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FxWirePro: EUR/USD Short term Outlook

Oct 06, 2017 06:59 am UTC| Technicals

EUR/USD continuing its losing streak and broken the support of 1.16965 made on Oct 3rd 2017 on account of strong US economic data and dovish ECB meeting minutes. It has declined till 1.16860 and is currently trading around...

FxWirePro: EUR/USD shooting stars hamper previous bullish momentum but consolidation phase remain intact – Bid one touch binary put on bearish DMA crossover

Oct 06, 2017 06:46 am UTC| Technicals

The shooting star pattern candles have occurred quite often to disrupt uptrend, as and when this bearish pattern occurred at 1.1972, 1.2034, and 1.1947 levels on daily terms, 1.3768 and 1.1811 levels on monthly terms, you...

FxWirePro: NZD/USD slips below 0.71 handle, hits 4-month lows at 0.7091, bias lower

Oct 06, 2017 06:17 am UTC| Technicals

NZD/USD extends break below 200-DMA, hits 4-month lows at 0.7091. Broad-based USD strength on hawkish Fed chat and positive US data keeps the pair dented. Technical studies still bearish, next bear target lies at...

FxWirePro: Gold trades weak, market eyes US Non-farm payroll

Oct 06, 2017 05:23 am UTC| Technicals

Gold has declined slightly yesterday from the high of $1278 on stronger dollar and rising global equities. The yellow metal shown selling after slightly better than expected US jobless claims data. It is currently trading...

FxWirePro: Nikkei daily outlook

Oct 06, 2017 03:25 am UTC| Technicals

Nikkei is consolidating in narrow range between 20588 and 20695 for the past three days ahead of US Non-farm payroll data which is to be released today. Global equity indices is trading high with all three US Index hits...

FxWirePro: USD/CHF Trade Idea

Oct 05, 2017 13:05 pm UTC| Technicals

USD/CHF has shown a minor recovery from the low of 0.97096 after better than expected US economic data. US Private jobs added 135k compared 130k for the month of September. US ISM services PMI came at 59.8% compared to...

FxWirePro: US Oil Daily outlook

Oct 05, 2017 13:04 pm UTC| Technicals

WTI crude oil has shown a minor jump from the low hitting low of $49.75 after Russian Energy Minister said on Thursday that Moscow would support new countries joining the agreement to restrict oil supply. But upside is...

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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...