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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...

FxWirePro: NZD/USD extends rally on the 0.67 handle, break above 0.6785 resistance to test 0.6835 levels

Mar 17, 2016 04:37 am UTC| Technicals

Kiwi rallied against the US Dollar buoyed by a more dovish than anticipated FOMC statement and upbeat NZ GDP data. New Zealand Q4 GDP arrived at +0.9% q/q vs the +0.6% expected vs. 0.9% prior, and y/y actual at 2.3%...

USD/MYR hits 6 -month low, intraday bias remains bearish

Mar 17, 2016 04:29 am UTC| Technicals

Pair is currently trading around 4.0840. It made intraday high at 4.0933 and low at 4.0688 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.1235. A sustained break above key...

FxWirePro: AUD/USD breaks above 0.76 barrier, good to buy dips

Mar 17, 2016 04:05 am UTC| Technicals

AUD bulls ignore poor show in the Australian jobs data, push higher to break the 0.76 handle after a surprisingly dovish FOMC. Australias Bureau of Statistics reveled a 0.3k increase in total employment (seasonally...

Gold rebounds from earlier losses, good to buy on dips

Mar 17, 2016 03:59 am UTC| Technicals

Gold rose 2.49% to $1,261.70 an ounce on New Yorks Comex in the minutes following the FOMC monetary policy statement. XAU/USD is currently trading around $1255 mark. It made intraday high at $1262 and low at...

US Oil breaks major resistance around $39, targets $40.85

Mar 17, 2016 03:14 am UTC| Technicals

Major resistance -$39 Minor support - $38 US Oil has broken major resistance $39 and jumped till $39.35. It is currently trading around $39.11.Short term trend is bullish as long as support $36 holds. On the...

USD/KRW hits fresh 2- month low, likely to test 1162 mark

Mar 17, 2016 02:31 am UTC| Technicals

USD/KRW is currently trading around 1174 levels. It made intraday high at 1177 and low at 1173 levels. Intraday bias remains bearish for the moment. Pair breaks key support at 1180 mark and hits fresh 2...

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Science

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Technology

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Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants

Nvidia is expanding its influence beyond semiconductors after announcing agreements aimed at mobilizing up to $500 billion in third-party capital for artificial intelligence infrastructure. The move brings the AI chip...
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