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FxWirePro :Sell GBP/JPY on rallies around 164.10-164.20 with SL around 166.65 for the TP of 160/157.80

Feb 11, 2016 03:53 am UTC| Technicals

Major support -163.95 (20 Jan 2016 Low) Major resistance - 166.60 (21 day 4 HMA) The pair has recovered till 167.63 (21 day 4H MA) yesterday and started to decline from that level. It has broken major support...

FxWirePro: USD/JPY struggles to hold above 113 handle, more downside likely

Feb 11, 2016 03:36 am UTC| Technicals

USD/JPY extended downside to hit fifteen-month lows of 112.53, but found fresh demand at lows which saw the pair pullback above 113 levels. Markets seem to have ignored Yellens optimistic remarks as uncertainty over...

Major IndicesTechnicials

Feb 11, 2016 03:24 am UTC| Technicals

Nikkei Nikkei breaks major support around 15798 (Jan 2016 low) and declined till 15350 at the time of writing. It is currently trading around 15485. Short term trend is weak as long as resistance 16000 (55 dy H...

FxWirePro: USD/CAD regains upward movement after oil rebound fades

Feb 10, 2016 19:39 pm UTC| Technicals

The USD/CAD pair surged higher on Wednesday, as oil prices plummeted towards 27.86 $ per barrel. Oil prices rebound waned in US session after data showed surprise drop in US crude stockpiles causing worries of global...

FxWirePro: EUR/USD reverses recent rally, bias back to downside

Feb 10, 2016 18:35 pm UTC| Technicals

EUR/USD declined from 4 month high on Wednesday after Federal Reserve Chair yellen said the US central bank has not taken off March interest rate hike plan off the table. The pair extended its decline from earlier European...

Gold steadies around 1191 levels, bias remains bullish- long around 1178, targets around 1200/1230, SL 1062

Feb 10, 2016 17:45 pm UTC| Technicals

Gold stabilized on Wednesday after Feds Yellen said that Fed will do gradual adjustment to its monetary policy following turmoil in global economy. The yellow metal initially declined towards 1181 levels in the early...

FxWirePro: AUD/USD rally capped by 50-day moving average, outlook bearish

Feb 10, 2016 15:40 pm UTC| Technicals

AUD/USD declined on Wednesday as concerns about the health of global banks and sliding commodity prices sent investors towards safe heaven assets. The pair accelerated its decline following the Feds yellen statement,...

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Economy

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Politics

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Science

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One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

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Dark matter: our new experiment aims to turn the ghostly substance into actual light

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Technology

AI 'Godfather' Warns of Job Displacement, Advocates for Universal Basic Income

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Shiba Inu: Top Analyst Identifies Coin as 'Potential Gold Mine'; Price Analysis Suggests 35% Upside

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Tesla Cybertruck Powers Houston Gas Station, Elon Musk Reacts to Saudi Prince’s Photo

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Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

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The release of the U.S. The Consumer Price Index (CPI) report provided a wave of relief to the financial markets. This signaled a possible reduction in inflationary pressures. Rick Rieder, Chief Investment Officer of...