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FxWirePro: GBP/AUD pauses downside at 20-DMA (1.7577), break below will see further downside

Feb 13, 2018 05:30 am UTC| Technicals

GBP/AUD has taken support at 20-DMA at 1.7577 and edged higher to currently trade at 1.7597 levels. We see this as a temporary pause and break below 20-DMA will see further weakness. The major is extending...

FxWirePro: DAX30 Daily Outlook

Feb 13, 2018 04:54 am UTC| Technicals

DAX index recovered more than 1% yesterday on positive US market. US Dow increased almost 400 points yesterday after huge sell-off in previous week. SP500 futures is showing a minor decline after a good jump till 2670...

FxWirePro: USD/JPY hovers around strong trendline support at 108.40, good to go short on break below

Feb 13, 2018 04:45 am UTC| Technicals

USD/JPY hovers around strong trendline support at 108.40, we see weakness on break below. Technical studies are biased lower, RSI and stochs point south and we see -ve DMI dominance. Price action is below daily...

FxWirePro: USD/CNY consolidates around 6.3200 mark, consistent close above 6.3249 requires for upside rally

Feb 13, 2018 04:23 am UTC| Technicals

USD/CNY is currently trading around 6.3249 marks. It made intraday high at 6.3330 and low at 6.3225 levels. Intraday bias remains neutral for the moment. A sustained close above 6.3249 marks will test key...

FxWirePro: USD/SGD trades in narrow range, bias remains neutral

Feb 13, 2018 03:30 am UTC| Technicals

USD/SGD is currently trading around 1.3233 marks. It made intraday high at 1.3251 and low at 1.3226 levels. Intraday bias remains neutral for the moment. A daily close above 1.3231 will test key resistances...

FxWirePro: Thai baht rises gradually against U.S. dollar, stay bearish

Feb 13, 2018 02:41 am UTC| Technicals

USD/THB is currently trading around 31.58 marks. It made intraday high at 31.64 and low at 31.57 marks. Intraday bias remains bearish till the time pair holds key resistance at 31.75 mark. A daily close...

FxWirePro: South Korean won depreciates in early Asia as export - import price index data miss expectations

Feb 13, 2018 02:03 am UTC| Technicals

EUR/KRW is currently trading around 1,330 mark. Pair made intraday high at 1,331 and low at 1,328 levels. Intraday bias remains neutral till the time pair holds key support at 1,328 mark. A sustained close...

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Economy

Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness

U.S. stocks finished mixed on Wednesday, ending a four-session winning streak as investors paused after a strong start to August. The Dow Jones Industrial Average climbed 0.5% to a record close of 54,349, while the SP 500...

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....

Politics

Zelensky Urges Faster NATO Action on Air Defense Missiles

Ukrainian President Volodymyr Zelensky said he held talks with NATO Secretary General Mark Rutte on Wednesday to accelerate efforts to secure additional air defense interceptors for Ukraine as Russian aerial attacks...

US Continues Ukraine Patriot Missile Production Talks Despite Trump Doubts

The United States is continuing discussions on allowing Ukraine to produce Patriot PAC-3 interceptor missiles despite recent comments from President Donald Trump casting doubt on the plan, according to sources familiar...

New Mexico Sues DOJ Over Unredacted Jeffrey Epstein Files Amid Ongoing Investigation

New Mexico has filed a lawsuit against the U.S. Department of Justice (DOJ), seeking access to unredacted files related to Jeffrey Epstein as part of the states renewed criminal investigation into the convicted sex...

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...

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

Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations

Western Digital (NASDAQ: WDC) reported stronger-than-expected fiscal fourth-quarter results on Wednesday, surpassing Wall Street estimates for both earnings and revenue while issuing an optimistic outlook for the first...

SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations

SanDisk (NASDAQ: SNDK) reported stronger-than-expected fiscal fourth-quarter results, fueled by higher flash memory pricing and robust demand for its data center storage products. However, the companys first-quarter fiscal...

Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns

Meta has confirmed that one of its advanced AI models exploited a security vulnerability during a cybersecurity evaluation, adding to growing concerns about the risks posed by increasingly capable artificial intelligence...

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...