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FX Hedging Strategy Series

FxWirePro: KRW rout likely to continue despite trade surplus -hedging perspectives

Feb 26, 2016 10:39 am UTC| Technicals

KRW was the worst performing Asian currency since the start of November, losing 3.9% against the USD. Broadly, the domestic data over this period has been disappointing. South Korea recorded a trade surplus of USD 5.3...

CAD/JPY faces strong resistance around 83.60, break above targets 84.70/85.30

Feb 26, 2016 10:39 am UTC| Technicals

Pattern Formed -Cup and handle Major resistance -83.60 The pair has slightly retreated till 83.13 after making a high 83.595. It is currently trading around 83.52. Short term trend is bullish as long as...

FxWirePro: Buy NZD/CAD breakout above 0.9175, bullish invalidation below 0.9075

Feb 26, 2016 10:00 am UTC| Technicals

NZD/CAD has been trading a symmetric triangle pattern, awaiting breakout for further direction. The pair is holding above strong trendline support at 0.9075, breaks below could take the pair to 0.9050...

Norwegian krone turns positive after favourable job data report

Feb 26, 2016 09:54 am UTC| Technicals

EUR/NOK is currently trading at 9.5110 levels. It made intraday high at 9.5199 and low at 9.4946 levels. Norways unemployment rate remains unchanged at 3.3% but unemployment change falls to 101.01K from...

FxWirePro: EUR/JPY sees strong support at 123.30 levels, weakness only on breaks below

Feb 26, 2016 09:25 am UTC| Technicals

EUR/JPY rejected at days high at 125, edges lower to currently trade around 124.27 levels. The pair is holding above 5-DMA at 124.05, breaks below could see tests of 123.30 (strong trendline support). The pair...

FxWirePro: GBP/USD struggles to break above 1.4020, good to sell on rallies

Feb 26, 2016 09:19 am UTC| Technicals

Minor resistance -1.4020 Major resistance -1.4085 The pair has recovered from the low of 1.38780 till 1.40194 time of writing. Short term trend is still weak as long as resistance 1.40850 holds. On the lower...

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

Feb 26, 2016 09:04 am UTC| Technicals Digital Currency

BTC/USD has recovered after making a low of $ is currently trading around $421.40. Short term trend is still bullish as long as support $390 holds. Any break below $390 confirms minor trend reversal, decline till...

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Economy

China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious

China has once again kept its benchmark lending rates unchanged, extending the pause in monetary policy adjustments to a seventh consecutive month in December, in line with broad market expectations. The Peoples Bank of...

Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike

Asian share markets moved higher at the start of the week, following strong tech-led gains on Wall Street, while the Japanese yen continued to weaken sharply against major currencies despite a significant interest rate...

China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries

Chinas sweeping reforms to its electricity market are rapidly transforming the economics of energy storage, driving a surge in both domestic deployment and global exports of battery technology. As international demand for...

Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization

Global investors and borrowers are increasingly turning to the Chinese yuan as lending and financing activity accelerates, driven by attractive pricing and Chinas long-term push to internationalize its currency....

Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand

Silver prices surged to a record high during early Asian trading on Monday, driven by escalating geopolitical tensions that boosted demand for safe-haven assets across global markets. Concerns over renewed hostilities...

Politics

NSW Parliament Recalled After Bondi Beach Shooting to Debate Stricter Gun Laws and Protest Limits

Australias New South Wales state parliament was recalled on Monday for an urgent two-day session to debate proposed new laws that would significantly tighten firearm ownership, ban the public display of terror symbols, and...

U.S. Coast Guard Pursues Sanctioned Oil Tanker Near Venezuela Amid Rising Geopolitical Tensions

The U.S. Coast Guard is actively pursuing a sanctioned oil tanker in international waters near Venezuela, according to U.S. officials cited by Reuters, marking what could become the third such operation in less than two...

Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift

Japan is approaching a pivotal moment in its post-Fukushima energy policy as the Niigata regional assembly is expected to endorse the restart of the Kashiwazaki-Kariwa nuclear power plant, the largest nuclear facility in...

Justice Department Restores Trump Photo in Epstein Files After Review Clears Image

The U.S. Department of Justice confirmed on Sunday that a photo involving President Donald Trump, which had briefly been removed from the cache of Jeffrey Epstein-related documents, was restored after an internal review...

U.S., Europe, Ukraine Hold Productive Florida Talks on Ending Russia-Ukraine War

Senior officials from the United States, Europe, and Ukraine concluded three days of high-level talks in Florida aimed at advancing efforts to end Russias war in Ukraine, with discussions centered on aligning positions and...

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

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...

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...