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FxWirePro: Sell GBP/JPY on rallies

Feb 12, 2018 07:13 am UTC| Technicals

GBP/JPY declined almost more than 600 pips from the previous week high of 155.54. The pair hits 1-1/2 month low at 148.88 and shown massive recovery. The pair recovered 183 pips from the low. It is currently trading around...

FxWirePro: USD/ZAR moves in rigid boundaries, faces strong resistance at 12.20 mark

Feb 12, 2018 07:08 am UTC| Technicals

USD/ZAR is currently trading around 11.94 levels. It made intraday high at 12.02 and low at 11.92 levels. Intraday bias remains bearish till the time pair holds key resistance at 12.20 mark. A daily close...

FxWirePro: NZD/JPY capped below 5-DMA at 79.16, minor upside like on break above

Feb 12, 2018 06:24 am UTC| Technicals

NZD/JPY is edging higher on the day as the kiwi remains supported by upbeat data. Better-than-expected Electronic Card Retail Sales for January which showed an uptick in consumer spending using credit cards boosts the...

FxWirePro: USD/CNY hovers around 6.30 mark, PBOC sets yuan mid-point at 6.3001

Feb 12, 2018 06:22 am UTC| Technicals

USD/CNY is currently trading around 6.3070 marks. It made intraday high at 6.3075 and low at 6.2849 levels. Intraday bias remains slightly bullish till the time pair holds key support at 6.2800 mark. A...

FxWirePro: Gold trades higher on Global Equity turmoil, good to buy on dips

Feb 12, 2018 06:02 am UTC| Technicals

Gold has been highly volatile for the past two trading session. The yellow metal formed a minor bottom at $1306.56. The commodity jumped till $1326.50 at the time of writing. It is current trading around $1323.52. The...

FxWirePro: AUD/JPY consolidates break below major trendline support, bias lower, stay short

Feb 12, 2018 05:44 am UTC| Technicals

AUD/JPY is consolidating break below major trendline support at 85.50, bias still lower. The pair is trading in a narrow range, we see doji formation which suggests some indecision. Downside has held above 84...

FxWirePro: Indian rupee trades marginally lower against U.S. dollar, India’s CPI data in focus

Feb 12, 2018 05:33 am UTC| Technicals

USD/INR is currently trading around 64.31 marks. It made intraday high at 64.38 and low at 64.24 marks. Intraday bias remains neutral till the time pair holds key support at 64.24 mark. Key resistances are...

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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...