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Thu, Dec 18, 2025 01:25 AM All times are UTC

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FxWirePro:GBP/USD maintains bullish bias with focus on 1.4800 levels

May 26, 2016 12:32 pm UTC| Technicals

The GBP/USD pair retreated back few pips after soft UK GDP data weighted on British pound during early European afternoon. Despite soft macroeconomic readings from UK, short term picture for pair is still bullish as...

FxWirePro: Gold reduces glitter after breaking wave baseline, bears to prolong 7-week lows as leading oscillators signal bearish momentum

May 26, 2016 11:52 am UTC| Technicals

Technical glance: The technical charts of gold form wave patterns on daily terms as you can see there are upswings and troughs in the recent past. The price behaviour is oscillating within the limits of these waves....

EUR/CAD trade idea

May 26, 2016 11:52 am UTC| Technicals

Major resistance- 1.4823 (200 day MA) EUR/CAD has declined sharply yesterday after the BOC kept its interest rates on hold. The pair has broken major support 1.45395 (May 18th low) and declined till 1.45047 at the...

GBP/USD faces strong resistance at 1.4740, break above targets 1.4800/1.4900

May 26, 2016 10:29 am UTC| Technicals

Major resistance- 1.4770 (May 3rd 2016) Major support 1.46000 Cable has jumped till 1.47394 at the time of writing and slightly declined till 1.46770. It is currently trading around 1.47013. GBP/USD has...

FxWirePro: "Bullish Gartley" formed on Copper dailies, good to buy dips

May 26, 2016 09:23 am UTC| Technicals

Copper is extending bounce off multi-month lows (not seen since Feb 15th) at 2.037 hit on May 19th. Bullish Gartley Pattern on daily charts. Techs also support upside, Stochs and RSI have rolled over from...

FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

May 26, 2016 09:15 am UTC| Technicals

Pattern Formed- Triple bottom Major support - $435 Major resistance- $451 (21 day MA) BTC/USD has made a high of $449.60 yesterday and slightly retreated from that level. . It is currently trading around...

FxWirePro: EUR/GBP slips below 0.76 handle, focus on UK GDP data

May 26, 2016 08:26 am UTC| Technicals

EUR/GBP trades below the 0.76 handle ahead of UK Q1 GDP data, renewed buying interest seen in GBP. A surprisingly upbeat data would act as a catalyst to boost demand from the British Pound. Technicals are highly...

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Economy

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data

U.S. stock index futures inched higher on Wednesday evening, supported by blowout earnings and strong guidance from Micron Technology, although broader gains remained limited as investors stayed cautious ahead of key U.S....

South Korea Warns Weak Won Could Push Inflation Higher in 2025

South Koreas central bank has warned that inflation next year could exceed earlier projections if the Korean won remains weak against the U.S. dollar, raising concerns about price stability and currency market pressures....

Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism

Chinese robotaxi stocks surged in Hong Kong trading on Wednesday, tracking strong overnight gains in Tesla Inc (NASDAQ: TSLA) as investor optimism around autonomous driving and ride-hailing technology continued to build....

Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes

Most Asian currencies edged lower on Wednesday as investors weighed the U.S. Federal Reserves future interest rate path following mixed signals from the latest U.S. labor market data. At the same time, the Indian rupee...

Politics

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions

Taiwans defence ministry announced on Thursday that the United States government has formally initiated the congressional notification process for a proposed $11.1 billion arms sale to Taiwan, underscoring Washingtons...

Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies

A union-aligned investment group has urged major U.S. corporations including Amazon, Walmart and Google-parent Alphabet to explain how President Donald Trumps immigration policies are affecting their finances, workforce...

Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

Venezuela has formally requested an urgent meeting of the United Nations Security Council to address what it described as ongoing U.S. aggression against the country, according to a letter seen by Reuters. The request...

Trump Administration Plans Major Increase in Denaturalization Cases for Naturalized U.S. Citizens

The Trump administration is preparing to significantly expand efforts to revoke U.S. citizenship from some naturalized Americans, according to a report by The New York Times citing internal government guidance. Newly...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...