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Cable breaks major support 1.4350, targets 1.4200

Mar 22, 2016 08:09 am UTC| Technicals

Major Support - 1.4350 Major Intraday resistance - 1.4400 The pair has broken major support 1.4350 and declined till 1.4335 at the time of writing. It is currently trading around 1.4345. Short term trend is...

FxWirePro: US OIL faces major resistance at $42.10, good to sell on rallies

Mar 22, 2016 07:53 am UTC| Technicals

Major resistance - $42.10 (200 day MA) Major intraday support - $40.75 US Oil has made a double top around $41.78 and started to decline from that level. It is currently trading around $41.50. Intraday trend...

Silver enjoys roller coaster movement, supported just below $16.00

Mar 22, 2016 07:44 am UTC| Technicals

XAG/USD is currently trading around $15.95 levels. It made intraday high at $15.98 and low at $15.77 levels. Intraday bias remains bullish for the moment. Silver fails to sustain below $15.70 and trading...

FxWirePro: Gold faces major support around $1230, good to buy at dips

Mar 22, 2016 07:08 am UTC| Technicals

Major Support - $1230 (trend line joining $1190 and $1225) Major resistance - $1261 (trend line joining $1284 and $1270) Yellow metal has made a low of $1240 and started to recover from that level. Short term...

FX Hedging Strategy Series

FxWirePro: AUD/NZD bulls sceptic at 1.1290 but aggressive speculators can make money via

Mar 22, 2016 06:37 am UTC| Technicals

From 18th March Aussie dollar against Kiwi dollar has been recovering its last weeks price losses, bulls continued to carry forward gains from the lows of 1.1147 to the current 1.1246 (almost about 0.88%). At 1.1147, it...

FxWirePro: EUR/JPY attempting gains above 126 handle, awaits German Ifo data

Mar 22, 2016 06:17 am UTC| Technicals

EUR/JPY is attempting to break above strong trendline resistance at 126.20. The pair has broken above 38.2% Fib of 132.28 to 122.05 fall at 125.96 and has reclaimed the 126 handle. Markets focus on Euro area...

GBP/JPY faces strong resistance around 161.60, break above targets 162.50/164

Mar 22, 2016 06:11 am UTC| Technicals

Major resistance 161.60 (trend line joining 175.01 and 164.09) Major support 159.50 The pair has recovered after making a low of 160.13. It is currently trading around 161.27. GBP/JPY is facing major...

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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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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

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New York Legalizes Medical Aid in Dying for Terminally Ill Patients

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Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

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China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

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Trump Allows Commercial Fishing in Protected New England Waters

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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

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

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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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