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Silver follows Gold suit, breaks all key support levels and trades back below $15.80

Mar 23, 2016 05:19 am UTC| Technicals

XAG/USD is currently trading around $15.74 levels. It made intraday high at $15.89 and low at $15.71 levels. Intraday bias remains bearish for the moment. Silver fails to sustain above $16.00 and turns the...

FxWirePro: AUD/JPY breaks minor trendline resistance at 85.40, good to buy dips

Mar 23, 2016 05:01 am UTC| Technicals

RBA more cautious about talking down the AUD which partly disaapointed Aussie bears. Governor Stevens comments had only a limited impact on the Aussie which has continued to strengthen taking AUD/JPY to session highs...

FxWirePro: USD/INR opens higher at 66.74, good to buy on dips

Mar 23, 2016 04:36 am UTC| Technicals

USD/INR is currently trading at 66.82 marks. It made intraday high at 66.84 and low at 66.73 levels. Intraday bias remains bullish till the time pair holds key support at 66.35 levels. A daily close below...

FxWirePro: AUD/CAD extending sideways trade below strong trendline resistance at 1.0012

Mar 23, 2016 04:25 am UTC| Technicals

AUD/CAD is extending sideways trade below strong trendline resistance at 1.0012 levels. We have evidenced multiple rejections at strong trendline resistance and any bullishness can be seen only on breaks...

FxWirePro: Gold fails to sustain above $1260, intraday bias remains bearish

Mar 23, 2016 03:49 am UTC| Technicals

XAU/USD is currently trading around $1243 mark. It made intraday high at $1249 and low at $1242 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $1260...

FxWirePro: NZD/USD holds above 10-DMA support at 0.6728, bias lower

Mar 23, 2016 03:09 am UTC| Technicals

NZD/USD was rejected at days high by 0.6769, and has slipped lower to currently trade at 0.6737 levels. 10-DMA at 0.6728 is strong support for the pair, breaks below could see downside resume. Momentum studies...

FxWirePro: Swedish Krona continues to add strength against euro, good to sell on rallies

Mar 23, 2016 02:43 am UTC| Technicals

EUR/SEK is currently trading around 9.2255 levels. It made intraday high at 9.2335 and low at 9.2208 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.2757 levels. Key...

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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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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

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

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

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

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....
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