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FxWirePro: EUR/SEK fails to find support above 9.78 mark, stay bullish only above 9.7816

May 19, 2017 07:44 am UTC| Technicals

EUR/SEK is currently trading around 9.7651 levels. It made intraday high at 9.7814 and low at 9.7633 levels. Intraday bias remains neutral for the moment. A sustained close above 9.7756 tests key resistances...

FxWirePro: EUR/GBP capped below 200-DMA at 0.8594, intraday bias neutral

May 19, 2017 07:39 am UTC| Technicals

EUR/GBP is struggling for direction, remains capped below 200-DMA. Intraday bias remains neutral, buy upside intact as long as pair holds above 5-DMA at 0.8571. Stiff resistance seen at 0.8595 (converged...

FxWirePro: CAD/JPY bulls rejected at sloping channel resistance, major downtrend on verge of forming adjoining handle to saucer pattern

May 19, 2017 07:37 am UTC| Technicals

On daily terms, the current price has shown failure swings at channel resistance. Consequently, it has gone below DMAs, expect dips on bearish DMA crossover. The price behavior has been sliding in the sloping...

FxWirePro: EUR/JPY holds 20-DMA support, 'Bearish Anti Gartley' keeps bias lower

May 19, 2017 07:04 am UTC| Technicals

EUR/JPY is trading a narrow range on the day, capped below 5-DMA on the upside. JPY remains bid as markets witnessed a slight turnaround in risk condition amid a renewed uptick in treasury yields and Asian...

FxWirePro: Gold downside capped by 200 –day MA, good to buy on dips

May 19, 2017 06:59 am UTC| Technicals

Gold prices shown minor profit booking after hitting two week high on account political uncertainty in U.S. The yellow metal declined almost $20 till $1245.95 yesterday and it is currently trading around $1249.86. US...

FxWirePro: USD/ZAR rejects key resistance at 13.58 mark, intraday bias remains bearish

May 19, 2017 06:39 am UTC| Technicals

USD/ZAR is currently trading around 13.32 levels. It made intraday high at 13.42 and low at 13.31 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.58 marks. A daily...

FxWirePro: NZD/JPY trades a narrow range, further weakness only on break below 76

May 19, 2017 06:26 am UTC| Technicals

NZD/JPY is trading in a narrow range after Doji formation on Thursday. Technical indicators on daily charts are still heavily bearish, but pair finds strong trendline support at 76 levels. We see any further...

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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

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Politics

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

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New York Legalizes Medical Aid in Dying for Terminally Ill Patients

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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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