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FxWirePro: AUD/JPY finds strong support at 20-DMA (83.50), weakness only on break below

Mar 14, 2018 07:00 am UTC| Technicals

AUD/JPY slips lower from fresh 3-week highs at 84.52 hit on Tuesdays trade. Downside has held strong support at 20-DMA (currently at 83.50) and we see weakness only on break below. The antipodeans are buoyed from...

FxWirePro: EUR/JPY trades in narrow range below 38.2% Fib, focus on Draghi’s speech for further impetus

Mar 14, 2018 06:37 am UTC| Technicals

EUR/JPY trades in narrow range, capped below 38.2% Fibo at 132.46. The major is hovering around 132 handle, intraday bias remains neutral. Markets await ECB President Draghis speech at the ECB conference hosted...

FxWirePro: USD/ZAR exhibits range bound movement, bias remains neutral

Mar 14, 2018 06:35 am UTC| Technicals

USD/ZAR is currently trading around 11.77 levels. It made intraday high at 11.81 and low at 11.76 levels. Intraday bias remains neutral for the moment. A daily close above 11.92 will take the parity...

FxWirePro: GBP/JPY bears breach below wedge support, hammer counters to bounce above 21-DMA - Trade one-touch call but short hedge

Mar 14, 2018 06:28 am UTC| Technicals

GBPJPY interim rallies attempt to spike above 7-DMAs, but that is where the stiff resistance is observed at 149.399 150.420 levels. The frequent occurrence of shooting stars plummets prices well below 7DMAs, on the...

FxWirePro: USD/JPY struggles at 20-DMA (106.57), decisive break above required for further upside

Mar 14, 2018 06:19 am UTC| Technicals

USD/JPY fails to hold gains above 20-DMA, slips lower from session highs at 107.29. The pair retreated from highs after US inflation data disappointed bulls. US headline CPI came in at a m/m increase of 0.2% in...

FxWirePro: Gold trades higher on US trade war fear, good to buy on dips

Mar 14, 2018 06:16 am UTC| Technicals

Gold has shown a massive recovery after hitting low of $1313.99 yesterday after US CPI data. The yellow metal hits high of $1329.90 at the time of writing. DXY has shown a 55 pips decline from the yesterdays high of 90.11...

FxWirePro: NZD/USD holds above daily cloud, bias higher, stay long

Mar 14, 2018 05:49 am UTC| Technicals

NZD/USD is extending gains above daily cloud, is trading 0.14% higher on the day. Upside seems to find minor resistance at 0.7354 levels, price has retreated from highs and is currently trading at 0.7335...

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Economy

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

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Politics

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TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans

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Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies

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Science

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

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Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

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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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

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Technology

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....

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...
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