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FxWirePro: USD/CHF upside capped by 61.8% fibo, good to buy on dips

Mar 07, 2017 10:49 am UTC| Technicals

Potential Reversal Pattern (PRZ) - 1.0160 (61.8% retracement of 1.03436 and 0.98696). USD/CHF has recovered sharply and after declining till 1.00690 on Mar 5th 2017.It is currently trading around 1.01447. The...

FxWirePro: AUD/CHF breaks above 5-DMA, bias higher, go long on close above 0.77

Mar 07, 2017 10:14 am UTC| Technicals

AUD/CHF fails to hold gains above 20-DMA, edges lower from session highs at 0.7717 to currently trade around 0.7696. Technicals support upside in the pair, we see scope for further gains. The pair is trading a...

FxWirePro: GBP/JPY trades in narrow range, good to sell on rallies

Mar 07, 2017 08:17 am UTC| Technicals

Major support -138.85 Major resistance- 140.75 (trend lien joining 142.80 and 142.05) GBPJPY is trading inside the channel for the past eight trading session. It is currently trading around 139.37. The pair...

FxWirePro: NZD/USD edges higher from fresh multi-week lows at 0.6982, bias lower, short rallies

Mar 07, 2017 06:38 am UTC| Technicals

NZD/USD sell-off halts and pair edges higher from fresh mutli-week lows at 0.6982 to retake the 0.70 handle. Price action rages below daily cloud and has 200-DMA. Technicals studies are heavily bearish, we see...

FxWirePro: Gold trades weaker as US two year yield hits 2009 high, good to sell on rallies

Mar 07, 2017 06:07 am UTC| Technicals

Potential reversal Zone (PRZ) - $1226 (daily Kijun-Sen). The yellow metal trades weak and is expected to reach Feb month low on Fed hopes. Gold trading almost near previous week low on account increasing hopes of Fed...

FxWirePro: USD/JPY struggles at 50-DMA, good to go long on break above

Mar 07, 2017 05:47 am UTC| Technicals

USD/JPY trades in a narrow range, bias is higher. The pair made a high of 114.07 and a low of 113.85. Rising expectations of Fed tightening at March meeting likely to keep upside bias intact. The pair is...

FxWirePro: EUR/AUD bears prop up at 7-WMA and bearish EMA crossover signal sliding prices in falling wedge – Construct tunnels spread to leverage yields

Mar 07, 2017 05:24 am UTC| Technicals

Ever since the pair tumbled from the 2015 peaks of 1.6585 to the current 1.3890 levels, you could very well observe that the price behavior has been in the form of falling wedge pattern. As the bearish swings slide...

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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

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

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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

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

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

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

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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