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Tue, Dec 16, 2025 03:56 AM All times are UTC

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FxWirePro: NZD/USD breaks above 12-DMA, good to go long on dips

Aug 01, 2016 05:36 am UTC| Technicals

NZD/USD extends grind higher, breaks above 21-DMA resistance on Fridays trade. Fridays disappointing US GDP data will probably give an already reluctant Fed another reason to proceed cautiously with its intended...

FxWirePro: GBP/JPY faces strong resistance at 137, good to sell on rallies

Aug 01, 2016 05:27 am UTC| Technicals

Major resistance- 137.05 (hourly Tenken-Sen). Major support 134.78 (trend line joining 139.24 and 135.96) The pair has recovered sharply after making a low of 134.80 on Friday. It is currently trading around...

Gold trades well above 21 day MA, targets $1360/$1374

Aug 01, 2016 04:58 am UTC| Technicals

Major resistance - $1327 (200 H MA) The yellow metal has broken a minor resistance $1345 and jumped till $1354 on Friday. It is currently trading around $1350. Any short term weakness can be seen only below $1327...

FxWirePro: USD/INR opens marginally higher at 66.68, good to sell on rallies

Aug 01, 2016 04:46 am UTC| Technicals

USD/INR is currently trading around 66.72 marks. It made intraday high at 66.80 and low at 66.68 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.85 marks. Key...

FxWirePro: USD/JPY rebounds from lows on upbeat Chinese data, good to go long on dips

Aug 01, 2016 04:37 am UTC| Technicals

USD/JPY picked up significant strength and saw a nice rebound from lows of 102 levels. Renewed risk-on wave in the markets following the release of better-than-expected Chinese Caxin manufacturing PMI. Data...

FxWirePro: Taiwanese dollar gains against USD on robust PMI data

Aug 01, 2016 03:57 am UTC| Technicals

USD/TWD is currently trading around 31.73 mark. It made intraday high at 31.93 and low at 31.66 marks. Intraday bias remains bearish till the time pair holds key resistance at 32.12 marks. A sustain close...

ASX200 breaks major resistance 5600, jump till 5700 likely

Aug 01, 2016 02:26 am UTC| Technicals

Major support - 5555 (4H Kijun-Sen) The index has broken major psychological resistance at 5600 and jumped till 5622 at the time of writing. It is currently trading around 5616. Overall trend is bullish as long...

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Economy

Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets

Most Asian stock markets declined on Tuesday, extending recent losses as the technology sector continued to struggle under concerns about stretched artificial intelligence valuations. Investor sentiment remained fragile...

Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets

Oil prices edged lower during Asian trading on Tuesday as investors remained focused on expectations of a global oil supply glut in 2026, while closely monitoring developments in Russia-Ukraine ceasefire negotiations. The...

Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing

Korea Zinc announced plans to invest $7.4 billion to build a large-scale critical minerals refinery in Tennessee, marking the first new U.S.-based zinc refinery since the 1970s. The project, heavily backed by the U.S....

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand

Chinas economic momentum showed further signs of strain in November as key indicators pointed to slower growth in industrial output and a sharper-than-expected slowdown in consumer spending, according to official data...

Politics

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

U.S. President Donald Trump said he is considering an executive order to reclassify marijuana as a less dangerous drug, a move that could significantly reshape federal cannabis policy and the broader marijuana industry. If...

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis

The United States and Mexico have signed a new bilateral agreement aimed at addressing the long-standing Tijuana River sewage crisis, according to a statement released Monday by the U.S. Environmental Protection Agency...

Ukraine Claims First-Ever Underwater Drone Strike on Russian Missile Submarine

Ukraine said on Monday that it successfully struck and disabled a Russian missile-carrying submarine at a Black Sea naval base using underwater sea drones, marking what Kyiv described as a historic first in naval warfare....

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...