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FxWirePro: EUR/GBP rejected at major trendline resistance at 0.8910, slips below 200-DMA

Feb 08, 2018 07:41 am UTC| Technicals

EUR/GBP failed to break past major trendline resistance at 0.8910, extends retrace for 2nd consecutive session. The pair has slipped below 200-DMA and daily cloud and is currently hovering around 23.6% Fib at...

FxWirePro: USD/CHF faces strong resistance at 23.6% fibo, good to buy on dips

Feb 08, 2018 06:59 am UTC| Technicals

USD/CHF has jumped almost more than 100 pips yesterday. The pair hits high of 0.94536 and is currently trading around 0.94496. Technically in the daily chart, the pair is trading well above 10- day MA. The near term...

FxWirePro: XAG/USD hits fresh 2-month low at $16.23 mark, sustained close below requires for downside rally

Feb 08, 2018 06:49 am UTC| Technicals

XAG/USD is currently trading around $16.29 marks. It made intraday high at $16.39 and low at $16.23 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.40 mark. A...

FxWirePro: Gold forms bullish bat pattern, good to buy on dips

Feb 08, 2018 06:31 am UTC| Technicals

Harmonic pattern - Bullish Bat pattern. Gold has been continuing its bearish trend for the past two days. The yellow metal declined almost more than $30. It hits low of $1309 at the time of writing. It is current...

FxWirePro: AUD/JPY struggles at 'Triangle Base' at 85.50, further downside only on break below

Feb 08, 2018 06:18 am UTC| Technicals

AUD/JPY finds strong support at Triangle Base at 85.50, the pair is struggling to break below. Price action on the day has retraced brief dip below 85.50 and is currently at 85.83 levels. Wall Streets recovery...

FxWirePro: USD/INR hovers around key support at 64.22 mark, sustained close below targets 63.90 mark

Feb 08, 2018 05:58 am UTC| Technicals

USD/INR is currently trading around 64.23 marks. It made intraday high at 64.41 and low at 64.18 marks. Intraday bias remains bearish till the time pair holds key resistance 64.48 mark. Key resistances are...

FxWirePro: DAX30 Daily Outlook

Feb 08, 2018 05:41 am UTC| Technicals

DAX index has shown a recovery of almost more than 500 points from the temporary low of 12076. SP500 declined almost 60 points from the high of 2725 and closed at 2668. But SP futures is continuing its down trend and is at...

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Economy

Japan Exports Surge for Seventh Month as AI Demand Offsets Middle East Trade Disruptions

Japans exports extended their growth streak for a seventh consecutive month in March, driven largely by strong global demand linked to artificial intelligence (AI) and data center expansion. According to government data,...

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Oil prices edged lower during volatile Asian trading on Wednesday as U.S. President Donald Trump announced an indefinite extension of the ceasefire with Iran. While the move raised hopes for continued peace talks, ongoing...

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Sharif Welcomes Trump’s Ceasefire Extension in U.S.-Israel-Iran Conflict

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Argentina’s Milei Pushes Electoral Reform to End Mandatory Primaries

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Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

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NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

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SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal

LG Innotek shares surged to an all-time high on Wednesday, fueled by strong investor confidence following the companys latest automotive supply agreement with a European partner. The Seoul-listed stock (KS:011070) climbed...

Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges

Samsung Electronics Co Ltd (KS:005930) has significantly increased its monthly DRAM shipments to Tesla Inc (NASDAQ:TSLA), reflecting the growing demand for advanced memory solutions in electric vehicles and artificial...

SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO

Elon Musks SpaceX has announced plans to collaborate with AI coding startup Cursor, with the option to acquire the company later this year in a deal valued at $60 billion. The aerospace giant also revealed an alternative...

Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting

Florida Attorney General James Uthmeier announced that the state has launched a criminal investigation into OpenAI and its AI chatbot, ChatGPT, following a deadly shooting at Florida State University last year. The...

SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows

SpaceX President and Chief Operating Officer Gwynne Shotwell earned $85.8 million in total compensation last year, according to details from the companys S-1 filing, positioning her among the highest-paid executives in the...
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