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FxWirePro: EUR/KRW remains well supported above 1,300 mark, faces strong resistance at 1,313 mark

Jan 17, 2018 02:39 am UTC| Technicals

EUR/KRW is currently trading around 1,305 mark. Pair made intraday high at 1,307 and low at 1,300 levels. Intraday bias remains bullish till the time pair holds key support at 1,298 mark. A sustained close...

FxWirePro: Aussie strengthens in early Asia after mixed economic data

Jan 17, 2018 02:07 am UTC| Technicals

AUD/NZD is currently trading around 1.0982 marks. Pair made intraday high at 1.0983 and low at 1.0946 marks. Intraday bias remains bullish till the time pair holds key support at 1.0950 mark. A sustained...

FxWirePro: Japanese yen trades slightly higher on robust machinery orders data

Jan 17, 2018 01:16 am UTC| Technicals

USD/JPY is currently trading around 110.40 marks. It made intraday high at 110.49 and low at 110.19 levels. Intraday bias remains bearish till the time pair holds key resistance at 111.18 marks. A daily...

FxWirePro: Ripple trades well below 1.60 level, good to sell on rallies

Jan 16, 2018 13:23 pm UTC| Technicals

Candle stick pattern hammer The pair declined sharply till 1.1739 and shown a minor recovery from that level. Short term trend is slightly weak as long as major resistance 2.25 Jan (11th 2018 high) holds. The major...

FxWirePro: EUR/USD trades slightly lower, good to buy on dips

Jan 16, 2018 12:56 pm UTC| Technicals

EUR/USD has shown a minor correction after a good upside move in previous week. The pair was trading strong in previous week on account of political stability in Germany and hawkish comment from ECB members. The pair...

FxWirePro: GBP/JPY Trade idea

Jan 16, 2018 11:57 am UTC| Technicals

GBP/JPY has declined sharply after making a high of 153.09 at the time of writing. The pair declined till 152.34 and is currently trading around 152.20. Intraday bias is bearish as long as resistance 153.10 holds. The...

FxWirePro: NZD/JPY finds stiff resistance at 81.20, breakout to see further upside

Jan 16, 2018 11:14 am UTC| Technicals

Technical studies on intraday charts are bearish, we see scope for weakness. Stochs and RSI have rolled over from overbought levels and are biased lower. We evidence Doji formation on weekly charts which raises...

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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

Russia Intensifies Drone and Bomb Attacks on Ukraine’s Zaporizhzhia, Deepening Civilian Fear

Russia has intensified its aerial assault on the southeastern Ukrainian city of Zaporizhzhia, leaving residents facing growing danger as drone and glide bomb attacks become more frequent. The escalating strikes have...

Russian Strikes Kill Six in Eastern and Northern Ukraine, Dozens Injured

Russian attacks across several regions of Ukraine killed at least six people and injured dozens overnight, as rescue teams continued emergency operations on Thursday, according to Ukrainian authorities. In the eastern city...

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....

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

SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns

SoftBank Group (TYO: 9984) reported a stronger-than-expected fiscal first-quarter profit despite higher operating and financing costs, supported by massive investment gains from Intel and its Vision Fund portfolio. For the...

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...