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FxWirePro: AUD/CAD hovers around 100-DMA at 0.9797, break below to see further weakness

Feb 09, 2018 08:14 am UTC| Technicals

The pair has broken major trendline support at 0.9825, is currently struggling to break below strong support at 100-DMA at 0.9797. Weakness in crude oil prices weighing on the CAD, supporting upside in the...

FxWirePro: EUR/NOK unexpectedly spikes up to 9.78 mark after Norway’s CPI, GDP data

Feb 09, 2018 07:17 am UTC| Technicals

EUR/NOK is currently trading at 9.7580 levels. It made intraday high at 9.7836 and low at 9.6824 levels. Intraday bias remains bullish till the time pair holds key support at 9.7025 marks. A sustained break...

FxWirePro: Gold recovers slightly on safe haven demand, good to buy on dips

Feb 09, 2018 07:06 am UTC| Technicals

Gold has been highly volatile yesterday after hitting low of $1306. The yellow metal was fluctuating more than $15 on either side. The commodity jumped till $1322.50 yesterday. It is current trading around...

FxWirePro: NZD/JPY holds support at Ichi cloud, bias lower, break below to see resumption of weakness

Feb 09, 2018 07:00 am UTC| Technicals

NZD/JPY extends downside in Bearish Cypher pattern, pauses downside at cloud base. Technical indicators are bearish. Break below 61.8% Fib will see further weakness. RSI and Stochs are biased lower. MACD supports...

FxWirePro: USD/CNY trades in narrow range after China’s CPI, PPI data

Feb 09, 2018 06:50 am UTC| Technicals

USD/CNY is currently trading around 6.3214 marks. It made intraday high at 6.3315 and low at 6.3156 levels. Intraday bias remains neutral for the moment. A sustained close above 6.3221 marks will test key...

FxWirePro: AUD/USD on track to test 200-DMA at 0.7752, weakness could accentuate on break below

Feb 09, 2018 06:38 am UTC| Technicals

AUD/USD downside holds just above 200-DMA at 0.7752, bias still bearish. The pair hit 5-week lows of 0.7759 before paring some losses to currently trade at 0.7772 levels. Price has broken support at 50% Fib at...

FxWirePro: DAX30 trades lower on weak global cues, good to sell on rallies

Feb 09, 2018 05:50 am UTC| Technicals

DAX index has declined almost 500 points from the minor top at 12649 made yesterday. SP500 declined sharply till 2581 almost 3.75% yesterday closed at days low. But SP futures is trading slightly positive. Overall trend is...

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Economy

US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment

U.S. stock index futures traded mostly flat on Wednesday evening as investors closely monitored developments surrounding a potential agreement to reopen the Strait of Hormuz while digesting mixed corporate earnings and...

Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market

Oil prices eased on Thursday, extending the sharp declines recorded earlier this week as investors balanced hopes for improved shipping access through the Strait of Hormuz with ongoing geopolitical tensions and an...

Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes

Asian stock markets retreated on Thursday after an AI-fueled rally lost momentum, while oil prices remained stable as investors weighed the prospects of a potential Iran peace agreement and awaited key U.S. economic data....

Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist

Brazils central bank lowered its benchmark Selic interest rate by 25 basis points to 14.00% per year on Wednesday, signaling that inflation is gradually slowing while emphasizing that price pressures remain above the...

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...

Politics

U.S. Unseals Charges Against Five Alleged CJNG Leaders, Raises Reward for New Cartel Chief

The U.S. Justice Department has unsealed criminal charges against five alleged senior members of Mexicos Jalisco New Generation Cartel (CJNG), intensifying Washingtons crackdown on one of the worlds most powerful drug...

Mark Carney Jokes About Teleprompter, Takes Swipe at Trump

Canadian Prime Minister Mark Carney made light of a teleprompter malfunction during a housing policy news conference on Wednesday, using the unexpected interruption to take a subtle jab at U.S. President Donald Trump....

Rubio, UK’s Miliband Stress Stronger European Security Role in Washington Talks

U.S. Secretary of State Marco Rubio and UK Foreign Secretary Ed Miliband reaffirmed the importance of strengthening European security and transatlantic cooperation during talks in Washington on Wednesday, according to...

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...

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

Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop

Alphabet (NASDAQ: GOOGL) shares dropped as much as 5.4% during Thursdays session after news emerged that longtime Google AI leader Jeff Dean is leaving the company to launch a new artificial intelligence startup, adding to...

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...
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