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FxWirePro: IOTA/USD sell opportunity

Jan 24, 2018 07:02 am UTC| Technicals Digital Currency

IOTA/USD capped below 5-DMA at 2.6479, we see minor upside only on break above. Technical studies on intraday charts are bearish raising scope for downside. Price action remains capped below major exponential...

FxWirePro: EUR/AUD whipsaws pattern goes in 5th week in a row, both major/minor uptrends seem to be edgy – Tunnel spreads to trade and long hedge

Jan 24, 2018 06:45 am UTC| Technicals Insights & Views

Chart and candlestick formed: EURAUD forms whipsaws pattern on weekly and shooting stars on the 4H chart to signal weakness. Consequently, the current prices slide below SMAs. Thereby, the selling sentiments are...

FxWirePro: Gold trades higher on weak US dollar, good to buy on dips

Jan 24, 2018 06:36 am UTC| Technicals

Gold has shown a minor jump after hitting low of $1330. The yellow metal jumped almost $12 from the yesterday low. US dollar index has been trading weak and has broken major support of 90. It is currently trading around...

FxWirePro: NZD/CHF bounces of 20-DMA support, good to go long on dips

Jan 24, 2018 06:31 am UTC| Technicals

NZD/CHF is trading in a horizontal channel pattern on daily charts, bias is higher. The pair trades above major moving averages and daily Ichimoku cloud. Price action has broken above 200W SMA which raises scope...

FxWirePro: Indian rupee rises gradually against U.S. dollar, good to sell on rallies

Jan 24, 2018 06:15 am UTC| Technicals

USD/INR is currently trading around 63.60 marks. It made intraday high at 63.76 and low at 63.58 marks. Intraday bias remains bearish till the time pair holds key resistance at 63.87 mark. Key resistances...

FxWirePro: Nikkei trades lower on strong yen, good to buy on dips

Jan 24, 2018 05:55 am UTC| Technicals

Nikkei has shown a minor decline after hitting high of 24122 yesterday. The major reason for slight decline was due to slight bullishness in yen. US SP 500 and NASDAQ finish records as technology shares leading the way...

FxWirePro: USD/JPY finds major support at 109.87 (100W SMA), break below to accentuate weakness

Jan 24, 2018 05:22 am UTC| Technicals

USD/JPY hits 19-week low of 109.80 as USD sell-off continues across the board and treasury yields retreat from multi-year highs. Concerns that Sino-US trade row may escalate if communication between US and China...

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Economy

Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan

Asian stock markets retreated on Thursday, led by sharp declines in South Korea and Japan as renewed selling in semiconductor stocks erased part of the previous sessions AI-driven gains. Investors turned cautious after...

Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data

Asian currencies traded in a narrow range on Thursday as the U.S. dollar hovered near a seven-week low, with investors closely watching Middle East diplomatic developments and upcoming U.S. labor market data for clues on...

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...

Politics

Abdul El-Sayed Wins Michigan Democratic Senate Primary, Sets Up Key Midterm Showdown

Abdul El-Sayed secured the Democratic nomination for Michigans U.S. Senate race, positioning himself for a closely watched general election against Republican Mike Rogers in November. The victory marks a significant moment...

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...

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

DeepSeek to Raise AI API Prices as Demand for New Models Surges

Chinese artificial intelligence startup DeepSeek has announced plans to significantly increase the pricing of its API services as demand for its latest AI models continues to grow. The company revealed the upcoming change...

SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook

Shares of SK Hynix and Samsung Electronics tumbled on Thursday, leading a broad decline in Asian memory chip stocks after earnings guidance from Sandisk and Western Digital failed to meet investors high expectations. SK...

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...