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FxWirePro: CAD/JPY takes support around 91.60, good to buy at dips

Dec 01, 2015 12:13 pm UTC| Technicals

CAD/JPY has broken minor trend line resistance 92.05 (trend line joining 93.09 and 92.28) and jumped till 92.62 from that level. Short term trend is bullish as long as support 91.60 holds The pairs short term...

FX Hedging Strategy Series

FxWirePro: WTI crude still weaker; a run through on hedging

Dec 01, 2015 12:05 pm UTC| Technicals

Although WTI crude has shown a little surge in its price, from last 3 days it was unable to sustain these gains, we look out for a drag up to 39.90 levels. The ongoing robust level of crude oil production is likely to...

GBP/AUD breaks major support 2.072, decline till 2 is possible

Dec 01, 2015 11:08 am UTC| Technicals

GBP/AUD has broken major support 2.0720 and declined till 2.0699. Overall trend is weak as long as resistance 2.0120. RBA kept its cash rate unchanged at 2% and left the door open for further rate cut in 2016. UK...

FxWirePro: Gap down in WTI crude sustains with a shooting star - Stay short in WTI crude for TP at 39.90 areas

Dec 01, 2015 11:08 am UTC| Technicals

Short short short..! We kept urging by saying dont jump into the guns having bullish mindset. The technicals for this commodity bolster heaps of selling indications. We spotted out the series of bearish indications...

FxWirePro: EUR/GBP consolidating near recent lows, 0.6984 in sight

Dec 01, 2015 10:43 am UTC| Technicals

Falling 21 DMA at 0.7055 keeps bear pressure on EUR/GBP, the pair eyes 0.7003 after extending south from 0.7051 (Monday high) Consolidation near recent lows persists, expect new long-term trend lows to be made, price...

FxWirePro: GBP/USD trades lower after weaker UK PMI, good to buy at dips

Dec 01, 2015 09:55 am UTC| Technicals

GBP/USD has made a high of 1.51250 and declined from that level after release of weaker than expected UK Manufacturing PMI. UK Manufacturing PMI fell to a seasonal adjusted 52.7 in Nov compared to forecast of...

Gold Vs US Dollar index

Dec 01, 2015 09:24 am UTC| Technicals

Gold has made a low of $1053 lowest level since early 2010 and started to recover from that level. It is currently trading around $1070. MACD is showing bullish divergence in Daily charts so a jump till $1081/$1087 is...

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Economy

India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out

India and the United States have taken a significant step toward strengthening bilateral trade ties with the release of an interim trade framework that includes major tariff reductions on high-end American automobiles and...

Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality

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Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

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China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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Politics

Jack Lang Resigns as Head of Arab World Institute Amid Epstein Controversy

Jack Lang, a prominent French political figure and former culture minister under President François Mitterrand, has stepped down from his role as president of the Arab World Institute in Paris following mounting...

US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks

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Netanyahu to Meet Trump in Washington as Iran Nuclear Talks Intensify

Israeli Prime Minister Benjamin Netanyahu is expected to meet U.S. President Donald Trump in Washington on Wednesday, with Irans nuclear program and regional security topping the agenda. The meeting comes amid renewed...

Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape

U.S. President Donald Trump has publicly endorsed a proposed merger between Nexstar Media Group and Tegna, signaling renewed political attention on the future of local television broadcasting. In a post shared Saturday on...

Japan Election 2026: Sanae Takaichi Poised for Landslide Win Despite Record Snowfall

Japanese voters headed to the polls on Sunday in a rare winter election that could deliver Prime Minister Sanae Takaichi a commanding mandate, even as record snowfall threatened to suppress turnout in parts of the country....

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

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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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