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FxWirePro: AUD/CAD extends consolidation phase, focus on Australia Q2 CPI data

Jul 18, 2016 07:06 am UTC| Technicals

AUD/CAD trades a narrow range on the day, Doji formation seen on daily charts. The pair is trading a Cup and Saucer formation and price action is extending consolidation after cup formation. Upside halts at stiff...

FxWirePro: USD/ZAR fails to sustain above 14.50 mark, likely to break key support at 14.17

Jul 18, 2016 06:49 am UTC| Technicals

USD/ZAR is currently trading around 14.30 levels. It made intraday high at 14.41 and low at 14.28 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.62 marks. A daily close...

FxWirePro: NZD/USD trims gains of 1-year highs after dropping from resistance at 0.7215, more bear-swings likely – Tunnel spreads to speculate

Jul 18, 2016 06:02 am UTC| Technicals

This APAC pair has extended losses on 4th consecutive day after dropping from the resistance at 0.7215 levels (1-year highs at 0.7324, see monthly charts). From here onwards, more bearish pressures is seen as it has...

Gold: Intraday Trade idea

Jul 18, 2016 05:51 am UTC| Technicals

Major intraday resistance -$1337 (90 H EMA) The yellow metal has made a high of $1338 and declined from that level. It is currently trading around $1329. Gold has made a low of $1323.68 yesterday and slightly...

FxWirePro: Silver hits fresh 6-day low at 19.74 in early hours of Asia; sell on rallies

Jul 18, 2016 05:50 am UTC| Technicals

XAG/USD is currently trading around $19.98 marks. It made intraday high at $20.20 and low at $19.74 levels. Intraday bias remains bearish till the time pair holds key resistance at $20.32 levels. A daily...

FxWirePro: AUD/NZD on track to test 100-DMA at 1.0828, good to buy on dips

Jul 18, 2016 05:39 am UTC| Technicals

AUD/NZD has retraced from session highs at 1.0741 and is currently trading around 1.0700 levels. The pair has broken major trendline resistance at 1.0500 levels, bias higher. Momentum studies are heavily bullish,...

FxWirePro: Indian rupee opens marginally higher at 67.12 against US dollar, faces key resistance at 67.22

Jul 18, 2016 05:05 am UTC| Technicals

USD/INR is currently trading around 67.12 marks. It made intraday high at 67.17 and low at 67.10 marks. Intraday bias remains bullish till the time pair holds immediate support at 66.90 marks. Key...

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Economy

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Oil prices climbed on Tuesday as stalled U.S.-Iran peace negotiations and uncertainty over reopening the Strait of Hormuz renewed concerns about global energy supplies. Asian stock markets, meanwhile, traded cautiously as...

Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy

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Politics

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Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow

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Trump Secretly Switched Planes in Turkey After Iran Threat, Report Says

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FCC Steps Up China Tech Crackdown as Beijing Pushes Back

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Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

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Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

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Technology

Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms

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Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants

Nvidia is expanding its influence beyond semiconductors after announcing agreements aimed at mobilizing up to $500 billion in third-party capital for artificial intelligence infrastructure. The move brings the AI chip...

SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges

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Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch

Apple Inc. (NASDAQ: AAPL) is reportedly testing memory chips from Chinese semiconductor manufacturer CXMT Corp as the rapid expansion of artificial intelligence infrastructure puts increasing pressure on global memory...

Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors

Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) are reportedly preparing to invest about 1 trillion yen ($6.32 billion) in a new Japanese semiconductor venture focused on next-generation chips for image...
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