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FxWirePro: AUD/CAD finds major resistance at 0.9929, further upside only on break above

Jul 14, 2017 07:16 am UTC| Technicals

AUD/CAD is extending grind higher for 2nd consecutive session. 5-DMA has turned and supports further upside. Bullish RSI divergence on 4-hourly charts keeps scope for upside. The pair has shown decisive break above...

FxWirePro: South African rand rises gradually against U.S. dollar, bias remains slightly bearish

Jul 14, 2017 07:06 am UTC| Technicals

USD/ZAR is currently trading around 13.18 levels. It made intraday high at 13.21 and low at 13.16 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.27 mark. A daily close...

FxWirePro: Buy GBP/JPY on dips

Jul 14, 2017 07:02 am UTC| Technicals

GBP/JPY has declined sharply after forming a temporary top around 147.77. The pair hits low of 145.26 and slightly recovered from that level. It is currently trading around 146.75. Short term trend is bullish as long...

FxWirePro: AUD/CHF momentum bullish, on track to test 61.8% Fib at 0.7554, stay long

Jul 14, 2017 06:54 am UTC| Technicals

AUD/CHF extends bullish momentum after break above major channel top resistance at 0.7375. We see scope for test of 61.8% Fib retrace of 0.7806 to 0.7146 fall at 0.7554. Aussie buoyed by China trade data on...

FxWirePro: AUD/NZD extends consolidation below 200-DMA at 1.0609, break above to see further upside

Jul 14, 2017 06:33 am UTC| Technicals

AUD/NZD is extending consolidation below 200-DMA at 1.0609 levels. Bias still higher. The pair is trading 0.21 percent higher on the day, at 1.0580 levels. Technical indicators are still biased higher, RSI biased...

FxWirePro: Chinese yuan gains as Fitch affirms China’s rating at A+

Jul 14, 2017 06:18 am UTC| Technicals

USD/CNY is currently trading around 6.7798 marks. It made intraday high at 6.7841 and low at 6.7789 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.8009 mark. A sustained...

FxWirePro: FxWirePro: AUD/USD breaks major resistance at 0.7710, on track to test March high at 0.7750

Jul 14, 2017 06:11 am UTC| Technicals

AUD/USD has shown a decisive breakout above major trendline resistance at 0.7710, bias higher. Momentum studies are bullish, RSI strong at 70 and biased higher. MACD supports trend higher. Next bull target lies...

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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

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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

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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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