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FxWirePro: Gold faces strong resistance at 55- day EMA, good to buy on dips

Nov 02, 2016 06:35 am UTC| Technicals

Major support - $1275 (200- day MA) The yellow metal breaks major resistance $1284 high made on Oct 28th 2016 and jumped till $1293.17 on account of the tight race for US election and weak US dollar. Gold...

FxWirePro: AUD/JPY forms shooting star, bias lower, short break below 20-DMA

Nov 02, 2016 05:41 am UTC| Technicals

AUD/JPY edges higher from session lows at 78.98, currently, hovers around 20-DMA at 79.20. Shooting star formation seen on AUD/JPY daily charts, close below 20-DMA to see drag lower. Techs support downside in the...

FxWirePro: NZD/USD breaks 100-DMA to hit 2-week high, good to go long on dips

Nov 02, 2016 04:58 am UTC| Technicals

Solid New Zealand employment and GDT price data boosts the kiwi. NZD/USD breaches 100-DMA to hit new 2-week high of 0.7227, bias higher. Techs support further gains, Stochs and RSI are biased higher. The...

FxWirePro: USD/JPY slips below 104 handle, focus on FOMC decision

Nov 02, 2016 04:30 am UTC| Technicals

USD/JPY hits new weekly low of 103.66, JPY bulls extend control for the second straight session amidst persisting risk-off. On the daily charts the pair has broken below 20-DMA at 104.02, intraday bias...

FxWirePro: Nikkei trades weak on tightening US election race, good to sell on rallies

Nov 02, 2016 04:11 am UTC| Technicals

Major resistance - 17500 (trend line joining 16930 and 17159) Nikkei225 pared its gains yesterday on account of tightening US election race and stronger yen. It is currently trading around 17152. The index...

FxWirePro: XAG/USD hits fresh 4-week high at $18.47 mark, faces strong resistance at $18.68

Nov 02, 2016 03:26 am UTC| Technicals

XAG/USD is currently trading around $18.37 marks. It made intraday high at $18.45 and low at $18.31 levels. Intraday bias remains bullish till the time pair holds immediate support at $17.82 marks. A daily...

FxWirePro: USD/SGD rejects key support at 1.3876 mark, good to buy on dips

Nov 02, 2016 02:41 am UTC| Technicals

USD/SGD is currently trading around 1.3901 marks. It made intraday high at 1.3910 and low at 1.3876 levels. Intraday bias remains bullish till the time pair holds key support at 1.3876 marks. A sustained...

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Economy

South Korean Won Leads Asian FX Losses as Dollar Rises

The South Korean won led declines across Asian currencies on Monday as the U.S. dollar strengthened, while the Japanese yen retreated after giving up some of its intervention-driven gains. The U.S. Dollar Index rose 0.18%...

Oil Prices Rise as Hormuz Reopening Remains Uncertain

Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz continued to support the market, despite Iran and Oman moving closer to an agreement on new shipping routes through the strategic...

Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data

Gold prices remained largely steady on Monday, hovering near a seven-week high as investors assessed Middle East geopolitical risks and looked ahead to key U.S. inflation data that could influence the Federal Reserves...

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...

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...