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FxWirePro: USD/DKK near 2-week low, outlook remains bearish

Aug 18, 2020 08:57 am UTC| Technicals

The Danish Krone surged to a 1-1/2 week peak as the greenback declined against a basket of currencies. The dollar index fell to an over 2-year low following a decline in benchmark U.S. 10-year government bond...

FxWirePro: Copper bounces off Wedge base support, set to resume upside

Aug 18, 2020 05:53 am UTC| Technicals

Copper chart - Trading View Copper has bounced off Wedge base support and was extending upside. Price action has broken above 5-DMA and is consolidating break above 20-DMA. Stochastics have turned bullish and RSI...

FxWirePro: EUR/JPY extends weakness for the 3rd straight session, slips below 5-DMA

Aug 18, 2020 05:34 am UTC| Technicals

EUR/JPY chart - Trading View EUR/JPY grinds lower for the 3rd straight session, overbought oscillators exert pressure. The pair was trading 0.18% lower at 125.60 at around 05:18 GMT after closing 0.30% lower in the...

FxWirePro: Gold trades higher on weak US dollar, jump till $2075 likely

Aug 18, 2020 05:28 am UTC| Technicals

Ichimoku Analysis (Daily Chart) Tenken-Sen- $1969 Kijun-Sen- $1933 Gold recovered sharply from a low of $1929 on a weak US dollar. The trade tension between the US and China and Buffet buying a big...

FxWirePro: NZD/USD extends sideways grind along 50-DMA, 'Bearish Divergence' keeps scope for downside

Aug 18, 2020 05:09 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD was trading 0.13% lower on the day at 0.6548 at around 04:55 GMT. The pair is extending sideways grind along 50-DMA support, decisive break below will see weakness. The pair is...

FxWirePro: AUD/USD trades in tight range, RBA minutes confirm policymakers’ dovish bias

Aug 18, 2020 04:15 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD was trading in a narrow range, consolidating previous sessions rise. Price action has slipped lower from session highs at 0.7230 and was hovering around 0.7222 at around 04:00...

FxWirePro: Major pair levels and bias summary

Aug 17, 2020 17:27 pm UTC| Technicals

Major pair levels and bias...

3261 3262 3263 3264 3265 3266 3267 3268 3269 3270

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...