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FxWirePro: USD/CAD key resistance at 1.3101, upside prevails in the short term

Aug 11, 2015 12:29 pm UTC| Technicals

USD/CAD has consolidated to trade above 1.3000 levels after hitting daily lows yesterday. The pair is expected to continue its bullish bias further, as long as it trades above 1.3000 levels. The currency pair is...

FxWirePro: USD/JPY approaching support level at 124.85, upside prevails in the short term

Aug 11, 2015 12:17 pm UTC| Technicals

USD/JPY is approaching to test support level at 124.85, the pair is set to advance further towards 125.30 and later 125.50 levels in the short term. Short rally around 124.60- 124.70 should be taken as advantage for...

FxWirePro: EUR/USD approaching support level at 1.1031, buy deals are recommended above 1.0990

Aug 11, 2015 12:06 pm UTC| Technicals

The pair found bullish momentum yesterday and closed above 1.1000 psychological levels , its is expected to continue its bullish momentum further in the short term. The pair is trading around 1.1034 levels and it is...

Aussie trades weak, decline till 0.7250 cannot be ruled out

Aug 11, 2015 12:03 pm UTC| Technicals

RES 4 : 0.7495 ( Jul 10th high) RES 3: 0.7450 (Jul 21st high) RES 2: 0.74275 (Aug 4th high) RES 1: 0.7370 (20 day 4 HMA) PRICE: 0.7327 @12:02 GMT SUP 1: 0.7315 (Aug 6th low) SUP 2: 0.7250...

FxWirePro: EUR/USD bounces to 1.1040, consolidating above 1.1000

Aug 11, 2015 12:01 pm UTC| Technicals

EUR/USD bounced to 1.1048 after hitting session lows at 1.0960 and is currently consolidating above 1.1000 The pair edged higher supported by good results from the ZEW Survey in Germany and the euro area Increasing...

FxWirePro: USD/JPY faces strong resistance around 125, good to buy at dips

Aug 11, 2015 11:41 am UTC| Technicals

RES 4: 127.93 (161.8% retracement of 125.85 and 120.40) RES 3: 126.88 (161.8% retracement of 124.43 and 120.45) RES 2 : 125.85 (jun 5th high) RES 1:125 PRICE: 124.91 @11:27 GMT SUP1 : 124.70 (20 day 4...

FxWirePro: GBP/CNY hits 10-month high post PBOC devaluation, good to buy on dips

Aug 11, 2015 11:27 am UTC| Technicals

The unexpected PBOCs decision to depreciate its currency has pushed GBP/CNY to 10-month high at 9.8763 levels. It currently trades at 9.8398 levels. 7 EMA and 20 DMA crossover suggests further positive move for the...

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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...

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Politics

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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

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Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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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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Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

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Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

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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

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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....
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