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FxWirePro: EUR/USD gains capped by 1.0980, momentum remains on downside

Aug 04, 2015 09:54 am UTC| Technicals

EUR/USD recovers from days low by 1.0931 but keeps below the 1.1000 handle as EUR bulls struggle to extend gains Upbeat PMI data from the eurozone yesterday was largely ignored by the markets, traders cautious ahead of...

FxWirePro: Cable struggles to hold above the 1.56 handle, awaits UK construction PMI

Aug 04, 2015 07:17 am UTC| Technicals

Greenback weakness across the board helping GBP/USD higher, pair is currently struggling to hold above the 1.56 handle Cable met headwind pre-1.5624 after extending north from 1.5570 (Asia low), has from there retraced...

FxWirePro: USD/JPY key support at 124.08, buy deals are recommended above 124.10

Aug 03, 2015 13:17 pm UTC| Technicals

USD/JPY is approaching to test minor resistance level at 124.26. The pair rebounded after testing 124.08 support level in the earlier sessions, the support level at 124.08 is set to hold the bears and advance further to...

FxWirePro: EUR/USD key resistance at 1.1005, sell deals are recommended below 1.0970

Aug 03, 2015 12:31 pm UTC| Technicals

The pair is approaching minor resistance level at 1.0963. The resistance level located at 1.0005 is strong and it is expected to hold the bulls from advancing further. The pair is trading around 1.0958 levels and it...

FxWirePro: USD/CAD hits fresh multi-year peaks, weak Canadian GDP data and falling oil prices weigh on CAD

Aug 03, 2015 12:09 pm UTC| Technicals

Weakness around crude oil prices buoyed USD/CAD spot well above the 1.3100 handle Oil prices dropped to multi month lows on Monday as OPEC supply rises in July and demand concerns on weak China data USD/CAD spot jumped...

FxWirePro: GBP/USD approaching support level at 1.5550, bullish in the short term

Aug 03, 2015 12:07 pm UTC| Technicals

GBP/USD approaching support level at 1.5550, currently the cable is trading around 1.5570 levels, the resistance level at 1.5550 is set to hold the bears, and bring another rebound sooner or later. Pull back in the range...

FxWirePro: USD/CHF key support level at 0.9620, buy deals are recommended above 0.9640

Aug 03, 2015 12:03 pm UTC| Technicals

USD/CHF pair is approaching support level 0.9670, the support level at 0.9620 is set hold the bears and push pair further up. The pair is currently trading around 0.9676 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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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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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

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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

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Technology

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

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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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