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FxWirePro: Chinese yuan falls as trade balance data misses expectations, PBOC sets yuan mid-point at 6.7235

Mar 08, 2019 06:37 am UTC| Technicals

USD/CNY is currently trading around 6.7182 marks. It made intraday high at 6.7262 and low at 6.7141 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 6.7131 marks will...

FxWirePro: AUD/NZD bears travels through descending channel in minor trend, wedged in major trend – Trade tunnel spreads and short hedge

Mar 08, 2019 05:47 am UTC| Technicals

Weve already quoted AUDNZD swings getting wedged in between hammer and shooting stars, the minor trend has been developed in the sloping channel in this process. Weve also stated that most likely dragonfly doji mayprolong...

FxWirePro: USD/INR back above 70.00 mark, upside limited

Mar 08, 2019 05:33 am UTC| Technicals

USD/INR is currently trading around 70.06 marks. It made intraday high at 70.19 and low at 69.99 marks. Intraday bias remains bearish for the moment. Key resistances are seen at 70.20, 70.51, 70.68 and 70.85...

FxWirePro: USD/TWD hits fresh 2-month high at 30.93 mark, Taiwan’s CPI data in focus

Mar 08, 2019 04:21 am UTC| Technicals

USD/TWD is currently trading around 30.89 marks. It made intraday high at 30.93 and low at 30.88 marks. Intraday bias remains slightly bullish for the moment. A daily close above 30.90 will drag the parity...

FxWirePro: EURUSD hits fresh 20-month low on dovish ECB, dip till 1.0870 possible

Mar 08, 2019 03:58 am UTC| Technicals

EURUSD trades lower and lost more than 145 pips yesterday after dovish ECB monetary policy.The ECB has kept its rates unchanged as expected and announced some dovish policy measures. It has trimmed growth forecast from...

FxWirePro: USD/THB moves in stiff boundaries, stay neutral

Mar 08, 2019 03:31 am UTC| Technicals

USD/THB is currently trading around 31.81 marks. It made intraday high at 31.88 and low at 31.77 marks. Intraday bias remains neutral till the time pair holds key resistance at 31.92 mark. On the top side,...

FxWirePro: Gold trades steady despite strong dollar on global growth concern,good to buy above $1290

Mar 08, 2019 03:10 am UTC| Technicals

Gold is consolidating after hitting 5- week low of $1281 despite strong US dollar.The dollar gained against all majors after ECB trims its growth forecast. Gold was one the best performer in Jan and has jumped more than...

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Economy

US Stock Futures Rise as Trump’s Iran Talks Boost Market Sentiment Ahead of Key Earnings

U.S. stock index futures moved higher late Sunday after President Donald Trump announced that negotiations with Iran would begin on Monday, easing geopolitical concerns and lifting investor sentiment. The prospect of...

China Defends Industrial Policy Ahead of Key U.S. and EU Trade Talks

China is doubling down on its industrial-focused economic strategy as it prepares for high-stakes trade negotiations with the United States and the European Union, signaling little intention of making major policy changes...

UK Stock Market May Outperform if AI Bubble Bursts, Capital Economics Says

The U.K. stock market could prove more resilient than many global peers if the artificial intelligence (AI) investment boom reverses, according to Capital Economics, which argues that the FTSE 100 is better positioned than...

Trump Says Iran Talks to Begin as Strait of Hormuz Deal Nears, Oil Prices Fall

U.S. President Donald Trump said negotiations with Iran are scheduled to begin on Monday afternoon, signaling a possible breakthrough in efforts to reopen the Strait of Hormuz and reduce tensions in the Middle East....

US Signals More Joint Yen Intervention With Japan if Currency Volatility Continues

The United States is prepared to join additional coordinated foreign exchange intervention with Japan if excessive volatility in the yen continues, U.S. Treasury Secretary Scott Bessent said on Sunday, reinforcing...

Politics

Russian Border Drone Strike Kills Child in Belgorod, Injures Two Others

A Ukrainian drone strike in Russias Belgorod region killed a 13-year-old girl and injured two other children on Sunday, according to local Russian officials. The incident occurred near a playground in the border village of...

Israel Strikes Gaza as Trump Ceasefire Push Faces Fresh Challenges

Israeli airstrikes killed at least 18 Palestinians across Gaza on Sunday, marking a second consecutive day of heavy bombardment despite U.S. President Donald Trumps announcement of progress toward implementing last years...

US Embassies Urge Americans to Leave Middle East as Iran Tensions Escalate

The United States has issued emergency security alerts across several Middle Eastern diplomatic missions, urging American citizens to consider leaving the region as tensions with Iran continue to rise. U.S. embassies in...

DOJ Subpoenas New York Times Freelancer Over North Korea Military Report

The U.S. Department of Justice has subpoenaed records belonging to freelance journalist Matthew Cole as part of an investigation into the sources behind a 2025 New York Times report detailing a failed U.S. military...

Capital One Says AML Review Led to Closure of Trump Organization Accounts

Capital One Financial has defended its decision to close hundreds of bank accounts linked to the Trump Organization, arguing in a court filing that the move followed an extensive anti-money laundering (AML) review rather...

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

SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation

Space Exploration Technologies Corp. (NASDAQ: SPCX) is set to release its first quarterly earnings report on August 4, but Bernstein believes investors should focus less on the financial results and more on managements...

AI Data Center Boom Faces New Risks as Public Backlash and Policy Scrutiny Grow

Public opposition to large-scale data center construction is rising sharply, creating new challenges for the artificial intelligence (AI) infrastructure boom, according to Wolfe Research. The firm identified growing voter...

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....
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