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FxWirePro:US oil forms Adam and Adam double top pattern, break below $55 confirms major bearishness

Mar 06, 2019 13:19 pm UTC| Technicals

Chart pattern: Adam and Adam Double top pattern US oil has formed almost a double top around $57.80 and shown a good selling from that level. It hits low of $55.55 and shown a minor recovery from that level. It is...

FxWirePro:CADJPY trades lower for 4th consecutive day on weak Canadian dollar, markets eye BOC

Mar 06, 2019 11:51 am UTC| Technicals

CADJPY has lost more than 150 pips in past three trading session after forming a temporary top around 85.23. The decline in price was mainly due to heavy selling in Canadian dollar due to weak economic data and declining...

FxWirePro: GBP/JPY trade idea

Mar 06, 2019 11:07 am UTC| Technicals

GBPJPY is trading weak for third consecutive day and lost nearly 200 pips from the high of 148.57 on account of Brexit uncertainty. GBP was trading lower against all major especially with USD and lost more than 250 pips...

FxWirePro: EUR/AUD breaks above daily cloud, hits 8-week highs at 1.6093, bias higher

Mar 06, 2019 10:49 am UTC| Technicals

EUR/AUD chart - Trading View EUR/AUD has shown a breakout at daily daily cloud, intraday bias bullish. AUD weakness across the board after poor GDP data and dovish comments from RBAs Lowe support gains. The...

FxWirePro: WTI crude bears resume at stiff resistance, 3-black crow still imminent - Uphold directional hedge ahead of US EIA’s inventory check

Mar 06, 2019 10:46 am UTC| Research & Analysis Technicals

WTI crude oils bullishprice sentiments are somewhat exhausted after a strong rise through most of February.As a result, WTI CFDs has spiked about 6.02%. But for now, ahead of the US EIAs inventory reports, WTI crude...

FxWirePro: USDCHF jumps sharply on broad based US dollar buying, jump till 1.010 possible

Mar 06, 2019 10:11 am UTC| Technicals

Major Resistance - 1.010 USDCHF has broken major resistance 1.0020 after a long consolidation.The pair was consolidating in narrow range between 1.0020 and 0.9980 for past three trading day.Swiss franc gained...

FxWirePro: EURUSD trades above 1.1300 level, markets eye US ADP data

Mar 06, 2019 09:17 am UTC| Technicals

EURUSD pared minor gains made yesterday after release of better than expected US ISM non manufacturing data.US ISM non manufacturing data came at 59.7 in Feb compared to estimate of 57.3 The pair declined nearly 50 pips...

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Economy

Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict

Rising fuel prices linked to the Iran conflict are accelerating demand for both new and used electric vehicles (EVs) across Europe, according to industry data shared with Reuters. While automakers are benefiting from...

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Politics

Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict?

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Trump-Iran Interim Agreement Extends Ceasefire as G7 Leaders Welcome Path to Peace

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Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

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Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

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Technology

Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race

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SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples

SK Hynix Inc. saw its shares surge to an all-time high on Thursday after announcing the shipment of samples of its latest high-bandwidth memory (HBM) product, reinforcing its position as a leading supplier in the rapidly...

Apple Signals Product Price Hikes Amid Rising Memory Chip Costs

Apple may soon increase prices across some of its products as rising memory and storage chip costs continue to pressure the consumer electronics industry. In an interview with The Wall Street Journal, Apple CEO Tim Cook...

Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation

Chinese social media platform Xiaohongshu, internationally known as RedNote, is reportedly preparing for a Hong Kong initial public offering (IPO) that could value the company at more than $70 billion. According to a Wall...

Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity

Samsung Electronics is attracting growing attention from major global technology companies as demand for advanced semiconductor manufacturing continues to exceed available capacity at Taiwan Semiconductor Manufacturing Co....
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