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FxWirePro: EUR/USD interim bulls at 11-months lows to create space for more slumps as major non-directional trend turning into bears favor

Nov 17, 2016 12:48 pm UTC| Technicals Insights & Views

The pair surged to 1.0711, Wednesdays 11-month trough of 1.06651 as dollar losing traction today, however, remained closer to the multi-year highs. Snap rallies to deploy shorts as no traces of indications of...

FxWirePro:US Dollar Index faces strong resistance at 161.8% fibo, good to sell on rallies

Nov 17, 2016 12:13 pm UTC| Technicals

Major resistance - 101.12 (161.8% retracement of 99.12 and 95.89). Pattern formed Bearish Divergence The U.S dollar index has made a high of 100.57 and slightly declined from that level. It is currently trading...

FxWirePro: GBP/JPY forms shooting star in daily chart, good to sell on rallies

Nov 17, 2016 10:00 am UTC| Technicals

Candlestick pattern- Shooting star. Major resistance- 136.86 GBP/JPY has made a high of 136.76 yesterday and started to decline from that level. The pair declined till 135 and started to jump from that level. It...

FxWirePro: EUR/CAD attempts recovery from 1-month low, bias lower, good to sell rallies

Nov 17, 2016 09:12 am UTC| Technicals

EUR/CAD hit fresh 1-month lows of 1.4317 on Wednesday. The pair is attempting a fragile recovery on the day, but upside lacks traction. Technical studies are bearish, we see scope for further downside. Major...

FxWirePro: DAX30 faces strong resistance at 10830, good to sell on rallies

Nov 17, 2016 08:54 am UTC| Technicals

Major resistance- 10830 (Oct 25th 2016 high) Major support 10550 (50- day MA) DAX30 has once again retreated after jumping till 10783.It is currently trading around 10644. Short term trend is still bearish...

FxWirePro: Turkish lira recovers slightly against U.S. dollar from record low at 3.3276, bias remains neutral

Nov 17, 2016 08:32 am UTC| Technicals

USD/TRY is currently trading at 3.3134 levels. It made intraday high at 3.3254 and low at 3.3089 levels. Intraday bias remains neutral till the time pair holds key resistance at 3.3276 levels. Key...

EUR/USD: Bullish Gartley and Bullish Pattern

Nov 17, 2016 07:58 am UTC| Technicals

Harmonic Pattern formed Bullish Gartley pattern Bullish AB=CD pattern Potential Reversal zone- 1.05168. EUR/USD has formed bullish Gartley pattern in the daily chart. The pair breaks major pschycological...

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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...