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FxWirePro: EUR/JPY hovers near daily lows, daily cloud likely to provide support

Jul 07, 2015 10:20 am UTC| Technicals

The single currency relentlessly sold-off amid risk-aversion as traders await upcoming Euro group meeting. Markets await fresh incentives from the Euro Summit on Greek debt negotiations. EUR/JPY hovers near daily lows at...

Pound unperturbed by mixed UK factory data, EUR/GBP subdued on broad euro weakness

Jul 07, 2015 09:39 am UTC| Technicals

EUR/GBP hits lows of 0.7058 in the last hour after range trade in the European morning. The pair is consolidating below 0.71 handle. Currently the pair trades at 0.7073 with resistance at 0.7076 (daily Tenkan...

USD/JPY likely to remain capped at 123.00 today

Jul 07, 2015 05:25 am UTC| Technicals

Japans foreign reserves fell to $1.24 trillion at the end of June, the Ministry of Finance said on Tuesday. Japanese authorities did not conduct any intervention between May 28 and June 26, the ministry said earlier....

AUD/USD looking weak as China equities wobble, RBA rate decision in focus

Jul 07, 2015 04:07 am UTC| Technicals

Pair retaining heavy tone in quiet FX trading ahead of RBA rate decision Market taking note of volatility on Shanghai Composite despite efforts to stabilize AUD vulnerable when China concerns come...

USD/CAD Positive bias

Jul 07, 2015 03:54 am UTC| Technicals

Close above 1.2619, 76.4% Fibonacci targets 1.2835 2015 high Momentum studies, 5, 10 20 dmas head north 1.2550 550M, 1.2600 260M 1.2700 500M option strikes...

EUR/USD calm ahead of EU Summit

Jul 07, 2015 03:02 am UTC| Technicals

Time running out as debt repayments loom and Greek banks strapped for cash Pair under pressure as market awaits the result of yet another EU summit EU leaders are urging Greek PM Tsipras to come up with...

USD/MYR onshore extend fall on aggressive agents sales

Jul 07, 2015 02:51 am UTC| Technicals

Pair dips to 3.8060 low last, agents cited selling from 3.8150 Pair last at 3.8050-80 but offshore NDFs stay at elevated levels Pair last at 3.8260-3.8300, off overnight high at 3.8400...

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Economy

IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production

Chinas planned implementation of stricter rare earth export controls could place up to $6.5 trillion in downstream production outside the country at risk, according to the International Energy Agencys (IEA) latest Global...

U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation

The United States announced on Wednesday that it will impose a 25% tariff on certain imports from Brazil after concluding a year-long Section 301 trade investigation that found several Brazilian policies unfairly...

Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar

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Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings

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Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar

Asian currencies traded in tight ranges on Thursday as a weaker U.S. dollar was balanced by growing investor caution over the escalating Middle East conflict, limiting demand for risk-sensitive regional assets. Market...

Politics

Iran Warns Trump Against Striking Infrastructure, Declares Strait of Hormuz a ‘Red Line’

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DOJ Refuses to Release Unredacted Jeffrey Epstein Files to New Mexico Investigation

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US Restricts Commercial Flights From Congo Amid Ebola Outbreak

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NY Times Challenges Trump Administration Subpoenas Over Air Force One Report

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Trump Orders ICE to Resume Traffic Stops After Deadly Immigration Enforcement Incidents

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Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

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

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Technology

Apple Intelligence China Approval Lifts Alibaba and Baidu Shares

Alibaba and Baidu shares rallied on Thursday after Apple secured regulatory approval to introduce its Apple Intelligence platform in China, a major step toward expanding its artificial intelligence services in one of the...

Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan

Nvidia is strengthening its presence in Japan through new partnerships with leading industrial automation companies, including Fanuc and Yaskawa Electric, as the chip giant pushes to accelerate the adoption of artificial...

Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy

Hyundai Motor has announced plans to acquire SoftBank Groups remaining stake in Boston Dynamics, giving the South Korean automaker full ownership of the robotics company as it expands its artificial intelligence and...

Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks

JPMorgan Chase CEO Jamie Dimon has warned that Anthropics advanced Mythos artificial intelligence model presents significant national security risks, highlighting growing concerns over the potential misuse of powerful AI...

SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry

SpaceX shares fell below their initial public offering (IPO) price for the first time on Wednesday, highlighting growing investor caution as the companys early post-listing momentum continues to fade. The stock dropped...
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