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FxWirePro: USD/JPY outlook weaker on renewed downside pressure

Aug 01, 2017 18:02 pm UTC| Technicals

USD/JPY declined on Tuesday as political turmoil in Washington increased demand for safe haven Japanese yen. Uncertainty was expected to continue weighing on the dollar, following President Donald Trumps ouster of...

FxWirePro: EUR/USD runs out of steam but maintains bullish outlook

Aug 01, 2017 16:49 pm UTC| Technicals

The EUR /USD pair edged lower on Tuesday as the dollar strengthened but held close to a 14-month low as investors added to bets that political turmoil in Washington will hit prospects of another Federal Reserve rate hike...

FxWirePro: USD/CAD gains some upside momentum but still bearish

Aug 01, 2017 14:27 pm UTC| Technicals

The USD/CAD pair inched higher on Tuesday as oil prices slipped from two-month highs, while the greenback stabilized a day after being pressured by political turmoil in Washington. U.S. crude prices were down 0.76...

FxWirePro: US Oil forms Potential Bullish Gartley Pattern, good to sell on rallies

Aug 01, 2017 13:05 pm UTC| Technicals

Harmonic Pattern formed - Bearish Gartley Potential Reversal Zone (PRZ)- $51.97 US Oil has formed a major bottom at $42.08 on Jun 21st 2017 and jumped till $50.38 yesterday. WTI crude was trading higher for the...

FxWirePro: 'Bearish Butterfly Pattern' on AUD/JPY, good to go short on break below 87.82

Aug 01, 2017 11:47 am UTC| Technicals

AUD/JPY recovery fails to hold gains above 5-DMA, extends downside for 4th successive session. Technical studies are turning bearish. RSI and stochs are biased lower. MACD is showing a bearish crossover on signal...

FxWirePro: EUR/USD Trade Idea

Aug 01, 2017 11:40 am UTC| Technicals

EURUSD hits fresh 18 month high yesterday after better than expected EU inflation data. The pair jumped till 1.18456 and is currently trading around 1.18168 0.21% lower. Eurozone headline CPI came at 1.3% yoy in July...

FxWirePro: CHF/JPY downside capped by 100 –day MA, good to buy on dips

Aug 01, 2017 11:25 am UTC| Technicals

CHFJPY has showing a huge sell off for the past three weeks after forming a top around 118.60 on Jul 10th 2017. It is currently trading around 114.30. The pair has taken support near 100- day MA at 113.65 and jumped...

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Economy

China to Tighten Crude Steel Output Controls and Export Regulation Through 2030

China has announced it will continue strict regulation of crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030, reinforcing its long-term strategy to curb overcapacity and reduce carbon...

Asian Stocks and Gold Rally as Investors Chase Year-End Gains Amid Dollar Weakness

Asian stock markets climbed to their highest levels in six weeks on Friday, extending a strong year-end rally as investors looked to finish the year on a positive note. Despite thin trading volumes due to market holidays...

Gold and Silver Hit Record Highs as Safe-Haven Demand Surges Amid Global Uncertainty

Gold and silver prices surged to fresh record highs on Friday, extending a strong year-end rally as investors rushed into safe-haven assets amid escalating geopolitical tensions and a weakening U.S. dollar. Precious metals...

Platinum Surges to Record High as Supply Crunch and Policy Shift Drive Historic Rally

Platinum prices soared to a record high on Friday, marking one of the strongest rallies in the metals history as a combination of supply constraints, shifting investor sentiment, and an unexpected European Union policy...

China Revises 2024 GDP Lower After Final Review, Eyes Growth in 2025

Chinas economy in 2024 was officially revised downward following a final verification by the countrys statistics bureau, highlighting ongoing adjustments in the worlds second-largest economy. According to the latest...

Politics

Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance

Japans government, led by Prime Minister Sanae Takaichi, has approved a record-breaking budget worth 122.3 trillion yen ($785 billion) for the next fiscal year starting in April, underscoring its attempt to balance...

White House East Wing Ballroom Plans Face Scrutiny Ahead of January Hearing

The White House is set to reveal new details about President Donald Trumps proposed East Wing ballroom during a federal commission hearing scheduled for early next month, according to official notices. The project, which...

Zelenskiy Discusses Ukraine Peace Efforts With Trump Envoys

Ukrainian President Volodymyr Zelenskiy said on Thursday that he held an extensive discussion with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, focusing on possible ways to...

Kim Jong Un Signals Continued Missile Development as North Korea Plans Five-Year Military Modernization

North Korean leader Kim Jong Un has signaled that the country will continue to advance its missile capabilities over the next five years, underscoring Pyongyangs ongoing focus on strengthening its military deterrence....

US Airstrikes Target Islamic State Militants in Northwest Nigeria Amid Rising Security Concerns

The United States has carried out airstrikes against Islamic State militants operating in northwest Nigeria, according to a statement made by U.S. President Donald Trump on Thursday. The strikes were described as a direct...

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 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...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...