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FxWirePro: Talks of BoJ in the markets, USD/JPY bounces 40 pips off lows

Mar 18, 2016 05:51 am UTC| Technicals

Declines in USD/JPY have been too heavy, the BOJ may be trying to slow down the current pace of Yen appreciation. USD/JPY sees a sudden 40 pips bounce off lows, from 110.89 to 111.29 levels. The pair is...

FxWirePro:USD/CHF faces strong support at 0.9600, good to buy at dips

Mar 18, 2016 05:47 am UTC| Technicals

Major support 0.9600 (trend line joining 0.90719 and 0.9156) The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670. USD/CHF major support is around...

FxWirePro: NZD/USD breaks strong resistance at 0.6850, good to go long on close above, target 0.6925

Mar 18, 2016 05:09 am UTC| Technicals

Broad based weakness in US Dollar and rising commodities buoying the Kiwi. The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels. Close above...

Indian rupee erases previous gain against US dollar, intraday bias remains neutral

Mar 18, 2016 04:21 am UTC| Technicals

USD/INR is currently trading at 66.5850 marks. It made intraday high at 66.62 and low at 66.55 levels. Intraday bias remains neutral for the moment. A daily close below 66.46 will take the parity back around...

FxWirePro: AUD/USD on track to take out 0.77, broadly weak Greenback and commodities' recovery supports

Mar 18, 2016 04:05 am UTC| Technicals

Significant gains in commodities and a broadly weak Greenback supports upside in AUD/USD. The pair has hit session highs at 0.7680, breaking above resistance at 0.7648 (Double top Apr 14th and July 3rd). The...

ASX200 faces strong resistance at 5225, good to buy at dips

Mar 18, 2016 03:18 am UTC| Technicals

Major resistance - 5225 ASX200 has slightly retreated after making a high of 5225. It is currently trading at 5175. Short term trend is slightly bullish as long as support 5130 holds. Any break below 5130 will...

FxWirePro: Nikkei225 faces strong support at 16500, good to buy at dips

Mar 18, 2016 03:02 am UTC| Technicals

Major resistance - 17300 The index has once again retreated after making a high of 17236 yesterday. It is currently trading around 16718.Short term trend is bullish as long as support 16500holds. On the higher...

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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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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

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

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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

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

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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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