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FxWirePro: DASH/USD retraces dip below 400 mark, close below 200-DMA keeps scope for downside

Feb 06, 2018 11:05 am UTC| Technicals

DASH/USD hit 3-month lows at 367 levels before paring some losses to currently trade at 420 levels. The pair has shown a decisive close below 200-DMA which keeps scope for downside. Technical studies are highly...

FxWirePro: USD/CHF upside capped by 233- H MA, good to buy on dips

Feb 06, 2018 10:23 am UTC| Technicals

USD/CHF is consolidating after hitting high of 0.93763 yesterday. The pair shown a minor jump from yesterday low of 0.9295. It is currently trading around 0.93430. Technically in the hourly chart, the pair is trading...

FxWirePro: 'Bearish Cypher' pattern on NZD/JPY, stay short on close below 100-DMA

Feb 06, 2018 09:56 am UTC| Technicals

NZD/JPY has retraced brief dip below major support levels at 100 and 200 DMAs. Price retraced from lows of 78.81 and is currently hovering around 200-DMA at 79.75. Bearish Cypher pattern has been completed on...

FxWirePro: Buy EUR/USD above 1.2435

Feb 06, 2018 09:23 am UTC| Technicals

EURUSD declined sharply yesterday almost 120 pips yesterday on rising US 10 year yield and global equity sell off. The pair hits low of 1.2359 and is currently trading around 1.24022. Euro recovery was due to slight...

FxWirePro: USD/ZAR trades in narrow range, South Africa’s business confidence index in focus

Feb 06, 2018 08:34 am UTC| Technicals

USD/ZAR is currently trading around 12.08 levels. It made intraday high at 12.17 and low at 12.05 levels. Intraday bias remains slightly bullish till the time pair holds key support at 11.98 mark. A daily...

FxWirePro: GBP/JPY forms bullish shark pattern, good to buy on dips

Feb 06, 2018 08:29 am UTC| Technicals

Harmonic pattern- Bullish Shark pattern. GBP/JPY has shown a huge decline of 300 pips from the high of 156.60. The major reason for decline was increase of safe haven due to global sell-off in stock market. It has...

FxWirePro: ETH/EUR closes below 100-DMA at 585, bias lower, good to short rallies

Feb 06, 2018 08:22 am UTC| Technicals Digital Currency

ETH/EUR closes below 100-DMA support at 585 levels, bias still bearish. Price action has broken below 61.8% Fib retrace of 115 to 1183 rally at 522. Technical studies are highly bearish. Next bear target lies...

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Economy

Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow

Gold prices climbed for a fourth consecutive session on Thursday, reaching their highest level in seven weeks as easing concerns over global energy supplies weakened the U.S. dollar and Treasury yields. The rally was...

Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge

Australias trade balance returned to a larger-than-expected surplus in June, driven by strong exports of iron ore, coal, liquefied natural gas (LNG), and non-monetary gold, according to data released Thursday by the...

Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff

Singapore said around one-third of its exports to the United States will be affected by a new 12.5% U.S. tariff introduced on July 24, with Trade Minister Gan Kim Yong estimating the impacted shipments at S$9.5 billion...

Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data

The U.S. dollar traded close to a six-week low on Thursday as investors remained cautious ahead of the highly anticipated U.S. nonfarm payrolls report, while the Japanese yen struggled to maintain gains following recent...

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...

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...