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FxWirePro: NZD/JPY breaks below 38.2% Fib, eyes 200-DMA at 79.95, stay short

Aug 09, 2017 05:39 am UTC| Technicals

NZD/JPY has breached 38.2% Fib retrace of 75.626 to 83.910 rally at 80.75, bias lower. NZD/JPY has retraced from fresh 8-week lows at 80.22, bias still lower. Kiwi under pressure on mixed China data, the pair has...

FxWirePro: NZD/USD takes 50-DMA support at 0.7308, break below will see further weakness

Aug 09, 2017 05:01 am UTC| Technicals

NZD/USD slips lower for 4 successive session, prints fresh 3-week lows just ahead of 0.73 handle. Mixed Chinese macro news continued to undermine the sentiment around New Zealand dollar. Rising risk-off moods...

FxWirePro: USD/TWD hovers around key resistance at 30.25 mark, sustained close above targets 30.52 mark

Aug 09, 2017 04:01 am UTC| Technicals

USD/TWD is currently trading around 30.22 marks. It made intraday high at 30.24 and low at 30.15 marks. Intraday bias remains neutral till the time pair holds key support at 30.10 mark. A daily close above...

FxWirePro: USD/THB exhibits range bound movement, stay bearish only below 33.22

Aug 09, 2017 03:19 am UTC| Technicals

USD/THB is currently trading around 33.27 marks. It made intraday high at 33.29 and low at 33.26 marks. Intraday bias remains neutral till the time pair holds key support at 33.22 mark. On the top side, key...

Nikkei trades well below 55- day EMA, dip till 19280 likely

Aug 09, 2017 03:01 am UTC| Technicals

Nikkei has broken major support 19925 (55- dayEMA) and declined till 19702 at the time of writing.The index is expected to trade weak till 19277 on account of strong yen. The index has made a high of 20319 on Jun 20th 2017...

FxWirePro: Singapore dollar falls gradually against U.S. dollar, short term trend reversal likely

Aug 09, 2017 02:29 am UTC| Technicals

USD/SGD is currently trading around 1.3638 marks. It made intraday high at 1.3648 and low at 1.3627 levels. Intraday bias remains bullish till the time pair holds key support at 1.3595 mark. A daily close...

FxWirePro: Chinese yuan trades marginally higher after mixed economic data

Aug 09, 2017 02:03 am UTC| Technicals

USD/CNY is currently trading around 6.6987 marks. It made intraday high at 6.7055 and low at 6.6986 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.7206 mark. A sustained...

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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...

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Politics

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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

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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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