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FxWirePro: Indian rupee trades marginally lower against U.S. dollar, faces strong resistance at 67.52 mark

Dec 13, 2016 05:27 am UTC| Technicals

USD/INR is currently trading around 67.42 marks. It made intraday high at 67.42 and low at 67.31 marks. Intraday bias remains neutral till the time pair holds key resistance at 67.52 mark. Key resistances...

Gold trades flat, market awaits Fed policy for further direction

Dec 13, 2016 05:13 am UTC| Technicals

Gold recovered almost $14 from the yesterday low of $1150 level. The yellow metal shown a slight recovery on account of slight profit booking in SP 5t00. They both move in opposite direction.It is currently trading around...

FxWirePro: USD/JPY retakes 115 handle, intraday bias lower, good to sell rallies

Dec 13, 2016 04:51 am UTC| Technicals

USD/JPY trades a narrow range in the Asian session. Doji formation seen on daily charts till now. The pair is holding 5-DMA support at 114.60, break below could see drag upto 112.90 (20-DMA). Bearish RSI...

FxWirePro: USD/TWD breaks key support at 31.77, bias remains bearish

Dec 13, 2016 04:22 am UTC| Technicals

USD/TWD is currently trading around 31.74 marks. It made intraday high at 31.85 and low at 31.67 marks. Intraday bias remains bearish for the moment. A daily close above 32.02 will drag the parity up towards...

FxWirePro: USD/KRW remains well supported below 1,172 mark, stay bearish

Dec 13, 2016 03:42 am UTC| Technicals

USD/KRW is currently trading around 1,165 levels. It made intraday high at 1,167 and low at 1,162 marks. Intraday bias remains bearish till the time pair holds key resistance at 1,172 levels. A daily close...

FxWirePro: China’s yuan gains on robust retail sales, industrial production data

Dec 13, 2016 02:50 am UTC| Technicals

USD/CNY is currently trading around 6.9003 marks. It made intraday high at 6.9108 and low at 6.8990 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9162 mark. A sustained...

FxWirePro:Nikkei struggles to break below 19000, good to buy on dips

Dec 13, 2016 02:11 am UTC| Technicals

Nikkei225 is trading flat after hitting fresh ten month high yesterday. The index has made a high of 19272 and is currently trading around 19137 0.10% lower. Market awaits US Fed monetary policy meeting on Wed for...

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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

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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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