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FxWirePro: CHF/JPY hits fresh 1-year low, good to sell on rallies

Jan 18, 2016 06:13 am UTC| Technicals

CHF/JPY has broken yearly low 116.79 (Jan 7th low) and declined till 116.38. It is currently trading around 116.59. Short term trend is still weak as long as resistance 117.35 (trend line joining 118.92 and 117.63)...

FX Hedging Strategy Series

FxWirePro: Whipsaws on NZD/USD interim upswings confirm more bearish potential – day open breaks support at 0.6475

Jan 18, 2016 05:51 am UTC| Technicals

Weekly analysis: Despite the breach of channel line resistance at 0.6723, Shooting star and Gravestone doji patterns occur at peaks of 0.6722 and 0.6828 respectively to evidence further weakness. More notably, it is...

FxWirePro: USD/CAD edges lower from fresh multi-year highs at 1.4605, good to go long on dips around 1.45

Jan 18, 2016 05:50 am UTC| Technicals

Rout in crude prices following the lift-off of Iran sanctions over the weekend dented the resource-linked loonie. Futures for WTI plunged 5.74% to trade at $29.41 per barrel, its lowest since November 2003, while...

FxWirePro: Gold faces strong support at $1070, good to buy at dips

Jan 18, 2016 05:24 am UTC| Technicals

Major trend line support - $1070 (trend line joining $1047 and $1058) The commodity has made a low of $1071 and started to recover from that level. Short term trend is still bullish as long as support $1070...

FxWirePro: EUR/JPY extends consolidation after bounce from trendline support, strong resistance at 128 levels

Jan 18, 2016 05:10 am UTC| Technicals

EUR/JPY finds strong resistance in the 127.85-128.55 zone, further upside can be seen only on breaks above. The pair is seen consolidating after bouncing off trendline support at 126.77, but upside capped by 10-DMA...

FxWirePro: AUD/USD recovers from multi-year lows, holds above 0.69 handle

Jan 18, 2016 04:40 am UTC| Technicals

Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-unable-to-hold-gains-above-5-DMA-tests-06920-support-143126) has acheived targets. On the day, AUD/USD ignores slump the Asian markets amid falling oil...

Traders enjoying roller coaster movement in Gold

Jan 18, 2016 04:27 am UTC| Technicals

Since the beginning of the New Year, Traders taking benefit from the range bound market movement in Gold. The yellow metal benefited from yet more stock market weakness, especially in China, and a sliding US dollar that...

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Economy

Asian Currencies Steady Ahead of US CPI as Oil Prices Rise

Asian currencies were mostly unchanged against the U.S. dollar on Wednesday as investors awaited key U.S. inflation data that could shape expectations for the Federal Reserves next interest-rate decision. Meanwhile, rising...

Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears

Canada and the United States held another round of high-level trade talks on Tuesday as Ottawa seeks to prevent new U.S. tariffs on Canadian goods from taking effect on August 19. Dominic LeBlanc, Canadas minister...

Australia Sets New Minimum Pay, Insurance Rules for Gig Workers

Australias Fair Work Commission (FWC) has approved new minimum standards for food and grocery delivery workers, giving gig economy workers higher pay and greater protection against workplace injuries. Under the new rules,...

Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets

Gold prices climbed on Wednesday, remaining close to the $4,400-an-ounce mark as uncertainty surrounding the reopening of the Strait of Hormuz boosted oil prices and kept investors focused on the Federal Reserves...

Oil Prices Rise as Hormuz Tensions Threaten Global Supply

Oil prices climbed on Wednesday, approaching a two-week high as uncertainty over the Strait of Hormuz and fresh attacks on shipping raised concerns about prolonged disruptions to global crude supplies. Brent crude oil...

Politics

Peggy Flanagan Wins Minnesota Democratic Senate Nomination

Minnesota Lieutenant Governor Peggy Flanagan has secured the Democratic nomination for the U.S. Senate, setting up a closely watched general election contest against Republican nominee Michele Tafoya. U.S. media outlets...

U.S. Military Operations Killed 153 Civilians in 2025, Pentagon Says

U.S. military operations killed 153 civilians and wounded another 243 in 2025, according to Pentagon assessments cited by a U.S. official, marking a sharp increase from the civilian casualty figures reported for 2024. The...

Bashar al-Assad Sentenced to Death After Syria Regime Collapse

Bashar al-Assads 24-year rule over Syria ended dramatically in December 2024 after rebel forces launched a rapid offensive that overwhelmed his weakened military. With Russia focused on its war in Ukraine and Iran weakened...

Trump Signs Order to Cut Routine Childhood Vaccines

President Donald Trump has signed an executive order seeking to reduce the number of routine childhood vaccinations recommended in the United States and directing the Justice Department to challenge certain state vaccine...

Wisconsin Democratic Primary Tests Progressive Appeal

Democratic socialist Francesca Hong and moderate David Crowley remained locked in a tight race Tuesday in Wisconsins closely watched Democratic gubernatorial primary, offering an important test of progressive candidates...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI Executive Brad Lightcap to Leave for New AI Venture

Brad Lightcap, one of OpenAIs most senior executives and its former chief operating officer, is leaving the artificial intelligence company to launch a new venture, adding to a series of major leadership changes across the...

Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms

Anthropic has reportedly signed a $9.1 billion long-term agreement with Riot Platforms (NASDAQ: RIOT) to secure large-scale AI computing capacity, marking another major investment by the Claude developer as demand for...

Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow

Trump Media Technology Group said Monday that more than 10 customers have signed up for its upcoming Truth API, a real-time data service designed to provide rapid access to posts from prominent Truth Social accounts,...

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...

SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges

The U.S. Securities and Exchange Commission (SEC) has provided regulatory clarification that could make it easier for data center owners and operators to access capital markets as the artificial intelligence boom drives...