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FxWirePro: USD/CNY jumps above 6.90 mark, PBOC sets yuan mid-point at 6.9028

Dec 14, 2016 07:10 am UTC| Technicals

USD/CNY is currently trading around 6.9048 marks. It made intraday high at 6.9106 and low at 6.8983 levels. Intraday bias remains bullish till the time pair holds key support at 6.8983 mark. A sustained...

FxWirePro: XAG/USD remains well supported below $17.00 mark, markets eye FOMC rate decision

Dec 14, 2016 06:24 am UTC| Technicals

XAG/USD is currently trading around $16.95 marks. It made intraday high at $16.96 and low at $16.85 levels. Intraday bias remains bullish till the time pair holds key support at $16.46 levels. A daily close...

FxWirePro: AUD/USD bears resume again at stiff resistance but supported at 7-DMA ahead of FOMC hiking hopes – Double touch barriers for certain yields

Dec 14, 2016 06:03 am UTC| Technicals

The attempts of this pair have consistently been restrained at thestiff resistance of 0.7761, Failure swings at resistance have evidenced declines below SMAs currently tested supports at 0.7439 levels and any breaks below...

FxWirePro: AUD/JPY upside pauses at minor trendline resistance, bias higher, good to long dips

Dec 14, 2016 06:02 am UTC| Technicals

AUD/JPY has broken a downward spiralling channel with rising volumes and edged higher. The pair has broken above weekly 100-MA in the previous week. Upside in price action has currently paused shy of minor...

FxWirePro:Gold trades lower ahead of Fed rate hike hopes, good to sell on rallies

Dec 14, 2016 05:45 am UTC| Technicals

Gold recovered slightly by $5 from the yesterday low of $1154.30 level. The yellow metal facing strong support at $1150 and slight buying happening at lower levels. It is currently trading around $1159. Markets await...

FxWirePro: USD/INR hovers around 67.50 mark ahead of India’s inflation data

Dec 14, 2016 05:21 am UTC| Technicals

USD/INR is currently trading around 67.49 marks. It made intraday high at 67.48and low at 67.38 marks. Intraday bias remains bullish till the time pair holds key support at 67.30 mark. Key resistances are...

FxWirePro: NZD/USD breaks 100-DMA resistance at 0.7202, bias higher, stay long

Dec 14, 2016 05:17 am UTC| Technicals

NZD/USD is testing 100-DMA resistance, break above will see further upside. Technical studies on daily and weekly charts are bullish. Bullish RSI divergence seen on daily charts. RSI is also strong at 58 levels...

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Economy

US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says

U.S. efforts to strengthen the Japanese yen may offer only temporary relief as Japans fiscal policies, wide interest-rate gap with the United States, and preference for a weaker currency continue to pressure the yen,...

Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist

Iran and Oman are nearing an agreement on shipping through the Strait of Hormuz, but Tehran says a bilateral deal alone will not be enough to fully reopen the critical global energy route. Iranian Foreign Minister Abbas...

Trump Unveils $3 Billion U.S. Critical Minerals Push

President Donald Trump announced roughly $3 billion in U.S. government investments and financing for critical minerals, battery materials and mining projects, part of a broader effort to strengthen domestic production and...

Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls

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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...

Politics

Germany Warns of Daily Hybrid Warfare Threats

Germany is facing foreign hybrid warfare operations on a daily basis, Interior Minister Alexander Dobrindt has warned after authorities discovered an explosive-carrying drone at Leipzig/Halle Airport. Dobrindt said hostile...

ICE to Complete Nationwide Body Camera Rollout by End of August

U.S. Immigration and Customs Enforcement (ICE) will equip all officers and agents working in the field with body-worn cameras by the end of August, accelerating a nationwide rollout that was initially expected to take...

Joe Biden’s Prostate Cancer Has Spread Further, Hunter Biden Says

Former U.S. President Joe Bidens prostate cancer has spread beyond his bones and is causing significant pain, according to his son, Hunter Biden, who discussed his fathers health in a BBC interview. Speaking to the BBCs...

Senate Majority Leader John Thune Moves to Advance Crypto Clarity Act

U.S. Senate Majority Leader John Thune has taken a key step toward advancing the Clarity Act, a major cryptocurrency regulation bill that could establish the first comprehensive federal framework for the U.S. crypto...

Taiwan President Lai Oversees Coastal Strike Drills in Han Kuang War Games

Taiwan President Lai Ching-te observed coastal strike drills on Saturday as the island continued its annual Han Kuang military exercises, designed to strengthen Taiwans defence readiness against a potential Chinese attack....

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 Seen Beating Q2 Targets as Vera Rubin Cycle Begins

Nvidia (NVDA) could enter a multi-quarter growth cycle as shipments of its next-generation Vera Rubin AI chips begin, with BofA Global Research forecasting stronger-than-expected quarterly results and maintaining a bullish...

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

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...
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