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FxWirePro: NZD/USD struggles at 0.6700 handle, good to sell rallies

Dec 04, 2015 05:28 am UTC| Technicals

The Kiwi edged down against the US dollar to 0.6652 from a one-month high of 0.6706 set the previous session, on track to close the week with a weekly gain of 2.1 percent. NZD will likely struggle to break through...

Copper forms Bullish Gartley pattern, good to buy at dips

Dec 04, 2015 03:42 am UTC| Technicals

Pattern formed -Bullish Gartley pattern Potential Reversal Zone (PRZ) - 2.025 Any break below 2.025 will drag the commodity down till 2. On the higher side major resistance is around 2.070 and break above targets...

S&P 500 forms bullish cypher pattern, good to buy at dips

Dec 04, 2015 03:27 am UTC| Technicals

Harmonic Pattern formed- Bullish Cypher pattern Potential Reversal Zone (PRZ) - 2020 The index has broken major support 2060 and declined till 2041 (50 day MA). It is currently trading around 2056 level. It...

FxWirePro: EUR/USD key support at 1.0750, upside prevails in the short term

Dec 03, 2015 19:13 pm UTC| Technicals

The EUR/USD has surged sharply towards 1.0930 levels, after buyers stepped in after the hawkish comments from ECBs Draghi earlier in todays ECB press conference. The pair is currently trading in overbought condition and a...

FxWirePro: USD/JPY key support at 122.80, bullish in the short term

Dec 03, 2015 15:24 pm UTC| Technicals

The USD/JPY pair slipped towards 122.85 levels after hawkish comments from ECBs Draghi, however the pair pulled back some losses after the US market opened. Currently the pair is trading around 123.25 levels, a short dip...

FxWirePro: USD/CAD key support at 1.3290, buy deals are recommended around 1.3340

Dec 03, 2015 14:50 pm UTC| Technicals

USD/CAD slipped backwards towards 1.3290 levels after bullish ECB meeting. However, after finding support at 1.3290 the pair has rebounded back reversing the early losses. further decline is expected to be limited around...

GBP/AUD breaks major support 2.050, decline till 2 is possible.

Dec 03, 2015 12:30 pm UTC| Technicals

GBP/AUD has broken major support 2.0500 and declined till 2.037. Overall trend is weak as long as resistance 2.080. The pairs minor support is around 2.0350 and any break below 2.0350 will drag the pair further down till...

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Economy

Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears

Oil prices remained elevated during Asian trading on Wednesday as markets processed mixed signals surrounding the ongoing conflict with Iran. Brent crude futures for June climbed 0.5% to $104.47 per barrel, while West...

Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying

Asian equity markets posted strong gains on Wednesday, driven by U.S. President Donald Trumps remarks signaling a potential end to military operations against Iran within two to three weeks. Renewed investor optimism,...

Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms

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Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected

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South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand

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Politics

U.S.-Iran War: Rubio Says Finish Line Is Visible as Diplomatic Talks Begin

U.S. Secretary of State Marco Rubio expressed cautious optimism on Tuesday, stating that Washington can see the finish line in its ongoing military conflict with Iran, now entering its fifth week. Speaking on Fox News...

Trump Signs Executive Order Tightening Mail-In Voting Rules Amid Legal Backlash

President Donald Trump signed a sweeping executive order Tuesday aimed at tightening mail-in voting regulations across the United States, setting off immediate legal threats from voting rights advocates and Democratic...

Trump Attends Supreme Court Hearing on Birthright Citizenship Restrictions

President Donald Trump made a rare personal appearance at the U.S. Supreme Court on Wednesday to witness oral arguments in a landmark case centered on his executive order restricting birthright citizenship marking one of...

Rubio Calls for Democratic Transition and Free Elections in Venezuela

U.S. Secretary of State Marco Rubio declared Tuesday that Venezuela must undergo a political transition leading to free and fair elections, while urging both patience and vigilance from Washington. Speaking on Fox News...

U.S. Senator Pushes to Permanently Block Chinese Automakers from American Market

Republican Senator Bernie Moreno announced plans to introduce legislation next month that would permanently and comprehensively ban Chinese automakers from the U.S. automotive market. The proposed bill would expand on an...

Science

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Technology

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...

Apple Turns 50: From Garage Startup to AI Crossroads

In early 1976, engineer Steve Wozniak finished designing a computer circuit board he planned to share with fellow hobbyists at a local California tech club. His friend Steve Jobs recognized a commercial opportunity, and...

Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda

Secretary of State Marco Rubio has instructed American diplomats to leverage social media platform X and collaborate with Pentagon psychological operations units as part of a broader strategy to combat foreign...

Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers

Microsoft Corporation (NASDAQ: MSFT) is reportedly in exclusive negotiations with Chevron Corp (NYSE: CVX) and investment firm Engine No. 1 to develop a massive energy complex in West Texas dedicated to powering its...

California's AI Executive Order Pushes Responsible Tech Use in State Contracts

California Governor Gavin Newsom signed a landmark executive order Monday, setting new standards for artificial intelligence governance in state contracting. The directive requires companies seeking government contracts to...
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