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FxWirePro: EUR/JPY trades below strong support at 129.55, scope for further downside

Mar 23, 2018 09:52 am UTC| Technicals

EUR/JPY extends weakness below 200-DMA, trades 0.20% lower on the day at 129.28 levels. The pair has broken strong trendline support at 129.55, raises scope for further downside. RSI is showing weakness below 50...

FxWirePro: USD/CAD forms Bullish engulfing pattern, good to buy on dips

Mar 23, 2018 09:42 am UTC| Technicals

Candle stick pattern- Bullish Engulfing. USD/CAD has shown a good recovery after hitting low of 1.28298 yesterday. Canadian dollar has shown a good jump on Wednesday on optimism for NAFTA deal. Global trade war is...

FxWirePro: GBP/AUD hovers around major trendline resistance 1.8295, further gains only on decisive break above

Mar 23, 2018 08:56 am UTC| Technicals

GBP/AUD is trading in a Rising Wedge pattern and price currently hovers around Wedge Top at 1.8295. Technical indicators are biased higher. RSI has edged above 70 levels and momentum studies are bullish. We see...

FxWirePro: NZD/CHF extends weakness below 100-DMA, bias lower, stay short

Mar 23, 2018 07:48 am UTC| Technicals

NZD/CHF has edged higher from session lows at 0.6821, is trading largely muted on the day. The pair is extending break below 100-DMA, targets trendline support at 0.6760. Technical studies are bearish, the pair...

FxWirePro: GBP/JPY struggles to close below 200- day MA, close below targets 145

Mar 23, 2018 07:36 am UTC| Technicals

GBP/JPY declined more than 200 pips yesterday on account sudden jump in Yen due to increase of safe haven demand. Yen jumped yesterday after US President imposes trade tariff for 100 products on China. The pair hits low of...

FxWirePro: USD/TRY spikes up to record high at 4.0345 mark, intraday bias remains bullish

Mar 23, 2018 07:21 am UTC| Technicals

USD/TRY is currently trading at 3.9648 levels. It made intraday high at 4.0345 and low at 3.9644 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 3.9056...

FxWirePro: USD/ZAR remains well supported above 11.70 mark, consistent close below requires for downside rally

Mar 23, 2018 07:00 am UTC| Technicals

USD/ZAR is currently trading around 11.83 levels. It made intraday high at 11.89 and low at 11.78 levels. Intraday bias remains neutral till the time pair holds key support at 11.70 mark. A daily close...

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Economy

German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens

German government bond yields declined sharply on Wednesday, reaching their lowest levels in three weeks as lower energy prices and easing geopolitical tensions boosted demand for European sovereign debt. The rally follows...

UK Services PMI Returns to Growth in July as New Orders and Confidence Rebound

Britains services sector returned to expansion in July as stronger domestic demand and improving business confidence lifted activity, according to the latest SP Global UK Services Purchasing Managers Index (PMI). The final...

European Stocks Near Record Highs as Earnings Strength Offsets Geopolitical Concerns

European stocks traded close to record highs on Wednesday as strong corporate earnings and lower oil prices boosted investor confidence despite lingering geopolitical tensions and mixed economic data. The pan-European...

European Natural Gas Prices Hold Near Three-Week Lows Amid Middle East Talks and Supply Concerns

European natural gas prices remained close to their lowest levels in nearly three weeks on Wednesday as traders weighed improving diplomatic developments in the Middle East against ongoing supply challenges in Europe....

BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow

Bank of Japan (BOJ) policymakers discussed the need for additional interest rate hikes as inflationary pressures continue to build, according to minutes from the central banks June policy meeting released on Wednesday. The...

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...

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...

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...

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

Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth

Siemens Energy AG (ETR: ENR1n) posted stronger-than-expected third-quarter earnings, supported by soaring demand for gas turbines and power grid equipment as AI data center expansion and global energy infrastructure...

Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales

Infineon Technologies lifted its full-year 2026 revenue and adjusted free cash flow forecasts after reporting record third-quarter sales, driven by strong demand for AI data center power chips. The German semiconductor...

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...