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AUD/USD not far from recent lows

Jun 08, 2015 12:17 pm UTC| Technicals

AUD/USD slightly higher on Obama/White House USD issue but still lingering near recent lows Pair could see a new bear leg if it slips below 0.7530 Eyes resistance near 0.74670/80 as US yields a bit soft USD staying...

USD/ZAR correction underway

Jun 08, 2015 12:11 pm UTC| Technicals

USD/ZAR correction underway but still out of the money, price hits 12.656 before turning Daily Stochs continue to bump along sideways at overbought level 30-Day upper Bollinger line clear below price, indicating...

AUD/USD recovers from low of 0.7595, good to sell on rallies

Jun 08, 2015 12:01 pm UTC| Technicals

RES 3: 0.7760 (Jun 4th high) RES 4: 0.7725 (Jun 5th high) RES 2 :0.7687 (200 day HMA) RES 1 : 0.7660 (trend line resistance ) PRICE: 0.7635 @ 12:00 GMT SUP 1: 0.7650 SUP 2:0.7590 (Jun 1st...

GBP/USD is facing trend line resistance around 1.5310 , decline till 1.5180 is possible

Jun 08, 2015 11:45 am UTC| Technicals

RES 4: 1.5380 (Jun 3rd high) RES 3: 1. 5350 (20 day HMA) RES 2: 1.5306 (200 day HMA) RES 1: 1.5263 (20 day HMA) PRICE: 1.52506@ 11:34 GMT SUP 1: 1.5169 (Jun 1st low) SUP 2: 1.5080 (May 5th...

USD/JPY declines from 13 year high, good to sell on rallies

Jun 08, 2015 09:09 am UTC| Technicals

RES 4:127.55 (61.8% Projection of 118.90 to 125.04 from 123.74) RES 3 : 126.50 RES2: 125.84 (161.8% retracement of 125.04 and 123.74) RES 1: 125.49 (20 day HMA) PRICE: 125.33 @ 10:43 GMT SUP 1: 125.28...

USD/SGD is supported above major resistance at 1.3600 levels

Jun 08, 2015 03:57 am UTC| Technicals

Next resistance found at 1.3682, 61.8% Fibonacci retracement Pair last at 1.3602-05, traded 1.3579-1.3605 range so far Singapore Forex reserve data in...

USD/MYR squeezed above 3.7600, short cover into fix

Jun 08, 2015 03:45 am UTC| Technicals

Drop in oil prices further weigh on the MYR Nymex crude last at -0.59 to per barrel Pair last at 3.7620-50, traded 3.7620 high so far NDFs last 3.7730-70; KLCI...

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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

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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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Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

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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

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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

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

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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....