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FxWirePro: Gold displays bearish RSI divergence, bears lingering to breach 7-DMA, consolidation phase intact but railroad pattern signals weakness

Jan 05, 2018 07:01 am UTC| Technicals Insights & Views

Ever since a resembling shooting star pattern has occurred at 1322.57 levels, the momentum in the previous rallies seems to be exhausted. As a result, both leading oscillators signal overbought pressures. You can easily...

FxWirePro: USD/JPY breaks above 20-DMA, retakes 113 handle, good to go long on close above

Jan 05, 2018 06:58 am UTC| Technicals

US dollar lifted by upbeat US data, FOMC minutes. Focus now on US NFP data. USD/JPY extends gains for 3rd consecutive session, breaks stiff resistance at 20-DMA (112.93). The major has re-claimed 113 handle, bias...

FxWirePro: USD/INR trades in narrow range, bias remains neutral

Jan 05, 2018 06:36 am UTC| Technicals

USD/INR is currently trading around 63.29 marks. It made intraday high at 63.30 and low at 63.20 marks. Intraday bias remains neutral till the time pair holds key support at 63.20 mark. Key resistances are...

FxWirePro: BTC/EUR capped at 20-DMA, good to short break below 12230

Jan 05, 2018 06:13 am UTC| Technicals Digital Currency

BTC/EUR has seen multiple rejections at 20-DMA which raises scope for more downside in the pair. On the daily charts 20-DMA has turned south, RSI is flat around 50 levels and stochs are approaching overbought...

FxWirePro: Taiwanese dollar appreciates against U.S. dollar, hits highest level since November 2013

Jan 05, 2018 05:58 am UTC| Technicals

USD/TWD is currently trading around 29.50 marks. It made intraday high at 29.59 and low at 29.48 marks. Intraday bias remains bearish till the time pair holds resistance at 29.70 mark. A daily close above...

FxWirePro: AUD/USD forms bullish engulfing in consolidation phase, rallies shrug off bearish patterns in minor trend – Boundary binaries to trade

Jan 05, 2018 05:47 am UTC| Technicals

Shooting star hanging man patterns have occurred at 0.7801 and 0.7834 levels. Bulls shrug-off these bearish patterns, the current prices well above 7DMAs, but previous rallies seem to be little edgy at a stiff resistance...

FxWirePro: Gold trades well above $1300 level, good to buy on dips

Jan 05, 2018 05:42 am UTC| Technicals

Gold jumped almost $20 yesterday on account of slightly weak US dollar. The yellow metal hits high of $1325.89 after hitting low of $1305.29 yesterday. US dollar index declined almost 40 pips from the high of 92.26. It is...

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Economy

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

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

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

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

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...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election

Asian stock markets mostly declined on Friday, tracking sustained losses in global technology shares and a weak lead from Wall Street, while Japanese equities managed to stabilize ahead of a closely watched national...

Politics

Trump Signs “America First Arms Transfer Strategy” to Prioritize U.S. Weapons Sales

U.S. President Donald Trump has signed a new executive order reshaping how the United States prioritizes foreign military sales, marking a major shift in long-standing U.S. arms export policy. The order establishes the...

TrumpRx.gov Highlights GLP-1 Drug Discounts but Offers Limited Savings for Most Americans

President Donald Trump has launched a new prescription drug pricing website, TrumpRx.gov, aiming to showcase his administrations efforts to reduce drug costs in the United States. The website focuses heavily on negotiated...

U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms

The United States will make an initial payment toward the billions of dollars it owes the United Nations within weeks, according to comments made by U.S. Ambassador Mike Waltz in a recent interview with Reuters. The move...

Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

Norways economic crime police unit, Økokrim, has opened an investigation into former prime minister and former Norwegian Nobel Committee chairman Thorbjoern Jagland on suspicion of aggravated corruption, authorities...

Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

Iran and the United States are preparing for high-stakes nuclear negotiations in Oman on Friday, but deep disagreements over the agenda and escalating regional tensions suggest that meaningful progress will be difficult....

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....