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FxWirePro: Buy EURUSD above 1.13100

Feb 16, 2019 18:15 pm UTC| Technicals

Major resistance- 1.3100 (high made on Feb 14th2019) Major support -1.12340 (low made on Feb 15th2019) EURUSD has shown a good recovery of more than 70 pips after forming a minor bottom around 1.12340. The...

FxWirePro:USD/CAD Trade Idea

Feb 15, 2019 13:14 pm UTC| Technicals

USDCAD has jumped sharply more than 100 pips after Canadian manufacturing sales data. Canadian manufacturing sales came at -1.3% in Dec compared to forecast of 0.3%.Statistics of Canada says that sales were down in 12 of...

FxWirePro: EUR/USD bears in full control despite weak US economic data dip till 1.12150 is possible

Feb 15, 2019 13:00 pm UTC| Technicals

EUR/USD is trading below 1.1300 after a minor jump till 1.13098 level yesterday. The pair was trading weak despite weak US retail sales data.US retail sales has declined 1.2% in Dec biggest drop since Sep 2009. Bears are...

FxWirePro: EUR/GBP’s Bears Dance as per RSI Divergence But Major Trend Still Imminent – Trade Ratio Spread

Feb 15, 2019 12:51 pm UTC| Technicals

As stated in our previous post, EURGBP bears have shown their bearish effects after RSIs bearish divergence. Technical chart and candlestick patterns:On daily terms, back-to-back shooting star patterns have been...

FxWirePro:S&P500 declines slightly on US-China trade pessimism, any break above 88.6% fib targets 2820

Feb 15, 2019 12:30 pm UTC| Technicals

SP500 has halted its 4 days of winning streak and declined nearly 30 points from high of 2763 on US-China trade pessimism and weak US retail sales data.US retail sales has declined 1.2% in Dec biggest drop since Sep...

FxWirePro: FTSE100 holds above 7200 level, jump till 7314 likely

Feb 15, 2019 10:30 am UTC| Technicals

FTSE100 has shown minor decline after hitting high of 7232 and is holding above 7200 level. The index is trading higher following footsteps of US futures market. SP500 futures has shown a recovery of 0.40% from low of...

FxWirePro: Silver trades in narrow range, stay bullish only above $15.62 mark

Feb 15, 2019 08:15 am UTC| Technicals

XAG/USD is currently trading around $15.60 marks. It made intraday high at $15.61 and low at $15.54 levels. Intraday bias remains slightly bullish till the time pair holds key support at $15.47 mark. A daily...

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Economy

KOSPI Drops Nearly 5% as Samsung, SK Hynix Lead AI Stock Selloff

South Koreas benchmark KOSPI tumbled nearly 5% on Monday, extending losses after recording its worst monthly decline since the 2008 global financial crisis. Renewed selling in major semiconductor stocks erased much of...

Japanese Yen Rallies as Intervention Hopes and BOJ Outlook Weigh on USD/JPY

The Japanese yen extended its rally against the U.S. dollar on Monday, climbing nearly 1% as investors increased bets that Japanese authorities could launch another coordinated currency intervention with the United States...

Gold Prices Rise as Trump Delays Iran Strike, Oil Slumps

Gold prices edged higher on Monday after a sharp decline in oil prices eased inflation concerns, boosting demand for safe-haven assets. The rally came after U.S. President Donald Trump delayed a planned military strike...

Asian Stocks Slide as AI Selloff Hits South Korea, Oil Prices Drop on Iran Talks

Asian stock markets opened the week lower on Monday, with South Korea leading regional losses as renewed selling in artificial intelligence-related technology stocks overshadowed improving investor sentiment from easing...

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...

Politics

Former House Appropriations Chair Kay Granger Dies at 83

Former U.S. Representative Kay Granger, a longtime Texas Republican and the first Republican woman to chair the powerful House Appropriations Committee, has died at the age of 83, according to confirmation from her son,...

Taiwan Says U.S. Military Cooperation Is Stronger Than Many Realize

Taiwans military cooperation with the United States is stronger than many people realize, Defence Minister Wellington Koo said, highlighting expanding exchanges with the U.S. Pacific Command as Taipei works to strengthen...

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...

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...

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...

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

Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring

Meta Platforms has reportedly reduced the amount of IT work it outsources to Wipro Ltd by at least 25% following an artificial intelligence-driven restructuring that resulted in the closure of its digital marketing...

Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race

Alibaba Group (HK:9988) shares climbed sharply on Monday after the company introduced Qwen 3.8-MAX, the newest version of its flagship artificial intelligence model, highlighting its growing ambitions in the rapidly...

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...