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FxWirePro: South Korean won opens onshore trade at 1,115.0 per USD, bias remains neutral

Aug 08, 2016 02:06 am UTC| Technicals

USD/KRW is currently trading around 1,114.20 levels. It made intraday high at 1,116 and low at 1,110 levels. Intraday bias remains neutral till the time pair holds key support at 1,105 levels. A sustained...

FxWirePro: Yen gains against major peers on the back of higher than expected current account data

Aug 08, 2016 01:16 am UTC| Technicals

USD/JPY is currently trading around 102.07 marks. It made intraday high at 102.25 and low at 101.85 levels. Intraday bias remains bullish till the time pair holds key support at 100.87 levels. A daily close...

FxWirePro: GBP/USD heads deeper into bear territory

Aug 05, 2016 14:57 pm UTC| Technicals

The Sterling remained in strong bearish tone against dollar on Friday as selling interest continued as the pair was weighted down after stronger than expected jobs data from the United States have again begun to stoke...

FxWirePro: EUR/USD outlook weaker on renewed downside pressure

Aug 05, 2016 13:57 pm UTC| Technicals

EUR declined sharply against US dollar on Friday after data showed U.S. employment increased more than expected in July. Nonfarm payrolls rose by 255,000 jobs last month as hiring increased broadly after an upwardly...

USD/CHF Trade idea

Aug 05, 2016 11:18 am UTC| Technicals

Major resistance- 0.9775 (21 day EMA) Major support: 0.9630 (Jul 29th low) The pair has broken minor resistance 0.9740 (7 day EMA) and jumped till 0.97522.It is currently trading around 0.97407. On the...

FxWirePro: CAD/CHF spikes above 7DMA after bullish engulfing but upswings edgy at 21DMA, major trend drifts in sideways despite hammers

Aug 05, 2016 10:23 am UTC| Technicals

Bullish engulfing pattern occurred on this pair ever since it takes the major support at 0.7343 levels. Since then it has jumped above 7DMA and for now, upswings seems slightly nervous near 21DMA even though the...

FxWirePro: USD/CHF faces resistance at 21 day EMA, good to buy on dips

Aug 05, 2016 10:10 am UTC| Technicals

Major resistance- 0.9775 (21 day EMA). Major support: 0.9630 (Jul 29th low). The pair has broken minor resistance 0.9740 (7 day EMA) and jumped till 0.97522.It is currently trading around 0.97407. On the...

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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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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

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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

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

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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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