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USD/JPY eyes support by Fri low & Tenkan at 124.31-40

Jun 08, 2015 18:24 pm UTC| Technicals

Japan bids by 125 have been chewed through; pair eyes TrendLine, Fri low Tenkan at 124.31-40 200-HMA is 124.67. If 124.30 is broken, Japan bids at 124 will be tested next Much of todays USD/JPY action is an overbought...

EUR/JPY boosted by EUR rally & USD/JPY's 125 floor

Jun 08, 2015 15:27 pm UTC| Technicals

EUR on rise as 10-yr Bund ylds rise prior short EUR hedges are covered USD/JPY Japan bids by 125 big expiry give EUR/JPY a fresh base Fri Thurs highs at 140.69/141.06 are nearby; close above 140.73 Fibo is...

USD/CLP probes below daily pivot by 634.03

Jun 08, 2015 14:03 pm UTC| Technicals

USD/CLP below upper 21-d Bolli, hovers below daily pivot (634.03) Slight profit taking seen, RM tipped on offer, slows Chilean equity sales Talk US concern over strong USD weighs on USD USD offered as US yields move...

NZD/USD range trade likely into RBNZ

Jun 08, 2015 13:52 pm UTC| Technicals

NZD/USD likely to consolidate into RBNZ due to lack of bear follow through today No major US data to drive USD side of equation so consolidation due 10-DMA capped recently, may repeat, above 0.72 eases short-term bear...

EUR/GBP threatens 76.4% fibo at 0.7338 on EUR short-covering

Jun 08, 2015 13:43 pm UTC| Technicals

EUR/GBP threatens 76.4% of 0.7360 (Friday high) to 0.7267 (Asia low) at 0.7338 after EUR short-covering 0.7387 (June 4 high) 0.7400/07 resistance beyond 0.7369 Brexit concerns are independent source of support for...

EUR/JPY holds above 139; Bunds more stable

Jun 08, 2015 13:27 pm UTC| Technicals

EUR/JPY Fri todays lows held above 139, as long Bund FX hedges unwind further Cross tad overbought on dailies; weekly Cloud base at 141.97 is Medium-Term target Bunds more stable, though recent yield surge dims buyers...

EUR/USD bears to struggle, short covers dominate for now

Jun 08, 2015 12:51 pm UTC| Technicals

Lack follow through from Fri. tighter DE-US spreads see short covers lift European QE trades continue to unwind across asset markets 100 10-Day moving averages aid the bounce Break of latter sees decent squeeze,...

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Economy

China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious

China has once again kept its benchmark lending rates unchanged, extending the pause in monetary policy adjustments to a seventh consecutive month in December, in line with broad market expectations. The Peoples Bank of...

Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike

Asian share markets moved higher at the start of the week, following strong tech-led gains on Wall Street, while the Japanese yen continued to weaken sharply against major currencies despite a significant interest rate...

China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries

Chinas sweeping reforms to its electricity market are rapidly transforming the economics of energy storage, driving a surge in both domestic deployment and global exports of battery technology. As international demand for...

Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization

Global investors and borrowers are increasingly turning to the Chinese yuan as lending and financing activity accelerates, driven by attractive pricing and Chinas long-term push to internationalize its currency....

Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand

Silver prices surged to a record high during early Asian trading on Monday, driven by escalating geopolitical tensions that boosted demand for safe-haven assets across global markets. Concerns over renewed hostilities...

Politics

U.S. Coast Guard Pursues Sanctioned Oil Tanker Near Venezuela Amid Rising Geopolitical Tensions

The U.S. Coast Guard is actively pursuing a sanctioned oil tanker in international waters near Venezuela, according to U.S. officials cited by Reuters, marking what could become the third such operation in less than two...

Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift

Japan is approaching a pivotal moment in its post-Fukushima energy policy as the Niigata regional assembly is expected to endorse the restart of the Kashiwazaki-Kariwa nuclear power plant, the largest nuclear facility in...

Justice Department Restores Trump Photo in Epstein Files After Review Clears Image

The U.S. Department of Justice confirmed on Sunday that a photo involving President Donald Trump, which had briefly been removed from the cache of Jeffrey Epstein-related documents, was restored after an internal review...

U.S., Europe, Ukraine Hold Productive Florida Talks on Ending Russia-Ukraine War

Senior officials from the United States, Europe, and Ukraine concluded three days of high-level talks in Florida aimed at advancing efforts to end Russias war in Ukraine, with discussions centered on aligning positions and...

Najib Razak Awaits Court Rulings in 1MDB Case as Malaysia’s Anti-Graft Drive Faces Test

Malaysias former prime minister Najib Razak is set to learn on Monday whether he can serve the remainder of his jail sentence under house arrest, a decision that could have major political and legal implications for 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

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

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...

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...

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...