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FxWirePro: AUD/JPY faces strong resistance around 87.35, good to sell on rallies

Sep 01, 2015 06:17 am UTC| Technicals

AUD/JPY has made a low of 81.89 on Monday and recovered till 87.15. Overall trend is weak as long as resistance 87.35 holds. Any break above 87.35 will take the pair to next target at 88.14/88.59. On the downside...

FxWirePro: Sell GBP/JPY on rallies around 185.80-85 with SL around 186.50 for the TP of 185/184.20

Sep 01, 2015 05:32 am UTC| Technicals

GBP/JPY made a high of 187.48 on Aug 28th and has started to decline from that level. Short term trend is still weak as long as resistance 186.50 holds. Any break above 186.50 will take the pair to next target around...

FxWirePro: Risk-off conditions benefiting yen, good to sell USD/JPY rallies

Sep 01, 2015 05:29 am UTC| Technicals

USD/JPY off again on de-risking after weak China PMI rekindles Chinas hard landing concerns Asian indexes extended sell-off for the second straight session led by Shanghai stocks amid deteriorating Chinese...

FxWirePro: AUD/USD largely unchanged on RBA, good to sell rallies

Sep 01, 2015 04:54 am UTC| Technicals

AUD/USD remained largely muted on as expected RBA decision, statement almost identical to last months AUD/USD last at 0.7141 after trading at 0.7140 just prior, focus now turns to Wednesdays GDP release Long term...

FxWirePro: AUD/USD edges higher ahead of RBA decision, tough resistance at the 0.72 handle

Sep 01, 2015 04:26 am UTC| Technicals

AUD/USD edges higher after failing to break 0.7100 on the day, currently trading at 0.7140 Better than expected Chinese Manufacturing data and impressive Australian building permits lift AUD Long term momentum is...

FxWirePro: Buy AUD/USD only above 0.7170 with SL around 0.7125 for the TP of 0.7248/0.7295

Sep 01, 2015 03:45 am UTC| Technicals

Aussie is facing trend line resistance around 0.7170 and any break above would extend gains till 0.7250/0.7300. On the downside minor support is around 0.7080 and break below targets 0.7030/0.7000. It is good to...

FxWirePro: Sell USD/CAD on rallies around 1.3145-50 with SL around 1.3215 for the TP of 1.3050/1.2960

Sep 01, 2015 03:02 am UTC| Technicals

Loonie breaks minor trend line support 1.3150 which confirms short term weakness, a decline till 1.3000/1.2950 cannot be ruled out . On the downside major support is around 1.3050 and any break below 1.3050 will drag...

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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

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

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U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

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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

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

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

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

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....