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FxWirePro: AUD/USD downside capped at 5-DMA, weakness only on break below

Jun 09, 2017 12:24 pm UTC| Technicals

AUD/USD hovers around 200-DMA at 0.7531, extends consolidation phase. Downside for now seems to be capped by 5-DMA at 0.7524, we see weakness on break below. Momentum indicators on weekly charts are biased...

FxWirePro: EUR/USD Trade Idea

Jun 09, 2017 11:55 am UTC| Technicals

EUR/USD broken the major support 1.1200 after slightly dovish ECB. The pair has declined till 1.11699. It is currently trading around 1.11800. ECB kept its interest rates unchanged at 0% and deposit rates at -0.4%.It has...

FxWirePro: EUR/CHF 1m bearish-neutral risk reversals and shrinking IVs signal writers’ opportunity in option strangle in range bounded trend

Jun 09, 2017 11:42 am UTC| Research & Analysis Insights & Views Technicals

After ECBs monetary policy session, euro vols have collapsed, lets have a glance through the implied volatilities of EURCHF ATM contracts from the above nutshell, IVs of this underlying pair of all expiries have still been...

FxWirePro: NZD/CAD pivotal near 78.6% Fib, Doji formation heightens downside risk

Jun 09, 2017 11:10 am UTC| Technicals

NZD/CAD has edged lower after hitting fresh 7-month highs at 0.9758. The pair remains pivotal near 78.6% Fib (0.9925 to 0.9171 fall) at 0.9750. Momentum indicators are at highly overbought levels with scope for...

FxWirePro: NZD/JPY breaks major trendline resistance at 79, good to go long on dips

Jun 09, 2017 09:21 am UTC| Technicals

NZD/JPY has shown a decisive break above major trendline resistance at 79. The pair has broken range trade between 100 and 200 day moving averages. 200-DMA at 78.33 is strong support on the downside, break below...

FxWirePro: EUR/USD trades below trend line support, decline till 1.1100 is likely

Jun 09, 2017 09:20 am UTC| Technicals

EUR/USD broken the major support 1.1200 after slightly dovish ECB. The pair has declined till 1.11699. It is currently trading around 1.11827. ECB kept its interest rates unchanged at 0% and deposit rates at -0.4%.It...

FxWirePro: USD/CAD trades higher on weak crude oil, good to buy on dips

Jun 09, 2017 09:15 am UTC| Technicals

Canadian dollar is trading lower against all major pair for the past two days on account of weak oil prices. Loonie jumped sharply till 1.35376 after forming minor bottom around 1.34263 yesterday. It is currently trading...

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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...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

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U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

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Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

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Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

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

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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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