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FxWirePro: History repeats for USD/TRY yet again, gap up opening likely to breach and sustain above 2.9939 – One touch binaries to leverage returns

Sep 26, 2016 05:52 am UTC| Technicals

As anticipated, bullish effects resume after testing trendline support at 2.9375 levels. For more reading, please follow the below weblink that would direct you to our previous analysis on this...

FXWirePro: Gold struggles to close above $1340, good to sell on rallies

Sep 26, 2016 05:46 am UTC| Technicals

Major Support - $1329.35 (daily Kijun-Sen) Major intraday resistance -$1343 (61.8% retracement of $1367.30 and $1302.50, Ichimoku cloud) The yellow metal once again retreated from the high of $1340.61made on...

FxWirePro: AUD/NZD momentum studies bullish, on track to test 200-DMA at 1.0714

Sep 26, 2016 05:26 am UTC| Technicals

AUD/NZD builds on previous weeks gains, up 0.13 percent on the day till now. The pair is trading with a bullish bias, scope for test of 200-DMA at 1.0714. The pair has broken series of major resistances - 1.0485...

FxWirePro: Silver slips below $19.50 in early hours of Asia, bias remains bearish

Sep 26, 2016 05:04 am UTC| Technicals

XAG/USD is currently trading around $19.50 marks. It made intraday high at $19.72 and low at $19.46 levels. Intraday bias remains bearish till the time pair holds key resistance at $19.91 marks. A daily...

FxWirePro: NZD/USD holds above 50-day MA at 0.7225, good to go short on break below

Sep 26, 2016 04:59 am UTC| Technicals

Kiwi under pressure after the dismal New Zealand trade data release. New Zealand trade balance in August fell to -$1265M m/m, below forecasts at -$765.5m. NZD/USD is trading a narrow range, but holds above 50-day...

FxWirePro: USD/INR opens marginally higher at 66.74, bias remains slightly bullish

Sep 26, 2016 04:15 am UTC| Technicals

USD/INR is currently trading around 66.80 marks. It made intraday high at 66.87 and low at 66.74 marks. Intraday bias remains bullish till the time pair holds immediate support at 66.62 marks. Key...

FxWirePro: USD/JPY finds major trendline support at 100.10, weakness only on break below

Sep 26, 2016 04:03 am UTC| Technicals

USD/JPY edges higher to hover around 101 handle after testing session lows of 100.70. Technical studies are inconclusive, a decisive break above hourly 100-SMA at 101.14 could see upside gain traction. We then see...

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Economy

European Stocks Flat as Oil Prices Rise, US CPI in Focus

European stocks were little changed on Monday, holding close to record highs as rising crude oil prices and continued uncertainty over Middle East shipping routes offset optimism following last weeks strong market rally....

S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom

U.S. stock futures edged higher Monday as investors weighed escalating tensions surrounding Iran and the Strait of Hormuz while preparing for crucial U.S. inflation data later this week. SP 500 futures gained about 0.1%,...

Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises

Goldman Sachs expects corporate demand for U.S. equities to remain stronger than new share supply this year, despite a significant recovery in follow-on equity issuance driven partly by artificial intelligence investment....

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...

Politics

South Korea, US Set Major Military Drills for August

South Korea and the United States will hold their annual Ulchi Freedom Shield (UFS) military drills from August 17 to 27, with this years exercises placing greater emphasis on countering drones, GPS interference and...

US ‘Digging In’ Across Indo-Pacific, Pentagon Official Says

The United States remains firmly committed to the Indo-Pacific and has no plans to withdraw from Asia, a senior Pentagon official said Monday, while urging regional allies to take greater responsibility for their own...

Myanmar Rejects ASEAN Special Envoy, Challenges Regional Peace Plan

Myanmars military-backed government has rejected the continued role of ASEANs special envoy, deepening tensions with the regional bloc as Thailand pushes for Myanmar to fully re-engage with Southeast Asian nations....

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...

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

Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch

Apple Inc. (NASDAQ: AAPL) is reportedly testing memory chips from Chinese semiconductor manufacturer CXMT Corp as the rapid expansion of artificial intelligence infrastructure puts increasing pressure on global memory...

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...