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US Oil breaks major support at $43.40, targets $42.40/$41.40

Apr 22, 2016 11:50 am UTC| Technicals

Major Support - $43.30 (trend line joining $37.59 and $39.77) Major resistance -$44 US Oil has broken major support $43.30 and declined till $43.09. It is currently trading around $43.11. Any break below...

GBP/JPY Trade Idea

Apr 22, 2016 10:22 am UTC| Technicals

Major resistance 158.10 (trend line joining 162.57 and 158.37) Major support- 156.45 (7 day EMA) GBP/JPY has regained today morning after making a low of 156.51 yesterday. It is trading around 157.80. The...

DXY breaks major resistance at 94.70, jump till 95.35/95.80 is possible

Apr 22, 2016 09:15 am UTC| Technicals

Major resistance - 94.70 (trend line joining 96.39 and 95.20) Major intraday support- 94.40 DXY has recovered after making a temporary bottom around 93.60. It is currently trading around 94.83. Intraday...

FxWirePro: USD/CNY hovers around key resistance at 6.4910, a break above targets 6.5182

Apr 22, 2016 08:06 am UTC| Technicals

Pair is currently supported above 6.49 marks and trading around 6.4920 levels. It made intraday high at 6.4937 and low at 6.4740 levels. Intraday bias remains neutral for the moment. A daily close below...

FX Hedging Strategy Series

FxWirePro: GBP/CAD bounces amid bears show at 1-year lows, both leading and lagging indicators signal robust bear trend

Apr 22, 2016 07:35 am UTC| Technicals

Despite the handsome recoveries in GBPCAD from last two days, nothing much has changed to the major trend which is vigorously bearish, the current prices have still remained well below 21DMA. In last five months, GBPCAD...

FxWirePro: Go long on USD/ZAR at 14.30 with stop loss at 14.16 and target of 14.64

Apr 22, 2016 07:26 am UTC| Technicals

Pair is currently trading at 14.35 marks. It made intraday high at 14.36 and low at 14.25 levels. Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. A sustained break...

BTC/USD hits two month high, jump till $480/$504 is possible

Apr 22, 2016 07:11 am UTC| Technicals

BTC/USD breaks major resistance $448 and hits two month high yesterday. The pair has slightly retreated after making a high of $452. The pair has consolidating between $410-$430 for several weeks and broken major...

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Economy

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Politics

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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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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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