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Intraday trading perspectives: GBP/USD

Jun 15, 2015 11:13 am UTC| Insights & Views

We believe, the intraday as well as short term trading perspectives of GBP/USD: The bias remains bearish.The pair hanging on trend line supportPivot:1.5490 on closing basis.For now in our opinion most likely scenario would...

Shinzo Abe’s approval ratings join Yen on the slide

Jun 15, 2015 10:45 am UTC| Insights & Views

In 2015, Japans popular Prime Minister Shinzo Abe is not looking so popular anymore. Latest record shows, poll ratings are at their lowest since taking up his second spell in office in 2012. Weekend poll showed Mr. Abes...

WPI deflation unlikely to provoke RBI to jump the gun

Jun 15, 2015 10:42 am UTC| Insights & Views

Just a few weeks back Reserve Bank of Indias governor Raghu Ram Rajan has cut rates for third time this year, however continued deflation as measured by Indias wholesale price index (WPI) unlikely to make him jump the gun...

FxWirePro: Deploy Diagonal Call Spread on Falling Wedge

Jun 15, 2015 09:01 am UTC| Insights & Views

Options Strategy: (XAU/USD) Diagonal call spreadFor current technical situation as explained our earlier post, this strategy can be employed to hedge the FX commodity exposure.On hedging grounds, We recommend buying 60D...

Expect XAU/USD upswings on Falling Wedge but instant trend reversal unlikely

Jun 15, 2015 08:57 am UTC| Insights & Views

Both on weekly and monthly graphs of this precious metal prices, falling wedge pattern has been spotted out.Upswings are expected for sure but instant trend reversal still unlikely.Break below 1175.35 levels can be seen...

Greek tension takes toll on European assets

Jun 15, 2015 08:55 am UTC| Insights & Views

European assets are taking a besting today as walks broke abruptly and inconclusively among Greek government officials and Euro zone creditors. Greek government is going to face hard time, if it fails to live up to the...

Swiss economy shows signs of life after first quarter setback

Jun 15, 2015 08:15 am UTC| Insights & Views

Swiss economy is still suffering as Franc shock is slipping through real economy. Swiss National Bank (SNB) unexpectedly removed 1.20 EUR/CHF peg, leading to heavy appreciation in Francs value. CPI and PPI remains...

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Economy

Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion

Gold prices edged lower on Thursday as a stronger U.S. dollar and renewed geopolitical tensions in the Middle East weighed on investor sentiment. Rising concerns that higher energy prices could keep inflation elevated and...

Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets

Asian stock markets mostly declined on Thursday as renewed geopolitical tensions in the Middle East, higher oil prices and cautious signals from the U.S. Federal Reserve weakened investor sentiment. Concerns over Samsung...

Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief

Venezuelas devastating twin earthquakes have claimed at least 3,811 lives, according to updated figures released Wednesday by National Assembly President Jorge Rodriguez. Authorities said the June 24 earthquakes also left...

China Inflation Cools in June as Producer Prices Hit Four-Year High

Chinas consumer inflation slowed in June while producer prices climbed at their fastest annual pace in four years, highlighting uneven inflation trends and reinforcing expectations that policymakers may introduce further...

Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears

Oil prices extended their rally on Thursday as escalating tensions between the United States and Iran heightened concerns over potential disruptions to Middle East crude supplies, with renewed security risks in the Strait...

Politics

Houston ICE Shooting Sparks Protests, Demands for Independent Investigation

Hundreds of demonstrators gathered in Houston on Wednesday to protest the fatal shooting of a Mexican national by a U.S. Immigration and Customs Enforcement (ICE) officer, intensifying concerns over the Trump...

US Reaffirms Support for Tibetan Rights After Self-Immolation Near UN

The United States has reaffirmed its support for the Tibetan peoples human rights and cultural identity following the death of a Tibetan man who set himself on fire near the United Nations headquarters in New York,...

Trump Approves Patriot Missile License for Ukraine, Boosting Air Defense Efforts

President Donald Trump announced on Wednesday that the United States will grant Ukraine a license to manufacture Patriot missile interceptors, marking a significant shift in U.S. support for Kyiv and strengthening the...

Russia Strikes Kyiv With Ballistic Missiles as Ukraine Seeks More Air Defense Support

Russia launched a fresh wave of ballistic missiles and jet-powered drones against Kyiv on Wednesday, killing at least three people and injuring 13 others, as Ukraine continues to struggle with a shortage of U.S.-made air...

Trump Moves to Remove Syria From U.S. Terrorism List, Paving Way for Investment

President Donald Trump announced that he has decided to remove Syria from the U.S. list of state sponsors of terrorism, marking a major step toward restoring the countrys economic ties and encouraging foreign investment...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Bain Capital Exits Kioxia After AI-Fueled Valuation Surge

Bain Capital has fully exited its investment in Japanese flash memory manufacturer Kioxia, marking the end of a highly profitable private equity deal driven by the rapid expansion of the artificial intelligence (AI)...

SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom

SK Hynixs planned $28 billion U.S. share sale attracted demand worth more than seven times the number of shares available, highlighting strong investor confidence in the South Korean memory chip maker and the rapidly...

Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth

Chinese artificial intelligence company Zhipu AI, listed in Hong Kong as Knowledge Atlas Tech Joint Stock (HK:2513), has raised approximately HK$31.37 billion (US$4 billion) through a discounted share sale, strengthening...

Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO

Nvidia (NASDAQ: NVDA) has agreed to invest approximately A$720 million (US$500 million) in Australian cloud infrastructure startup Firmus Technologies, becoming the largest participant in the companys planned A$2 billion...

SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest

SK Hynix Inc. is seeing overwhelming investor interest in its planned $28 billion U.S. listing, with demand reportedly exceeding the number of shares available by several times, according to a Bloomberg News report on...
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