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FxWirePro: USD/THB jumps above 32.00 mark, stay long

Mar 13, 2020 03:08 am UTC| Technicals

USD/THB is currently trading around 32.06 marks. It made intraday high at 32.10 and low at 31.66 marks. Intraday bias remains bullish till the time pair holds key support at 31.72 mark. On the top side, key...

FxWirePro: Singapore dollar falls drastically against U.S. dollar; hits lowest level since March 01, 2017

Mar 13, 2020 03:00 am UTC| Technicals

USD/SGD is currently trading around 1.4109 marks. It made intraday high at 1.4141 and low at 1.4066 levels. Intraday bias remains bullish for the moment. A daily close above 1.4102 will test key resistances...

FxWirePro: XAG/USD touches $15.41 mark in early Asia; hits lowest level since July 16, 2019

Mar 13, 2020 01:59 am UTC| Technicals

XAG/USD is currently trading around $15.48 marks. It made intraday high at $15.84 and low at $15.41 levels. Intraday bias remains bearish till the time pair holds key resistance at $15.99 mark. A daily close...

FxWirePro: South Korean won depreciates in early Asia after export – import price index data

Mar 13, 2020 01:39 am UTC| Technicals

EUR/KRW is currently trading around 1,368 mark. It made intraday high at 1,368 and low at 1,352 levels. Intraday bias remains bullish till the time pair holds key support at 1,336 mark. A sustained close...

GBP/AUD capped by the 50.0% Fibonacci, good to sell on rallies

Mar 12, 2020 18:37 pm UTC| Technicals

GBP/AUD ran into resistance on Thursdayat 2.0063 after ticking up from 1.9739. The pair dipped after Trump announced suspension of Europeans travel to US stunned investors. Currently, the 2.0063 (50 % fib) barrier...

FxWirePro: Norwegian Krone plunges to record lows as oil prices continue to slide

Mar 12, 2020 12:01 pm UTC| Technicals

The Norwegian Krone slumped to a fresh record low as oil prices fell again, adding to steep losses in the previous session. Oil prices declined after the U.S. banned travel from Europe following a declaration that the...

FxWirePro: S&P500 Weekly Outlook

Mar 12, 2020 11:56 am UTC| Technicals

Major trend line support- 2578 SP500 is trading weak for 3rd consecutive week and lost more than 20%. The index is in a bearish trend and major weakness can be seen only less than 2580. The overall trend is weak but...

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Economy

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...

U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data

U.S. stock futures moved higher on Sunday evening, signaling a cautiously optimistic start to the week after Wall Street staged a strong rebound at the end of last week. Investors remain on edge, however, as markets await...

Politics

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,...

Japan’s Prime Minister Sanae Takaichi Secures Historic Election Win, Shaking Markets and Regional Politics

Japans Prime Minister Sanae Takaichi has secured a historic landslide victory in a rare winter election, consolidating power and paving the way for major shifts in economic, fiscal, and security policy. Takaichis Liberal...

Sydney Braces for Pro-Palestine Protests During Israeli President Isaac Herzog’s Visit

Sydney is preparing for large-scale pro-Palestine protests as Israeli President Isaac Herzog visits Australia, prompting authorities to declare the trip a major event and deploy thousands of police across the city....

Anutin’s Bhumjaithai Party Wins Thai Election, Signals Shift Toward Political Stability

Thailands political landscape may be entering a more stable phase after Prime Minister Anutin Charnvirakuls Bhumjaithai Party secured a decisive victory in Sundays general election. Preliminary results from the Election...

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...