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FxWirePro: NZD/USD slips below 55-DMA on weak China data, dip till 100-DMA likely

Mar 05, 2019 05:26 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD trades at 0.6794 at 0455 GMT, down 0.33% at the time of writing. The pair has slipped below 55-EMA and technical indicators support further weakness. Negative news out...

FxWirePro: AUD/USD depressed below 0.71 handle post-RBA, dismal China PMI data weighs

Mar 05, 2019 04:19 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD is trading 0.27% lower on the day at 0.7072 at 0400 GMT. The major fell sharply on big miss in China PMI data, and failed to pick up bids post RBA. Data released earlier...

FxWirePro: USD/SGD trades in narrow range, further sideways movement likely

Mar 05, 2019 04:01 am UTC| Technicals

USD/SGD is currently trading around 1.3551 marks. It made intraday high at 1.3557 and low at 1.3544 levels. Intraday bias remains neutral till the time pair holds key support at 1.3552 mark. A daily close...

FxWirePro: Nikkei trades lower tracking US market, good to buy on dips

Mar 05, 2019 03:41 am UTC| Technicals

Asian marketsare trading lower especially Chinas Shanghai has lost nearly 2.5% from high of 3090 after China cuts growth forecast to 6% to 6.5% from 6.5% and cuts 3% points to the value added tax to benefit manufacturing...

FxWirePro: USD/THB hits fresh 2-month high at 31.92 mark, stay bullish

Mar 05, 2019 02:49 am UTC| Technicals

USD/THB is currently trading around 31.90 marks. It made intraday high at 31.92 and low at 31.84 marks. Intraday bias remains bullish for the moment. On the top side, key resistances are seen at 31.93,...

FxWirePro: Aussie remains almost unchaged after current account data, RBA’s cash rate decision in focus

Mar 05, 2019 02:11 am UTC| Technicals

AUD/NZD is currently trading around 1.0389 marks. Pair made intraday high at 1.0404 and low at 1.0379 marks. Intraday bias remains neutral till the time pair holds key support around 1.0368 mark. A sustained...

FxWirePro: South Korean won rises gradually against euro after CPI, GDP data

Mar 05, 2019 01:53 am UTC| Technicals

EUR/KRW is currently trading around 1,274 mark. It made intraday high at 1,279 and low at 1,274 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 1,282 mark. A...

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Economy

India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out

India and the United States have taken a significant step toward strengthening bilateral trade ties with the release of an interim trade framework that includes major tariff reductions on high-end American automobiles and...

Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality

Donald Trump has positioned himself as the Republican Partys chief voice on the cost of living during a pivotal election year, but a Reuters review of his recent speeches shows a growing disconnect between his rhetoric and...

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

South Africa is keen to make use of potential new European Central Bank (ECB) repo liquidity lines, according to central bank governor Lesetja Kganyago, as the country continues to navigate easing inflation and a gradual...

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

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...

Politics

US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks

The United States is pressing Ukraine and Russia to reach an agreement to end the war before the start of summer, Ukrainian President Volodymyr Zelenskiy said following two days of U.S.-brokered talks held in Abu Dhabi....

Netanyahu to Meet Trump in Washington as Iran Nuclear Talks Intensify

Israeli Prime Minister Benjamin Netanyahu is expected to meet U.S. President Donald Trump in Washington on Wednesday, with Irans nuclear program and regional security topping the agenda. The meeting comes amid renewed...

Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape

U.S. President Donald Trump has publicly endorsed a proposed merger between Nexstar Media Group and Tegna, signaling renewed political attention on the future of local television broadcasting. In a post shared Saturday on...

Japan Election 2026: Sanae Takaichi Poised for Landslide Win Despite Record Snowfall

Japanese voters headed to the polls on Sunday in a rare winter election that could deliver Prime Minister Sanae Takaichi a commanding mandate, even as record snowfall threatened to suppress turnout in parts of the country....

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

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

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

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....