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FxWirePro: USD/JPY neutral near-term, scope for further downward downside

Mar 17, 2016 15:03 pm UTC| Technicals

The Japanese yen accelerated its gain against US dollar, pulling the pair all the way towards 110.63 levels. Its lowest since November 10th 2014 before recovering to trade at 111.46 levels, following the release of...

Cable breaks major resistance 1.4400, jump till 1.4500/1.4580 is possible

Mar 17, 2016 12:40 pm UTC| Technicals

Major resistance -1.4400 Major support 1.3450 The pair has broken major resistance around 1.4400 and jumped till 1.44253. It is currently trading around 1.43995. Intraday trend is bullish as long as support...

GBP/JPY Trade Idea

Mar 17, 2016 11:06 am UTC| Technicals

Major support 159.50 Major intraday resistance 161.05 (55 day 4 H EMA) The pair has broken major support 159.50 and declined till 159.12 It is currently trading around 159.77. Any break below 159.50...

FxWirePro: EUR/USD faces resistance 1.618% extension, good to sell on rallies

Mar 17, 2016 10:14 am UTC| Technicals

Major resistance 1.13200 (161.8% retracement of 1.1280 and 1.10578) The pair has made a high of 1.12963 and slightly decline from that level. It is currently trading around 1.12870. Intraday trend is slightly...

FxWirePro: EUR/GBP upside capped at 0.79, focus on BoE rate decision

Mar 17, 2016 09:31 am UTC| Technicals

Upbeat UK labor market and wage data, pushed EUR/GBP to a daily low of 0.7840 levels on Wednesday. The pair is firmer on the day and is now testing session highs in the vicinity of the key barrier at...

BTC/USD faces strong resistance around $425, break above targets $465

Mar 17, 2016 09:00 am UTC| Technicals

Major resistance - $425 (trend line joining $447 and $440) BTC/USD is consolidating between $421.59 and $406 for the past three trading session. It is trading around $414. Short term trend is slightly bullish as...

Silver remains well supported below key resistance at $15.72, intraday bias remains bullish

Mar 17, 2016 08:54 am UTC| Technicals

XAG/USD is currently trading at $15.68 levels. It made intraday high at $15.69 and low at $15.52 levels. Intraday bias remains bullish for the moment. On the top side, key resistance level falls at $15.72...

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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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Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

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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

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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

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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