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FxWirePro: AUD/USD bounces off daily cloud with 'Morning Star' formation, further downside only on break below 0.78

Sep 29, 2017 05:22 am UTC| Technicals

AUD/USD halted downside at 0.78 handle, has bounced off strong cloud base support. The pair edged higher from 10-week lows at 0.7799 to close at 0.7852 levels in Thursdays trade. We see a Morning Star formation...

FxWirePro: NZD/USD holds minor trendline support at 0.7170, break below to see further weakness

Sep 29, 2017 04:21 am UTC| Technicals

NZD/USD has held minor trendline support at 0.7170 and edged higher to close above 0.72 handle on Thursday. Momentum indicators are still bearish, we see scope for further downside. 20-DMA at 0.7254 is stiff...

FxWirePro:Nikkei trades narrow range,good to sell on rallies

Sep 29, 2017 03:18 am UTC| Technicals

Nikkei is consolidating in narrow range between 201497 and 20234 for the past five trading session. The index is facing strong support at 20200 and any break below confirms minor bearishness . Nikkei has formed a temporary...

FxWirePro: USD/THB hovers around 33.40 mark, Thailand’s economic data in focus

Sep 29, 2017 03:00 am UTC| Technicals

USD/THB is currently trading around 33.38 marks. It made intraday high at 33.39 and low at 33.34 marks. Intraday bias remains neutral till the time pair holds key resistance at 33.38 mark. A daily close...

FxWirePro: EUR/KRW trades in narrow range after mixed economic data from South Korea

Sep 29, 2017 02:03 am UTC| Technicals

EUR/KRW is currently trading around 1,349 mark. Pair made intraday high at 1,349 and low at 1,348 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,342 mark. A...

FxWirePro: Japanese yen trades marginally lower after mixed economic data

Sep 29, 2017 01:14 am UTC| Technicals

USD/JPY is currently trading around 112.62 marks. It made intraday high at 112.64 and low at 112.25 levels. Intraday bias remains slightly bullish till the time pair holds key support at 112.20 marks. A...

FxWirePro: US Dollar Index Daily outlook

Sep 28, 2017 13:20 pm UTC| Technicals

Major Resistance 93.65 (Trend line joining 101.34 and 99.89). US Dollar index declined slightly after showing a slight jump above recovered sharply till 93.50 after hitting low of 91.53. It is currently trading...

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Economy

China Industrial Profits Slump Signals Need for More Economic Stimulus

Profits at Chinas industrial firms fell sharply in November, marking the fastest year-on-year decline in more than a year and underscoring the fragile state of the countrys economic recovery. According to data released by...

Japan to Audit Brazil’s Beef System, Paving Way for Market Access

Japan is set to conduct a comprehensive audit of Brazils beef sanitary system in March 2026, marking a significant step toward the possible opening of Japans lucrative beef market to Brazilian beef exports. The...

Wall Street Ends Post-Christmas Session Flat as Investors Eye Santa Claus Rally

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Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023

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U.S. Stocks Hold Steady After Christmas as Trading Volumes Stay Light

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Politics

FBI to Permanently Close Hoover Building, Relocate Headquarters to Reagan Building

FBI Director Kash Patel announced Friday that the agency will permanently shut down its historic headquarters, the J. Edgar Hoover Building in Washington, D.C., marking a major shift in the bureaus long-discussed...

Mark Carney Reaffirms Canada’s Support for Ukraine as Peace Talks With Russia Gain Momentum

Canadian Prime Minister Mark Carney held a phone call with Ukrainian President Volodymyr Zelenskyy on Friday to discuss the latest developments in ongoing peace negotiations between Ukraine and Russia, according to a...

Zelenskiy to Meet Trump in Florida as Ukraine-U.S. Peace Framework Nears Completion

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Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis

Lebanons cabinet has approved a controversial draft law aimed at addressing the countrys prolonged financial crisis, a move seen as a critical step toward unlocking long-awaited international financial support. The...

Zelenskiy to Meet Trump to Advance Ukraine Peace Talks and Security Guarantees

Ukrainian President Volodymyr Zelenskiy announced on Friday that he plans to meet with U.S. President Donald Trump on Sunday as part of ongoing efforts to bring an end to Russias war in Ukraine. The high-level meeting is...

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

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...
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