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Renminbi Series

FxWirePro: Yuan depreciates as China’s retail sales, industrial production fail to meet expectations

Nov 14, 2016 02:57 am UTC| Technicals

USD/CNY is currently trading around 6.8245 marks. It made intraday high at 6.8283 and low at 6.8068 levels. Intraday bias remains bullish till the time pair holds key support at 6.7769 marks. On the top...

FxWirePro: USD/KRW hits fresh 5-week high at 1,172, consistent break above targets 1,196

Nov 14, 2016 02:10 am UTC| Technicals

USD/KRW is currently trading around 1,170 levels. It made intraday high at 1,172 and low at 1,165 marks. Intraday bias remains bullish till the time pair holds key support at 1,146 levels. A daily close...

FxWirePro: Yen falls in early hours of Asia despite higher than expected GDP data

Nov 14, 2016 01:14 am UTC| Technicals

USD/JPY is currently trading around 107.28 marks. It made intraday high at 107.38 and low at 106.73 levels. Intraday bias remains bullish till the time pair holds key support at 104.96 levels. A daily close...

FxWirePro: EUR/NZD leading oscillators stimulate short-term bulls’ interests but restrained at DMAs and EMAs, major downtrend remains intact

Nov 11, 2016 12:23 pm UTC| Technicals Insights & Views

The interim bulls have bounced back after channel support, upswings to propel further as current price jumps above 7DMA on dailies. The current prices are spiked above 7DMAs and foreseen the extension of upswings upto...

AUD/USD trade idea

Nov 11, 2016 11:36 am UTC| Technicals

Possible Bullish Shark: pattern seen on AUD/USD daily charts. The pair has broken below 100-DMA support at 0.7588. Downside finds major support at 0.7556 (trendline), violation there could see drag till 0.75...

FxWirePro: CAD/JPY interim bulls manage to jump above DMAs and break out resistance at 78.639, on verge of breach above stiff resistance with hammer

Nov 11, 2016 10:01 am UTC| Technicals Insights & Views

On daily terms, the current prices jump above DMAs, 7DMA is on the verge of crossing over 21DMA which is bullish signal Bulls have broken the resistance of 78.639, for now, you could watch out for more rallies towards...

FxWirePro: AUD/USD struggles at 100-DMA support, weakness only on break below

Nov 11, 2016 09:14 am UTC| Technicals

AUD/USD bounces off major trendline support at 0.7570, has retaken 100-DMA. Upside remains capped below 23.6% Fib at 0.7628. Technical indicators support downside in the pair. Major support levels - 0.7570...

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Economy

Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets

Asian stocks mostly advanced on Monday, following record highs on Wall Street as weaker-than-expected U.S. employment data reduced expectations for a Federal Reserve interest rate hike in September. Japan and South Korea...

Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Fears

Asian stock markets moved higher on Monday, following record gains on Wall Street as weaker U.S. employment data reduced expectations for an imminent Federal Reserve interest rate hike. Oil prices also advanced as...

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...

Oil Prices Rise as Hormuz Reopening Remains Uncertain

Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz kept supply concerns elevated, despite signs that Iran and Oman are nearing an agreement on new shipping lanes. Brent crude futures...

BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds

Bank of Japan policymakers are increasingly concerned about inflation pressures, with several officials suggesting that interest rate hikes may need to come faster than financial markets currently expect, according to a...

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,...

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...

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...

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...

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

Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors

Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) are reportedly preparing to invest about 1 trillion yen ($6.32 billion) in a new Japanese semiconductor venture focused on next-generation chips for image...

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...