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FxWirePro: USD/CAD extends slide as CAD continues to benefit from higher oil prices

Oct 09, 2015 09:22 am UTC| Technicals

Oil extended gains on Friday and is set for its biggest weekly rise in over six years. Brent crude was up 60 cents at $53.65 a barrel at 0844 GMT, on track to rise 11 percent this week alone. U.S. crude was up 77...

FxWirepro: Risky traders can prefer GBP/AUD PRBS i/o strips to reduce cost - bears to extend further dips on doji formation

Oct 09, 2015 09:15 am UTC| Technicals

It is projected that the bearish gravestone doji patterns that were spotted out around 2.1552 levels on monthly charts as well as on weekly charts at around 2.1458 and again on 2.1586 levels have more downside potential....

AUD/JPY breaks major resistance 87.50, jump till 88.55 is possible

Oct 09, 2015 09:14 am UTC| Technicals

AUD/JPY has broken major resistance around 87.50 which confirms short term bullishness, a jump till 88.57 is possible. Intraday weakness can be seen only below 87.20. Any break below 87.20 will drag the pair further...

FxWirePro: USD/JPY trades tight range, hovers around 120 handle

Oct 09, 2015 08:56 am UTC| Technicals

Yen weak across the board at the end of the week, taking USD/JPY to session peaks in the 120.15/20 area. The pair is lacking conviction, losing directional strength on a mixed outlook from the Central...

EUR/USD breaks major resistance at 1.1340, targets 1.14365

Oct 09, 2015 08:16 am UTC| Technicals

EUR/USD has broken major resistance around 1.1340 and this confirms short term bullishness, a jump till 1.1370/1.14365 is possible. On the downside major support is around 1.12300 and break below targets 1.1200/1.1750....

FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

Oct 09, 2015 06:58 am UTC| Technicals

BTC/USD has broken major resistance $245 (200 day 4 HMA) and this confirms short term bullishness, a jump till $258/$272 is possible It is currently trading at $244.91. Short term trend is bullish as long as support $235...

EUR/CAD struggles to break above trend line resistance, decline till 1.3550 is possible

Oct 09, 2015 06:29 am UTC| Technicals

EUR/CAD has made a high of 1.4760 yesterday and retreated from that level. It is currently trading at 1.4625 The pair is facing strong trend line resistance around 1.4705 (trend line joining 1.51575 and 1.4982) and any...

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Economy

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

The Bank of Japan (BOJ) is widely expected to raise interest rates to a three-decade high, marking another milestone in its gradual exit from ultra-loose monetary policy. At the conclusion of its two-day meeting on Friday,...

Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement

Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday that recent inflation data has been encouraging, raising the possibility of additional interest rate cuts next year if current trends continue....

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

Japans consumer price inflation remained largely steady in November, reinforcing expectations that the Bank of Japan (BOJ) will proceed with a long-anticipated interest rate hike as it seeks to control persistent price...

Politics

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Fernando Haddad Confirms He Will Not Run for Office in 2025, Signals Possible Exit as Brazil’s Finance Minister

Brazilian Finance Minister Fernando Haddad confirmed on Thursday that he will not run for public office next year, putting an end to months of speculation surrounding his political future. Speaking at a press conference,...

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. has moved to significantly restrict childrens access to gender-affirming care, marking one of the most far-reaching actions yet by the Trump administration...

Trump Expands U.S. Travel Ban to Antigua and Barbuda, Dominica, Sparking Economic Fears in the Caribbean

Washingtons decision to expand U.S. travel restrictions to include Antigua and Barbuda and Dominica is raising serious concerns across the Caribbean, where access to the United States plays a vital role in tourism,...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...
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