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FxWirePro: USD/SGD breaks key support at 1.4256, downside limited

Dec 02, 2016 01:56 am UTC| Technicals

USD/SGD is currently trading around 1.4255 marks. It made intraday high at 1.4261 and low at 1.4246 levels. Intraday bias remains neutral till the time pair holds key support at 1.4256 marks. A sustained...

FxWirePro: South Korean won appreciates against euro despite lower than expected GDP data

Dec 02, 2016 01:29 am UTC| Technicals

EUR/KRW is currently trading around 1,243 mark. Pair made intraday high at 1,246 and low at 1,243 levels. Intraday bias remains bearish till the time pair holds immediate resistance at 1,251 mark. A...

FxWirePro: Aussie gains against major peers on robust retail sales data

Dec 02, 2016 00:57 am UTC| Technicals

AUD/NZD is currently trading around 1.0468 marks. Pair made intraday high at 1.0474 and low at 1.0449 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0415 marks. A...

FxWirePro: USD/CAD dips below lower range, bearish bias increases

Dec 01, 2016 18:42 pm UTC| Technicals

The USD/CAD pair declined in the US session as oil correlated Canadian dollar strengthened after major petroleum producers agreed to cut output for the first time in eight years. Oil prices surged more than 4 percent...

FxWirePro: USD/JPY remains bullish with scope to target 114.00

Dec 01, 2016 18:10 pm UTC| Technicals

USD/JPY inched higher in the US session after data showed U.S. factory activity accelerated in November suggesting more evidence that US economy gained further momentum early in the fourth quarter. The Institute for...

FxWirePro: EUR/USD trade idea

Dec 01, 2016 12:48 pm UTC| Technicals

Major intraday support 1.0560 Major resistance- 1.06855 (Nov 28th 2016 high) EUR/USD edged lower yesterday after OPEC agreed to cut oil production to 32.5 million barrels per day from the previous 33.7 million...

FxWirePro: EUR/USD bulls clamps in at stronger supports but bears not far away from 1-year lows, price, volumes and indicators in bears’ favor

Dec 01, 2016 12:43 pm UTC| Technicals Insights & Views

This week, although EURUSD price gains to the current levels of 1.0628 levels from the lows of 1.0552 levels, interim bulls are still lingering near 1-year lows to create space for more slumps as the long lasting major...

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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

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...

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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