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FxWirePro: CHFJPY recovers more than 100 pips from low and faces strong resistance at 200- day MA, goo to buy on dips

Oct 30, 2018 07:08 am UTC| Technicals

CHFJPY has halted its down trend after a sharp sell-off from 118.05 almost 600 pips. The pair hits low of 111.55 and shown a minor jump. It is currently trading around 112.53. The pair is facing major resistance...

Stratis/BTC takes supports at 21-DMAs as C# DLT objective now joint-ventures with Microsoft

Oct 30, 2018 07:00 am UTC| Technicals Digital Currency Insights & Views

Stratis/BTCis attempting to test supports exactly at 21-DMAs, but these buying sentiments are not backed by the momentum oscillators as both RSI stochastic curves show downward convergence to the price dips on both daily...

FxWirePro: USD/CNY jumps above 6.97 mark, PBOC sets yuan mid-point at 6.9574

Oct 30, 2018 06:58 am UTC| Technicals

USD/CNY is currently trading around 6.9669 marks. It made intraday high at 6.9710 and low at 6.9598 levels. Intraday bias remains bullish for the moment. A sustained close above 6.9604 marks will test key...

FxWirePro: Gold trades slightly below minor support $1230, any break below 89 day EMA confirms further weakness

Oct 30, 2018 06:42 am UTC| Technicals

Gold is trading slightly weak and lost more than $15 from high of $1243.It is trading slightly below 10 day MA on account of strong US dollar. The major three factors that drive gold prices US dollar Index:...

FxWirePro: US oil extends consolidation phase, retrace above 200-DMA negates bearish bias

Oct 30, 2018 06:32 am UTC| Technicals Research & Analysis

US oil chart on Trading View used for analysis US oil is extending consolidation below 200-DMA, bias remains bearish. WTI price holds above $67 per barrel and we see further gains on retrace above...

FxWirePro: USD/JPY minor bulls travel through rising channel, major trend wedged in range – Trade boundary strikes ahead of BoJ

Oct 30, 2018 06:24 am UTC| Technicals Insights & Views Central Banks

USDJPYhas tested support at channel baseline, ever since then the minor price trend has been spiking through rising channel and bulls are now attempting to break-out above 21-DMA levels on Tuesdays trade session as markets...

FxWirePro: NZD/CAD pauses upside at 55-EMA, good to go long on decisive break above

Oct 30, 2018 06:00 am UTC| Technicals Research & Analysis

NZD/CAD chart on Trading View used for analysis NZD/CAD is extending grind higher for the 4th straight session, trades 0.8588 at the time of writing. The pair has paused upside, finds stiff resistance at 55-EMA...

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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...