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FxWirePro: Chinese yuan trades marginally higher despite lower than expected trade balance data

May 08, 2019 07:20 am UTC| Technicals

USD/CNY is currently trading around 6.7722 marks. It made intraday high at 6.7754 and low at 6.7654 levels. Intraday bias remains slightly bearish for the moment. A sustained close above 6.7754 marks will...

FxWirePro: USD/INR hovers around 69.70 mark, sustained close above requires for upside rally

May 08, 2019 06:24 am UTC| Technicals

USD/INR is currently trading around 69.62 marks. It made intraday high at 69.70 and low at 69.53 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 69.75 mark. Key...

FxWirePro: EUR/NZD Trade Idea

May 08, 2019 06:08 am UTC| Technicals

EUR/NZD chart - Trading View Technical Analysis: Bias Bullish - The pair has hit 4-month highs above 1.71 handle before paring some gains - Price action has bounced off 20-DMA support and has broken above...

FxWirePro: NZD/JPY’s buzzing bears on inverse saucer and falling wedge patterns – Trade tunnel spreads and uphold short hedge

May 08, 2019 05:42 am UTC| Technicals

NZDJPYforms flurry of bearish patterns at the stiff resistance of 76.553 levels, consequently, bears drift through inverse saucer which is bearish in nature. Back-to-back shooting stars and gravestone doji have occurred...

FxWirePro: NZD/USD pares RBNZ-led losses on upbeat China trade data, bias bearish

May 08, 2019 05:17 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD slumps after the Reserve Bank of New Zealands (RBNZ) decision to cut rates by 25 basis points to a new record low of 1.5%. The pair hit a session low of 0.6525 the lowest...

FxWirePro: USD/TWD moves directionless, further sideways movement likely

May 08, 2019 04:32 am UTC| Technicals

USD/TWD is currently trading around 30.91 marks. It made intraday high at 30.96 and low at 30.91 marks. Intraday bias remains neutral till the time pair moves in stiff boundaries. A daily close above 30.94...

FxWirePro: Singapore dollar trades marginally higher in early Asia, bias remains bearish

May 08, 2019 04:12 am UTC| Technicals

USD/SGD is currently trading around 1.3608 marks. It made intraday high at 1.3635 and low at 1.3605 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.3550 mark. A...

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Economy

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering...

UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves

Starting salaries for permanent employees in the UK recorded their strongest increase in nearly a year and a half in January, signaling early signs of stabilization in the British labor market. According to the latest...

Australian Household Spending Dips in December as RBA Tightens Policy

Australian household spending declined in December as consumers eased back after heavy year-end sales activity, but solid sales volumes continued to highlight why the Reserve Bank of Australia (RBA) recently raised...

Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions

Global oil prices opened the week lower, sliding more than 1% on Monday as investor concerns over a potential conflict in the Middle East eased following diplomatic progress between the United States and Iran. The decline...

Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances

Indian refiners are increasingly avoiding purchases of Russian crude oil for delivery in April and potentially beyond, a strategic shift that could support New Delhis efforts to finalize a trade agreement with the United...

Politics

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Trump Administration Appeals Court Order to Release Hudson Tunnel Project Funding

The administration of U.S. President Donald Trump has filed an appeal challenging a federal court decision that ordered the Transportation Department to unfreeze funding for the $16 billion Hudson Tunnel Project, a major...

Trump Congratulates Japan’s First Female Prime Minister Sanae Takaichi After Historic Election Victory

U.S. President Donald Trump publicly congratulated Japanese Prime Minister Sanae Takaichi on Sunday following her coalitions decisive landslide victory in Japans lower house elections held over the weekend. The message,...

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

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

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...