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FxWirePro: XAG/USD enjoys roller coaster movement, consistent close above $16.70 requires for upside rally

Feb 07, 2018 06:23 am UTC| Technicals

XAG/USD is currently trading around $16.72 marks. It made intraday high at $16.75 and low at $16.58 levels. Intraday bias remains slightly bullish till the time pair holds key support at $16.55 mark. A daily...

FxWirePro: 'Bullish Gartley' pattern on AUD/CHF raises scope for upside, upside only on break above 0.74

Feb 07, 2018 06:07 am UTC| Technicals

Swiss franc failed to benefit significantly from risk aversion across the markets. AUD/CHF recovered from 0.73 handle and closed just shy of 0.74 handle. The pair finds stiff resistance at 5-DMA and we see some...

FxWirePro: USD/INR rejects key support at 64.11 mark, intraday bias remains slightly bullish

Feb 07, 2018 05:41 am UTC| Technicals

USD/INR is currently trading around 64.19 marks. It made intraday high at 64.26 and low at 64.10 marks. Intraday bias remains bullish till the time pair holds key support 64.10 mark. Key resistances are seen...

FxWirePro: DAX30 recovers sharply on global market recovery, further bullishness above 12660

Feb 07, 2018 05:36 am UTC| Technicals

DAX index has shown a massive recovery from the low of 12076 made on Feb 6th 2018. SP500 jumped almost more than 250 points from the low of 2531. But E- mini futures has shown a slight decline of 0.3% in Asian...

FxWirePro: USD/JPY holds support at 1H 200-SMA, good to go short on break below

Feb 07, 2018 04:56 am UTC| Technicals

USD/JPY finds stiff resistance at 20-DMA at 109.95, we see upside only on decisive break above. Recovery in the pair after recovery in the stock markets in the previous days trade failed to extend. Price has...

FxWirePro: NZD/USD holds above 0.73 handle, weakness likely on break below 20-DMA

Feb 07, 2018 04:23 am UTC| Technicals

Kiwi strengthens in early Asia on the back of higher than expected employment data, but failed to hold gains. New Zealand Q4 unemployment rate decreases to 4.5 % (forecast 4.6 %) vs previous 4.6%. NZD/USD trades...

FxWirePro: USD/SGD back below 1.32 mark, stay bearish only below 1.3168 mark

Feb 07, 2018 03:45 am UTC| Technicals

USD/SGD is currently trading around 1.3177 marks. It made intraday high at 1.3294 and low at 1.3168 levels. Intraday bias remains slightly bearish for the moment. A daily close above 1.3188 will test key...

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Economy

Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow

Gold prices climbed for a fourth consecutive session on Thursday, reaching their highest level in seven weeks as easing concerns over global energy supplies weakened the U.S. dollar and Treasury yields. The rally was...

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US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment

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Politics

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Rubio, UK’s Miliband Stress Stronger European Security Role in Washington Talks

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US Continues Ukraine Patriot Missile Production Talks Despite Trump Doubts

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Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

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Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

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Technology

Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop

Alphabet (NASDAQ: GOOGL) shares dropped as much as 5.4% during Thursdays session after news emerged that longtime Google AI leader Jeff Dean is leaving the company to launch a new artificial intelligence startup, adding to...

Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations

Western Digital (NASDAQ: WDC) reported stronger-than-expected fiscal fourth-quarter results on Wednesday, surpassing Wall Street estimates for both earnings and revenue while issuing an optimistic outlook for the first...

SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations

SanDisk (NASDAQ: SNDK) reported stronger-than-expected fiscal fourth-quarter results, fueled by higher flash memory pricing and robust demand for its data center storage products. However, the companys first-quarter fiscal...

Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns

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Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth

Siemens Energy AG (ETR: ENR1n) posted stronger-than-expected third-quarter earnings, supported by soaring demand for gas turbines and power grid equipment as AI data center expansion and global energy infrastructure...
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