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FxWirePro: USD/ZAR hovers around key resistance at 12.75 mark, sustained close above targets 12.96

Mar 22, 2017 07:00 am UTC| Technicals

USD/ZAR is currently trading around 12.72 levels. It made intraday high at 12.72 and low at 12.64 levels. Intraday bias remains bullish till the time pair holds key support at 12.52 marks. A daily close...

FxWirePro: USD/INR fails to sustain below 65.20 mark, faces strong support at 65.12

Mar 22, 2017 06:24 am UTC| Technicals

USD/INR is currently trading around 65.44 marks. It made intraday high at 65.52 and low at 65.41 marks. Intraday bias remains neutral till the time pair holds key support at 65.12 marks. Key resistances are...

FxWirePro: USD/JPY consolidates drop to 4-month lows at 111.43, finds strong support by weekly cloud at 111.27

Mar 22, 2017 06:16 am UTC| Technicals

USD/JPY edges higher from 4-month lows at 111.43, is currently trading at 111.53. The pair is trading a narrow range as we head into the European session. Markets largely ignored Feds Kaplans comments, citing 3...

FxWirePro: NZD/JPY Gravestone Doji evidences 4-month lows below 21-EMAs, more slumps likely as bears retrace 38.2% and bearish WMA crossover

Mar 22, 2017 06:06 am UTC| Technicals

Shooting stars Railroad patterns appeared at thestiff resistance of 83.744 levels (see weekly chart). These bearish patterns signal weakness, as a result, the current prices have gone below 7WMA. For now, more...

FxWirerPro: Gold trades higher on weak US dollar, good to buy on dips

Mar 22, 2017 05:50 am UTC| Technicals

Major resistance - $1237 (61.8% retracement of $1263.95 and $1195). Gold rallied to three week high on weak U.S dollar and safe heaven demand . The yellow metal broken the major resistance at $1237 (61.8% fibo) and...

FxWirerPro: Gold trades higher on weak US dollar, good to buy on dips

Mar 22, 2017 05:50 am UTC| Technicals

Major resistance - $1237 (61.8% retracement of $1263.95 and $1195). Gold rallied to three week high on weak U.S dollar and safe heaven demand . The yellow metal broken the major resistance at $1237 (61.8% fibo) and...

FxWirePro: AUD/JPY on track to test 100-DMA at 85 levels, stay short

Mar 22, 2017 05:34 am UTC| Technicals

AUD/JPY perceived as a risk barometer remains heavily offered amid a fresh bout of risk aversion. The pair is extending downside after amassive slump on Monday. AUD/JPY price action has dipped below daily cloud...

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Economy

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

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Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks

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Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious

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Politics

Special Prosecutor Alleges Yoon Suk Yeol Sought North Korea Provocation to Justify Martial Law

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Supporters Gather Ahead of Verdict in Jimmy Lai’s Landmark Hong Kong National Security Trial

Supporters of Hong Kong democracy activist and media tycoon Jimmy Lai queued overnight outside the citys High Court on Monday as anticipation grew ahead of the verdict in his landmark national security trial, a case that...

Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership

Korea Zincs board is set to convene on Monday to vote on a major overseas investment plan that could significantly strengthen the supply chain for critical minerals in the United States. According to a source familiar with...

Hong Kong Democratic Party Disbands After Member Vote Amid Security Crackdown

Hong Kongs last major opposition party, the Democratic Party, has voted to disband, marking a significant moment in the citys political history and underscoring the impact of Chinas national security crackdown on liberal...

Ukraine’s NATO Concession Unlikely to Shift Peace Talks, Experts Say

Ukraines recent offer to abandon its long-standing ambition to join NATO is unlikely to have a major impact on ongoing peace talks with Russia, according to several foreign policy and security experts. During discussions...

Science

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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

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Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...
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