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FxWirePro: Daily Commodity Tracker - 8th April, 2020

Apr 08, 2020 12:16 pm UTC| Technicals Research & Analysis

Daily Commodity Tracker (12:00 GMT) WTI (US OIL): Major trend - Strongly bearish; Minor trend - Neutral Oscillators: Neutral (bias higher) Bollinger Bands: Shrinking on the daily charts, Widening on Weekly and...

Digital Currency Revolution Series: Spotlight On Bitcoin’s Bullish Driving Forces And Hedging Strategy

Apr 08, 2020 11:42 am UTC| Research & Analysis Digital Currency Insights & Views

Bitcoin price has been showing considerable rallies despite struggling financial times. As you could observe, the minor trend takes-off well above 7-DMAs on hammer pattern, Bullish streaks shrugging-off shooting stars,...

FxWirePro: EUR/JPY pauses upside at 21-EMA resistance, single currency on the defensive

Apr 08, 2020 10:01 am UTC| Technicals Research & Analysis

EUR/JPY chart - Trading View EUR/JPY has halted 3 straight sessions of gains and was trading 0.10% lower at 118.28 at around 09:45 GMT. The single currency under pressure after Eurogroup fails to agree on a common...

FxWirePro: Is Euro Vulnerable Amid Fragile Transitional And Pandemic Phase? EUR/JPY OTC Outlook And Hedging Strategies

Apr 08, 2020 09:19 am UTC| Research & Analysis Insights & Views

The Eurogroup meeting has been adjourned. The eurozone finance ministers could not agree on any plan to manage the financial burdens of the corona crisis. Well, everyone (including myself) had imagined this to be so...

FxWirePro: EUR/JPY Range-Bounded Trading Via Boundary Strikes On Rich Implied Vols Amid Covid-19

Apr 08, 2020 08:41 am UTC| Research & Analysis Insights & Views

As the total reported death cases exceeds 1.3 million across the world due to the deadly contagious coronavirus, almost all markets have halted with a trauma. COVID-19 was the factor that triggered the repricing of FX...

FxWirePro: EUR/GBP extends range trade, consolidates above 200-DMA, bias neutral

Apr 08, 2020 07:37 am UTC| Technicals Research & Analysis

EUR/GBP chart - Trading View EUR/GBP is extending range trade for the 3rd consecutive session. Bias remains neutral. The pair was largely muted at 0.8821 at around 07:15 GMT, with session highs at 0.8832 and lows at...

Digital Currency Revolution Series: Bitcoin Cash (BCH) Skyrockets On Its Debut Halving Event

Apr 08, 2020 07:19 am UTC| Research & Analysis Digital Currency Technicals Insights & Views

Bitcoin cash (BCHUSDat Coinbase) has staged for the 4thconsecutive weeks rallies, its been constantly gaining from the lows of 133.67 to the prevailing 283.35 levels which is mammoth 104% in just 3-4 weeks. Well, such...

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Economy

US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes

Announced on February 2, 2026, the US-India commerce deal offers Indian exports significant tariff relief. From 25% to 18%, US reciprocal tariffs on Indian goods have been cut; the extra 25% punitive tariff connected with...

India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth

Indias dominant services sector showed a strong rebound in January after slipping to an 11-month low in December, supported by a rise in new business activity, according to the latest HSBC India Services Purchasing...

Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election

Most Asian currencies traded within a narrow range on Wednesday as the U.S. dollar steadied following a strong rebound over the past week, while the Japanese yen underperformed amid growing political uncertainty ahead of a...

Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows

Australias corporate regulator has warned the countrys rapidly expanding pension fund industry that it must significantly increase investment in systems, technology, and governance to safeguard its future and avoid...

Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding

New York and New Jersey have filed an emergency lawsuit against the Trump administration, seeking to restore federal funding for the $16 billion Hudson River tunnel project, a critical piece of U.S. transportation...

Politics

Illinois Joins WHO Global Outbreak Network After U.S. Exit, Following California’s Lead

Illinois will join the World Health Organizations Global Outbreak Alert and Response Network (GOARN), marking a significant public health move following the United States official withdrawal from the WHO last month....

U.S.-Iran Nuclear Talks Expected in Oman Following Venue Change Request

Nuclear negotiations between the United States and Iran are expected to take place in Oman on Friday, according to a report by Axios journalist Barak Ravid, who cited an Arab source familiar with the matter. The upcoming...

Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade

President Donald Trump has signed legislation extending the African Growth and Opportunity Act (AGOA), a key U.S.-Africa trade program, through December 31, 2026. The extension is retroactive from September 30, 2025,...

Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile

An Australian scandium mining project backed by billionaire mining executive Richard Friedland is expected to play a role in the United States newly announced $12 billion critical minerals stockpile, according to comments...

Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure

Federal Reserve Governor Stephen Miran has formally resigned from his role as chair of the White House Council of Economic Advisers (CEA), fulfilling a commitment he made to the U.S. Senate as his tenure at the Federal...

Science

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...

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...

Technology

Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links

Shares of Tencent Holdings (HK:0700) fell sharply on Wednesday after its popular messaging platform WeChat blocked certain promotional links related to YuanBao, the companys artificial intelligence chatbot. The move...

Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies

Nvidia is reportedly nearing a major investment deal with OpenAI, signaling a significant development in the global artificial intelligence landscape. According to sources cited by Reuters, the chipmaking giant is in...

Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate

Artificial intelligence startup Anthropic is reportedly preparing a major secondary share sale that would allow some employees to sell shares at a valuation of at least $350 billion, according to a recent Bloomberg report....

AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock

Advanced Micro Devices (AMD) delivered a solid quarterly earnings beat, topping Wall Street expectations on both revenue and profit, yet its stock slipped in extended trading after the company projected a sequential...

Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns

Nintendo shares fell sharply on Wednesday after the Japanese gaming giant reported weaker-than-expected fiscal third-quarter results, intensifying investor concerns over profitability and margins tied to its highly...
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