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FxWirePro: EUR/JPY bullish momentum shrinks but intermediate bull trend to extend – Boundary binaries as no data to stimulate underlying spot

Nov 28, 2016 06:54 am UTC| Technicals

EURJPY rallies likely to drag as the bulls breach stiff resistance at 116.250 levels and sustain above these levels, the major trend appears to be in theconsolidation phase. Bulls manage to break out above resistance of...

FxWirePro: Possible "Bullish Butterfly" on AUD/NZD, short break below 1.0530

Nov 28, 2016 06:38 am UTC| Technicals

We see a possible Bullish Butterfly pattern on AUD/NZD daily charts. The pair is currently holding major support by 100-DMA at 1.0532, weakness on break below. AUD/NZD finds major resistance at 1.06, bearish...

FxWirePro: Silver rises around 2 pct to $16.84 mark, stay bullish only above $16.87

Nov 28, 2016 06:34 am UTC| Technicals

XAG/USD is currently trading around $16.77 marks. It made intraday high at $16.84 and low at $16.36 levels. Intraday bias remains neutral till the time pair holds immediate resistance at $16.87 marks. A...

EUR/USD breaks major resistance at 1.0660, jump till 1.0820 likely

Nov 28, 2016 06:09 am UTC| Technicals

Major resistance- 1.0660 (Nov 22nd high) Minor support 1.0580 The pair has jumped sharply from the low of 1.05180 made yesterday. It has broken minor pschycological resistance 1.0600 and jumped till 1.06855 at...

FxWirePro: USD/CNY hovers around 6.90 mark, PBOC sets yuan mid-point at 6.9042

Nov 28, 2016 06:09 am UTC| Technicals

USD/CNY is currently trading around 6.9027 marks. It made intraday high at 6.9197 and low at 6.8998 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.9237 marks. On...

FxWirePro: AUD/USD breaks above 50% Fib, on track to test 20-DMA at 0.7536, stay long

Nov 28, 2016 05:40 am UTC| Technicals

AUD/USD extends bullish momentum into 3rd consecutive day. The pair has broken above 50% Fib at 0.7461 and is on track to test 20-DMA at 0.7536. Technical indicators are positively aligned for further...

FxWirePro: Gold faces psychological resistance at $1200, good to buy on dips

Nov 28, 2016 05:34 am UTC| Technicals

Major support - $1170 (61.8% retracement of $1375 and $1046) Minor resistance- $1208 (10- day MA) Gold has recovered sharply from the low of $1170 made on Friday. It is currently trading around $1192.28. The...

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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

NSW Parliament Recalled After Bondi Beach Shooting to Debate Stricter Gun Laws and Protest Limits

Australias New South Wales state parliament was recalled on Monday for an urgent two-day session to debate proposed new laws that would significantly tighten firearm ownership, ban the public display of terror symbols, and...

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...

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...