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EUR/USD faces resistance at 1.618 extension,sell at 1.1280

Mar 11, 2016 03:20 am UTC| Technicals

Major resistance - 1.1280 (161.8% retracement of 1.10682 and 1.08255) The pair has recovered after making a low of 1.08221 after ECB meeting. EUR/USD has made a high of 1.1282 and slightly retraced from that...

FxWirePro: Nikkei225 breaks major support at 16420, good to buy at dips

Mar 11, 2016 02:51 am UTC| Technicals

Major support -16420 ( trend line joining 14770 and 15523) Major Resistance - 17200 The index is consolidating between narrow range 16460-17164 for the past three trading session. It is currently trading around...

FxWirePro: Gold prices set to advance further, bullish extension till 1280 is likely

Mar 10, 2016 16:17 pm UTC| Technicals

The yellow metal inched higher on Thursday as the Euro bounced back from 6 weeks low after European Central Bank signaled that further interest rate cuts in the Eurozone is unlikely. The commodity is set to advance...

FxWirePro:USD/CAD strongly bearish despite upside attempts

Mar 10, 2016 15:48 pm UTC| Technicals

The USD/CAD pair inched higher on Thursday as crude oil prices declined, with the currency pair pulling back from four month low reached on Wednesday. The pair hit low at 1.3235 before recovering to trade around...

FxWirePro: AUD/USD runs out of steam but maintains bullish outlook

Mar 10, 2016 15:09 pm UTC| Technicals

AUD/USD pair has made a short pullback to test 61.8% fib retracement level at 0.7415. Currently the pair is making an attempt to rebound back towards 0.7500 levels. The pair is set to reach higher level, as the pair...

FX Hedging Strategy Series

FxWirePro: USD/CHF valuations seems tighter at 1.0032 after rejecting channel line resistance, short strangle for speculation

Mar 10, 2016 14:22 pm UTC| Technicals

The pair could not hold onto major resistances at 1.0093 and 1.0032 levels. On the flips side, it was neither ready to give up below 7DMA. On monthly terms, although dollar showing much volatility against Swiss franc...

FX Hedging Strategy Series

FxWirePro: USD/CHF IVs no exception from rising ahead of SNB's policy season, trend narrowing - short HY IVs via OTM strangles

Mar 10, 2016 13:23 pm UTC| Technicals

Since it stepped up into a higher range in July/August, EUR/CHF has been stuck trading around 1.07/1.10. That still leaves USD/CHF determined by EUR/USD. After the ECB eased by less than expected in early December, the...

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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

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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

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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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