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FxWirePro: EUR/JPY breaks below 23.6% Fib, eyes 200-DMA at 131.13

Feb 23, 2018 08:25 am UTC| Technicals

EUR/JPY breaks below 23.6% Fib, is on track to test 200-DMA at 131.13. Technical indicators are bearish. RSI and Stochs are biased lower. Momentum studies are heavily bearish, but Stochs are in oversold levels so...

FxWirePro: USD/CHF downside capped by 20 –day MA, good to buy on dips

Feb 23, 2018 07:23 am UTC| Technicals

USD/CHF has declined almost 80 pips from yesterday high of 0.94090. The pair formed a double top around 0.94090 and any break above confirms minor bullishness. The pair hits low of 0.93250 and is currently trading around...

FxWirePro: NZD/JPY fails at 100-DMA, good to go short on break below 77.85

Feb 23, 2018 06:46 am UTC| Technicals

NZD/JPY fails at 100-DMA, retraces break above, slips lower with gravestone Doji formation. Price action has slipped below 5-DMA and has failed to hold above daily cloud. Momentum studies are bearish, RSI is...

FxWirePro: CAD/JPY back-to-back shooting stars breach wedge baseline, trend goes sideways after steep slumps, Trade tunnel spreads as more dips on cards

Feb 23, 2018 06:42 am UTC| Technicals

Chart and candlestick pattern formed- Shooting stars consecutively at 88.129 and 88.629 levels respectively. Rising wedge pattern had occurred earlier in intermediate trend and these bearish pattern candlesticks have...

FxWirePro: CAD/JPY back-to-back shooting stars breach wedge baseline, trend goes sideways after steep slumps, Trade tunnel spreads as more dips on cards

Feb 23, 2018 06:42 am UTC| Technicals

Chart and candlestick pattern formed- Shooting stars consecutively at 88.129 and 88.629 levels respectively. Rising wedge pattern had occurred earlier in intermediate trend and these bearish pattern candlesticks have...

FxWirePro: Gold upside capped by 20 –day MA, good to sell on rallies

Feb 23, 2018 06:19 am UTC| Technicals

Gold has shown a mild recovery yesterday after slight jump in euro. The yellow metal hits high of $1332 almost $12 and trading at $ 1327.58. US dollar has shown minor weakness almost 50 pips yesterday and is trading at...

FxWirePro: AUD/JPY hovers around channel base, break below to accentuate weakness

Feb 23, 2018 06:16 am UTC| Technicals

AUD/JPY hovers around channel base support, we see further weakness on break below. The major has retraced brief break above 5-DMA and is extending weakness. Technical studies support downside in the pair. RSI...

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Economy

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

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U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

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Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

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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

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

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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....
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