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FxWirePro: EUR/GBP weak, upbeat UK service PMI could spur further falls

Aug 05, 2015 08:20 am UTC| Technicals

EUR/GBP is trading at multi-day lows by 0.6969 and is consolidating below the 0.70 handle 10 30-DMAs are negatively aligned, reinforcing the overall bearish bias Immediate support is seen at 0.6965, breaks below which...

FxWirePro: EUR/USD downside gathers momentum ahead of EZ final services PMI data

Aug 05, 2015 07:34 am UTC| Technicals

Euro is extending its downside momentum into a third-day against the US dollar on Wednesday EUR/USD opened days trade at 1.0879, fell to lows of 1.0847 and is currently trading at 1.0862 Downside in the pair is again...

FxWirePro: NZD/USD lower on soft NZ Jobs data and Dairy price plunge

Aug 05, 2015 06:00 am UTC| Technicals

Comments by Feds Lockhart overnight drove the greenback higher across the board GlobalTradeDairy auctions were 9.3% lower, taking the level of dairy prices to around 12 year lows Soft NZ jobs data which leaves door open...

FxWirePro: AUD/USD edges lower, broad USD strength weighs

Aug 05, 2015 05:31 am UTC| Technicals

AUD bulls take a breather after the recent upsurge, ignore stronger than expected Chinese services PMI data AUD/USD opened Wed 0.7377 and traded a 0.7349-83 range, loses some shine in wake of Lockharts comments...

FxWirePro: USD/JPY on track to reclaim 124.50 levels

Aug 05, 2015 04:36 am UTC| Technicals

Broad based US dollar strength pushing USD/JPY higher, trades closer to key 124.50 levels Fed Lockharts comments that Sept would be the appropriate time to raise interest rates boosted the buck Poor Japanese services PMI...

FxWirePro: AUD/USD key resistance at 0.7450, sell deals are recommended below 0.7430

Aug 04, 2015 14:10 pm UTC| Technicals

AUD/USD rebounded strongly after RBA statement earlier in Asian session. The pair hit daily high at 0.7406 levels and is retreating back from highs. The pair is expected to decline further towards 0.7370 and later 0.7350...

FxWirePro: USD/CHF key support at 0.9686, buy deals are recommended above 0.9670

Aug 04, 2015 13:02 pm UTC| Technicals

USD/CHF pair is approaching support level 0.9686, the support level at 0.9686 is set hold the bears and push pair further up. The pair is currently trading around 0.9698 levels. It is expected to, advance further...

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Economy

Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes

Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

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Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions

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China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

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Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

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Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

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U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

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North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

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Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

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Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

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Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

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

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 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...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...
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