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FxWirePro: Cable faces strong support at 1.4600, good to buy at dips

May 27, 2016 09:01 am UTC| Technicals

Cable has once again recovered after making a low of 1.46359. Short term trend is still bullish as long as support 1.4600 holds. Minor weakness can be seen only below 1.4600 and any indicative break below 1.4600 will...

FxWirePro: CAD/JPY faces strong resistance at 85.50, good to sell on rallies

May 27, 2016 07:44 am UTC| Technicals

Major resistance- 85.50 (100 day EMA) Major Support 83.60 CAD/JPY has made a high of 85.17 yesterday and started to decline drastically from that level. The pair opened around 84.56 today morning and slightly...

FxWirePro: GBP/JPY faces strong resistance at 162.85, good to sell on rallies

May 27, 2016 07:10 am UTC| Technicals

Major resistance- 162.85 (100 day EMA) Major support- 160.70 (21 day 4H MA) The pair has facing a major resistance around 162.85 and struggling to break above that level. On Wednesday the pair has made a high of...

FxWirePro: AUD/CAD bounces off major trendline support at 0.9320, stay long

May 27, 2016 06:57 am UTC| Technicals

On the daily charts, AUD/CAD has bounced off major trendline support at 0.9320 and edged higher. The pair hit highs of 0.9400 and has since pared some gains to currently trade around 0.9392 levels. Our previous...

BTC/USD breaks major resistance $470, targets $504/$538

May 27, 2016 06:20 am UTC| Technicals

Major resistance - $470 (26th Apr) Major support -$450 The pair has broken major resistance $470 and jumped till $472 at the time of writing. It is currently trading around $470.99. Short term trend is...

FX Hedging Strategy Series

FxWirePro: AUD/JPY whipsaws at 7DMA with 'Dragonfly Doji'; expect interim upswings but never buck major bear trend

May 27, 2016 06:19 am UTC| Technicals

On daily chart, prices drift in whipsaws pattern at 7DMA and at resistance of 79.547 levels. Considering previous downswings prior to the whipsaws, we may now expect slight upswings as the prices holding stronger at...

FxWirePro: EUR/GBP trades a narrow range into the European open, bias lower

May 27, 2016 06:13 am UTC| Technicals

EUR/GBP trades a narrow 15 pips range ahead of the European session, days high at 0.7636 and lows at 0.7621. The pair has been trading a falling wedge pattern since April 2016. After a brief break below, the pair...

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Economy

Asian Currencies Steady as Markets Await U.S. Inflation Data

Asian currencies and the U.S. dollar traded in narrow ranges on Tuesday as investors stayed cautious ahead of key U.S. inflation data that could influence expectations for the Federal Reserves interest-rate outlook. The...

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Gold Price Hits Two-Month High as Investors Await US Inflation Data

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Politics

Ukraine Accuses Russia of Systematic Torture of POWs and Civilian Detainees

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Houthi Attack on Yemen’s Mocha Port Kills 7, Injures 30

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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

The U.S. Federal Communications Commission (FCC) has emerged as a key force in the Trump administrations technology and national security strategy toward China, expanding its role far beyond traditional oversight of...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms

Anthropic has reportedly signed a $9.1 billion long-term agreement with Riot Platforms (NASDAQ: RIOT) to secure large-scale AI computing capacity, marking another major investment by the Claude developer as demand for...

Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants

Nvidia is expanding its influence beyond semiconductors after announcing agreements aimed at mobilizing up to $500 billion in third-party capital for artificial intelligence infrastructure. The move brings the AI chip...

SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges

The U.S. Securities and Exchange Commission (SEC) has provided regulatory clarification that could make it easier for data center owners and operators to access capital markets as the artificial intelligence boom drives...

Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch

Apple Inc. (NASDAQ: AAPL) is reportedly testing memory chips from Chinese semiconductor manufacturer CXMT Corp as the rapid expansion of artificial intelligence infrastructure puts increasing pressure on global memory...

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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