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FxWirePro: Daily Commodity Tracker - 18th August, 2020

Aug 18, 2020 15:23 pm UTC| Technicals

Daily Commodity...

FxWirePro: FTSE100 upside capped by 200-4H MA, good to sell on rallies

Aug 18, 2020 13:05 pm UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 6100 Kijun-Sen- 616 FTSE100 showed a minor recovery of more than 100 points following the footsteps of US markets. The surge in Pound sterling on dollar...

FxWirePro: USD/JPY hits 2-week low below 106, greenback depressed ahead of FOMC minutes

Aug 18, 2020 10:26 am UTC| Technicals

USD/JPY chart - Trading View USD/JPY slumps lower for the 3rd straight session to hit 2-week lows below 106 handle. The major was trading 0.36% lower on the day at 105.61 at around 10:15 GMT after closing 0.51% lower...

FxWirePro: Swedish Krona gains on upbeat economic data

Aug 18, 2020 10:14 am UTC| Technicals

The Swedish Krona surged following the release of upbeat induatrial inventories figures. Swedens industrial inventories increased by SEK 2.1 billion in the second quarter of 2020, following an upwardly revised SEK...

FxWirePro: CHFJPY Daily Outlook

Aug 18, 2020 09:38 am UTC| Technicals

Ichimoku Analysis (1-hour chart) Tenken-Sen- 116.69 Kijun-Sen- 116.95 CHFJPY has halted its 14-week of the bullish trend and lost more than 100 pips on strong Yen. USDJPY is trading weak for the week...

FxWirePro: Norwegian Krone advances to 7-month peak as crude oil rallies

Aug 18, 2020 09:36 am UTC| Technicals

The Norwegian Krone rallied to a 7-month peak as oil prices surged as suppliers seek to hold promises on output cuts. Crude oil prices gained after OPEC+ said the producer grouping is almost fully complying with...

FxWirePro: USDCHF breaks 0.9050, dip till 0.8950 possible

Aug 18, 2020 09:09 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 0.91432 Kijun-Sen- 0.91432 USDCHF continues to trade lower after minor recovery till 0.90675. The broad-based US dollar selling due to delay in the US...

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Economy

Japan Yen Surges on Reported FX Intervention as Dollar Slides After Fed, BoE Holds Rates

The Japanese yen posted its biggest gain against the U.S. dollar since late April after reports suggested Japanese authorities intervened in the foreign exchange market by buying yen and selling dollars. The move came as...

South Korea’s KOSPI Soars as Samsung, SK Hynix Rebound on Microsoft-Fueled AI Rally

South Koreas benchmark KOSPI index surged more than 16% on Friday, staging a powerful recovery after one of its sharpest weekly selloffs, as technology heavyweight stocks Samsung Electronics and SK Hynix rallied alongside...

China PMI Falls Into Contraction as Manufacturing, Services Weaken in July

Chinas economic recovery lost momentum in July as both manufacturing and services activity unexpectedly slipped into contraction, highlighting persistent weakness in domestic demand despite resilient exports. Official data...

US Stock Futures Rise as Amazon Earnings Boost AI Optimism Despite Apple Selloff

U.S. stock index futures moved higher late Thursday after strong quarterly results from Amazon and Microsoft renewed investor confidence in artificial intelligence, although gains were capped by a sharp decline in Apple...

BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook

The Bank of Japan (BOJ) is widely expected to keep its benchmark interest rate unchanged at 1% when it concludes its two-day policy meeting on July 31, despite persistent inflation and continued weakness in the Japanese...

Politics

Suez Canal Shipping Faces New Risk After Drone Strike on Gas Tankers in Egypt

A drone strike that ignited fires aboard two gas vessels at Egypts Damietta port has heightened concerns over the security of the Suez Canal, one of the worlds most important energy shipping routes, as the U.S.-Iran...

Lebanon Lawyers Seek Probe Into Banker Over Alleged Netanyahu Dinner in Washington

A group of Lebanese lawyers has filed a legal complaint urging the countrys top prosecutor to investigate prominent banker Antoun Sehnaoui over allegations that he co-hosted a dinner in Washington attended by Israeli Prime...

U.S. Launches Air Strikes on Iran After Alleged Missile Attack on American Forces

The United States launched air strikes against targets in Iran on Wednesday night, marking a sharp escalation in tensions across the Middle East following what Washington described as an attempted Iranian attack on U.S....

New Jewish-Arab Party Seeks Young Voters Ahead of Israel Election Amid Debate Over Arab Vote

A newly formed Jewish-Arab political party is aiming to attract younger voters ahead of Israels October 27 parliamentary election, but critics argue its emergence could divide the Arab vote and strengthen Prime Minister...

Oman Proposes Strait of Hormuz Plan as U.S. Rejects Iran Shipping Fee Idea

Oman has presented Iran with a Gulf-backed proposal to help manage shipping through the Strait of Hormuz, including a system of voluntary contributions from vessels, according to Reuters sources. The initiative aims to...

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

Apple Q3 Earnings Beat as Record iPhone Sales Offset Services, China Weakness

Apple delivered stronger-than-expected fiscal third-quarter results, driven by record June-quarter iPhone sales that reinforced the strength of its core smartphone business. Despite the earnings beat, Apple shares fell...

Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer

Tamron (TYO:7740) confirmed Thursday that it has received a non-binding acquisition proposal from Sony (TYO:6758), following reports that the potential deal could be worth approximately 200 billion yen ($1.3 billion). The...

Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half

Samsung Electronics reported stronger-than-expected second-quarter earnings, driven by soaring demand for artificial intelligence (AI) memory chips as global investment in AI infrastructure continued to accelerate. For the...

Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest

Russia has formally charged Telegram founder Pavel Durov with facilitating terrorist activity, accusing the messaging platform of being used by Ukrainian intelligence services to recruit operatives and organize attacks...

Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit

Meta Platforms (NASDAQ: META) shares fell 8% in after-hours trading after the social media giant reported second-quarter earnings that missed Wall Street expectations and issued weaker-than-expected third-quarter revenue...