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FxWirePro: AUD/CHF on verge of breaking channel resistance but upside potential upto 21EMA seems certain

Jul 01, 2016 11:27 am UTC| Technicals

From last 6-8 months of consolidation pattern has been showing little spikes but hanging at channel resistance and at 7EMA. We now emphasize 0.7259 (7DMA areas) as a strong support on the upswings as shown on the daily...

US Oil trades well below 200 HMA, decline till $46.80 likely

Jul 01, 2016 11:12 am UTC| Technicals

Major resistance- $48.65 (200 HMA) Major support - $47.80 (50% retracement of $45.81 and $49.97). US oil has broken major support $48 and declined till $47.88. It is currently trading around $47.95. ​ In...

FxWirePro: AUD/CHF faces strong support at 0.7230, good to buy at dips

Jul 01, 2016 09:28 am UTC| Technicals

Major resistance 0.7380 (61.8% retracement of 0.7574 and 0.70323) Major support 0.7230 (daily Tenkan-Sen) AUD/CHF has recovered sharply after making a low of 0.72317 yesterday. It is currently trading around...

FxWirePro: USD/RUB hits fresh 2 –month low at 62.37 mark, faces strong support at 62.21 mark

Jul 01, 2016 08:08 am UTC| Technicals

USD/RUB is currently trading around 64.02 levels. It made intraday high at 64.82 and low at 62.37 levels. Intraday bias remains bearish till the time pair holds key resistance at 65.33 marks. Pair is moving...

DAX30 faces strong resistance at 9860, break above targets 9940/100084

Jul 01, 2016 08:01 am UTC| Technicals

Major resistance 9860 (21 day MA) The index has broken high 9718 (High made after Brexit) and jumped till 9795. It is currently trading around 9668. DAX30 should close above 9860 for further bullishness. Any...

FX Hedging Strategy Series

FxWirePro: USD/CAD likely to drift in range after rejecting resistance at 1.3145, intraday upswings seem unlikely to sustain

Jul 01, 2016 07:55 am UTC| Technicals

Although the prices are trying bounce from last 2 weeks, now remained well below 21DMA that has pulled back into the sideway range lasted for 7 weeks. Current prices are attempting to drop below 7DMA. While breaking...

FxWirePro: CAD/JPY struggles to close above 80, good to sell on rallies

Jul 01, 2016 07:29 am UTC| Technicals

Major resistance- 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80...

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Economy

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Politics

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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

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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

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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

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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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