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FxWirePro: USD/CAD extends consolidation phase, overall bias higher

Sep 16, 2015 11:34 am UTC| Technicals

USD broadly offered as market drifts on position adjustment ahead of FOMC, while oil rose on after an unexpected drawdown in U.S. stockpiles USD/CAD trades in a tight range as market participants largely on sidelines...

FxWirePro: Gold consolidates in narrow range, good to sell on rallies

Sep 16, 2015 10:18 am UTC| Technicals

Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds. On the downside major support is around $1100 and break below...

FxWirePro: Buy GBP/JPY only above 185.65 with SL around 184.90 for the TP of 186.65/187.30

Sep 16, 2015 09:31 am UTC| Technicals

GBP/JPY major trend line resistance is around 185.65 and break above confirms short term bullishness, jump till 186.65/187.20 cannot be ruled out. It has formed temporary bottom around 184.20 and any weakness only below...

FxWirePro: USD/CHF faces trend line resistance around 0.9770, good to sell on rallies

Sep 16, 2015 09:04 am UTC| Technicals

USD/CHF recovered till 0.97633 after making a low of 0.96675. It is currently trading at 0.9732. The pair is facing strong trend line resistance around 0.9770 and any intraday jump can be seen only above that...

FxWirePro: EUR/GBP edges lower from channel top resistance at 0.7360, ECB Constancio's dovish comments weigh

Sep 16, 2015 07:41 am UTC| Technicals

EUR/GBP extends gains for the second straight session on Wednesday, GBP dented by poor CPI data on Tuesday Gains in the day faltered ahead of channel top resistance at 0.7360, and the pair has edged lower to currently...

EUR/USD consolidates in narrow range, markets await FOMC meeting

Sep 16, 2015 07:05 am UTC| Technicals

EUR/USD trades in narrow range between 1.1370-1.12588 for the past three trading session. Any further break out can be seen only after US Fed meeting which is to be held on Sep 16th. On the downside EUR/USD is facing...

FxWirePro: 1W ATM USD/JPY contracts to perceive highest IV among G7 currency pool – SPL to tackle delta risk reversal

Sep 16, 2015 06:10 am UTC| Technicals

From the above table, we can observe that 1 week contact to perceive higher volatilities on the vege of tomorrows much awaited feds meet, delta risk reversal for this pair is also highest negative values among entire G7...

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Economy

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

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

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

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Politics

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

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Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

Russian President Vladimir Putin is expected to send a significant signal to the United States and European powers regarding the future of the Ukraine war when he speaks at his annual end-of-year news conference on Friday....

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...

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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