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Gold breaks minor trend line support around $1180, targets $1159

Oct 16, 2015 10:17 am UTC| Technicals

Gold has made a high of $1190 and started to decline from that level. It is currently trading at $1176. It has broken minor trend line support $1180 (trend line joining $1151 and $1163) and break below targets...

FxWirePro: EUR/GBP extends range trade, muted reaction to EZ CPI data

Oct 16, 2015 09:54 am UTC| Technicals

EUR/GBP extends range trade, 0.7372 being days high and 0.7343 the days low The pair continues to trade sideways, poor EU CPI data having negligible impact on the euro EZ CPI fell 0.1% y/y in Sept following the 0.1% hike...

Loonie faces trend line resistance at 1.2902, break above targets 1.302

Oct 16, 2015 09:51 am UTC| Technicals

USD/CAD has made a low of 1.28321 and recovered from that level. It is currently trading at 1.28950 Loonie is facing major short term trend line resistance around 1.2902 (trend line joining 1.3080 and 1.3015) and any...

FxWirePro: USD/ZAR edges higher from 7-week lows, Rand ends 2 days of strong gains

Oct 16, 2015 09:20 am UTC| Technicals

South Africas rand on Friday ended a recent rally after stronger-than-expected U.S. inflation data lifted the dollar, while stocks were expected to open higher Rand failed to breach the key 13.00 resistance level on...

EUR/USD sees strong support at 1.13500, break below targets 1.1260

Oct 16, 2015 09:08 am UTC| Technicals

EUR/USD has recovered till 1.14189 after making a low of 1.13589. It is currently trading at 1.13700. The pairs major trend line support is around 1.13500 and any major weakness can be seen below that level. Any break...

FxWirePro: Capitalize on NZD/JPY rallies to deploy shorts in put ladder for hedging

Oct 16, 2015 08:35 am UTC| Technicals

Although weve been observing some bounces we could see with a dubious eyes on Kiwi fundamentals which are not that conducive and hence, we maintain long term bearish trend in our opinion, while short term upswings could...

FxWirePro: Sell USD/JPY on rallies around 118.95-119 with SL around 119.31 for the TP of 118.01

Oct 16, 2015 07:05 am UTC| Technicals

USD/JPY has not able to break above trend line resistance 119.30, it confirms intraday weakness , a decline till 118 is possible. Any break above 119.30 will take the pair till 119.80/120.05. It is good to sell...

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Economy

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Venezuela Seeks UN Security Council Meeting Over U.S. Oil Tanker Blockade

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Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

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Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

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NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

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Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

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Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

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Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

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OpenAI Explores Massive Funding Round at $750 Billion Valuation

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Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...
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