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Tue, Dec 23, 2025 02:23 AM All times are UTC

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FxWirePro: AUD/CAD upside halts at 50-DMA, further upside only on close above

Jan 18, 2017 09:39 am UTC| Technicals

AUD/CAD extends grind higher after break of 200-DMA at 0.9820. Upside in the pair currently pausing at 50-DMA at 0.9858, close above could see further upside. Momentum still with the bulls. RSI in neutral...

FxWirePro: FTSE100 break trend line support at 7280, decline till 7000 likely

Jan 18, 2017 09:15 am UTC| Technicals

Major support 7280 (trend line joining 6869 and 7087). Major resistance 7360 FTSE100 has formed a temporary top around 7359 on Jan 16th 2017 and declined slightly from the high. The index broken trend line...

FxWirePro: USD/KRW hits fresh 6-week low at 1,161, sustained close below targets 1,142

Jan 18, 2017 07:48 am UTC| Technicals

USD/KRW is currently trading around 1,166 levels. Pair made intraday high at 1,167 and low at 1,161 marks. Intraday bias remains neutral till the time pair holds key support at 1,161 levels. A daily close...

FxWirePro: EUR/JPY holds gains around 121 handle, focus on eurozone inflation data

Jan 18, 2017 07:31 am UTC| Technicals

EUR/JPY finds support from rebound staged by USD/JPY, halts back-to-back sessions of losses. The pair edges higher from multi-week lows at 120.54 (on Jan 17th) to currently hover around handle. Price action has...

FX Hedging Strategy Series

FxWirePro: GBP/CAD gut check with bears as major downtrend appears still fragile despite sharp spikes – Stay short in mid-month futures and tunnel spreads

Jan 18, 2017 07:22 am UTC| Technicals

The bearish pressure is observed in this pair again, despite vigorous upswings bulls restrained at resistance, consequently, bearish swings resume (refer daily chart). Any break below 7DMA 1.5964 to bring in more bearish...

FxWirePro:EUR/USD forms Bearish pattern, good to sell on rallies

Jan 18, 2017 07:15 am UTC| Technicals

Pattern Formed - Bearish AB=CD. Potential Reversal Zone (PRZ) 1.07350 The pair breaks the major resistance at 1.0685 and jumped till 1.07196 yesterday. It is currently trading around 1.06800. The bearish...

FxWirePro: XAG/USD hits fresh 5-week high at $17.19, stay bullish

Jan 18, 2017 06:53 am UTC| Technicals

XAG/USD is currently trading around $17.10 marks. It made intraday high at $17.18 and low at $17.04 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.17 marks. A daily...

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Economy

Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week

U.S. stock markets closed higher on Monday, extending recent gains as investors look to finish the year on a strong note despite thinning trading volumes in a holiday-shortened week. The SP 500 rose 0.5% by the closing...

Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs

Global financial markets started a holiday-shortened week on a positive note, with most major stock indexes posting gains as technology stocks rebounded and investor sentiment improved. Wall Street was supported by...

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

Platinum prices surged sharply at the start of the week, rallying more than 4.6% on Monday to break above the $2,000 per ounce level for the first time since 2008. The move marks a 17-year high for the precious metal and...

U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise

The U.S. dollar edged lower on Monday after posting modest gains last week, as cautious market sentiment and rising geopolitical tensions weighed on risk appetite. Currency markets remained largely subdued in Asia, showing...

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

Politics

Trump Administration Recalls Nearly 30 U.S. Ambassadors in Push for “America First” Agenda

The Trump administration has recalled nearly 30 U.S. ambassadors and senior career diplomats from overseas posts, a move officials say aligns embassies more closely with the presidents America First foreign policy, but...

Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector

Mexicos antitrust commission is set to review a proposed tie-up between low-cost airlines Viva Aerobus and Volaris, a move that has drawn positive remarks from President Claudia Sheinbaum and sparked interest across the...

Australia Moves Toward Tougher Gun Laws After Bondi Shooting

Australias most populous state, New South Wales, is set to introduce significantly tougher gun laws alongside new measures targeting terrorism and public protests, following a deadly mass shooting in Sydneys Bondi area....

Trump Announces Ambitious Plan for New U.S. Navy Super Battleships

U.S. President Donald Trump announced on Monday an ambitious proposal for the United States Navy to begin building a new class of advanced battleships, a move that could significantly reshape the future of American naval...

China’s Nuclear Expansion Raises Arms Control Concerns as Pentagon Report Warns of Growing Military Ambitions

China is rapidly expanding and modernizing its nuclear weapons arsenal, with a draft Pentagon report warning that Beijing may have loaded more than 100 intercontinental ballistic missiles (ICBMs) across three newly...

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

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...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

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...