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FxWirePro: USD/JPY dubious bulls hover around 7-DMA, slumps in major trend to extend upon most likely bearish EMA crossover

Mar 29, 2017 06:57 am UTC| Technicals

The current price behavior of this pair has been sliding through falling wedge formation (refer daily chart). The current upswings struggle to go above 7DMAs, more dips likely upon bearish DMA crossover Ever since...

FxWirPro: GBP/USD decline sharply as U.K and EU divorce begins, good to sell on rallies

Mar 29, 2017 06:56 am UTC| Technicals

Cable declined drastically as Theresa May will invoke article 50 of the Lisbon treaty today at 11:00 GMT . The pair jumped till 1.26151 on 27th Mar 2017 and dipped sharply below 1.2500 level. GBP/USD has declined till...

FxWirePro: South African rand falls gradually against U.S. dollar, faces strong resistance at 13.15

Mar 29, 2017 06:45 am UTC| Technicals

USD/ZAR is currently trading around 13.07 levels. It made intraday high at 13.08 and low at 12.90 levels. Intraday bias remains bullish for the moment. A daily close above 12.99 will take the parity...

FxWirePro: AUD/USD keeps bid tone intact, close above daily cloud to support further upside

Mar 29, 2017 06:27 am UTC| Technicals

AUD/USD has bounced off major trendline support at 0.7585 on Tuesdays trade. The pair has retraced above 20-DMA and has broken above daily cloud. Technicals are still biased lower, only a decisive close above...

FxWirePro:Gold retreats slightly on account of strong U.S dollar , good to sell on rallies

Mar 29, 2017 05:57 am UTC| Technicals

Major resistance - $1260-$1264 (200- day MA and Feb 24th high). Major support - $1237. Gold jumped almost $7 yesterday and touched $1258 nearing its new one month high on account of weak U.S dollar and treasury...

FxWirePro: Indian rupee appreciates sharply against U.S. dollar, hits highest level since October 2015

Mar 29, 2017 05:45 am UTC| Technicals

USD/INR is currently trading around 64.91 marks. It made intraday high at 65.13 and low at 64.89 marks. Intraday bias remains bearish till the time pair holds key resistance at 65.22 marks. Key resistances...

FxWirePro: Taiwanese dollar exhibits range bound movement, bias remains neutral

Mar 29, 2017 04:57 am UTC| Technicals

USD/TWD is currently trading around 30.20 marks. It made intraday high at 30.26 and low at 30.12 marks. Intraday bias remains neutral for the moment. A daily close above 30.27 will drag the parity up towards...

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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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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

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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