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FxWirePro: USD/ZAR remains well supported below 14.50 mark, sustained close above requires for upside rally

Nov 21, 2016 06:52 am UTC| Technicals

USD/ZAR is currently trading around 14.45 levels. It made intraday high at 14.48 and low at 14.37 levels. Intraday bias remains bullish till the time pair holds key support at 14.20 marks. A daily close...

FxWirePro: Gold weekly outlook

Nov 21, 2016 06:06 am UTC| Technicals

Major resistance $1233 (3-W EMA) Major support - $1200 The yellow metal breaks below 100- WMA and declined till $1202 in the previous week. It is currently trading around...

FxWirePro: EUR/GBP capped below 100-DMA, focus on Eurozone manufacturing PMI

Nov 21, 2016 06:05 am UTC| Technicals

EUR/GBP extends narrow range trade, remains capped below 100-DMA currently at 0.8629 The pair extends sideways grind for the second consecutive week. Upcoming UK Autumn Budget on 23 November remains the major...

FxWirePro: USD/CNY hovers around 6.90 mark, PBOC sets yuan mid-point at 6.8985

Nov 21, 2016 06:03 am UTC| Technicals

USD/CNY is currently trading around 6.8970 marks. It made intraday high at 6.8982 and low at 6.8865 levels. Intraday bias remains bullish till the time pair holds key support at 6.85 marks. On the top side,...

FxWirePro: EUR/JPY rallies likely to drag as bulls breach at stiff resistance but major trend appears to be in consolidation phase with no substantiation

Nov 21, 2016 05:53 am UTC| Technicals

Bulls manage to break out above resistance of 116.250, Current upswings consistently well above DMAs. Rallies likely to extend upon breach and sustenance above 117.704. Currently, on daily plotting RSI (14)...

FxWirePro: EUR/JPY breakout supported by rising volumes, 200-DMA in sight, stay long

Nov 21, 2016 05:34 am UTC| Technicals

EUR/JPY tracks gains in USD/JPY, bias higher, on track to test 20--DMA at 118.73. The pair has broken out of consolidation phase with rising volumes. Momentum studies are bullish, we see scope for test of 200-DMA...

FxWirePro: USD/INR stabilizes above 68.00 mark after removal of all high-value banknotes by Indian government

Nov 21, 2016 05:08 am UTC| Technicals

USD/INR is currently trading around 68.11 marks. It made intraday high at 68.12 and low at 68.04 marks. Intraday bias remains bullish till the time pair holds immediate support at 67.72 marks. Key...

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Economy

US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns

U.S. stock futures were largely flat Sunday night as investors assessed renewed geopolitical risks surrounding the Strait of Hormuz, with Iran setting conditions for fully reopening the critical oil shipping route. SP 500...

Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge

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China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases

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Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision

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US Dollar Near Two-Month Low as Markets Await Inflation Data

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Politics

Houthi Attack on Yemen’s Mocha Port Kills Seven, Injures 30

Seven people were killed and 30 others wounded after Houthi forces launched a large-scale drone and missile attack on Yemens Red Sea port city of Mocha, according to the Yemeni military. In a statement issued early Monday,...

Taiwan Tests Penghu Defense, Mobile Internet Limits in War Drills

Taiwans military conducted a simulated defense of the strategically important Penghu Islands on Monday as part of its annual Han Kuang military exercises, while authorities prepared to restrict mobile internet speeds in a...

Iran-Oman Hormuz Shipping Deal Nears Final Stage

Iran said Sunday that an agreement with Oman establishing new shipping lanes in the Strait of Hormuz is nearing completion, but Tehran stressed that the crucial waterway will remain closed until the United States meets...

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...

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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