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FxWirePro: USD/CNY rejects key support at 6.7150 mark, PBOC sets yuan mid-point at 6.7205

Aug 02, 2017 07:36 am UTC| Technicals

USD/CNY is currently trading around 6.7242 marks. It made intraday high at 6.7277 and low at 6.7169 levels. Intraday bias remains bullish till the time pair holds key support at 6.7150 mark. A sustained...

fxWirePro: USD/CAD breaks major resistance 1.2576, jump till 1.2750 likely

Aug 02, 2017 07:14 am UTC| Technicals

USDCAD has formed a bottom around 1.24132 on Jul 26th 2017 and slight recovering from that level. The pair broken minor trend line resistance at 1.2525 and jumped till 1.25859. It is currently trading around...

FxWirePro: Kiwi dented after big miss in NZ employment change, short NZD/USD rallies

Aug 02, 2017 06:54 am UTC| Technicals

Kiwi slumps across the board in the Asian session today after worse-than expected NZ jobs data. New Zealands Unemployment has dropped to the lowest level in more than eight years, falling to 4.8 percent in the middle...

FxWirePro: NZD/USD tumbles after breaching double top neckline, more slumps on cards as leading oscillators in sync with bearish SMA crossover, major trend still robust

Aug 02, 2017 06:39 am UTC| Technicals

NZDUSD forms bearish engulfing with bearish SMA crossover, the major trend remains intact as bulls are still on 10-months highs. The pair also forms double top formation with top 1 and top 2 exactly at 0.7525 levels,...

FxWirePro: XAU/USD Daily Outlook

Aug 02, 2017 06:18 am UTC| Technicals

Gold hits one and half month high at $1273 and shown a minor profit booking from that level. The yellow metal downside is limited on account dollar weakness. US Dollar index fell recovered slightly after hitting 16...

FxWirePro: EUR/AUD breaks 50-DMA at 1.4842, bias higher, stay long

Aug 02, 2017 06:10 am UTC| Technicals

EUR/AUD has broken above 50-DMA resistance at 1.4842, bias higher. Technical indicators support upside in the pair. MACD is now showing a bullish crossover on signal line. Stochs and RSI are biased higher. Price...

FxWirePro: Indian rupee trades marginally lower ahead of RBI’s rate decision

Aug 02, 2017 05:35 am UTC| Technicals

USD/INR is currently trading around 64.09 marks. It made intraday high at 64.12 and low at 64.01 marks. Intraday bias remains neutral till the time pair holds key support at 64.01 marks. Key resistances are...

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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...