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FxWirePro: EUR/AUD hit 4-month highs at 1.5190, scope for test of 61.8% Fib, stay long

Oct 11, 2017 07:06 am UTC| Technicals

EUR/AUD hits 4-month highs at 1.5190, intraday bias higher. The pair is trading a Rising Triangle pattern and has broken major trendline resistance at 1.5155. We now see scope for test of 61.8% Fib retrace of...

FxWirePro: GBP/USD forms Bearish pattern, good to sell on rallies

Oct 11, 2017 06:53 am UTC| Technicals

Harmonic pattern formed Bearish AB=CD pattern. Cable has shown a huge recovery from the low of 1.30270 made on Oct 6th 2017. The pair jumped almost 0.50% yesterday after better than expected UKS industrial and...

FxWirePro: AUD/JPY struggles to hold retrace above 50-DMA, bias lower, stay short

Oct 11, 2017 06:41 am UTC| Technicals

AUD/JPY edges lower from session highs at 87.64, struggles to hold retrace above 50-DMA. Aussie remained better bid on the back of upbeat Westpac consumer sentiment data, while the Yen failed to benefit from solid...

FxWirePro: USD/CNY hits fresh 3-week low at 6.5690 mark, PBOC sets yuan mid-point at 6.5841

Oct 11, 2017 06:22 am UTC| Technicals

USD/CNY is currently trading around 6.5788 marks. It made intraday high at 6.5851 and low at 6.5690 levels. Intraday bias remains neutral till the time pair holds key support at 6.5717 mark. A sustained...

FxWirePro: AUD/USD bears back in action, major trend acts as per FxWirePro’s whims and fancy popping up with shooting star to drift back in range

Oct 11, 2017 06:06 am UTC| Technicals Insights & Views

Shooting star pattern candles have occurred at 0.8051 and again at 0.8033 levels on AUDUSD peaks of rallies (refer daily chart). The same pattern has occurred at 0.7825 levels on monthly terms Consequently, the bears...

Gold faces strong resistance at 50 –day MA, good to buy on dips

Oct 11, 2017 06:02 am UTC| Technicals

Gold has rallied almost $13 yesterday and hits fresh 1- week high on weak U.S dollar and geo political tensions. The yellow metal jumped almost $34 from the low of $1260 made on Friday Tensions have increased between...

FxWirePro: NZD/CAD recovery capped at 5-DMA, bias lower, stay short

Oct 11, 2017 05:43 am UTC| Technicals

NZD/CAD upside remains capped below 5-DMA, trades 0.26% lower on the day. Renewed concerns over the New Zealand political scenario to keep kiwi under pressure. Nationalist Party leader himself dropped a...

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Economy

China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade

Chinas exports posted stronger-than-expected growth in July, supported by booming global demand for artificial intelligence infrastructure and a rush to ship goods before higher U.S. tariffs took effect. Exports increased...

US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise

The U.S. dollar headed for a weekly gain against major currencies on Friday as uncertainty over an Iran peace agreement boosted demand for safe-haven assets, while rising Treasury yields and expectations of tighter Federal...

BOJ Rate Hike Expectations Rise Ahead of September Meeting

Bank of Japan policymakers are preparing a series of closely watched speeches ahead of the BOJs September 17-18 policy meeting, as expectations grow that the central bank will deliver another interest rate hike. BOJ board...

Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data

Asian stocks traded mixed on Friday as renewed weakness in semiconductor shares weighed on South Korean and Japanese markets, while investors awaited the closely watched U.S. July nonfarm payrolls report for fresh clues on...

China Trade Surplus Beats Forecasts in July as Exports Stay Strong

Chinas trade surplus exceeded market expectations in July as exports remained resilient, although faster import growth and softer export momentum pushed the surplus lower compared with the previous month. Official...

Politics

Bezalel Smotrich Faces Election Battle as Israel’s Far-Right Vote Fractures

Israeli Finance Minister Bezalel Smotrich is facing a difficult political battle ahead of Israels October 27 election after his position on ultra-Orthodox military exemptions angered some of his traditional supporters in...

Trump Administration Weighs Executive Order on Vaccines and Autism Research

The Trump administration is considering an executive order focused on vaccines and autism research that could be announced as early as next week, Bloomberg News reported Friday, citing people familiar with the discussions....

New Zealand MMP Electoral System Faces Fresh Referendum Debate

New Zealands mixed-member proportional (MMP) electoral system is back in the spotlight after Prime Minister Christopher Luxon said he was open to holding a referendum on how the country elects its parliament. The proposal...

Trump Faces Tough Choices as Iran War Drags On

U.S. President Donald Trump is facing increasingly difficult choices as the Iran war enters its sixth month, with diplomacy and the threat of renewed military action offering uncertain paths toward ending the conflict....

US Expands Social Media Vetting to Foreign Journalists Seeking Visas

The U.S. State Department is reportedly expanding social media vetting for visa applicants to include foreign journalists seeking permission to work in the United States, marking another expansion of the 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

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...

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...