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Digital Currency Revolution Series: ETH/USD bulls on 8-months highs, what drives Ethereum’s bullish streaks?

May 28, 2019 12:15 pm UTC| Research & Analysis Digital Currency Insights & Views Commentary

Cryptocurrency avenue has been buzzing with bulls uproar of late, all majors have been gaining considerably. ETHUSDs current price rally spikes above 21-EMAs with the stern bullish engulfing candle (jumped about 130.20%...

FxWirePro: WTI likely to decline further; sell at correction

May 28, 2019 11:45 am UTC| Commentary

Our calculations at FxWirePro suggests that further downside remains open for West Texas Intermediate (WTI) crude price, as near term supply outweighs demand growth. While the International Energy Agency (IEA)...

U.S. Treasury yields plunge in muted trading day ahead of 7-year auction, Q1 GDP data

May 28, 2019 11:30 am UTC| Commentary Economy

The U.S. Treasury yields plunged during Tuesdays afternoon session, after returning from a long weekend, following yesterdays Memorial Day holiday amid an otherwise muted trading session that is scheduled to witness data...

Digital Currency Revolution Series: CEO of Morgan Creek Capital Seems Constructive on Cryptocurrencies, Prefers Bitcoin Over S&P500

May 28, 2019 10:49 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

The CEO of Morgan Creek Capital came up with notions of cryptocurrencies, he thinks that Bitcoin most likely to extend its outperformance that looks more superior over SP 500 for going forward in this year. In an...

FxWirePro: Maintain short positons in Euro with short-term target of 1.105 against USD

May 28, 2019 10:31 am UTC| Commentary

Risk sentiment continues to simmer in Europe as the recent pan-European election exposed the fractured political landscape in Europe, Pro-European Parties have secured two-thirds of the 751 members strong parliament,...

German bund yields plunge despite tad lower GfK consumer climate; eyes on May jobless data

May 28, 2019 09:49 am UTC| Commentary Economy

The German bund yields plunged during European trading session Tuesday despite a tad lower reading of the countrys GfK consumer climate, released early today. Investors shall now be looking forward to the countrys...

FxWirePro: Risk sentiment simmer on array of bad news hitting the market

May 28, 2019 09:28 am UTC| Commentary

Risk sentiment is still on and yen remains well bid despite the global stock markets holding their breath for the past three trading days. Several fundamental developments over the past week or so, have soured market...

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Economy

EU and CPTPP Nations Push for Landmark Digital Trade Agreement

The European Union and member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have officially agreed to pursue a groundbreaking digital trade deal, marking a potentially...

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks...

Gold Prices Rise Amid Geopolitical Tensions and Safe Haven Demand

Gold prices climbed on Friday, positioning the precious metal for a weekly gain as investors retreated from riskier assets and sought refuge in safe haven investments like bullion and the U.S. dollar. The move came amid...

Oil Prices Surge Past $100 as U.S.-Iran Peace Hopes Collapse

Global oil markets turned sharply higher on Friday as diplomatic efforts between the United States and Iran appeared to unravel, pushing Brent crude above $100 per barrel for the first time in recent weeks. The escalation...

NASDAQ Tech Selloff: Correction or Collapse? What Analysts Are Saying

The NASDAQ Composite has officially entered correction territory, posting its sharpest valuation decline since the dotcom era as markets react to escalating U.S.-Iran military tensions. While the selloff has rattled...

Politics

Trump Warns "Cuba Is Next" Amid U.S. Military Posturing in the Region

Speaking at a Miami investment forum on Friday, President Donald Trump issued a striking warning toward Cuba, declaring Cuba is next while highlighting recent U.S. military operations against Venezuela and Iran. Though he...

Nepal's Ex-PM K.P. Sharma Oli Arrested Over Deadly 2024 Anti-Corruption Protests

Nepals former prime minister K.P. Sharma Oli was arrested Saturday morning as authorities launched a formal investigation into his alleged negligence during violent anti-corruption protests that claimed 76 lives last...

U.S.-Iran War Update: Rubio Says Conflict Could End in Weeks as Strikes Escalate

Secretary of State Marco Rubio confirmed Friday that U.S. military operations against Iran are progressing ahead of schedule, with officials expecting the conflict to wrap up within weeks rather than months. Speaking after...

Trump Questions U.S. Commitment to NATO Amid European Tensions

President Donald Trump once again cast doubt on Americas dedication to NATO on Friday, declaring that the United States does not have to be there for the alliance remarks that have reignited global concerns about the...

Russia and Iran Explore Diplomatic Path Amid Middle East Conflict

Russian Foreign Minister Sergei Lavrov held talks with Iranian counterpart Abbas Araqchi on Friday, with both sides exploring the possibility of a political and diplomatic resolution to the ongoing military crisis in the...

Science

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...