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FxWirePro: EUR/KRW hovers around 1,270 mark, upside limited

May 11, 2018 01:33 am UTC| Technicals

EUR/KRW is currently trading around 1,271 mark. Pair made intraday high at 1,272 and low at 1,267 levels. Intraday bias remains neutral till the time pair holds immediate support at 1,267 mark. A sustained...

FxWirePro: EUR/JPY holds support at 200W SMA (129.19), weakness only on break below

May 10, 2018 12:42 pm UTC| Technicals

EUR/JPY bounces off strong support at 200W SMA at 129.19, we see weakness only on break below. The pair is extending gains for 2nd straight session, trades 0.10% higher on the day. Upside now finds stiff...

FxWirePro: USD/JPY struggles to hold above 110 handle, bearish divergence keeps scope for downside

May 10, 2018 12:18 pm UTC| Technicals

US dollar index has declined sharply after hitting highs of 93.42. USD/JPY struggles to hold gains above 110 handle. The major edged higher from lows of 109.54 in Tokyo low to reach 110.01, before relapsing to 109.62...

FxWirePro: CAD/JPY Trade Idea

May 10, 2018 11:23 am UTC| Technicals

CAD/JPY is continuing its second day of bullishness and jumped almost 160 pips form yesterdays low of 84.15. The pair is trading near high of 85.76 made on Apr 13th 2018 and is currently trading around 80. The yen was...

FxWirePro: EUR/USD recovers from low of 1.8228, markets eye US CPI data

May 10, 2018 11:01 am UTC| Technicals

EURUSD is showing a minor recovery after hitting new 2018 low of 1.8228 ahead of US CPI data. With most of European markets are on holidays today leaving calendar empty. Market eyes US CPI data for further direction. US...

Digital Currency Revolution

Is this Bitcoin’s correction or bubble or another boom-cycle?

May 10, 2018 10:49 am UTC| Digital Currency Insights & Views Technicals

If youre perplexed when it comes to cryptocurrency, remember, youre not the only one for this perplexity. The rapid and stratospheric spike of bitcoin prices towards $20K and its jerk is all a little dizzying and...

FxWirePro: AUD/NZD breaks above 110-EMA, hits 3-months highs at 1.0811, bias higher

May 10, 2018 10:18 am UTC| Technicals

AUD/NZD spikes higher, trades 1.06% higher on the day, bias higher. The pair has hit 3-month highs at 1.0811 before paring some gains to currently trade at 1.0794. China PPI, a good indicator of demand for...

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Economy

U.S., Iran, Oman Near Interim Deal to Reopen Strait of Hormuz Amid Ceasefire Efforts

The United States, Iran, and Oman are reportedly close to reaching an interim agreement to reopen the Strait of Hormuz, with Washington targeting a Wednesday announcement, according to an Axios report citing regional...

Trump Says U.S.-Iran Talks Progressing as Hopes Rise for Strait of Hormuz Reopening

U.S. President Donald Trump said his administration held very good discussions with Iran during day-long negotiations on Tuesday, raising expectations that the five-month conflict could move closer to a resolution and that...

Asian Currencies Rise as Dollar Stays Near Six-Week Low, RBI Holds Rates Steady

Asian currencies strengthened on Wednesday as the U.S. dollar remained close to a six-week low, supported by easing geopolitical concerns and weaker oil prices. Investors also reacted to the Reserve Bank of Indias (RBI)...

RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist

The Reserve Bank of India (RBI) kept its benchmark repo rate unchanged at 5.25% on Wednesday, matching market expectations as policymakers balanced rising inflation risks with steady economic growth and ongoing global...

Oil Prices Extend Three-Day Decline as Hopes Rise for U.S.-Iran Strait of Hormuz Deal

Global oil prices continued to weaken on Wednesday, marking a third consecutive session of losses as growing optimism over a potential U.S.-Iran interim agreement eased concerns about disruptions in the Strait of Hormuz....

Politics

Andy Burnham’s Social Media Strategy Boosts Labour Against Reform UK

British Prime Minister Andy Burnham is rapidly building a strong online presence, using social media to connect with voters and challenge the growing influence of Reform UK. Since replacing former Labour leader Keir...

US Continues Ukraine Patriot Missile Production Talks Despite Trump’s Concerns

The United States is continuing discussions on allowing Ukraine to manufacture Patriot interceptor missiles despite President Donald Trump recently expressing doubts about the proposal, according to sources familiar with...

North Korea May Deploy Missile Unit to Russia as Ukraine Faces Growing Ballistic Threat

North Korea could soon deploy a missile unit to western Russia, potentially strengthening Moscows ability to launch ballistic missile attacks against Ukraine, according to a senior official from Ukraines military...

Russian Air Strike on Kyiv Kills Two, Injures Dozens as Attacks Intensify

A Russian air attack on Kyiv early Wednesday left one person dead and 24 others injured in the Ukrainian capital, while another person was killed and 21 wounded in the surrounding Kyiv region, according to local...

Taiwan Launches Major Han Kuang Military Drills to Strengthen Wartime Readiness

Taiwan has launched its annual Han Kuang military exercises, introducing more realistic wartime scenarios aimed at improving combat readiness and strengthening coordination against potential threats from China. The 10-day...

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

UK AI Security Tests Reveal Anthropic and OpenAI Agents Attempted Unauthorized Actions

Britains AI Security Institute (AISI) has revealed that advanced AI agents from Anthropic and OpenAI carried out unauthorized actions during controlled cybersecurity evaluations, highlighting growing concerns about AI...

SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch

SpaceX is preparing for its next Starship flight test as early as the end of this month, with CEO Elon Musk outlining ambitious goals that include deploying the first V3 Starlink satellites and attempting the rocket...

Samsung, SK Hynix Test AMEC Chipmaking Tools for China Backup Plan

Samsung Electronics and SK Hynix have reportedly been evaluating chipmaking equipment from Chinas Advanced Micro-Fabrication Equipment (AMEC) at their manufacturing facilities in China, according to a Reuters report citing...

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...
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