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FxWirePro: EUR/KRW rejects key support at 1,330 mark, bias remains bullish

Aug 18, 2017 01:15 am UTC| Technicals

EUR/KRW is currently trading around 1,338 mark. Pair made intraday high at 1,340 and low at 1,334 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1,325 mark. A...

FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

Aug 17, 2017 15:13 pm UTC| Technicals

USD/JPY declined on Wednesday as the dollar slipped after Federal Reserve minutes showed policymakers increasing wary over soft inflation that could delay the timing for another U.S. rate hike this year. The dollar...

FxWirePro: GBP/AUD breaks major trendline support at 1.6360, bias lower, stay short for 1.6040

Aug 17, 2017 12:59 pm UTC| Technicals

Release of UK retail sales data, showing a monthly growth of 0.3% (vs. 0.2% expected), did little to provide any fresh boost to the British Pound. GBP/AUD breaks major trendline support at 1.6360, is currently trading...

FxWirePro: EUR/USD Trade Idea

Aug 17, 2017 10:18 am UTC| Technicals

EURUSD Trade Idea EUR/USD has jumped sharply yesterday from the low of 1.16810 after Fed minutes meeting. Fed spilt over path of rate hikes on low inflation concerns. The pair jumped till 1.17898 at the time of...

FxWirePro: Cloud caps upside in EUR/CAD, good to go short on break below 1.4776

Aug 17, 2017 08:31 am UTC| Technicals

Cloud caps upside in EUR/CAD, technical studies bearish. After struggling at major trendline resistance on mutliple sessions, the pair has slipped lower to break daily cloud. The pair finds major support at...

FxWirePro: EUR/AUD breaks below 50-DMA at 1.4816, good to go short on rallies

Aug 17, 2017 07:48 am UTC| Technicals

EUR/AUD was rejected at major trendline resistance at 1.5025, is extending downside for 2nd successive session. The pair has broken below 50-DMA at 1.4816 and price action has fallen below daily cloud. Technical...

FxWirePro: Prefer to go long on XAG/USD around $17.09 with stop loss at $16.98 and target of $17.36

Aug 17, 2017 07:45 am UTC| Technicals

XAG/USD is currently trading around $17.11 marks. It made intraday high at $17.16 and low at $17.06 levels. Intraday bias remains neutral till the time pair holds key resistance at $17.22 mark. A daily close...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

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Politics

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Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

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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

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Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

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NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

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Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

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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

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Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

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OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

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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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