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FxWirePro: Major pair levels and bias summary

Mar 12, 2020 11:49 am UTC| Technicals

Major pair levels and bias...

FxWirePro: USDCAD holds above 1.3800 level, jump till 1.400 likely

Mar 12, 2020 11:43 am UTC| Technicals

USDCAD hits fresh 34-month high at 1.38245 and is currently trading around 1.38126. The decline in crude oil prices due to price war and coronavirus is putting pressure on the Canadian dollar. WTI crude lost more than 15%...

FxWirePro: USD/DKK breaks above 7-EMA, jump till 6.6627 likely

Mar 12, 2020 10:53 am UTC| Technicals

The Danish Krone declined, extending losses for the third straight session and hovering further away from an over 1-year peak recorded earlier in the week. USD/DKK is trading 0.4 percent up at 6.6544, having hit low...

FxWirePro: EUR/GBP hovers towards 5-month peak, good to buy on dips 

Mar 12, 2020 09:58 am UTC| Technicals

The euro rallied, hovering towards a 5-month peak against the British pound as investors digested Bank of Englands emergency rate cut. BoE cut interest rates by 50 basis points to 0.25 percent, in its first emergency...

FxWirePro: Buy USDCHF above 0.9400

Mar 12, 2020 09:39 am UTC| Technicals

Ichimoku Analysis (Weekly chart) Tenken-Sen- 0.95850 Kijun-Sen- 0.96729 USDCHF is trading weak for the past 4-weeks and lost more than 650 pips from the temporary top at 0.9845. The pair hits a low of 0.91823 and...

FxWirePro: Euro trades marginally lower against major peers ahead of ECB’s main refinancing rate decision

Mar 12, 2020 09:36 am UTC| Technicals

EUR/INR is currently trading around 83.53 mark. It made intraday high at 84.14 and low at 83.41 mark. Intraday bias remains slightly bearish for the moment. A daily close above 85.21 will drag the parity up...

FxWirePro: AUD/USD slumps as Trump's travel ban on Europe stokes global growth fears 

Mar 12, 2020 08:59 am UTC| Technicals

The Australian dollar declined, extending losses for the fourth straight session, as risk sentiment weakened after President Donald Trump disappointed markets with a coronavirus plan light on details. On Wednesday,...

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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...
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