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FxWirePro: CAD/JPY trades below trend line support, good to sell on rallies

Nov 24, 2015 11:25 am UTC| Technicals

CAD/JPY has once broken trend line support 92.05 (trend line joining 88.69 and 90.61) and declined till 91.65. Short term trend is bearish as long as resistance 92.50 holds. The pairs short term resistance is around...

FxWirePro: Cable forms bullish Cypher pattern, good to buy at dips

Nov 24, 2015 11:06 am UTC| Technicals

Harmonic Pattern Formed- Bullish Cypher pattern Potential Reversal Zone (PRZ)- 1.5078 Cable has declined till 1.5100 after breaking minor support 1.5150. It is currently trading at 1.51233. Any break below 1.5050...

FX Hedging Strategy Series

FxWirePro: AUD/CAD option trade set up

Nov 24, 2015 10:32 am UTC| Technicals

We observed the pair has currently been unable to breach and sustain trend line resistance where prices were rejected at 0.9656. This shorting call was coupled with other bearish indications as well. As shown in the...

Euro-Pound Libor spread at lowest since 2008

Nov 24, 2015 10:14 am UTC| Technicals

EUR/GBP exchange rate is seeing a bit of upside today, traded as high as 0.705, jumping back slowly from recent lows below 0.7 area. Despite these noise, we at FxWirePro, remain firmly committed to our downside call for...

EUR/USD European session Update- Watch out for 1.06700

Nov 24, 2015 09:48 am UTC| Technicals

EUR/USD has recovered till 1.06697 at the time of writing in European session and slightly retreated from that level. It is currently trading at 1.06500. Major intraday resistance is around 1.06700 (34 day 4H EMA)...

FxWirePro: AUD/CAD bullish reversal spotted out after 3 white soldiers – target southwards 60 pips

Nov 24, 2015 09:10 am UTC| Technicals

3 white soldiers candlestick pattern is figured out on weekly charts of AUDCAD. The best percentage price meeting target is 23.6% retracement on either side of break out of trend line. We could foresee retest of...

FX Hedging Strategy Series

FxWirePro: NZD/JPY to retest 79.450 - deploy NZD/JPY OTM calls in option combos

Nov 24, 2015 08:13 am UTC| Technicals

Weve been observing consistent price drop in this pair from last Friday when it has formed a shooting star candle pattern at 80.498 signifying more weakness towards downside, previous to which the puzzling trend in this...

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Economy

Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears

Oil prices remained elevated during Asian trading on Wednesday as markets processed mixed signals surrounding the ongoing conflict with Iran. Brent crude futures for June climbed 0.5% to $104.47 per barrel, while West...

Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying

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Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms

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Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected

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South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand

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Politics

U.S.-Iran War: Rubio Says Finish Line Is Visible as Diplomatic Talks Begin

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Trump Signs Executive Order Tightening Mail-In Voting Rules Amid Legal Backlash

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Trump Attends Supreme Court Hearing on Birthright Citizenship Restrictions

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Rubio Calls for Democratic Transition and Free Elections in Venezuela

U.S. Secretary of State Marco Rubio declared Tuesday that Venezuela must undergo a political transition leading to free and fair elections, while urging both patience and vigilance from Washington. Speaking on Fox News...

U.S. Senator Pushes to Permanently Block Chinese Automakers from American Market

Republican Senator Bernie Moreno announced plans to introduce legislation next month that would permanently and comprehensively ban Chinese automakers from the U.S. automotive market. The proposed bill would expand on an...

Science

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

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SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

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

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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...

Technology

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...

Apple Turns 50: From Garage Startup to AI Crossroads

In early 1976, engineer Steve Wozniak finished designing a computer circuit board he planned to share with fellow hobbyists at a local California tech club. His friend Steve Jobs recognized a commercial opportunity, and...

Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda

Secretary of State Marco Rubio has instructed American diplomats to leverage social media platform X and collaborate with Pentagon psychological operations units as part of a broader strategy to combat foreign...

Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers

Microsoft Corporation (NASDAQ: MSFT) is reportedly in exclusive negotiations with Chevron Corp (NYSE: CVX) and investment firm Engine No. 1 to develop a massive energy complex in West Texas dedicated to powering its...

California's AI Executive Order Pushes Responsible Tech Use in State Contracts

California Governor Gavin Newsom signed a landmark executive order Monday, setting new standards for artificial intelligence governance in state contracting. The directive requires companies seeking government contracts to...
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