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FxWirePro: EUR/KRW remains well supported above 1,300 mark, further sideways movement likely

Sep 17, 2018 01:20 am UTC| Technicals

EUR/KRW is currently trading around 1,305 mark. Pair made intraday high at 1,305 and low at 1,302 levels. Intraday bias remains neutral till the time pair moves in stiff boundaries from 1,298 to 1,315...

FxWirePro: Turkish lira responds to CBRT despite apprehensions of President Erdogan – Stay away from longs but uphold long hedge

Sep 14, 2018 13:44 pm UTC| Research & Analysis Central Banks Technicals Insights & Views

The lira surged back nicely yesterday after the central bank hiked rates sharply (by 625bps to 24%). The central bank strongly asserted its independence despite President Recep Tayyip Erdogan criticising the bank again and...

FxWirePro: BTC/EUR bulls struggle to gain traction, break above 21-EMA could see minor upside

Sep 14, 2018 12:48 pm UTC| Digital Currency Technicals

Analysts believe that the crypto market has bottomed and now the recovery is on the way. But the technical picture is mixed and not completely supportive of the upside. BTC/EUR trades largely unchanged on the day...

FxWirePro: GBP/AUD consolidates break above major trendline resistance, bias higher, stay long

Sep 14, 2018 12:08 pm UTC| Technicals

GBP/AUD is consolidating break above major trendline resistance at 1.8070. The pair finds stiff resistance at 200W SMA at 1.8348, we see further upside on break above. Scope then for test of 50% Fib at 1.90 ahead...

FxWirePro: CHF/JPY trade idea

Sep 14, 2018 12:06 pm UTC| Technicals

Overall trend : Bullish Ichimoku Analysis (daily chart) Tenken-sen- 114.94 Kijun-Sen- 113.35 Trend reversal level (intra day)- 116.27 (161.8% fib) As per our analysis CHF/JPY was trading higher...

FxWirePro: EUR/CAD momentary bulls backed by both momentum and trend, major uptrend struggles for momentum despite rising channel formation

Sep 14, 2018 12:05 pm UTC| Technicals

EURCADbulls jump above DMAs with bullish crossover, the stiff resistance is observed at 1.5214 levels. Bulls are shrugging off shooting star occurrence at 1.5174 levels, the demand and supply zone at 1.5214 levels is seen...

FxWirepro: USDCAD hits 2 week high on slightly weaker than expected US CPI and broad based dollar selling, good to sell on rallies

Sep 14, 2018 11:59 am UTC| Technicals

USDCAD is trading weak and hits 2 week low as investor are optimistic on trade talks between US and Canada. New housing price index data at 0.1% gained for second staright month. Buy US inflation came at slightly weaker...

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Economy

India Plans Tax Reforms to Boost Foreign Investment and Manufacturing

Indias government is preparing a new package of tax reforms designed to attract foreign investment and strengthen the countrys manufacturing sector, according to a Bloomberg News report citing people familiar with the...

Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning

Japans Economy Minister Minoru Kiuchi said consumer price increases remain moderate despite ongoing geopolitical tensions in the Middle East, suggesting that inflationary pressures are still under control even as the Bank...

Asian Currencies Mixed as Yen Retreats, Traders Eye U.S.-Iran Talks and Fed Data

Asian currencies traded in mixed fashion on Tuesday as investors remained cautious over conflicting signals surrounding potential U.S.-Iran negotiations, while attention shifted to a busy week of U.S. economic data that...

Asian Stocks Rise as AI Optimism Returns, Australia Hits Record High Ahead of RBI Decision

Asian stock markets traded mostly higher on Tuesday as investors cautiously returned to technology stocks after Julys AI-driven selloff, while Australias strong gains helped offset weakness in Japan and Hong Kong. Improved...

25 Democratic-Led States Sue Trump Administration Over New Global Tariffs

A coalition of 25 Democratic-led U.S. states has filed a lawsuit challenging President Donald Trumps latest round of global tariffs, arguing that the administration exceeded its legal authority by imposing broad import...

Politics

Trump Urges Exxon, Chevron to Cut Gas Prices After Record Oil Profits

U.S. President Donald Trump criticized ExxonMobil and Chevron for earning massive profits from elevated oil prices, urging the energy giants to lower fuel costs and return some of their gains to American consumers....

Brown University President Christina Paxson to Step Down After Clashes With Trump Administration

Brown University President Christina Paxson announced on Monday that she will step down at the end of the current academic year, concluding a tenure marked by major challenges, including a high-profile dispute with...

US Supreme Court Lets $655.5 Million Judgment Against Palestinian Authorities Stand During Appeal

The U.S. Supreme Court declined to temporarily block a $655.5 million judgment against the Palestinian Authority (PA) and the Palestine Liberation Organization (PLO), allowing the damages award to remain in effect while...

North Korea Rejects U.S. Cyber Threat Claims, Slams Allied Warning

North Korea has dismissed recent accusations by the United States and its allies over alleged cyber activities, calling them politically motivated and aimed at justifying pressure on sovereign nations. According to state...

US State Department Plans to Close Five Foreign Missions in Global Diplomatic Restructuring

The U.S. State Department has informed Congress that it intends to close five overseas diplomatic missions as part of a broader effort to streamline Americas diplomatic network under the Trump administration, according to...

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

Apple Restores Telegram to App Store After Content Policy Violation

Apple briefly removed Telegram from its App Store after a review found content that violated its App Store guidelines prohibiting child sexual abuse material (CSAM), the company confirmed on Monday. The messaging platform...

SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal

SK Hynix and representatives of one of its South Korean labor unions resumed negotiations on Tuesday, holding a fifth round of talks over the semiconductor companys employee bonus structure at its Cheongju manufacturing...

Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook

Palantir Technologies (NASDAQ: PLTR) surged in after-hours trading on Monday after reporting stronger-than-expected second-quarter earnings and raising its full-year 2026 guidance, fueled by accelerating demand for its...

Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum

Chinese artificial intelligence startup Vast is reportedly exploring a potential initial public offering (IPO) in Hong Kong, signaling growing investor interest in Chinas fast-expanding AI sector. According to a Bloomberg...

Telegram Restored on Apple App Store After Temporary Removal

Telegram has confirmed that its messaging app is once again available on Apples App Store after users briefly encountered an unexpected outage that removed the app listing. The company announced on Monday that the issue...
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