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FxWirePro: NZD/USD breaks triple top, good to long break above major resistance at 0.7431

Jul 21, 2017 06:11 am UTC| Technicals

NZD/USD witnessed sharp swings on Thursdays trade. The pair bounced from lows of 0.7333 to hit highs of 0.7414. The Kiwi caught a fresh bid-wave on NZ FinMin Joyces comments, despite risk-off market profile. NZ...

FxWirePro: Gold trades higher after ECB monetary policy, good to buy on dips

Jul 21, 2017 05:53 am UTC| Technicals

Gold has recovered sharply after hitting low of $1235 on account of weak U.S dollar. The yellow metal jumped till $1247 yesterday and is currently trading around $1238.80. Euro jumped sharply against U.S dollar after...

FxWirePro: 'Bearish Doji Star' formation on AUD/CAD raises scope for downside, good to go short on break below 0.9915 (20-DMA)

Jul 21, 2017 05:28 am UTC| Technicals

AUD/CAD dived to over 0.75% on the day, slips below 5-DMA support at 0.9977. Aussie slumps across the board on dovish RBA Deputy Governor Debelles comments. Debelle said that a rising AUD is complicating the...

FxWirePro: USD/TWD hovers around key resistance at 30.50 mark, consistent close above targets 30.90

Jul 21, 2017 04:16 am UTC| Technicals

USD/TWD is currently trading around 30.44 marks. It made intraday high at 30.52 and low at 30.34 marks. Intraday bias remains slightly bullish till the time pair holds key support at 30.25 marks. A daily...

FxWirePro: Nikkei225 Daily Outlook

Jul 21, 2017 03:53 am UTC| Technicals

Nikkei is consolidating in arrow range between 20319 and 19836 for the past one month. The index has formed a temporary top around 20319 and any further bullish continuation only above that level. It is currently trading...

FxWirePro: USD/THB rejects key resistance at 33.67 mark, good to sell on rallies

Jul 21, 2017 03:50 am UTC| Technicals

USD/THB is currently trading around 33.53 marks. It made intraday high at 33.59 and low at 33.52 marks. Intraday bias remains bearish till the time pair holds key resistance at 33.70 mark. On the top side,...

FxWirePro: USD/SGD fails to find support above 1.3700 mark, stay bearish only below 1.3650

Jul 21, 2017 02:55 am UTC| Technicals

USD/SGD is currently trading around 1.3664 marks. It made intraday high at 1.3676 and low at 1.3656 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3700 mark. A daily close...

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Economy

Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls

Oil prices fluctuated on Friday and remained on course for sharp weekly declines as uncertainty surrounding a potential agreement to reopen the Strait of Hormuz continued to drive volatility across global energy markets....

Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease

Gold prices rallied sharply on Friday, putting the precious metal on track for its strongest weekly performance since late January as a weaker U.S. dollar, lower oil prices and softer Federal Reserve rate hike expectations...

US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets

The U.S. dollar weakened on Friday and headed toward its first two-week losing streak since late May after a disappointing July jobs report reduced expectations for another Federal Reserve interest rate hike. The U.S....

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...

Politics

SEC Moves to Dismiss Insider Trading Case Against Trump-Pardoned Terren Peizer

The U.S. Securities and Exchange Commission (SEC) is moving to dismiss its civil insider trading lawsuit against Terren Peizer, the former Ontrak CEO who was convicted in a landmark federal insider trading case before...

Ukraine Agrees to Protect Kazakhstan Oil Exports via Black Sea

Ukraine has reportedly agreed not to attack certain non-Russian oil tankers and infrastructure involved in exporting Kazakhstan crude oil through the Black Sea, a move that could help stabilize supplies from one of the...

Colombia President Abelardo De La Espriella Pledges Drug Crackdown, Economic Reforms

Colombias new right-wing President Abelardo De La Espriella has taken office with promises to intensify the fight against drug trafficking, restore security and introduce sweeping economic reforms aimed at rebuilding...

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....

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

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...

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...