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FxWirePro: USD/JPY opens gap down at 107.38 mark; hits lowest level since October 10, 2019

Mar 02, 2020 02:01 am UTC| Technicals

USD/JPY is currently trading around 107.98 marks. It made intraday high at 108.04 and low at 107.36 levels. Intraday bias remains neutral for the moment. A daily close above 108.07 will take the parity...

FxWirePro: South Korean won depreciates in early Asia as manufacturing PMI data misses expectations

Mar 02, 2020 01:36 am UTC| Technicals

EUR/KRW is currently trading around 1,330 mark. It made intraday high at 1,333 and low at 1,322 levels. Intraday bias remains bullish till the time pair holds key support at 1,322 mark. A sustained close...

FxWirePro:GBP/AUD runs out of steam but maintains bullish outlook

Feb 28, 2020 18:24 pm UTC| Technicals

GBP/AUD moved to hit daily high at 1.9835, before sellers stepped in, but the strong support at 1.9541 managed to curb the sharp downfall. Downfall may be limited as bids may emerge near 1.9541 support level. At...

FxWirePro: USDCHF takes support near trend line support, jump till 0.9780 likely

Feb 28, 2020 12:39 pm UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 0.96906 Kijun-Sen- 0.97130 USDCHF has halted its 4 days of weakness and jumped more than 50 pips on profit booking. The pair lost more than 200 pips on the...

FxWirePro: USD/NOK rallies to record peak, sustains gains above 9.4000

Feb 28, 2020 11:42 am UTC| Technicals

The Norwegian Krone declined to fresh record lows earlier in the session on mixed economic data. Norways general publics domestic loan debt increased 5.0 percent year-on-year to NOK 6,052 billion at January, easing...

FxWirePro: EUR/SEK at 3-month peak, jump till 10.7010 likely

Feb 28, 2020 11:19 am UTC| Technicals

The Swedish Krona slumped an over 3-month trough following soft GDP growth data. Swedens gross domestic product expanded 0.8 percent in the fourth quarter of 2019 over the same quarter of the previous year, its lowest...

FxWirePro: Danish Krone advances to 3-1/2 week peak on upbeat GDP growth rate and unemployment data

Feb 28, 2020 10:45 am UTC| Technicals

The Danish Krone surged to an over 3-week high following the release of upbeat GDP growth rate figures and unemployment data. Denmarks unemployment rate came in at 3.7 percent in January, unchanged from the previous...

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Economy

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

South Africa is keen to make use of potential new European Central Bank (ECB) repo liquidity lines, according to central bank governor Lesetja Kganyago, as the country continues to navigate easing inflation and a gradual...

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

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...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....