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GBP/USD capped by heavy resistance

Feb 24, 2015 10:39 am UTC| Technicals

Pair sees solid resistance which is capping bulls at 1.5481 1.5481 - 23.6% retrace of the 1.7192 to 1.4952 July to Jan fall Ichimoku Cloud is just above at 1.5490 adding continuous supply Chances that...

NZD/USD awaits Fonterra news

Feb 24, 2015 10:36 am UTC| Technicals

NZ rate after NZ inflation expectations ease RBNZ survey fuels NZD/USD slide to 8-day low of 0.7435 0.7535 = Asia high (pre-survey). 0.7487-0.7548 = Mondays range NZHerald-Mood likely to be brighter...

EUR/USD tracks stop lowered to 1.1350

Feb 24, 2015 10:34 am UTC| Technicals

Traders remain short at 1.1425 for losses to 1.1270 Traders lowered stop to 1.1350 to make profits Tenkan kijun lines are aligned negatively, showing negative market bias Chikou-span stays below ...

USD/ZAR eased slightly after Q4 growth data

Feb 24, 2015 10:20 am UTC| Technicals

Better than expected Q4 GDP, 1.3% q/q just below Q3 1.4% pace Annual growth of 4.1% vs 1.4% Q3 USD/ZAR fell to 11.6380 after the data but bids soon appeared Leverage names still buying dollars and...

USD/JPY sets new highs ahead Yellen

Feb 24, 2015 10:01 am UTC| Technicals

USD/JPY breaks recent highs as pre-Yellen flows reflect wide bid for dollars EUR/JPY stops reached above 100-HMA 135.18 More influential 200-HMA 135.29 USD/JPY offers seen 119.80-90 Larger supply...

USD/CAD overstated by lower oil

Feb 24, 2015 09:47 am UTC| Technicals

CADpressured by lower oil prices, WTI just under USD 49/barrel WTI temporarily rose to USD 50.50 Monday on Nigeria/OPECtip The lower theoil price, the greater the riskof another BoC rate cut Mar...

EUR/GBP slide continues, major levels below

Feb 24, 2015 08:50 am UTC| Technicals

The 10 and 30-dmas are aligned negatively, reinforcing the bearish bias Market hits new multi-year lows Focus is on the 0.7256 level - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders stay short at...

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Economy

U.S. Dollar Edges Higher as Markets Await Jobs Data and Supreme Court Tariff Ruling

The U.S. dollar traded modestly higher on Friday, though overall foreign exchange market activity remained subdued as investors awaited two major catalysts: the release of the closely watched U.S. nonfarm payrolls report...

EU Set to Approve Historic Mercosur Trade Deal Amid Farmer Protests

European Union nations are expected to approve the signing of the blocs largest-ever free trade agreement with the South American Mercosur group, marking a major milestone more than 25 years after negotiations began. The...

Japan Proposes Tougher Foreign Investment Rules to Protect Economic Security

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India-US Trade Deal Stalled as Modi-Trump Call Never Happened, Says US Commerce Secretary

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Gold Prices Steady in Asia as Investors Await U.S. Jobs Data, Geopolitical Tensions Support Weekly Gains

Gold prices were largely unchanged during Asian trading on Friday as investors remained cautious ahead of the highly anticipated U.S. jobs data, while ongoing geopolitical tensions continued to underpin bullions strength...

Politics

Honduran Opposition Lawmaker Injured Amid Post-Election Tensions

Honduras political crisis deepened on Thursday after opposition lawmaker Gladis Aurora Lopez was injured when an explosive device was thrown near her inside the National Congress, according to a statement from her...

U.S. Weighs Direct Payments to Greenlanders Amid Renewed Push to Acquire Strategic Arctic Island

U.S. officials have reportedly discussed the possibility of offering lump-sum payments to residents of Greenland as part of a controversial effort to encourage the island to break away from Denmark and potentially align...

Trump Signals Willingness to Let New START Treaty Expire, Raising Global Nuclear Arms Concerns

U.S. President Donald Trump has indicated he is prepared to allow the last remaining U.S.-Russia strategic arms control treaty, known as New START, to expire without accepting a Russian proposal to voluntarily extend...

Canada and Brazil Call for Peaceful Venezuelan Transition After U.S. Military Raid

Canadian Prime Minister Mark Carney and Brazilian President Luiz Inácio Lula da Silva held talks on Thursday to discuss the escalating situation in Venezuela, reaffirming their shared support for a peaceful,...

Trump Says Taiwan Decision Is “Up to Xi,” Warns Against Changing Status Quo

U.S. President Donald Trump said it is ultimately Chinese President Xi Jinpings decision how China handles Taiwan, but warned he would be very unhappy if Beijing moved to change the current status quo. The remarks were...

Science

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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Technology

xAI Cash Burn Highlights the High Cost of Competing in Generative AI

Elon Musks artificial intelligence startup, xAI, is rapidly emerging as a major player in the generative AI race, but new reports highlight the enormous financial costs behind that ambition. According to Bloomberg News,...

Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer

Nvidia (NASDAQ: NVDA) has taken a significant step in strengthening its leadership team by appointing a senior Google (NASDAQ: GOOGL) executive as its first-ever Chief Marketing Officer, signaling a strategic move as the...

EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content

The European Commission has ordered Elon Musks social media platform X, formerly known as Twitter, to retain all internal documents and data related to its built-in artificial intelligence chatbot, Grok, until the end of...

SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally

Shares of South Korean memory chip giant SK Hynix surged to a fresh all-time high on Thursday, reflecting growing investor optimism around booming demand for artificial intelligence (AI) memory products and a strengthening...

OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook

OpenAI has reportedly established a massive $50 billion employee stock grant pool, a move that underscores the companys aggressive strategy to attract, retain, and reward top talent as it continues to scale its artificial...
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