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AUD/JPY broke below channel support at 87.75, test of 85.31 likely

Dec 14, 2015 05:22 am UTC| Technicals

AUD/JPY hit session lows of 86.51, but has kept above daily cloud, breaks below into the cloud could see further weakness, pair could then test 85.31 (61.8% Fib of 81.97 to 90.72 rise). The Aussie dives deeper into...

FxWirePro: Persistent NZD weakness supporting AUD/NZD higher in Asia, but bias still lower

Dec 14, 2015 03:32 am UTC| Technicals

AUD/NZD hit session lows at 1.0663, but was rejected at lows. Bias still lower, the pair is on track to test trend line support at 1.0620. The pair is at the time of writing trading at 1.0719, persistent NZD weakness...

Major Asian Indices Technical Analysis

Dec 14, 2015 02:26 am UTC| Technicals

Nikkei Nikkei has made a low of 18585 at the time of writing and slightly recovered from that level . It is currently trading around index major support is around 17585 (55 W EMA) and any further weakness can be seen...

FX Hedging Strategy Series

FxWirePro: Is crude’s bear run worse than 2009 recessionary cycle? conviction at $35 or below deciding factor

Dec 11, 2015 15:12 pm UTC| Technicals

After having a look upon long term charts, a suspicion arrives in our brains.Can the prevailing bear run surpass the least prices ever in recent history...? this question would take us to absolutely 11.5 years back (which...

FX Hedging Strategy Series

FxWirePro: Time for diagonal straps to hedge GBP/AUD’s puzzling swings

Dec 11, 2015 14:03 pm UTC| Technicals

Dear readers, before beginning with this hedging formulation, lets take a look atour previous post on the trend analysis of GBP/AUD. After going through the above article, we would like you to understand mystification...

FxWirePro: USD/JPY key support at 121.00, buy deals are recommended around 121.10

Dec 11, 2015 14:01 pm UTC| Technicals

USD/JPY has slipped sharply to hit hitting session low at 121.29 and is approaching to test support level located at 121.00. The support level at 121.00 is likely to act as strong barrier to the bears and bring a rebound...

FxWirePro: EUR/USD key resistance at 1.1044, bearish in the short term

Dec 11, 2015 13:14 pm UTC| Technicals

The EUR/USD pair traded in lower range today in the early European session hitting as low as 1.0930 before rebounding towards1.0965 levels, further advance towards higher levels should be limited around 1.1040 levels as...

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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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Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

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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

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

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

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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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