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EUR/USD breaks minor trend line support, decline till 1.0600 likely

Jan 25, 2017 08:18 am UTC| Technicals

Major support 1.07300 (trend line joining 1.05891 and 1.06251). Major resistance 1.0815 (161.8%retraceemnt of 1.07196 and 1.05891). EUR/USD has broken minor trend line support at 1.07300 and declined till...

FxWirePro: USD/ZAR hits fresh 2-month low at 13.28 mark, faces strong support at 13.16

Jan 25, 2017 07:21 am UTC| Technicals

USD/ZAR is currently trading around 13.37 levels. It made intraday high at 13.39 and low at 13.32 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 13.49 mark. A...

FxWirePro: Copper edges lower from session highs at 2.731, close above 2.70 to see further upside

Jan 25, 2017 06:55 am UTC| Technicals

Copper rejected at highs, edges lower from session highs at 2.731. Some intraday weakness seen on daily charts, but weekly charts are bullishly aligned. Chinas copper trade data for the month of December showed...

FxWirePro: After inverse saucer, adjoining handle pattern now on cards for EUR/JPY as interim bulls exhausted at 21-DMA and EMAs

Jan 25, 2017 06:46 am UTC| Technicals

As stated in our recent technical write up on this pair, rallies have extended upto 124 levels or 21-DMA on daily and EMA on monthly plotting. Subsequently, the bear swings seem to be gaining selling interest at this...

FxWirePro:GBP/JPY trades well above trend line resistance, jump till 145 likely

Jan 25, 2017 06:33 am UTC| Technicals

Major support 140.80 (200- day MA) GBP/JPY broken the trend line resistance and jumped till 142.79 yesterday. It is currently trading around 142.35. The pair formed a temporary bottom at 140.77 yesterday and...

FxWirePro: XAG/USD rejects key resistance at $17.26 mark, good to sell on rallies

Jan 25, 2017 06:31 am UTC| Technicals

XAG/USD is currently trading around $16.98 marks. It made intraday high at $17.09 and low at $16.94 levels. Intraday bias remains bearish till the time pair holds key resistance at $17.26 mark. A daily close...

FxWirePro: AUD/USD holds 1H 200-SMA support, good to short break below

Jan 25, 2017 05:56 am UTC| Technicals

AUD/USD hits three-day lows at 0.7534 after Australia core CPI printed at record lows. Data showed Australia core CPI fell to record low of 1.6% y/y. The trimmed mean figure tracked by the RBA came in at 0.4% q/q,...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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Politics

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

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New York Legalizes Medical Aid in Dying for Terminally Ill Patients

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

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

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Trump Allows Commercial Fishing in Protected New England Waters

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Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

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

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

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Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

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Technology

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

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

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

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

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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....
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