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FxWirePro: AUD/USD retraces brief dip below 5-DMA at 0.7811, eyes 200W SMA at 0.7856

Jan 03, 2018 09:13 am UTC| Technicals

AUD/USD stalled corrective slide near 0.78 handle, edges higher to currently trade at 0.7833 level. The pair retraced brief dip below daily cloud and 5-DMA, bias higher as long as cloud support holds. Strong...

FxWirePro: EUR/USD forms shooting star chart pattern, good to sell on rallies

Jan 03, 2018 08:45 am UTC| Technicals

Candle stick pattern- Shooting Star EUR/USD hits high 1.20813 yesterday which his almost near to 2017 high of 1.20920. The pair has shown a minor sell-off till 1.20265 from that high. The market awaits major releases...

FxWirePro: Indian rupee erases previous gain against U.S. dollar, stay bearish only below 63.32 mark

Jan 03, 2018 08:35 am UTC| Technicals

USD/INR is currently trading around 63.42 marks. It made intraday high at 63.50 and low at 63.35 marks. Intraday bias remains slightly bullish till the time pair holds key support at 63.32 mark. Key...

FxWirePro: AUD/JPY struggles at 61.8% Fib, extends consolidation for 5th straight session

Jan 03, 2018 08:31 am UTC| Technicals

AUD/JPY is struggling to break past 61.8% Fib at 88.03, further upside only on break above. The pair has retraced break above 200W SMA at 88.04, has slipped below 5-DMA. Only decisive break at 200W SMA could see...

FxWirePro: EUR/JPY trend goes in sideways after long-legged doji, major trend breaks-out 61.8% Fibos but substance seems to edgy

Jan 03, 2018 07:48 am UTC| Technicals

Chart and candlestick pattern formed- Bearish RSI divergence, the sideways trend followed by long-legged doji on intraday terms and Consolidation phase breaches 61.8% Fibonacci retracements, shooting stars appear at stiff...

FxWirePro: AUD/CAD fails to hold break above channel top, slips below 100-DMA at 0.9794

Jan 03, 2018 06:54 am UTC| Technicals

AUD/CAD fails to hold break above channel top, retraces back into slopping channel. The pair has slipped below 100-DMA at 0.9794, bias lower. Technical indicators have turned bearish, we see scope for further...

FxWirePro: GBP/JPY trades higher, good to buy on dips

Jan 03, 2018 06:19 am UTC| Technicals

GBP/JPY is trading higher for past ten trading days and is expected to reach 153.40 level. The pair hits high of 152.71 at the time of writing and is currently trading around 152.77. Minor term trend is still bullish...

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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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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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