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FxWirePro: BTC/EUR edges higher from 4-week lows at 5500, break below daily cloud to see further weakness

Aug 08, 2018 10:24 am UTC| Digital Currency Technicals

BTC/EUR edges higher from 4-week lows at 5500, trades at 5614 at the time of writing. The pair fails at 200-DMA, extends downside after bearish divergence on Stochs. Downside finds strong support at daily cloud...

FxWirePro: Prefer to go long on XAG/USD around $15.35 with stop loss at $15.28 and target of $15.52

Aug 08, 2018 08:40 am UTC| Technicals

XAG/USD is currently trading around $15.36 marks. It made intraday high at $15.44 and low at $15.32 levels. Intraday bias remains bullish till the time pair holds key support at $15.22 mark. A daily close...

FxWirePro: ETH/EUR breaks below 88.6% Fib, hits 4-month lows at 315.55, bias lower

Aug 08, 2018 07:49 am UTC| Digital Currency Technicals

ETH/EUR extends weakness below 88.6% Fib, hits new 4-month lows at 315.55, bias bearish. SECs decision to postpone approval for listing of the Cboe VanEck/SolidX exchange-traded fund (ETF) backed by Bitcoin (BTC) to...

GBP/JPY: Trendline support and Bullish divergence

Aug 08, 2018 07:35 am UTC| Technicals

Major support - 143.35 (trend line support) Chart Pattern- Bullish Divergence (CCI (50) in 8 hours chart) GBP/JPY is continuing its weakness and lost more than 50 pips from the high of 144.28. The pair has lost more...

FxWirePro: USD/ZAR trades in narrow range, faces strong resistance at 13.53 mark

Aug 08, 2018 07:12 am UTC| Technicals

USD/ZAR is currently trading around 13.32 levels. It made intraday high at 13.34 and low at 13.27 levels. Intraday bias remains neutral till the time pair holds key resistance at 13.50 marks. A daily...

FxWirePro: Chinese yuan trades marginally higher after trade balance data, PBOC sets yuan mid-point at 6.8313

Aug 08, 2018 07:01 am UTC| Technicals

USD/CNY is currently trading around 6.8204 marks. It made intraday high at 6.8310 and low at 6.7997 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.8310 mark. A...

FxWirePro: EUR/CHF retraces into daily cloud, eyes 50-DMA at 1.1580

Aug 08, 2018 06:56 am UTC| Technicals

EUR/CHF struggles to extend weakness below 61.8% Fib, edges higher for the 3rd straight session. The pair has managed to break stiff resistance at nearly converged 5-DMA and daily cloud. Technical indicators on...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

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Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

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New York Legalizes Medical Aid in Dying for Terminally Ill Patients

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Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

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China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

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Trump Allows Commercial Fishing in Protected New England Waters

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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

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

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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

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...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....
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