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Mon, Aug 10, 2026 03:26 AM All times are UTC

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FxWirePro: China's yuan falls to lowest since June 2008, PBOC sets yuan mid-point at 6.8796

Nov 18, 2016 07:09 am UTC| Technicals

USD/CNY is currently trading around 6.8960 marks. It made intraday high at 6.8970 and low at 6.87 levels. Intraday bias remains bullish till the time pair holds key support at 6.8090 marks. On the top side,...

FX Hedging Strategy Series

FxWirePro: GBP/JPY bulls take off after whipsaws, strength index sees more rallies upto next resistances of 138-139

Nov 18, 2016 06:52 am UTC| Technicals

We had already urged for the upswings after testing supports at 126.362 levels, thereafter, youve seen the bullish effects so far. For now, more rallies are likely but see stiff resistance at 138-139 levels. Current...

FxWirePro: USD/JPY off 5-month highs at 110.78, bias higher, good to buy on dips

Nov 18, 2016 06:51 am UTC| Technicals

USD/JPY hit fresh 5-month highs at 110.78 after Yellen-led extensive rally. The pair has edged slightly lower, but momentum studies are highly bullish. Break of weekly 200-DMA at 108.45 has confirmed further...

FxWirePro: USD/CAD faces strong support at 1.34000, good to buy on dips

Nov 18, 2016 06:46 am UTC| Technicals

Major resistance- 1.35880 (Nov 14th high) Major support 1.34000 Lonnie recovered sharply after making a low of 1.3399. It is currently trading around 1.35570. USD has gained sharply against all major pairs...

FxWirePro: Silver trades lower in early hours of Asia, stay bearish

Nov 18, 2016 06:15 am UTC| Technicals

XAG/USD is currently trading around $16.58 marks. It made intraday high at $16.70 and low at $16.52 levels. Intraday bias remains bearish till the time pair holds immediate resistance at $17.22 marks. A...

FxWirePro: EUR/JPY on track to test 200-DMA, good to buy on dips

Nov 18, 2016 06:05 am UTC| Technicals

EUR/JPY has broken out of consolidation phase with rising volumes. Momentum studies are bullish, we see scope for test of 200-DMA at 118.78. Bullish invalidation only below 20-DMA at 115.36, violation there could...

FxWirePro: Gold breaks 100-W MA, good to sell on rallies

Nov 18, 2016 05:59 am UTC| Technicals

Major resistance $1233 (Nov 16th high) Major support - $1200 The yellow metal breaks the low of $1210 and declined till $1205.30 at the time of writing. It is currently trading around $1207. Gold showed a...

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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

Japan recorded a current account deficit in June for the first time in 17 months, as rising dividend payments to overseas investors and higher oil import costs weighed on the countrys external balance. The current account...

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

Chinas consumer inflation slowed more than expected in July, while factory-gate prices remained firmly in deflationary territory, highlighting continued weakness in domestic demand despite signs of improvement in the...

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

Australian shares moved lower on Monday as a sharp decline in Westpac Banking Corporation weighed on the financial sector, while gains in mining stocks helped limit broader market losses ahead of the Reserve Bank of...

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

The U.S. dollar traded near a two-month low against major currencies on Monday as investors turned their attention to upcoming U.S. inflation data for fresh signals on the Federal Reserves interest rate outlook. The euro...

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...