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FxWirePro: AUD/NZD rejected at session highs at 1.0791, eyes 61.8% Fib

Feb 07, 2018 08:34 am UTC| Technicals

AUD/NZD upside rejected at session highs at 1.0791, extends break below 200-DMA. Kiwi shrugged-off a big beat on the NZ employment data, focus remains on the RBNZ interest rate decision due later today. Technical...

FxWirePro: BTC/EUR recovery lacks traction, 5-DMA at 6346 caps upside

Feb 07, 2018 07:56 am UTC| Technicals Digital Currency

BTC/EUR recovery lacks traction, the pair is down 2.48% on the day. Upside remains capped below downward slopping 5-DMA which is immediate resistance at 6345. Only decisive break above could see upside. Next...

FxWirePro: Buy EUR/USD above 1.2400

Feb 07, 2018 07:52 am UTC| Technicals

EURUSD jumped sharply from the low of 1.23105 level. The pair jumped almost 90 pips till 1.23980 on account of slight bounce in global equity market. It is currently trading around 1.23907. SP500 recovered almost 6.7%...

FxWirePro: Buy EUR/USD above 1.2400

Feb 07, 2018 07:52 am UTC| Technicals

EURUSD jumped sharply from the low of 1.23105 level. The pair jumped almost 90 pips till 1.23980 on account of slight bounce in global equity market. It is currently trading around 1.23907. SP500 recovered almost 6.7%...

FxWirePro: USD/ZAR moves in stiff boundaries, bias remains neutral

Feb 07, 2018 07:26 am UTC| Technicals

USD/ZAR is currently trading around 11.88 levels. It made intraday high at 11.96 and low at 11.87 levels. Intraday bias remains neutral till the time pair holds key support at 11.82 mark. A daily close...

FxWirePro: EUR/GBP holds above 200-DMA, good to go long on breakout at 0.8910

Feb 07, 2018 06:54 am UTC| Technicals

EUR/GBP is trading in a narrow range, with a days high at 0.8877 and a low at 0.8864. The pair is holding break above 200-DMA which was major resistance at 0.8857. Price action has also edged above daily cloud...

FxWirePro: Gold trades well below 20 –day MA on strong dollar, good to sell on rallies

Feb 07, 2018 06:25 am UTC| Technicals

Gold has declined almost $25 yesterday on account of rising US dollar index. Global stock market stabilized after steep sell off yesterday. The slight recovery in US dollar followed by US stock market has dragged the gold...

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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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