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FxWirePro: CAD/JPY forms bearish BAT pattern, good to sell on rallies

Mar 08, 2016 07:12 am UTC| Technicals

Pattern Formed - Bearish BAT Pattern Potential Reversal Zone (PRZ) - 86.16 The pair has retreated after making a high of 85. is currently trading around 84.76. Short term trend is weak as long as resistance...

EUR/SEK intraday bias remains bullish with a key support at 9.3000

Mar 08, 2016 07:07 am UTC| Technicals

Pair is currently trading around 9.3400 levels. It made intraday high at 9.3421 and low at 9.3195 levels. Intraday bias remains bullish for the moment. A daily close below 9.3000 will turn the bias bearish...

FxWirePro: USD/JPY breaks major support at 113.45 support, good to sell rallies

Mar 08, 2016 07:00 am UTC| Technicals

USD/JPY has been trading a rising wedge pattern and has broken strong support at 113.45 (wedge base). The pair has hit lows of 112.74 and has edged slightly higher to currently trade around 113 levels. Poor...

FX Hedging Strategy Series

FxWirePro: EUR/NZD moves sideways to bearish, IVs overreact - hedge via 3 way straddle versus call

Mar 08, 2016 06:45 am UTC| Technicals

Technical glimpse: Please observe the Euros lacklustre movements against Kiwi dollar, it (EURNZD) has been creeping sideways to become an underperformer from last couple of trading sessions. Especially from 20th...

GBP/NZD breaks major resistance at 2.1030, targets 2.1250

Mar 08, 2016 06:33 am UTC| Technicals

Major Support -2.0880 (trend line joining 2.0625 and 2.08325) Major resistance- 2.103 ( trend line joining 2.1997 and 2.12525) The pair has recovered after making a low of 2.0835. It is currently trading around...

USD/INR fails to break key support at 67.00, buy on dips

Mar 08, 2016 06:25 am UTC| Technicals

Pair is currently trading around 67.29 levels. It made intraday high at 67.32 and low at 67.21 levels. Intraday bias remains bullish for the moment. A current downfall from 68.78 likely to end around 67.00...

FX Hedging Strategy Series

FxWirePro: EUR/NZD sideway trend to prolong in short run, stay short for long term bearish trend

Mar 08, 2016 06:23 am UTC| Technicals

We observe Euros tepid movements against Kiwi dollar, it (EURNZD) has been creeping sideways to become an underperformer from last couple of trading sessions. Especially 20th January, EURNZD dropped almost 5.75% from...

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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

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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