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FxWirePro: NZD/CAD faces resistance at 200 day MA, good to sell on rallies

May 06, 2016 10:41 am UTC| Technicals

Major Resistance - 0.8865 (200 day MA) NZD/CAD has declined after making a high of 0.8865. It is currently trading at 0.8785. Short term trend is still weak as long as resistance 0.8865 holds. Any indicative...

FX Hedging Strategy Series

FxWirePro: AUD/NZD way below DMAs, wait for rallies for fresh shorts, break below support at 1.0705 could be dodgy

May 06, 2016 10:40 am UTC| Technicals

See more bearish potential on break below 1.0705 levels. After rejecting resistance from 1.1243 levels, the pair has broken major supports at 1.1050 and 1.0957 levels with ease. As a result, the prices have slid...

FxWirePro: Stay cautious on Gold ahead of NFP job results

May 06, 2016 09:05 am UTC| Technicals

XAU/USD is currently trading around $1278 mark. It made intraday high at $1280 and low at $1274 levels. Intraday bias remains bullish till the time pair holds immediate support at $1268 marks. A daily close...

FxWirePro: GBP/JPY faces strong support at 154.40, good to buy at dips

May 06, 2016 08:37 am UTC| Technicals

Major resistance- 156 Major support 154.40 (May 4th low) The pair has once again recovered after making a low of 154.62 at the time of writing. It is currently trading around 155.10.. Short term trend is...

FxWirePro:CH/JPY faces strong resitance at 112.65, good to sell on rallies

May 06, 2016 08:20 am UTC| Technicals

Major support 110.50 The pair has broken major support 110.50 and declined till 110.40. It is currently trading around 110.52. Short term trend is bearish as long as resistance 112.65 (21 day MA) holds. On...

FX Hedging Strategy Series

FxWirePro: NZD/USD put yields mammoth, ITM strikes for short-term and OTM strikes for long-term to benefit Vega as IVs likely to rise

May 06, 2016 07:33 am UTC| Technicals

The AUD and NZD remained in a holding pattern ahead of todays RBA statement plus US jobs report, while US interest rates fell. The US dollar index (DXY) rose by around 0.7% overnight, while NZD ranged between 0.6876 and...

FxWirePro: NZD/JPY breaks strong trendline support at 73.40, stay short

May 06, 2016 07:31 am UTC| Technicals

NZD/JPY has breached strong trendline support at 73.40 and has hit session lows of 73. Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-rejected-at-days-highs-by-7430-bias-lower-203852) has hit target 1...

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Economy

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

Politics

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow

U.S. President Donald Trump said on Friday that he plans to meet with major health insurance companies in the coming weeks in an effort to push for significantly lower healthcare costs, as millions of Americans face the...

Epstein Files Released by DOJ Spotlight Bill Clinton, Raise Questions Over Trump Mentions

The U.S. Justice Department has released hundreds of thousands of pages of documents related to the late financier and convicted sex offender Jeffrey Epstein, a move that has reignited political controversy and public...

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

Science

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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...