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FxWirePro: EUR/JPY rejected at 128 handle, slips lower to hover around 5-DMA, bias bearish

Jun 22, 2018 06:04 am UTC| Technicals

EUR/JPY has retraced from session highs at 128, hovers at 127.90 at the time of writing. The pair is recovering from lows of 126.64 (June 19), but remains below 21-EMA, bias lower. Successive spinning top...

FxWirePro: NZD/USD consolidation phase transforms into Triple Top pattern, major bearish trend resumes but hammer counters with minor rallies

Jun 22, 2018 06:03 am UTC| Technicals

On daily plotting of NZDUSD, bulls bounce-back with hammer pattern candle at 0.6864 levels, we can observe steep slumps below DMAs soon after streaks of bearish patterns, such as hanging man, back-to-back shooting stars...

FxWirePro: USD/TWD remains well supported above 30.00 mark, Taiwan’s jobless rate in focus

Jun 22, 2018 05:18 am UTC| Technicals

USD/TWD is currently trading around 30.30 marks. It made intraday high at 30.37 and low at 30.29 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 30.38 mark. A daily...

FxWirePro: GBP/AUD struggles at 100-DMA, further upside only on close above

Jun 22, 2018 04:18 am UTC| Technicals

GBP/AUD struggles to extend gains above 100-DMA. We see further upside only on break above. The pair is trading in a narrow range with a days high at 1.7963 and a low of 1.7931. Technical studies are biased...

FxWirePro: USD/JPY recovery lacks traction, trades rangebound below 200-DMA

Jun 22, 2018 04:04 am UTC| Technicals

The Greenback has paused downside against the yen as rumors of US-China trade talks support. Reuters quoted as saying some senior White House Officials are trying to restart talks with Beijing before the US tariffs on...

FxWirePro: USD/THB hovers around key resistance at 32.90 mark, stay bearish only below 32.80 mark

Jun 22, 2018 03:35 am UTC| Technicals

USD/THB is currently trading around 32.91 marks. It made intraday high at 32.94 and low at 32.87 marks. Intraday bias remains bullish till the time pair holds key support at 32.80 mark. On the top side, key...

FxWirePro: USD/SGD trades in narrow range, sustained close above 1.3587 requires for upside rally

Jun 22, 2018 03:19 am UTC| Technicals

USD/SGD is currently trading around 1.3583 marks. It made intraday high at 1.3594 and low at 1.3582 levels. Intraday bias remains neutral for the moment. A daily close above 1.3587 will test key resistances...

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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

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

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U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

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Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

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Politics

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

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

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

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

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

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

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

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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