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FxWirePro: EUR/JPY extends gains for the 4th straight session, eyes 38.2% Fib at 129.54, stay long

Jun 04, 2018 11:00 am UTC| Technicals

EUR/JPY is extending gains above 128 handle, up for the 4th straight session. The major has broken above 23.6% Fib and is on track to test 38.2% Fib at 129.54. Technical indicators are turning bullish. Stochs and...

FxWirePro: EUR/CAD trades narrow range above 5-DMA, break above 1.5211 to see further upside

Jun 04, 2018 10:21 am UTC| Technicals

EUR/CAD has edged higher from 4-month lows at 1.4917, trades around 1.5149 at the time of writing. We evidence a Doji formation at lows which raises scope for further upside. Price action holds above 5-DMA and...

FxWirePro: GBP/JPY breaches below channel supports but dragonfly doji spikes off rallies on manufacturing PMIs – Speculate rallies via one-touch calls

Jun 04, 2018 10:07 am UTC| Technicals

Weve recently noted that the UK Manufacturing and construction PMIs rose to 54.4 and 52.5 levels respectively in May 2018 from the previous months 17-month low of 53.9 of manufacturing PMI, and well above market...

FxWirePro: AUD/NZD fails to close below 110-EMA, stay long on breakout at 200-DMA (1.0883)

Jun 04, 2018 09:38 am UTC| Technicals

AUD/NZD edges higher for a 2nd straight session, gains 0.47% on the day, bias higher. The pair has bounced off at 110-EMA support, has failed to close below. Aussie boosted by upbeat Australia retails sales data...

FxWirePro: GBP/JPY Daily Outlook

Jun 04, 2018 08:53 am UTC| Technicals

GBP/JPY has shown a massive recovery of almost more than 300 pips from the low of 143.19 made previous week. The pairs jump was mainly due to easing political uncertainty in Italy as of now. GBP was trading higher and has...

FxWirePro: XAG/USD hovers around $16.40 mark, faces immediate resistance at $16.42 mark

Jun 04, 2018 08:38 am UTC| Technicals

XAG/USD is currently trading around $16.40 marks. It made intraday high at $16.42 and low at $16.27 levels. Intraday bias remains neutral till the time pair holds key resistance at $16.42 mark. A daily close...

FxWirePro: Gold trades lower on rising US 10-year yield, good to sell on rallies

Jun 04, 2018 07:50 am UTC| Technicals

Gold prices has once again declined sharply after showing a minor jump above $1300. US economy has added 223k jobs in the month of May compared to forecast of 189k and unemployment rate dropped to 18- year low at 3.8%. US...

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Economy

India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out

India and the United States have taken a significant step toward strengthening bilateral trade ties with the release of an interim trade framework that includes major tariff reductions on high-end American automobiles and...

Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality

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South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

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Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

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China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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Politics

Jack Lang Resigns as Head of Arab World Institute Amid Epstein Controversy

Jack Lang, a prominent French political figure and former culture minister under President François Mitterrand, has stepped down from his role as president of the Arab World Institute in Paris following mounting...

US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks

The United States is pressing Ukraine and Russia to reach an agreement to end the war before the start of summer, Ukrainian President Volodymyr Zelenskiy said following two days of U.S.-brokered talks held in Abu Dhabi....

Netanyahu to Meet Trump in Washington as Iran Nuclear Talks Intensify

Israeli Prime Minister Benjamin Netanyahu is expected to meet U.S. President Donald Trump in Washington on Wednesday, with Irans nuclear program and regional security topping the agenda. The meeting comes amid renewed...

Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape

U.S. President Donald Trump has publicly endorsed a proposed merger between Nexstar Media Group and Tegna, signaling renewed political attention on the future of local television broadcasting. In a post shared Saturday on...

Japan Election 2026: Sanae Takaichi Poised for Landslide Win Despite Record Snowfall

Japanese voters headed to the polls on Sunday in a rare winter election that could deliver Prime Minister Sanae Takaichi a commanding mandate, even as record snowfall threatened to suppress turnout in parts of the country....

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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