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FxWirePro: EUR/GBP breaks below 5-DMA, eyes channel base at 0.8675, stay short

Apr 03, 2018 10:19 am UTC| Technicals

EUR/GBP extends weakness below 5-DMA, trades 0.09% lower on the day. Mixed releases of the Euro area final manufacturing PMI reports earlier today weighed down on the EUR. Technical studies are biased lower and...

FxWirePro: USD/CAD forms double top around 1.2940, good to sell on rallies

Apr 03, 2018 09:53 am UTC| Technicals

USD/CAD has declined once again yesterday after showing a minor jump above 1.29400. The pair hits high of 1.29434 yesterday. The minor dip was due to slight weaker than expected US ISM manufacturing data. US ISM...

FxWirePro: NZD/CHF struggles at 200-DMA at 0.6931, good to go long on break above

Apr 03, 2018 09:31 am UTC| Technicals

NZD/CHF capped at major resistance at 0.6931 (200-DMA), break above to see upside. Technical indicators are biased higher. RSI above 50 and biased higher. Stochs are showing bullish momentum and MACD is also...

FxWirePro: GBP/JPY downside capped by 200 –day MA, good to buy on dips

Apr 03, 2018 08:58 am UTC| Technicals

GBP/JPY has formed a minor bottom around 148.38 and shown a jump of more than 100 pips from that level. The minor recovery was due to slight jump in Pound against all majors. The yen shown a minor weakness as Asian markets...

FxWirePro: NZD/JPY hovers around 20-DMA 76.93, good to go long on break above

Apr 03, 2018 08:52 am UTC| Technicals

NZD/JPY trades 0.82% higher on the day, edges higher from session lows at 76.16. China has slapped extra tariffs of up to 25 percent on 128 US products. The resulting risk aversion in the US stocks pushed the...

FxWirePro: AUD/NZD forms bullish engulfing, shooting stars to counter, major trend still oscillating in range - Trade boundary binaries and short hedge

Apr 03, 2018 06:15 am UTC| Technicals

Chart and candlestick patterns formed: Bullish engulfing and the frequent occurrences of shooting stars on minor trend (refer daily chart). The swings have been oscillating in the range bounded pattern on the major trend...

FxWirePro: Gold forms shooting star pattern, good to sell on rallies

Apr 03, 2018 06:13 am UTC| Technicals

Candle stick pattern- Shooting star. Gold has shown a good recovery almost more than $20 from yesterdays low of $1324.75 on fresh trade worries. The major reason for good jump in yellow metal was due to trade war...

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Economy

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

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

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

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

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

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Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

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RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Politics

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

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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...

U.S. Lawmakers to Review Unredacted Jeffrey Epstein DOJ Files Starting Monday

Members of the U.S. Congress are expected to gain access to the unredacted version of the Department of Justices files related to convicted sex offender Jeffrey Epstein beginning Monday morning, according to a report from...

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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