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FxWirePro: Swedish krona erases previous loss against euro, bias remains bearish

Mar 02, 2017 07:57 am UTC| Technicals

EUR/SEK is currently trading around 9.5345 levels. It made intraday high at 9.5450 and low at 9.5330 levels. Intraday bias remains bearish for the moment. A sustained break above 9.5435 tests key resistances...

FxWirePro:CHF/JPY downside capped by 200 –day MA, good to buy on dips

Mar 02, 2017 07:54 am UTC| Technicals

Major support 111 (100 day MA) Major resistance -113.22 (daily Kijun-Sen) CHF/JPY has taken support near 100- day MA and jumped sharply from that level. It is currently trading around 112.88. The pair...

FxWirePro: AUD/JPY struggles at major trendline resistance at 87.50, further upside only on break above

Mar 02, 2017 07:31 am UTC| Technicals

AUD/JPY spiked above 20-DMA on Wednesdays trade, bias still higher. Pair finds stiff resistance at 87.50 (trendline), further upside only on break above. Aussie subdued on dismal Australia trade balance Data...

FxWirePro: Sell NZD/CHF on rallies

Mar 02, 2017 07:18 am UTC| Technicals

Major Support: 0.7160 (Sep 9th 2017 low) Major intraday resistance 0.7230 (200- H MA) NZD/CHF has once again slightly recovered after making a low of 0.7170. It is currently trading around 0.72030. On the...

FxWirePro: EUR/GBP breaks above 100-DMA but struggles at daily cloud, bias higher, stay long

Mar 02, 2017 06:58 am UTC| Technicals

EUR/GBP is trading a narrow range in the Asian session, upside bias intact. Upside is struggling at daily Ichi cloud, breakout could see resumption of upside. The pair is extending upside after breaking stiff...

FxWirePro: USD/ZAR hovers around key support at 13.01 mark, consistent close below targets 12.85

Mar 02, 2017 06:50 am UTC| Technicals

USD/ZAR is currently trading around 13.01 levels. It made intraday high at 13.03 and low at 12.97 levels. Intraday bias remains neutral till the time pair holds key support at 13.01 marks. A daily close...

FxWirePro: “Sooner or later AUD/USD bears prop up at channel resistance”, spinning top and gravestone doji hamper bullish momentum

Mar 02, 2017 06:18 am UTC| Technicals

On weekly terms, Stiff resistance at 0.7761 levels. Spinning top at 0.7667 and gravestone doji at 0.7666 levels. Can it be triple top or extension of consolidation phase in major trend? The pair forms double...

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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

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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

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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

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

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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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