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FxWirePro: EUR/GBP short term upswings to prevail as delta risk reversal indicates costlier hedging upside risks

Aug 18, 2015 07:34 am UTC| Technicals

As you can make out from the nutshell, bulls gaining buying interest as 1W ATM contracts showing positive flashes and this has evidenced short spikes in technical charts as well but this is yet to be confirmed in long run...

FxWirePro: GBP/USD weak ahead of UK CPI report, could test 1.5535 if data disappoints

Aug 18, 2015 07:32 am UTC| Technicals

GBP/USD continues to adjust lower as markets await UK July inflation data due 0830GMT. A disappointment in the data could weigh on the cable, pair could dip to 1.5535 (Aug 12 low) Negative UK CPI would be blow for...

FxWirePro: EUR/AUD gravestone doji likely to drag maximum 160-175 pips - prefer straps for hedging

Aug 18, 2015 07:09 am UTC| Technicals

As we can make out from the daily chart a gravestone doji with long upper shadow has shown its impact in price drops. This doji at 1.5110 is still has downside potential for about another maximum up to 160-175 pips to test...

FxWirePro: Falling wedge on AUD/JPY – BPS hedges and straddle shorting speculates

Aug 18, 2015 06:42 am UTC| Technicals

Both EOD and weekly graphs signal sideway to slightly bearish trend, the pair is currently testing a crucial support at around 91.678 levels on daily charts with the likely formation of falling wedge. More importantly a...

Cable trades weaker, market awaits UK CPI for further direction

Aug 18, 2015 06:04 am UTC| Technicals

Cable has made a high of 1.56873 and started declining from that level. Overall trend is still weak as long 1.5700 holds. Bearish invalidation only above 1.5700. It is currently trading at 1.55780 and further direction...

FxWirePro: AUD/JPY trades in narrow range, good to buy at dips

Aug 18, 2015 06:03 am UTC| Technicals

Intraday trend- neutral Short term trend- Bullish AUD/JPY is trading in narrow range 91.46-91.89 in the past two trading session. Short term trend is bullish as long as support 91 holds. On the lower side minor support...

FxWirePro: Kiwi spikes above 0.66 handle as Russia lifts NZ dairy ban

Aug 18, 2015 05:30 am UTC| Technicals

NZD surged to reclaim 0.66 handle from $0.6570 in early trade following the news of Russia partially lifting ban on NZ dairy companies. The pair looks to have recovered and once again has re-established itself above...

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Economy

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

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

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...

Politics

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

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

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

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

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...