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FX Hedging Strategy Series

FxWirePro: Hedge EUR/CAD risks via option strips in 3:2 on higher IVs with more downside potential

Feb 26, 2016 06:40 am UTC| Technicals

ATM vols have been spiking higher above 15%, the rationale is that any potential downswings should be optimally utilized to maximum extent, so to participate in that downtrend, weights in the portfolio should be increased...

FTSE100 faces strong resistance around 6065, break above targets 6129/6170

Feb 26, 2016 06:22 am UTC| Technicals

Major resistance - 6065 (Feb 17th high) Major support -5990 The index has made a high of 6051 yesterday and closed at 6049. Short term trend is slightly bullish as long as support 5990 holds. On the higher...

Indian rupee likely to fall further against US dollar, intraday bias remains neutral

Feb 26, 2016 06:18 am UTC| Technicals

Pair is currently trading at 68.77 levels. It made intraday high at 68.78 and low at 68.64 levels. Pair is likely to fall further as 20, 30 and 55D EMA heads upside. Key resistance falls at 68.84 levels. A...

FX Hedging Strategy Series

FxWirePro: EUR/CAD breaks double top neckline - stay short via one touch binary put on rallies

Feb 26, 2016 06:00 am UTC| Technicals

On daily plotting, the pair has formed double top pattern with peak 1 at 1.6105 and peak 2 at 1.5913 levels. After breaking below the neckline of double top it has also slid below one more crucial supports at 1.4949...

FxWirePro: AUD/NZD breaks below daily cloud, scope for test of trendline at 1.0570

Feb 26, 2016 05:54 am UTC| Technicals

AUD/NZD extends downside after rejection at triangle top at 1.0874 in Wednesdays trade. Price action has fallen below the cloud and Stochs on daily charts have rolled over from overbought levels confirming further...

Gold faces major resistance around $1240, break above targets $1263

Feb 26, 2016 05:26 am UTC| Technicals

Major resistance - $1240 (Trend line joining $1253 and $1242) Major support - $1230 Yellow metal has made a high of $1242.94 yesterday and slightly declined from that level. It is currently trading around...

FxWirePro: GBP/NZD hits fresh multi-year lows, 2.0458 next likely target for bears

Feb 26, 2016 05:16 am UTC| Technicals

GBP/NZD extends grind lower, breaks below support at 2.05651. The pair has at the moment pared some losses and is currently trading at 2.0676. No signs of reversal, Techs show scope for further downside, 2.0458...

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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

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

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

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

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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...
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