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EUR/USD eyes 100 DMA support at 1.1219

May 12, 2015 13:25 pm UTC| Technicals

EUR/USD 100 DMA now acts as support at 1.1219 after earlier break 1.1279 stalled the rally earlier, shy of the 1.1290 May 8 high 38.2% of the 1.0521/1.1392 rise is the initial bear target at 1.1059 Intraday supports -...

EUR/JPY held above daily tenkan at 133.64

May 12, 2015 12:45 pm UTC| Technicals

EUR/JPY held above daily tenkan at 133.64; couldnt close sub 23.6% at 133.65 Bund other key bond shorts/equity longs squeezed, short EUR hedges, too Feb high 136.70, 200-DMA 137.30 weekly kijun/50% Fibo key at...

USD/MXN shrugs off higher oil, rallies as global yields continue to rise

May 12, 2015 12:23 pm UTC| Technicals

USD/MXN edges higher, shrugs off higher oil takes cues from firm global rates US 10-yr yields at 6-mos highs, global equities bonds weak as well Resistance at 15.44 May 7 high, 15.478 76.4% Fib of...

EUR/USD is facing resistance around 1.1290, good to buy at dips

May 12, 2015 11:26 am UTC| Technicals

RES4:1.11532 (Feb 3rd high) RES3: 1.1427 (161.8% retracement of 1.12889 and 1.1065) RES 2: 1.13689 (May 6th high) RES 1: 1.1290 (May 1st high) PRICE: 1.12397@ 11:25 GMT SUP 1: 1.1200 (200 day HMA) ...

EUR/GBP pares its gains in European session, good to sell on rallies

May 12, 2015 11:15 am UTC| Technicals

RES 2: 0.7380 (Apr 3rd High) RES 3: 0.7325 (200 day HMA) RES2: 0.7260 (May 11th high) RES1 :0.7225 (Support turned in to resistance) PRICE: 0.7177 @11:06 GMT SUP1: 0.7156 SUP 2:0.7115 (23rd...

NZD/USD recovers from intraday low, good to sell on rallies

May 12, 2015 09:15 am UTC| Technicals

RES4: 0.7497 (200 day HMA) RES3:0.7425 (23.6% retracement of 0.7740 and 0.7327) RES2: 0.7405 (55 day H EMA) RES 1: 0.7380 (Support turned into resistance) PRICE: 0.7366@09:11 GMT Sup1: 0.7315 SUP2: 0.7274 (Mar...

USD/SGD maintains bullish bias, bids cited at 1.3370-80

May 12, 2015 06:16 am UTC| Technicals

Risk aversion, bullish USD/JPY underpin Pair last at 1.3385-90, traded 1.3364-1.3401 Resistance at 1.3450 50% and 1.3520 61.8% Fibonacci...

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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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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

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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

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

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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

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....
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