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FxWirePro: NZD/JPY upside stalls at 76.42, bias higher, test of 77 levels likely

Mar 17, 2016 07:31 am UTC| Technicals

NZD/JPY upside temporarily stalls at 76.42, bias higher, scope for test of 77 levels seen. Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-holds-minor-support-at-7443-upside-could-test-7545-179317) has...

CAD/JPY faces strong resistance around 86.50, break above targets 87.50/89

Mar 17, 2016 06:50 am UTC| Technicals

Major resistance 86.50 (trend line joining 85.76 and 86.13) Major support 85 The pair has retreated once again after making a high of 86.22. it is currently trading around 85.65. The pair is facing strong...

FxWirePro: 'Bullish Bat' pattern on EUR/CAD, good to buy dips

Mar 17, 2016 06:39 am UTC| Technicals

Bullish Bat Pattern seen on EUR/CAD daily charts. The pair has edged higher from 1.4389 levels which is pivotal, weakness seen only on breaks below 1.4380. Retracement upto 1.5330 (61.8% Fib of 1.59145 to 1.43889...

FX Hedging Strategy Series

FxWirePro: GBP/JPY IVs accelerate sky rocketed pace ahead of BoE - hedge downside risks using Vega ATM puts in backspreads

Mar 17, 2016 06:37 am UTC| Technicals

Please have a glance on how implied volatilities of ATM puts of 1D and 1W expiries are acting crazily in OTC markets, 20.36% and 13.09% respectively ahead of Bank of Englands monetary policy which is most likely to be...

FX Hedging Strategy Series

FxWirePro: GBP/JPY’s downtrend to prolong after brief upswing – stay short via binaries and futures contracts

Mar 17, 2016 06:07 am UTC| Technicals

The pair has rejected the resistances at 164.036 and 162.072 levels. The current prices have drifted below 7 21DMAs, so downtrend would likely continue in long run. Selling momentum is intensified as we can make out...

GBP/JPY breaks major support 159.50, targets 158/156.50

Mar 17, 2016 05:55 am UTC| Technicals

Major support 159.50 Major intraday resistance 161.05 (55 day 4 H EMA) The pair has retreated after making a high of 161.03. It is currently trading around 159.43. Any break below 159.50 confirms major...

FxWirePro: EUR/JPY rejected at 126.62 (strong trendline resistance), good to sell rallies

Mar 17, 2016 05:13 am UTC| Technicals

EUR/JPY has been rejected at highs by 126.62, strong trendline resistance seen at 126.60 levels. Pair has been rejected multiple times at trendline since Mar 11th trade. Only breaks above could see further...

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Economy

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher

Marchs Consumer Price Index is expected to post its sharpest monthly increase in nearly four years, driven by skyrocketing oil prices tied to the U.S.-Iran conflict and the ongoing ripple effects of import tariffs. The...

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U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

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Politics

Global Elections 2026: What Investors and Markets Are Watching

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Xi Jinping and KMT's Cheng Li-wun Meet in Beijing Amid Cross-Strait Tensions

Chinese President Xi Jinping met with Kuomintang (KMT) Chairwoman Cheng Li-wun in Beijing on Friday, emphasizing that people on both sides of the Taiwan Strait share a common Chinese identity and that the future of...

Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict

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Iran Denies Negotiating Team Traveled to Pakistan for U.S. Talks Amid Ceasefire Uncertainty

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U.S.-Iran Ceasefire Under Pressure Ahead of Pakistan Peace Talks

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Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

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NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...
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