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FxWirePro: USD/TWD moves in rigid boundaries, Taiwan’s industrial production data in focus

Jul 23, 2019 03:04 am UTC| Technicals

USD/TWD is currently trading around 31.07 marks. It made intraday high at 31.07 and low at 30.98 marks. Intraday bias remains neutral for the moment. A daily close above 31.18 will drag the parity up towards...

FxWirePro: USD/SGD breaks key resistance at 1.3622 mark, Singapore’s CPI data in focus

Jul 23, 2019 01:41 am UTC| Technicals

USD/SGD is currently trading around 1.3622 marks. It made intraday high at 1.3626 and low at 1.3603 levels. Intraday bias remains bullish till the time pai holds key support at 1.3590 mark. A daily close...

FxWirePro: EUR/KRW moves in stiff boundaries, upside limited

Jul 23, 2019 01:05 am UTC| Technicals

EUR/KRW is currently trading around 1,318 mark. It made intraday high at 1,319 and low at 1,317 levels. Intraday bias remains neutral till the time pair moves in stiff boundaries from 1,308 to 1,328 mark. A...

Crypto Technicals: XTZ/USD struggles at 50-DMA, major trend is bearish

Jul 22, 2019 13:57 pm UTC| Digital Currency Technicals

XTZ/USD chart - Trading View Exchange - Kraken Technical Analysis: Bias Bearish Support: 1.0598 (21-EMA), 1.0361 (5-DMA), 0.9342 (61.8% Fib) Resistance: 1.1445 (50-DMA), 1.2230 (cloud base), 1.3183 (38.2%...

FxWirePro: USDCHF hovers near 3-week low, any break below 0.9800 confirms further weakness

Jul 22, 2019 13:10 pm UTC| Technicals

Major resistance 0.9800 USDCHF is consolidating after hitting low of 0.98057 on Jul 18th, 2019. It is trading between 0.98473 and 0.98057 for the past three trading days. The Swiss franc is trading higher from Jul...

Crypto Technicals: IOT/USD recovery fails shy of 200-DMA, resumption of downside likely

Jul 22, 2019 11:46 am UTC| Digital Currency Technicals

IOT/USD chart - Trading View Exchange - Bitfinex Technical Analysis: Bias Bearish Support: 0.2741 (May 8 low), 0.2715 (88.6% Fib), 0.2565 (trendline) Resistance: 0.3386 (200-DMA), 0.3571 (61.8% Fib), 0.3719...

Digital Currency Revolution Series: Overbought momentum causes bitcoin rallies and restrained below $10.5k

Jul 22, 2019 11:15 am UTC| Research & Analysis Digital Currency Technicals Insights & Views

Bitcoin spiked higher in July but struggling for the momentum, surged from $9,049 to the recent highs of $13,200 levels. While bears plummet below 7 21-DMAs, consequently, the pair slid below $10.5k. Both leading...

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Economy

Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens

A major Australian pension fund is ramping up its currency hedging strategy as expectations grow that the Australian dollar is undervalued and poised to strengthen further. HESTA, one of Australias largest superannuation...

Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market

Lee Seung-heon, a leading candidate to become the next governor of the Bank of Korea (BOK), has voiced support for raising property ownership taxes as a way to curb surging home prices, while warning that a shift toward...

Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk

Most Asian currencies traded within a narrow range on Monday, reflecting cautious sentiment as investors awaited key economic data from the United States and China. The Japanese yen edged slightly higher after Japans...

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering...

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...

Politics

China Overturns Death Sentence of Canadian Robert Schellenberg, Signaling Thaw in Canada-China Relations

Chinas top court has overturned the death sentence of Canadian national Robert Schellenberg, a major development in a long-running drug smuggling case that has strained diplomatic relations between Canada and China for...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Science

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...

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...

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...