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Wed, Dec 17, 2025 03:05 AM All times are UTC

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FxWirePro:BTC/USD faces strong support around $350, good to buy at dips

Feb 05, 2016 06:57 am UTC| Technicals Digital Currency

BTC/USD has formed temporary bottom around $363 and slightly jumped from that level. Short term trend is slightly bullish as long as support $350 holds. On the higher side the pair has broken minor resistance $380...

FxWirePro:GBP/USD faces strong resistance at 1.4680, good to sell on rallies

Feb 05, 2016 06:36 am UTC| Technicals

Major resistance -1.4675 (55 day MA) The pair has declined after making a high of 1.46677 post Hawkish BOE monetary policy. It is currently trading around 1.45564. Bank of England cuts inflation and growth...

FxWirePro:GBP/JPY breaks major support around 170, good to sell on rallies

Feb 05, 2016 06:15 am UTC| Technicals

Major Support -170 Major resistance -171.15 (Kijun-Sen) Major Trend reversal -172.50 GBP/JPY has broken major support 170 and declined till 169.80. It is currently trading around 170. Short term trend is weak as long...

FxWirePro: Cloud top capping upside in NZD/USD, breaks above could target 0.6880

Feb 05, 2016 05:32 am UTC| Technicals

NZD/USD has been trading a rising wedge pattern, currently at around 0.6690 levels. We see upside in the pair being capped by daily cloud which currently spans between 0.6737 and 0.6656. Price action in the pair was...

FxWirePro: AUD/USD minor resistance at 0.7230, good to go long on breaks above

Feb 05, 2016 05:03 am UTC| Technicals

AUD/USD has seen a strong rally from 0.6827 lows seen on Jan 15th after Aussie bulls bolstered by RBAs rates-on hold decision. The RBA monetary policy statement was a non-event and dismal retail sales further weighing on...

Call update - AUD/USD targets achieved, book full profits

Feb 05, 2016 04:38 am UTC| Technicals

Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-fades-post-RBA-spike-slips-below-071-handle-good-to-buy-dips-153585) has achieved all targets. We advise booking full profits, NFP is major risk ahead,...

Aussie falls after negative retail sales data

Feb 05, 2016 04:25 am UTC| Technicals

An unexpectedly shocking outcome in December retail spending data dragged the Australian dollar lower on Friday. Retail sales turnover was flat in December, according to the Australian Bureau of Statistics (ABS), coming...

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Economy

Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data

Most Asian currencies traded within a narrow range on Tuesday, while the U.S. dollar remained under pressure as investors stayed cautious ahead of several crucial U.S. economic indicators, starting with the nonfarm...

Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface

Australian consumer sentiment weakened sharply in early December, according to a private survey released on Tuesday, highlighting growing concerns about inflation and the broader economic outlook. The latest...

Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data

Wall Street futures edged lower on Monday evening as technology stocks remained under pressure following several weak sessions, while investors turned cautious ahead of critical US labor market and inflation data. Market...

Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist

The Bank of Japan (BOJ) is widely expected to raise interest rates to 0.75% at the conclusion of its two-day policy meeting on Friday, marking the highest level in more than 30 years and closing the year with two rate...

New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes

New Zealand has released updated financial forecasts showing the government is unlikely to return to a budget surplus over the next five years, as weak economic conditions continue to outweigh strict fiscal discipline. The...

Politics

European Leaders Tie Ukraine Territorial Decisions to Strong Security Guarantees

European leaders have agreed that any decisions regarding potential Ukrainian territorial concessions to Russia can only be considered once strong and credible security guarantees are firmly in place, according to a joint...

Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws

Taiwans political crisis has intensified as President Lai Ching-te warned that the islands global credibility and economic competitiveness are at risk, urging parliament to withdraw a series of controversial laws opposed...

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

U.S. President Donald Trump said he is considering an executive order to reclassify marijuana as a less dangerous drug, a move that could significantly reshape federal cannabis policy and the broader marijuana industry. If...

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market

SUPERFORTUNE, a web3 AI application incubated by Manta Network, has launched its first mobile application, expanding beyond crypto-native users into the global consumer market. The SUPERFORTUNE mobile app delivers...

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...