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Sat, Dec 20, 2025 02:44 AM All times are UTC

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FxWirePro: USD/JPY extends range trade, struggles at the 107 handle ahead of NFP

May 06, 2016 07:29 am UTC| Technicals

USD/JPY is confined in a 38-pips narrow range, extends subdued trade as markets await crucial NFP data. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum. The...

FxWirePro: S&P500 faces strong resistance 2070, good to sell on rallies

May 06, 2016 06:43 am UTC| Technicals

Major support - 2045 Major resistance - 2070 Short term trend reversal Level- 2085 The index has retreated after making a high of 2065. It is currently trading around 2047. Any break below 2045 will...

FX Hedging Strategy Series

FxWirePro: NZD bulls rise in trending up channel - go short in NZD/USD upon breach below channel support

May 06, 2016 06:40 am UTC| Technicals

In last couple of weeks, weve been observing bulls taking their role in rising channel pattern. But, the current prices have now slid below DMAs, a decisive break below channel support creates more bearish pressures,...

FxWirePro: AUD/JPY breaks major support at 79.60, stay short for 77.60

May 06, 2016 06:06 am UTC| Technicals

AUD/JPY has been trading a falling channel on the weekly charts. Technicals indicators support downside. Major support around 76.50 zone has been breached, test of 77.60 level likely. Further weakness could see...

FxWirePro: EUR/AUD major resistance 1.5440, good to buy breakout above

May 06, 2016 05:28 am UTC| Technicals

Dovish RBA SoMP weighed on the Aussie, pushing EUR/AUD higher. The pair broke above daily cloud and is testing major resistance at 1.5440. Australian inflation and wage growth outlook cast a mantle of doubt over...

FxWirePro: USD/INR opens slightly higher at 66.56, good to buy on dips

May 06, 2016 05:15 am UTC| Technicals

USD/INR opened at 66.56 marks vs 66.49 previous close. Intraday bias remains bullish till the time pair holds key support at 66.32 marks. A daily close below 66.32 will take the parity down around key supports...

FxWirePro: FTSE100 faces strong support at 6100,good to sell on rallies

May 06, 2016 05:13 am UTC| Technicals

Major resistance - 6200 (200 day MA) Major support- 6100 FTSE100 slightly recovered till 6154 yesterday after making a low of 6097.The index is facing immense selling pressure on higher levels mostly near 5200...

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Economy

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

Politics

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow

U.S. President Donald Trump said on Friday that he plans to meet with major health insurance companies in the coming weeks in an effort to push for significantly lower healthcare costs, as millions of Americans face the...

Epstein Files Released by DOJ Spotlight Bill Clinton, Raise Questions Over Trump Mentions

The U.S. Justice Department has released hundreds of thousands of pages of documents related to the late financier and convicted sex offender Jeffrey Epstein, a move that has reignited political controversy and public...

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

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

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

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...