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FxWirePro: USD/SGD hits fresh 2-week high at 1.3564 mark, stay bullish

Feb 07, 2019 02:28 am UTC| Technicals

USD/SGD is currently trading around 1.3562 marks. It made intraday high at 1.3564 and low at 1.3553 levels. Intraday bias remains bullish till the time pair holds key support at 1.3500 mark. A daily close...

FxWirePro: EUR/KRW moves directionless since four months, futher sideways movement likely

Feb 07, 2019 01:56 am UTC| Technicals

EUR/KRW is currently trading around 1,275 mark. It made intraday high at 1,275 and low at 1,273 levels. Intraday bias remains neutral till the time pair holds key support at 1,268 mark. A sustained close...

FxWirePro: Kiwi trades marginally lower in early Asia as employment data misses expectations

Feb 07, 2019 01:22 am UTC| Technicals

AUD/NZD is currently trading around 1.0502 marks. Pair made intraday high at 1.0510 and low at 1.0480 marks. Intraday bias remains slightly bullish for the moment. A sustained close above 1.0511 will drag...

FxWirePro:S&P500 upside capped by 200-day MA, any break above targets 2820

Feb 06, 2019 17:59 pm UTC| Technicals

SP500 is trading flat after continuous 6 day of jump on slightly weaker than corporate earnings from videogame markers but technology companies jump preventing index from fall. The index is trading higher in Feb after 7.9%...

FxWirePro: Gold’s Tug of War Between Hammer and Shooting Stars – Trade Tunnel Spreads and Long Hedge

Feb 06, 2019 14:34 pm UTC| Technicals Insights & Views

Technical glance:Gold (XAUUSDprice) has continued to sense selling sentiments after shooting star formation at $1,321.23 levels, hammer patterns have occurred at $1,280.95 and $1,282.54 levels (on daily plotting)....

FxWirePro: USD/CHF Trade Idea

Feb 06, 2019 13:07 pm UTC| Technicals

Major resistance- 1.0010 USDCHF is trading higher for 3rdconsecutive day and jumped nearly 90 pips from the low. DXY is rebounding after better than expected US Non farm payroll data. But US and China trade talks...

EURAUD trades well above trend line resistance jump till 1.6150 likely

Feb 06, 2019 12:58 pm UTC| Technicals

EURAUD is trading higher and has jumped more than 200 pips after dovish comments by RBA Governor Lowe.The pair has broken major trend line resistance 1.5940 and jumped till 1.59939 at the time of writing. It is currently...

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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

DOJ Rescinds Anti-Weaponization Fund Ahead of Todd Blanche Senate Confirmation Vote

The U.S. Justice Department has rescinded an order establishing the controversial Anti-Weaponization Fund just days before the Senate Judiciary Committee is set to consider Todd Blanches nomination for attorney general, a...

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...

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...