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FxWirePro: USD/SGD hovers around 1.36 mark, sustain a break above targets 1.3646

Jul 21, 2016 00:56 am UTC| Technicals

USD/SGD is currently trading around 1.3586 marks. It made intraday high at 1.3594 and low at 1.3565 levels. Intraday bias remains bullish till the time pair holds key support at 1.3527 marks. A daily close...

FxWirePro: GBP/USD consolidating around 1.3142, bias is bullish

Jul 20, 2016 18:59 pm UTC| Technicals

The Sterling surged higher against the greenback on Wednesday after data showed Britains jobless rate fell in May to its lowest level since 2005 as the labour market strengthened in the run-up to last months vote to leave...

FxWirePro: USD/CAD rises to hit one week high as oil prices decline, upside bias remains

Jul 20, 2016 14:11 pm UTC| Technicals

The USD/CAD pair rose sharply to hit one-weekhigh on Wednesday as the loonie was weighted down by falling oil prices and the International Monetary Fund cut Canadas global growth forecasts. Oil prices fell sharply as...

FX Hedging Strategy Series

FxWirePro: XAG/USD breaks below support at 19.527, bearish momentum confirms sustenance below – One Touch Binary Puts to speculate

Jul 20, 2016 12:49 pm UTC| Technicals

Technical Inference: Silver prices have broken the strong support below at 19.527 levels (see intraday charts) but bulls are very much active ahead of ECBs action tomorrow. Subsequently, upon the sustenance below...

EUR/USD Trade idea

Jul 20, 2016 12:04 pm UTC| Technicals

Major trend line support - 1.10160 (trend line joining 1.07115 and 1.082115) Major intraday resistance - 1.1061 (7 day EMA) The pair has broken major support 1.0160 and declined till 1.09813 at the time of...

FxWirePro: AUD/USD breaks below 20-DMA, bias lower, stay short

Jul 20, 2016 11:46 am UTC| Technicals

Upbeat US housing starts buoyed USD, dragging AUD/USD lower. The pair has broken below 20-DMA on the daily charts, Techs remain bearish. Our previous call...

USD/CHF faces strong resistance at 0.9900, break above targets 0.9960/1.000

Jul 20, 2016 09:58 am UTC| Technicals

Major resistance 0.9900 (90 day EMA) The pair has taken support near 200 day MA and jumped from that level. It is currently trading around 0.98877. The pair made a temporary top around 0.98941 on Jul 12th and...

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Economy

U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions

The U.S. dollar weakened to near a two-month low during early Asian trading on Tuesday, as investors adopted a cautious stance ahead of several high-impact economic releases, most notably the delayed U.S. employment...

Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets

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Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing

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

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Politics

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

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Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

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European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

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U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis

The United States and Mexico have signed a new bilateral agreement aimed at addressing the long-standing Tijuana River sewage crisis, according to a statement released Monday by the U.S. Environmental Protection Agency...

Ukraine Claims First-Ever Underwater Drone Strike on Russian Missile Submarine

Ukraine said on Monday that it successfully struck and disabled a Russian missile-carrying submarine at a Black Sea naval base using underwater sea drones, marking what Kyiv described as a historic first in naval warfare....

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

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Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

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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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