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AUD/CAD short-term outlook

Jul 01, 2016 07:21 am UTC| Technicals

Upside in CAD is likely limited as we feel oil prices have peaked at current levels. Technically, AUD/CAD finds stiff resistance at 0.97 levels (channel top and 200-DMA). Momentum studies have turned bullish, RSI...

FxWirePro: USD/CNY hovers around 6.65 mark, PBoC sets yuan midpoint at 6.6496 per dollar

Jul 01, 2016 07:00 am UTC| Technicals

USD/CNY is currently trading around 6.6510 marks. It made intraday high at 6.6519 and low at 6.6453 levels. Intraday bias remains bullish till the time pair holds key support at 6.6330/6.6110 levels. On the...

FxWirePro: NZD/JPY ends 3 consecutive days of gains, 10-DMA caps upside

Jul 01, 2016 06:52 am UTC| Technicals

NZD/JPY remains capped below 10-DMA at 73.64, further upside only on break above. The pair ends 3 consecutive days of gains, and is trading a narrow range on the day. We see scope for downside in the pair. Break...

FxWirePro: CAD/JPY bulls seem to be exhausted at 7DMA, major bear trend intensified – ‘One Touch Digital Puts’ for speculation

Jul 01, 2016 06:29 am UTC| Technicals

After four days of price recoveries, the bulls now seem to be exhausted and have lost the momentum in buying. We could foresee bears business to resume in CADJPY when we consider the intermediate and long term trend of...

FxWirePro: GBP/JPY struggles to break above 140, good to sell on rallies

Jul 01, 2016 06:20 am UTC| Technicals

Major resistance- 140 GBP/JPY has declined sharply after making a high of 139.01. It is currently trading around 136.59. Short term trend is still weak as long as resistance 140 holds. The bear trend from...

FxWirePro: USD/ZAR almost flat at 14.75 mark, a break below targets 14.28

Jul 01, 2016 06:04 am UTC| Technicals

USD/ZAR is currently trading around 14.75 levels. It made intraday high at 14.77 and low at 14.70 levels. Intraday bias remains neutral till the time pair holds key support at 14.75 marks. A daily close...

Gold faces strong resistance around $1335, break above targets $1358/$1372

Jul 01, 2016 05:32 am UTC| Technicals

Major resistance - $1335 (26th Jun 2016 high) Major support - $1317 (21 4H MA) Gold has recovered sharply till $1330 at the time of writing after the Mark Carney hinted that the BOE could ease monetary policy...

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Economy

Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow

Oil prices climbed on Tuesday as stalled U.S.-Iran peace negotiations and uncertainty over reopening the Strait of Hormuz renewed concerns about global energy supplies. Asian stock markets, meanwhile, traded cautiously as...

Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy

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Politics

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Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow

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Trump Secretly Switched Planes in Turkey After Iran Threat, Report Says

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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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SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

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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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