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

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FxWirePro: Swedish krona erases previous loss against euro, intraday bias remains bearish

May 25, 2016 08:35 am UTC| Technicals

EUR/SEK is currently trading around 9.2589 levels. It made intraday high at 9.2762 and low at 9.2545 levels. Yesterday Sweden released unemployment data with positive numbers at 7.3% m/m vs 7.7% m/m previous...

FxWirePro: AUD/USD unable to holds gains above the 0.72 handle, 61.8% Fib caps upside

May 25, 2016 08:35 am UTC| Technicals

AUD/USDs recovery from its lowest level since early March was capped at 61.8% Fib retrace level at 0.7212. Risk-on early on Wednesday supported the commodities and thereby commodity-linked currencies like the...

FxWirePro: GBP/NZD trades lower better than expected New Zealand trade surplus , good to sell on rallies

May 25, 2016 08:17 am UTC| Technicals

Major resistance- 2.17532 GBP/NZD has retreated after making a high of 2.175 on account of better than expected New Zealand trade surplus . New Zealand posted a trade surplus of $292 million in Apr, more than the...

FxWirePro: EUR/JPY extends range trade for a second consecutive day, bias lower

May 25, 2016 07:12 am UTC| Technicals

EUR/JPY is extending range trade for a second consecutive day, with days highs at 122.79 and lows at 122.46. Pair remains capped below 510 DMAs, momentum studies are bearish. Strong support lies at 122.45 (Double...

FxWirePro: USD/CNY breaks key resistance at 6.5510, next target 6.5708 in focus

May 25, 2016 07:06 am UTC| Technicals

USD/CNY is currently trading around 6.5583 marks. It made intraday high at 6.5603 and low at 6.5509 levels. Intraday bias remains bullish till the time pair holds key support at 6.5510 levels. A sustained...

FxWirePro: NZD/CAD holds 50-DMA support at 0.8826, weakness only on break below

May 25, 2016 06:34 am UTC| Technicals

NZD/CAD was rejected at days high by 0.8880 and is currently trading at 0.8846 after hitting session lows at 0.8832. The pair finds strong support by 50-DMA at 0.8826, break below could see test of next major support...

US Oil faces resistance at 161.8% extension, break above targets $50/$50.90

May 25, 2016 06:31 am UTC| Technicals

Major resistance - $49.35 (161.8% retracement of 46.79 and 42.90) Major support - $47.57 (10 day EMA) US oil hits highest in seven months at $49.32 on expected supply drop. The commodity has broken $49.27 (20 the...

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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...