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GBP/USD breaks major resistance at 1.23800, jump till 1.2440/1.2520 likely

Mar 17, 2017 09:09 am UTC| Technicals

Major resistance 1.23800 (Support turned into resistance) Cable rallied sharply post Fed meeting and further supported by BOE monetary policy which was held yesterday. BOE has kept its interest rates unchanged...

FxWirePro: Turkish lira strengthens against U.S. dollar, bias remains bearish

Mar 17, 2017 07:42 am UTC| Technicals

USD/TRY is currently trading at 3.6151 levels. It made intraday high at 3.6305 and low at 3.6011 levels. Intraday bias remains bearish till the time pair holds key resistance at 3.6924 marks. Key resistances...

FxWirePro:Sell GBP/JPY on rallies

Mar 17, 2017 07:15 am UTC| Technicals

Major resistance 140.40-140.60 (trend line joining 140.75 and 140.53) GBP/JPY has shown a massive jump yesterday after hitting low of 138.56 level. It is currently trading around 140.12. The pair upside will be...

FxWirePro: GBP/JPY major bearish trend goes in sideways, more potential in shooting star – boundary binaries to trade and short hedge

Mar 17, 2017 07:13 am UTC| Technicals

On daily plotting, shooting star and gravestone doji patterns occurred at 139.570 and 139.425 levels respectively. The current price behavior is forming anasymmetric triangle pattern. The bulls have been taking support...

FxWirePro: USD/CNY jumps above 6.90 mark, PBOC sets yuan mid-point at 6.8873

Mar 17, 2017 06:52 am UTC| Technicals

USD/CNY is currently trading around 6.9023 marks. It made intraday high at 6.9028 and low at 6.8949 levels. Intraday bias remains bullish till the time pair holds key support at 6.8949 mark. A sustained...

FxWirerPro: Gold downside capped by 100 –day EMA, good to buy on dips

Mar 17, 2017 06:00 am UTC| Technicals

Major resistance - $1237 (61.8% retracement of $1263.95 and $1196). Gold rallied to highest finish in two weeks yesterday on account of dovish Fed and weak dollar. The yellow metal broken major resistance at $1230 and...

FxWirePro: Bears resume in DXY to bring back trend in range, bearish DMA crossover and engulfing pattern signal more dips – Short near month futures

Mar 17, 2017 05:57 am UTC| Technicals

On thedaily chart, theprevious uptrend that was begun ever since the formation of dragonfly doji is now absolutely exhausted after the formation of bearish engulfing pattern causes slumps way below DMAs. Bearish...

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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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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

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

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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