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FxWirePro: AUD/NZD extends downside into cloud, targets 1.07

Feb 25, 2016 12:09 pm UTC| Technicals

AUD/NZD extends downside after rejection at triangle top at 1.0874 in Wednesdays trade. Price action has dipped into the cloud and Stochs on daily charts have rolled over from overbought levels confirming further...

FX Hedging Strategy Series

FxWirePro: USD/ZAR forms flag, testing resistance at 21DMA - more bullish potential upon breach of resistance at 15.8679

Feb 25, 2016 11:53 am UTC| Technicals

We traced out a bullish flag pattern soon after testing supports at around 15.25 levels. Weve received the confirmation on next candle with big real body at 15.7238 levels resembling flag pole again. This what we...

FxWirePro: CHF/JPY faces strong resistance at 114.20, good to sell on rallies

Feb 25, 2016 11:42 am UTC| Technicals

Major resistance - 114.20 (55 day 4 H EMA) The pair has made a high of 113.89 and started to decline from that level. It is currently trading around 113.12. Short term trend is still weak as long as resistance 114.20...

Indian rupee falls against US dollar, nearer to its record low rate

Feb 25, 2016 11:31 am UTC| Technicals

USD/INR is currently trading at 68.7050 levels, nearer to its record low of 68.85 mark touched in August 2013. It made intraday high at 68.78 and low at 68.47 levels. Today Indian government bonds also slumped after...

South African rand continues to fall against US dollar despite positive PPI figures

Feb 25, 2016 10:27 am UTC| Technicals

Pair is currently trading at 15.74 marks. It made intraday high at 15.76 and low at 15.58 levels. Today South Africa released PPI data at 1.6% m/m vs 0.2% previous release. In addition, PPI YoY released at 7.6% vs...

Mexican Peso likely to erase previous gain against US dollar, buy on dips

Feb 25, 2016 09:28 am UTC| Technicals

Pair is currently trading around 18.21 levels. It made intraday high at 18.24 and low at 18.17 levels. Intraday bias remains bullish till the time pair holds key support at 17.99 levels. Alternatively, a daily close...

FxWirePro: GBP/USD faces strong resistance around 1.4020, good to sell on rallies

Feb 25, 2016 09:28 am UTC| Technicals

Major resistance -1.4020 The pair has recovered from the low of 1.38780 till 1.39633 at the time of writing. Short term trend is still weak as long as resistance 1.4200 holds. On the lower side major support is around...

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Economy

Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher

Optimism in Asian financial markets faded quickly on Thursday as early signs of instability in the Gulf ceasefire sent oil prices climbing again, reinforcing fears of a prolonged inflationary impact on the global economy....

Dollar Stabilizes Amid Fragile US-Iran Ceasefire as Markets Watch Hormuz Strait

The U.S. dollar edged higher in early Thursday trading after suffering broad losses, as investors cautiously monitored the durability of a two-week ceasefire between the United States and Iran. The dollar index climbed a...

Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears

Gold prices edged lower during Asian trading on Thursday, retreating after modest gains in the previous session as investors continued monitoring escalating Middle East tensions threatening a fragile ceasefire between the...

Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets

Oil prices recovered Thursday following their sharpest single-day decline since April 2020, as ongoing disruptions in the Strait of Hormuz and escalating Middle East tensions renewed fears over global crude supply. By...

U.S. Futures Dip as Iran Ceasefire Faces Early Challenges

U.S. stock index futures edged slightly lower Wednesday evening as investors monitored the fragile state of a newly announced Iran-U.S. ceasefire agreement. The cautious overnight movement followed an exceptional trading...

Politics

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Haiti Election 2025: Voter Registration Delayed Amid Ongoing Security Crisis

Haitis Provisional Electoral Council (CEP) has officially announced the postponement of a voter registration drive that was originally set to begin on April 1. The council stated that updated registration dates would be...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

FCC Moves to Ban All Chinese Labs From Testing U.S. Electronics

The Federal Communications Commission is escalating its crackdown on Chinese technology by preparing to vote on a sweeping proposal that would prohibit all Chinese laboratories from testing electronic devices intended for...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...
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