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USDCAD trades below major trend line support, dip till 1.3000 likely

Oct 25, 2019 11:28 am UTC| Technicals

Major support - 13020 USDCAD continues to trade lower for 2nd consecutive week and declined more than 250 pips on account of broad-based dollar selling. DXY was trading weak due to dismal US economic data such as...

FxWirePro: EUR/SEK off 1-month low on Swedish mix economic data, major resistance at 21-EMA

Oct 25, 2019 09:58 am UTC| Technicals

The Swedish Krona eased after rising to a 1-month peak in the previous session on Riksbanks interest rate decision. On Thursday, Swedens central bank left its key repo rate unchanged at -0.25 percent, as widely...

FxWirePro: USD/TRY breaks above 21-EMA, jump till 5.7950 likely

Oct 25, 2019 09:29 am UTC| Technicals

The Turkish Lira eased, drifting further away from a 2-1/2 week peak hit earlier in the week, despite better than expected business confidence and capacity utilization. Turkeys manufacturing confidence index rose...

FxWirePro: USD/NOK finds support at 20-EMA, good to buy on dips

Oct 25, 2019 08:59 am UTC| Technicals

The Norwegian Krone retreated from a 10-day peak as the dust settled on Norges Bank interest rate decision. On Thursday, Norways central bank held its benchmark interest rate at 1.5 percent, as expected, following a...

FxWirePro: USDJPY Daily Outlook

Oct 25, 2019 07:45 am UTC| Technicals

Major Intraday support- 108.25 USDJPY is trading flat between 108.93 and 108.24 for the past 5 trading days. It has formed a minor bottom around 106.48 and jumped more than 200 pips on easing trade tension which has...

FxWirePro: USD/CAD breaks down double top neckline in minor trend, can bears breach below uptrend in major trend? Stay short hedged

Oct 25, 2019 07:40 am UTC| Technicals

Technical Chart and Candlestick Patterns:BothUSDCADminor and major trends have been edgy. Hanging man followed by bearish engulfing pattern at peaks of rallies (at 1.3331 and 1.3285 levels respectively) forms double top...

FxWirePro: Gold recovers slightly above $1500 on weak economic data, good to buy on dips

Oct 25, 2019 06:54 am UTC| Technicals

Gold recovered slightly above $1500 after weaker than expected US economic data. US durable good orders came at -1.1% in Sep compared to an estimate of -0.5% and business investment declined for 2nd consecutive month. The...

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Economy

South Korea Exports Surge 62.8% in July on AI Chip Demand

South Koreas exports posted stronger-than-expected growth in July, fueled by robust global demand for semiconductors and AI-related technology, reinforcing the countrys position as a major beneficiary of the artificial...

U.S. Treasury Joins Japan in Yen Intervention as Currency Nears 40-Year Lows

The U.S. Treasury reportedly stepped into currency markets on Friday by buying Japanese yen, joining Japans efforts to stabilize the currency after it weakened to levels close to a four-decade low. According to a Financial...

Gold Ends July Higher as Weaker Dollar Offsets Fed Inflation Concerns

Gold prices posted modest monthly gains in July, supported by a weaker U.S. dollar and the Federal Reserves decision to keep interest rates unchanged. However, renewed inflation concerns fueled by rising oil prices limited...

Dollar Posts Worst Monthly Loss Since April as Fed Uncertainty and Yen Intervention Shake FX Markets

The U.S. dollar ended July with its weakest monthly performance since April, as growing doubts over the Federal Reserves commitment to controlling inflation weighed on the currency and fueled a sharp sell-off in U.S....

US Jobs Report, Fed Outlook, and Big Tech Earnings Put Stock Market in Focus

U.S. stock market investors are preparing for another volatile week as the July jobs report, key corporate earnings, and Federal Reserve policy expectations shape market sentiment. While the SP 500 ended the week higher,...

Politics

Ukraine Protests Grow Over Zelensky’s Dismissal of Defence Minister Mykhailo Fedorov

Thousands of Ukrainians marched through central Kyiv on Friday, intensifying pressure on President Volodymyr Zelensky to reinstate former Defence Minister Mykhailo Fedorov, whose unexpected dismissal has sparked growing...

Peru Court Frees Former President Ollanta Humala After Conviction Overturned

Former Peruvian President Ollanta Humala was released from prison on Friday after Perus Constitutional Court overturned his 15-year conviction for money laundering, marking a significant development in one of the countrys...

White House: No Weaponized Drones Seized at FIFA World Cup Venues Despite 700 Recoveries

U.S. officials said no weaponized drones were recovered at FIFA World Cup stadiums or fan zones despite authorities intercepting around 700 drones during the tournament, underscoring that most incidents involved...

Trump Says U.S. ICC Campaign Aims to Protect Netanyahu, Not Himself

U.S. President Donald Trump said on Friday that the United States campaign against the International Criminal Court (ICC) is focused on protecting Israeli Prime Minister Benjamin Netanyahu and other officials from...

Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight

Warner Bros. Discovery (NASDAQ: WBD) shares climbed 3% on Friday, while Paramount Global gained 1.6%, after a Wall Street Journal report suggested California Governor Gavin Newsom is concerned that the states antitrust...

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

T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger

Senior executives at T-Mobile US have reportedly told parent company Deutsche Telekom that they do not support a proposed $300 billion merger between the two companies, citing shareholder resistance and potential...

Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations

Roblox Corp. (NYSE: RBLX) shares plunged about 16% in premarket trading after the gaming platform reported mixed second-quarter 2026 results and issued weaker-than-expected third-quarter bookings guidance, raising concerns...

Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat

Apple (NASDAQ: AAPL) shares fell more than 7% in premarket trading after the tech giant issued weaker-than-expected guidance for the September quarter, overshadowing better-than-anticipated quarterly earnings and revenue....

Sony Raises Full-Year Outlook After Q1 Profit Jumps 40% on Gaming and Chip Growth

Sony Group (TYO: 6758) delivered a strong start to its fiscal 2026, reporting a 40% year-over-year increase in first-quarter operating profit and raising its full-year earnings outlook, fueled by robust performance in its...

Anthropic Reveals Claude AI Accessed Real Production Systems During Cybersecurity Tests

Anthropic disclosed on Thursday that its Claude artificial intelligence models gained unauthorized access to the production systems of three organizations during internal cybersecurity evaluations after a testing...