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GBP/USD aims 1.50 after UK retail sales beat

Mar 26, 2015 09:55 am UTC| Technicals

Cable climbs to aim 1.50after UK retail sales data beat Feb retail sales +0.8% vs +0.4% consensus. Jan retail sales revised upwards 0.4% Offers seen at 1.50, stops tipped above figure. 1.5008 was Mar 19 high 1.4972...

USD/JPY remains bearish

Mar 26, 2015 08:43 am UTC| Technicals

Intra-day bears looking for hourly close sub 118.61, bids seen at 118.00, 118.20 118.40 Spots correlation with 5year UST/JGB yield spread 30-day +0.69 Decline triggered by position adjustments in spot and...

GBP/USD eyes resistance at 1.4955

Mar 26, 2015 08:39 am UTC| Technicals

Pair boosted byUSD selling amid Yemen focus Resistance seen at 1.4955 (Weds high) 1.4984/90. 1.4873-1.4897 = Asia range UK Feb ONS retail sales due 0930GMT.+0.4% consensus to follow -0.3% in...

EUR/USD eying test of 1.1000

Mar 26, 2015 07:58 am UTC| Technicals

Pair seen easing above 1.1000 making short work of apparently heavy offers Momentum suggests bullish trend, favoring further squeeze on shorts Stops located above 1.1040 1.1060. Shorts into 1.1050-1.11...

USD/JPY seen sub 119.22-23 lows, 119.00 to 118.85

Mar 26, 2015 07:24 am UTC| Technicals

Stops tripped sub-119.20 and 119.00 on way Likely to trigger below 118.85 100-DMA Some Japanese buying on way down but long liquidation flows sizeable Nikkei closes down 275.08 pts, 1.39% at 19,471.12, range...

USD/JPY breaks major support 119, decline till 118 is expected

Mar 26, 2015 06:52 am UTC| Technicals

RES 4: 121.50 RES 3: 120 RES 2: 119.70) RES 1: 119.40 (20 day ) PRICE: 118.78 @ 6:44 GMT SUP 1: 119.25 SUP 2: 118.69 SUP 3: 118 SUP 4: 116.86 COMMENTARY: USD/JPY has broken major support 119 and confirms...

USD/KRW continues its bounce back from 1100

Mar 26, 2015 05:57 am UTC| Technicals

Pair, after hitting 1100, now back to 1108 Strong bounce seen in JPY/KRW - 9.21 open to 9.30 last - up 1.0% As per dealers view, movement is based on official USD buying activity 2nd biggest loser was Kospi ...

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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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Politics

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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

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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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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

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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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