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FxWirePro: S&P500 minor trend reversal only above 2720, good to go long above that level

Oct 31, 2018 08:58 am UTC| Technicals

Short term trend Slightly bullish Major support - 2618 (89- W EMA) and 2640 (trend line support) SP500 has shown a good recovery of more than 100 points from low of 2603. In the past one week index hits high...

FxWirePro: USD/ZAR exhibits range bound movement, South Africa’s trade balance in focus

Oct 31, 2018 08:12 am UTC| Technicals

USD/ZAR is currently trading around 14.66 levels. It made intraday high at 14.69 and low at 14.56 levels. Intraday bias remains neutral for the moment. A daily close above 14.71 will take the parity...

FxWirePro: AUD/USD subdued below 0.71 handle, dismal Australia Q3 CPI data weighs

Oct 31, 2018 07:58 am UTC| Technicals Research & Analysis

AUD/USD chart on Trading View used for analysis AUD/USD is trading 0.17% lower at 0.7092 at the time of trading. Disappointing Australian CPI and Chinese manufacturing PMI reports continue to weigh down on the...

FxWirePro :EUR/USD trades lower,major support is around 1.13190 (200- WMA) and any major weakness only if closes below that level.

Oct 31, 2018 07:47 am UTC| Technicals

EUR/USD continues to trade weak after weaker than Eurozone economic data. Eurozone GDP came at 0.2% compared to forecast of 0.4% and yoy growth slowed to 1.7% from 2.2% in the second quarter. US consumer board consumer...

FxWirePro: AUD/JPY minor trend in sloping channel, flurry of bearish patterns in major downtrend – Trade boundary strikes and short hedge

Oct 31, 2018 07:39 am UTC| Technicals Insights & Views

We kept reiterating from last couple of months that the AUDJPY bearish prospects in the major trend quite often even when bulls hastily displayed some upswings. Well, dear readers, before we proceed further with the...

FxWirePro: Chinese yuan trades flat despite lower than expected manufacturing PMI data

Oct 31, 2018 06:59 am UTC| Technicals

USD/CNY is currently trading around 6.9671 marks. It made intraday high at 6.9678 and low at 6.9627 levels. Intraday bias remains neutral for the moment. A sustained close above 6.9662 marks will test key...

FxWirePro: Gold trades lower on strong dollar on rising US bond yield, good to sell on rallies

Oct 31, 2018 06:13 am UTC| Technicals

Gold is trading slightly weak and lost more than $25 from high of $1243.It is trading slightly below 89 day EMA on account of strong US dollar and rising 10-year US bond yield. The major three factors that drive gold...

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Economy

Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market

Lee Seung-heon, a leading candidate to become the next governor of the Bank of Korea (BOK), has voiced support for raising property ownership taxes as a way to curb surging home prices, while warning that a shift toward...

Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk

Most Asian currencies traded within a narrow range on Monday, reflecting cautious sentiment as investors awaited key economic data from the United States and China. The Japanese yen edged slightly higher after Japans...

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering...

UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves

Starting salaries for permanent employees in the UK recorded their strongest increase in nearly a year and a half in January, signaling early signs of stabilization in the British labor market. According to the latest...

Australian Household Spending Dips in December as RBA Tightens Policy

Australian household spending declined in December as consumers eased back after heavy year-end sales activity, but solid sales volumes continued to highlight why the Reserve Bank of Australia (RBA) recently raised...

Politics

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Trump Administration Appeals Court Order to Release Hudson Tunnel Project Funding

The administration of U.S. President Donald Trump has filed an appeal challenging a federal court decision that ordered the Transportation Department to unfreeze funding for the $16 billion Hudson Tunnel Project, a major...

Trump Congratulates Japan’s First Female Prime Minister Sanae Takaichi After Historic Election Victory

U.S. President Donald Trump publicly congratulated Japanese Prime Minister Sanae Takaichi on Sunday following her coalitions decisive landslide victory in Japans lower house elections held over the weekend. The message,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

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...

Technology

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

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...