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FxWirePro: AUD/JPY breaks major trendline resistance at 87.30, eyes weekly 200-SMA at 88.70, stay long

Jul 14, 2017 10:01 am UTC| Technicals

AUD/JPY has broken major trendline resistance at 87.30, bias remains higher. The pair is on track to test weekly 200-SMA at 88.70. Violation there could see further upside. Next major bull target above weekly...

FxWirePro: USD/JPY upside fails to hold break above 5-DMA, bias lower, stay short

Jul 14, 2017 09:18 am UTC| Technicals

USD/JPY upside largely capped below 5-DMA at 113.57, US dollar remains on the defensive ahead of key US CPI data. US CPI is expected to come in at +0.1% m/m versus -0.1% seen last, while core figures are expected to...

FxWirePro: Buy USD/CHF on dips

Jul 14, 2017 08:27 am UTC| Technicals

USD/CHF has formed a minor top around 0.96930 on Jul 11th 2017 after forming a bottom around 0.9550. The pair declined till 0.96025 from the high and currently trading around 0.9693. In the hourly chart the pair is...

FxWirePro: AUD/CAD finds major resistance at 0.9929, further upside only on break above

Jul 14, 2017 07:16 am UTC| Technicals

AUD/CAD is extending grind higher for 2nd consecutive session. 5-DMA has turned and supports further upside. Bullish RSI divergence on 4-hourly charts keeps scope for upside. The pair has shown decisive break above...

FxWirePro: South African rand rises gradually against U.S. dollar, bias remains slightly bearish

Jul 14, 2017 07:06 am UTC| Technicals

USD/ZAR is currently trading around 13.18 levels. It made intraday high at 13.21 and low at 13.16 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.27 mark. A daily close...

FxWirePro: Buy GBP/JPY on dips

Jul 14, 2017 07:02 am UTC| Technicals

GBP/JPY has declined sharply after forming a temporary top around 147.77. The pair hits low of 145.26 and slightly recovered from that level. It is currently trading around 146.75. Short term trend is bullish as long...

FxWirePro: AUD/CHF momentum bullish, on track to test 61.8% Fib at 0.7554, stay long

Jul 14, 2017 06:54 am UTC| Technicals

AUD/CHF extends bullish momentum after break above major channel top resistance at 0.7375. We see scope for test of 61.8% Fib retrace of 0.7806 to 0.7146 fall at 0.7554. Aussie buoyed by China trade data on...

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Science

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Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

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John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

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Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...
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