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FxWirePro: USD/ZAR hits fresh 11-month high at 14.35 mark, bias remains bullish

Oct 27, 2017 08:20 am UTC| Technicals

USD/ZAR is currently trading around 14.30 levels. It made intraday high at 14.35 and low at 14.21 levels. Intraday bias remains bullish till the time pair holds key support at 14.02 mark. A daily close...

USDCHF: Short Term Outlook

Oct 27, 2017 07:17 am UTC| Technicals

USD/CHF jumped sharply yesterday after ECB policy meeting. The pair hits high of 0.99979 at the time of writing. It has closed well above trend line resistance 0.9820 (trend line joining 1.03350 and 1.00998) .it is...

FxWirePro: USD/CNY hits fresh 3-week high at 6.6615, PBOC sets yuan mid-point at 6.6473

Oct 27, 2017 07:15 am UTC| Technicals

USD/CNY is currently trading around 6.6539 marks. It made intraday high at 6.6615 and low at 6.6390 levels. Intraday bias remains bullish till the time pair holds key support at 6.6255 mark. A sustained...

FxWirePro: Potential 'Bullish Cypher' on AUD/NZD raises scope for downside, good to short rallies

Oct 27, 2017 07:12 am UTC| Technicals

AUD/NZD corrects lower from 1 1/2 year highs at 1.1289 (Oct 24 high), slips below 1.12 handle. The pair 0.11% down on the day, hovers around 1.1175 levels, bias lower. Price action has slipped below 5-DMA support...

FxWirePro: What fortifies and dampens sterling moves during end of 2017 – Hedging frameworks for GBP crosses

Oct 27, 2017 06:59 am UTC| Research & Analysis Insights & Views Technicals

Our highest conviction macro trade in recent weeks has been short GBP as we felt that UK rate hikes were overpriced given the weak starting point for UK growth and the existential Brexit shock that continues to dominate...

FxWirePro: EUR/AUD retraces break above major trendline post ECB’s dovish taper announcement, intraday bias neutral

Oct 27, 2017 06:37 am UTC| Technicals

EUR/AUD retraces break above major trendline post ECBs dovish taper announcement. The pair edged lower from 16-month highs at 1.5392 and is currently trading at 1.5213 levels. The EUR fell sharply overnight,...

FxWirePro: Indian rupee falls gradually against U.S. dollar, downside limited

Oct 27, 2017 06:35 am UTC| Technicals

USD/INR is currently trading around 65.20 marks. It made intraday high at 65.20 and low at 65.05 marks. Intraday bias remains bullish till the time pair holds key support at 65.01 marks. Key resistances are...

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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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