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FxWirePro: Swedish krona gains against euro despite lower than expected GDP data

May 30, 2016 08:09 am UTC| Technicals

EUR/SEK is currently trading around 9.2615 levels. It made intraday high at 9.2852 and low at 9.2574 levels. Intraday bias remains neutral till the time pair holds key support at 9.2488 marks. A current...

CAD/JPY faces strong resistance at 85.50, break above targets 86.25/87.30

May 30, 2016 07:49 am UTC| Technicals

Major resistance- 85.50 (100 day EMA) Major Support 83.60 CAD/JPY has recovered after making a low of 83.89 yesterday. The pair opened around 84.74 today morning and slightly jumped till 85.19. It is currently...

FxWirePro: EUR/JPY extends gains above 123 handle, focus now on German CPI data

May 30, 2016 07:24 am UTC| Technicals

EUR/JPY hits fresh daily highs at 123.77 as offered tone around the Yen increasing on renewed talks of a delay in the implementation of the sales tax hike by the Japanese government. The pair has broken 10-DMA at...

FxWirePro: USD/CNY hits fresh 3 –month high as PBOC sets Yuan midpoint at weakest level against dollar in over 5 five years

May 30, 2016 06:58 am UTC| Technicals

USD/CNY is currently trading around 6.5767 marks. It made intraday high at 6.5817 and low at 6.5607 levels. Intraday bias remains bullish till the time pair holds key support at 6.5510 levels. A sustained...

FxWirePro:BTC/USD hits 20 month high , good to buy at dips

May 30, 2016 06:44 am UTC| Technicals

BTC/USD has broken major price barrier $500 on May 28th 2016 and hits 20 month high. It is currently trading around $517.48. Short term trend is bullish as long as support $470 (resistance turned into support)...

FxWirePro: NZD/USD finds minor support at 0.6680, bias lower, on track to test 200-DMA

May 30, 2016 06:20 am UTC| Technicals

NZD/USD downside intact, pair likely to test 200-DMA at 0.6650. Break below could accentuate weakness. US dollar to keep upbeat momentum post hawkish Yellen comments which raised Fed rate hike bets. On the other...

FxWirePro: Silver hits fresh 7 –week low, intraday bias remains bearish

May 30, 2016 05:50 am UTC| Technicals

XAG/USD is currently trading around $15.92 marks. It made intraday high at $16.20 and low at $15.88 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.11 marks. A daily...

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Economy

India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out

India and the United States have taken a significant step toward strengthening bilateral trade ties with the release of an interim trade framework that includes major tariff reductions on high-end American automobiles and...

Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality

Donald Trump has positioned himself as the Republican Partys chief voice on the cost of living during a pivotal election year, but a Reuters review of his recent speeches shows a growing disconnect between his rhetoric and...

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

South Africa is keen to make use of potential new European Central Bank (ECB) repo liquidity lines, according to central bank governor Lesetja Kganyago, as the country continues to navigate easing inflation and a gradual...

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

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...

Politics

Jack Lang Resigns as Head of Arab World Institute Amid Epstein Controversy

Jack Lang, a prominent French political figure and former culture minister under President François Mitterrand, has stepped down from his role as president of the Arab World Institute in Paris following mounting...

US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks

The United States is pressing Ukraine and Russia to reach an agreement to end the war before the start of summer, Ukrainian President Volodymyr Zelenskiy said following two days of U.S.-brokered talks held in Abu Dhabi....

Netanyahu to Meet Trump in Washington as Iran Nuclear Talks Intensify

Israeli Prime Minister Benjamin Netanyahu is expected to meet U.S. President Donald Trump in Washington on Wednesday, with Irans nuclear program and regional security topping the agenda. The meeting comes amid renewed...

Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape

U.S. President Donald Trump has publicly endorsed a proposed merger between Nexstar Media Group and Tegna, signaling renewed political attention on the future of local television broadcasting. In a post shared Saturday on...

Japan Election 2026: Sanae Takaichi Poised for Landslide Win Despite Record Snowfall

Japanese voters headed to the polls on Sunday in a rare winter election that could deliver Prime Minister Sanae Takaichi a commanding mandate, even as record snowfall threatened to suppress turnout in parts of the country....

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....