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USD/CNH consolidates, but trend is higher

Feb 20, 2015 02:51 am UTC| Technicals

Tight ranges during Chinese New Year - opened +40pts Slight 6.2815 spike early - momentum studies, 5, 10 20 dmas move higher Positive setup targets 6.2898 2015 high, then 6.3495 50% 2011/14 fall 6.2744 5...

NZD/USD slightly higher in slow trade

Feb 20, 2015 02:34 am UTC| Technicals

NZD moves higher along with AUD and CAD in uneventful trading AUD/NZD flat-lined between 1.0360/1.0372 within broad 1.03/1.04 range Retail Japan returns eyeing NZD and AUD supporting at the...

USD/CAD trading tight range, with softer oil, trades +0.74%

Feb 20, 2015 01:52 am UTC| Technicals

5, 10 20 DMAs crest, Bollingers contract - momentum studies conflict NY 1.2477/1.2556 range initial support and...

USD/MXN off session highs after Philly Fed miss

Feb 19, 2015 16:13 pm UTC| Technicals

Source: Thomson Reuters USD/MXN off session highs (14.99), offered ahead of 15.00, after Philly Fed miss Mexicos Carstens says will remain vigilant to Mexicos fx rate output gap Also US tightening could affect...

N225 futures near highs, underpin USD/JPY

Feb 19, 2015 15:33 pm UTC| Technicals

Source: Thomson Reuters Philly Fed 119 expires tug on USD/JPY prices Philly Fed overall not bad, but big Inventories rise, 6-mo outlook are worries Treasury yields fell slightly on report, added to big 119...

USD/CLP steady near 621, holds 50-DMA support

Feb 19, 2015 15:10 pm UTC| Technicals

Source: Thomson Reuters USD/CLP steady on the day near 621, holds 50-DMA support by 619.25 Copper quiet due to Chinese New Year, Chile rates on hold (3%) due to above target inflation USD/CLP support at 619.25...

EUR/GBP rebound capped by 200 HMA at 0.7411

Feb 19, 2015 14:44 pm UTC| Technicals

Source: Thomson Reuters EUR/GBP intraday stalls at 0.7358, bearish risk still remains Rebound capped by 200 HMA at 0.7411 Pair eyes the 2008 low at 0.7321 below the 0.7348 Scope to 0.7256 long-term fibo beyond...

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Economy

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand

Chinas economic momentum showed further signs of strain in November as key indicators pointed to slower growth in industrial output and a sharper-than-expected slowdown in consumer spending, according to official data...

Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns

Oil prices edged higher on Monday, recovering part of last weeks sharp decline, as rising geopolitical tensions between the United States and Venezuela fueled concerns over potential supply disruptions. These worries...

Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks

The U.S. dollar remained under pressure on Monday, extending losses near a two-month low, while the euro and British pound held relatively steady as investors awaited a series of critical central bank decisions this week....

Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious

Asian stock markets opened the week lower as investors reduced risk exposure amid thin year-end liquidity, looming central bank decisions, and a packed schedule of delayed economic data releases. Early Monday trading saw...

Politics

Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip

U.S. President Donald Trump has filed a major defamation lawsuit against the British Broadcasting Corporation (BBC), accusing the publicly funded broadcaster of misleading editing that falsely portrayed him as inciting...

Lukashenko Says Maduro Welcome in Belarus Amid Rising U.S.-Venezuela Tensions

Belarusian President Alexander Lukashenko has said that Venezuelan President Nicolas Maduro would be welcome to seek refuge in Belarus if he ever chose to leave office, although he stressed that no such discussions have...

U.S. Suspends UK Technology Deal Amid Trade Disputes Under Trump Administration

The United States has suspended a major technology partnership with the United Kingdom that was designed to strengthen cooperation in artificial intelligence, quantum computing, and civil nuclear energy, according to a...

U.S. Offers NATO-Style Security Guarantees to Ukraine as Peace Talks Show Progress

The United States has offered Ukraine NATO-style security guarantees as negotiations involving U.S., European, and Ukrainian officials showed signs of progress toward ending Russias war in Ukraine. Talks held in Berlin...

Special Prosecutor Alleges Yoon Suk Yeol Sought North Korea Provocation to Justify Martial Law

A South Korean special prosecutor has accused former President Yoon Suk Yeol of attempting to provoke North Korea into an armed confrontation as part of an alleged plot to justify the declaration of martial law in December...

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

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...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...
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