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FxWirePro: EURUSD hits fresh 14 month high, good to buy on dips

Jul 21, 2017 10:50 am UTC| Technicals

EURUSD hits fresh 14 month high yesterday after positive comments from Draghi in ECB monetary policy meeting yesterday. ECB has kept its interest rates unchanged at 0%, the marginal lending rate at 0.25% and deposit rate...

FxWirePro: EUR/JPY struggles at weekly 200-SMA, bullishness only on break above

Jul 21, 2017 10:13 am UTC| Technicals

EUR/JPY has seen multiple rejections at major resistance at weekly 200-SMA currently at 130.62. We see further bullishness only on break above. Scope then for the major to test 134.24 (78.6% Fib retrace of 141.05...

FxWirePro: Possible 'Death Cross' on USD/JPY, go short on decisive close below 200-DMA

Jul 21, 2017 09:09 am UTC| Technicals

USD/JPY extends grind lower, hovers around 200-DMA at 111.822. Possible Death Cross on daily charts adds scope for downside. A decisive close below 200-DMA could see extension of weakness. Consecutive spinning...

FxWirePro: Chinese yuan trades marginally lower, PBOC sets yuan mid-point at 6.7415

Jul 21, 2017 08:16 am UTC| Technicals

USD/CNY is currently trading around 6.7651 marks. It made intraday high at 6.7668 and low at 6.7558 levels. Intraday bias remains bullish till the time pair holds key support at 6.7510 mark. A sustained...

FxWirePro: USD/CHF breaks major support at 0.9520, decline till 0.9440 likely

Jul 21, 2017 07:03 am UTC| Technicals

Near term trend - down USD/CHF has broken major support at 0.95237 after two days of consolidation and declined till 0.94938 yesterday. It is currently trading around 0.94977. Any break below the low formed on...

FxWirePro: AUD/NZD dips back into daily cloud, weakness to extend on break below 1.0610 (200-DMA)

Jul 21, 2017 07:02 am UTC| Technicals

AUD/NZD took a sharp turn lower, from multi-week highs at 1.0845 hit on Thursdays trade. The pair failed to close above 1.08 levels and price action has fallen back into daily cloud. Aussie slumps across the...

FxWirePro: USD/ZAR hovers around 13.00 mark, bias remains neutral

Jul 21, 2017 06:48 am UTC| Technicals

USD/ZAR is currently trading around 13.01 levels. It made intraday high at 13.04 and low at 13.00 levels. Intraday bias remains neutral till the time pair holds key resistance at 13.05 mark. A daily close...

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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

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...

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

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

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....