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FxWirePro: Buy GBPCAD above 1.68520 Now

Nov 16, 2017 11:55 am UTC| Technicals

GBP/CAD has formed a temporary top around 1.71653 and shown a huge decline from that level. The pair dipped till 1.65894 and is currently trading around 1.68480. The near term resistance is around 1.68520 (trend line...

FxWirePro: GBP/JPY Trend line break out

Nov 16, 2017 10:49 am UTC| Technicals

Minor Trend line resistance 149.20 (trend line joining 150 and 149.56). GBP/JPY recovered slightly after forming a minor bottom around 148.15. The pair broken minor trend line resistance 149.20 and jumped till...

FxWirePro: Gold price goes sideways after shooting star, intermediate trend edgy after railroad pattern – Boundary binaries to speculate

Nov 16, 2017 09:22 am UTC| Technicals

Chart and candlestick patterns formed- Resembling whipsaws pattern, shooting star at 1277.71 levels (on daily plotting) and 3-black crows and railroad patterns have occurred at 1279.72 and 1280.04 levels respectively (on...

FxWirePro: EUR/USD trades below 1.1800 on positive US economic data, good to buy on dips

Nov 16, 2017 09:18 am UTC| Technicals

EUR/USD shown a minor decline after huge jump on Tuesday. The pair declined below major psychological support 1.1800 on account of slightly better than expected US economic data. US CPI data came in in line with estimate....

FxWirePro: USD/ZAR trades in narrow range, downside limited

Nov 16, 2017 07:33 am UTC| Technicals

USD/ZAR is currently trading around 14.38 levels. It made intraday high at 14.40 and low at 14.36 levels. Intraday bias remains neutral for the moment. A daily close above 14.38 will take the parity...

FxWirePro: USD/CHF recovers on strong US economic data, good to sell on rallies

Nov 16, 2017 06:56 am UTC| Technicals

USD/CHF has shown a minor recovery yesterday on account of better than expected US economic data.US CPI came at 0.1% monthly basis and by 2.0% YOY. The core CPI on the annual basis shown a slight uptick from to 1.8% from...

FxWirePro: USD/CNY fails to fall below 6.61 mark, PBOC sets yuan mid-point at 6.6286

Nov 16, 2017 06:38 am UTC| Technicals

USD/CNY is currently trading around 6.6345 marks. It made intraday high at 6.6371 and low at 6.6199 levels. Intraday bias remains bullish till the time pair holds key support at 6.6122 mark. A sustained...

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Economy

Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises

Asian stocks traded cautiously on Friday as investors awaited crucial U.S. jobs data that could shape expectations for the Federal Reserves next interest-rate decision. Meanwhile, renewed Middle East tensions pushed oil...

Philippine GDP Growth Slows to 2.3% in Q2

The Philippine economy expanded at a slower-than-expected pace in the second quarter, adding to concerns over the countrys growth outlook as weaker government spending and external risks weigh on economic activity. Gross...

Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns

Gold prices were largely steady on Friday as investors balanced renewed tensions in the Strait of Hormuz with hopes for a diplomatic solution, while assessing how geopolitical risks and higher energy costs could influence...

Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears

Oil prices extended their rebound during Asian trading on Friday as renewed tensions surrounding the Strait of Hormuz weakened expectations for a full reopening of the crucial energy shipping route. Brent crude futures for...

US Stock Futures Rise as Markets Await July Payrolls Data

U.S. stock futures edged higher Thursday evening as investors reacted to upbeat corporate earnings and turned their attention to the July nonfarm payrolls report for fresh signals on Federal Reserve interest rate policy....

Politics

Trump Orders Probe Into Pentagon Munitions Stockpile Leaks After Iran Conflict

U.S. President Donald Trump has ordered new investigations into alleged leaks involving Pentagon munitions stockpiles after media reports raised concerns about depleted U.S. weapons inventories following the conflict with...

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...

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

Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised

Cloudflare shares surged in after-hours trading Thursday after the cloud connectivity and cybersecurity company delivered stronger-than-expected quarterly results, issued upbeat third-quarter guidance and raised its...

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...