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USD/JPY forms bullish Gartley pattern, jump till 120.40 is possible

Sep 18, 2015 11:58 am UTC| Technicals

RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.75 (61.8% retracement of 121.75 and 119.21) RES 2: 120.23 (20 day 4 HMA) RES 1: 119.75 ( 7 day 4 H EMA) PRICE: 119.24 @11:57 GMT SUP 1: 119.50 (38.2%...

FxWirePro: Sell USD/CAD on rallies around 1.3040-45 with SL around 1.3090 for the TP of 1.2960

Sep 18, 2015 10:43 am UTC| Technicals

Loonie breaks major support 1.3050, a decline till 1.2955 cannot be ruled out . On the higher side minor resistance is around 1.3090 and any break above will take the pair till 1.3130/13180. Short term bullishness only...

EUR/AUD Trade idea

Sep 18, 2015 10:36 am UTC| Technicals

EUR/AUD has been consolidating in narrow range between 1.6065-1.5660 for the past three trading session. It is currently trading at 1.5777. On the downside it has broken major short term support 1.5800 and this confirms...

USD/JPY faces strong support at 118.60, jump till 120 is possible

Sep 18, 2015 10:16 am UTC| Technicals

Harmonic pattern formed- Bullish Gartley pattern Potential Reversal Zone (PRZ) -119.15 The pair has retreated after making a high of 120.98 yesterday. Its major support is around 118.60 (Sep 4th low) and any further...

EUR/AUD breaks short-term support 1.5800, decline till 1.5660 is possible

Sep 18, 2015 09:01 am UTC| Technicals

FxWirePro: Hedge USD/CAD with PRBS as delta risk reversal projects intermediate term trend reversal

Sep 18, 2015 08:18 am UTC| Technicals

Rationale: From the table showing delta risk reversal and below technical indications, the real challenge depends on a smart interpretation of these numbers and scrutiny of trend. The delta risk reversals of 1W to 1M...

USD/CAD faces strong support around 1.3050, break below targets 1.2960

Sep 18, 2015 07:48 am UTC| Technicals

Loonie breaks short term trend line support and has declined till 1.30733. It is currently trading at 1.3137. Short term trend is still weak as long as resistance 1.3220 holds. The pairs minor resistance is around...

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Economy

Gold Prices Slip in Asia as Iran Strait Deadline Looms

Gold prices retreated in Asian trading on Monday following a strong weekly performance, with investors closely watching escalating tensions between the United States and Iran over control of the Strait of Hormuz. Spot gold...

Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact

Asian markets opened with a cautious tone Monday as geopolitical tensions in the Middle East continued shaking investor confidence. U.S. President Donald Trumps stern warning to Iran threatening devastating military...

Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation

Global currency markets opened cautiously on Monday as the U.S. dollar maintained its footing while the Japanese yen hovered dangerously close to the psychologically significant 160-per-dollar threshold. Thin trading...

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says

Goldman Sachs analysts believe China is among the best-positioned major economies to weather the current oil price shock stemming from escalating Middle East tensions, citing the countrys diversified energy strategy,...

Politics

Taiwan Opposition Leader's China Visit: A Peace Mission Amid Rising Tensions

Taiwans Kuomintang (KMT) chairwoman Cheng Li-wun is heading to China on Tuesday in a landmark visit the first by a KMT leader in over a decade. She describes the trip as a peace mission, with a potential meeting with...

U.S. and Iran Edge Toward Potential 45-Day Ceasefire Amid Escalating Tensions

Diplomatic efforts between the United States and Iran are gaining momentum, with mediators from Pakistan, Egypt, and Turkey joining negotiations aimed at brokering a potential 45-day ceasefire, according to a report by...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

Iran Rejects Trump's Hormuz Ultimatum, Threatens Wider Trade Disruption

Iran has firmly pushed back against U.S. President Donald Trumps latest threats over the Strait of Hormuz, dismissing his ultimatum and introducing new conditions that could further destabilize global trade routes. The...

Trump Issues Deadline for Iran to Reopen Strait of Hormuz Amid Escalating Conflict

President Donald Trump has set an 8:00 p.m. Eastern Time Tuesday deadline for Iran to reopen the Strait of Hormuz, one of the worlds most critical oil shipping routes, warning of severe military consequences if the demand...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

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...

Technology

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...