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FxWirePro: USD/SGD enjoys range bound market movement, faces strong resistance at 1.3443

Aug 03, 2016 06:12 am UTC| Technicals

USD/SGD is currently trading around 1.3409 marks. It made intraday high at 1.3418 and low at 1.3385 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3443 marks. A daily...

FxWirePro: EUR/GPB holds channel base support, weakness only on break below

Aug 03, 2016 05:57 am UTC| Technicals

EUR/GBP trades weaker on the day, down 0.13 pct as we head into the European open. Focus remains on final prints of Services PMI for the month of July followed by Retail Sales in the euro area. A BoE rate cut on...

FxWirepro:Gold trades well above $1350, good to buy on dips

Aug 03, 2016 05:44 am UTC| Technicals

Major support - $1340 (daily Kijun-Sen). Gold has jumped till $1367 and declined from that level .It is currently trading at $136.50. Short term trend is bullish as long as support $1340 holds. Any break...

FxWirePro: USD/TWD refrains from falling below 31.50 mark, good to sell on rallies

Aug 03, 2016 05:28 am UTC| Technicals

USD/TWD is currently trading around 31.66 marks. It made intraday high at 31.72 and low at 31.59 marks. Intraday bias remains bearish till the time pair holds key resistance at 31.93 marks. A sustain close...

FxWirePro: AUD/CAD struggles at 0.9978 resistance, break above targets 1.0026

Aug 03, 2016 05:14 am UTC| Technicals

AUD/CAD struggling to extend gains beyond stiff resistance around 0.9978 levels. Techs on weekly charts are biased higher, we see scope for upside. Break above 0.9978 levels will see test of 1.0026 and then...

FxWirePro: USD/JPY rejected at highs, good to go short on rallies

Aug 03, 2016 04:40 am UTC| Technicals

USD/JPY has broken major trendline support at 102 levels, intraday bias lower. The pair has resumed its downtrend after being rejected at session highs by 101.34. Momentum studies are bearish, we see scope for...

FxWirePro: USD/INR opens marginally higher at 66.70, bias turns to bullish above 66.86

Aug 03, 2016 04:27 am UTC| Technicals

USD/INR is currently trading around 66.76 marks. It made intraday high at 66.76 and low at 66.67 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 66.86 marks. Key...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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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

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

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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

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

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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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