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FxWirePro: Cloud base is strong support for AUD/CAD, weakness only on breaks below

Apr 12, 2016 06:02 am UTC| Technicals

AUD/CAD has broken range trade and price action has slipped into the daily cloud, hit session lows at 0.9788. Momentum studies are neutral, pair struggling to break below cloud base, only break below will see scope...

FX Hedging Strategy Series

FxWirePro: Book profits in AUD/JPY's

Apr 12, 2016 05:49 am UTC| Technicals

Lets begin with the review of strategy performance that weve advocated on 1st of April, we came up with credit call spreads (1% ITM call shorts and long on 1% OTM call). Those who executed this at that juncture would have...

FxWirePro: NZD/CAD forms Bearish Bat Pattern, good to buy at dips

Apr 12, 2016 05:48 am UTC| Technicals

Harmonic Pattern Formed Bearish Bat pattern Potential Reversal Zone (PRZ) 0.8970 The pair has recovered after making a low of 0.8835. It is currently trading around 0.88801. CAD has rallied against all...

FxWirePro: NZD/JPY breaks strong trendline resistance at 74.10, targets 75

Apr 12, 2016 05:25 am UTC| Technicals

NZD/JPY has broken above strong trendline resistance at 74.10 and is currently trading around 74.50 levels. The pair is extending upside for the 3rd consecutive session after hitting fresh 8-month lows at 72.88 on...

FX Hedging Strategy Series

FxWirePro: AUD/JPY trend analysis - encourage intraday bulls, short term speculators and long term bears to prolong

Apr 12, 2016 05:17 am UTC| Technicals

Please be noted that we were bearish bias and accordingly we suggested shorts in this pair. Refer below link for further readings on our earlier post on this...

FxWirePro: USD/ZAR remains supported just above 14.64, a break below targets 14.26

Apr 12, 2016 05:15 am UTC| Technicals

Pair is currently trading at 14.70 marks. It made intraday high at 14.75 and low at 14.68 levels. Intraday bias remains neutral till the time pair holds key support level at 14.64 levels. Alternatively,...

FxWirePro: AUD/JPY bounces off strong trendline support at 80.75, good to buy dips

Apr 12, 2016 04:47 am UTC| Technicals

AUD/JPY has taken strong trendline support at 80.75 and has edged higher to currently trade at 82.62. Momentum studies on the daily charts have turned bullish, Stochs has shown a bullish crossover from oversold levels...

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Economy

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

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Politics

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Science

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Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

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Technology

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

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

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

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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...