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FxWirePro: USD/INR remains well supported below 67.00 mark, good to sell on rallies

Oct 25, 2016 07:49 am UTC| Technicals

USD/INR is currently trading around 66.83 marks. It made intraday high at 66.88 and low at 66.80 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 66.87 marks. Key...

FxWirePro: US Dollar Index forms golden crossover, good to buy on dips

Oct 25, 2016 07:21 am UTC| Technicals

US Dollar index breaks major resistance 98.60 and closed slightly above that level in the previous week. It is currently trading around 98.75. The index has formed Golden Crossover (50-day MA moves above 200- day MA)...

FxWirePro: AUD/USD interim bulls active but struggling with unconvincing momentum, long-term bears active at sloping channel resistance

Oct 25, 2016 07:01 am UTC| Technicals

AUDUSD bulls taking support at 0.7586 levels to bounce back above 21DMA but minor resistance is seen at 0.7641 levels, bullish momentum is not visible despite last two days of attempts of bounce back. Despite the...

FxWirePro: AUD/NZD finds major support at 1.0615, good to go long on dips

Oct 25, 2016 07:00 am UTC| Technicals

AUD/NZD has bounced off major trendline support, currently at 1.0615 levels. Intraday techs are bullish, the pair is on track for further upside. Major support levels - 1.0641 (5-DMA), 1.0623 (20-DMA), 1.0615...

FxWirePro: EUR/SEK trades in narrow range, bias remains neutral

Oct 25, 2016 06:38 am UTC| Technicals

EUR/SEK is currently trading around 9.6939 levels. It made intraday high at 9.6965 and low at 9.6874 levels. Intraday bias remains neutral till the time pair holds key support at 9.6789 marks. A daily close...

FxWirePro: Gold trades slightly weaker on strong dollar, good to sell on rallies

Oct 25, 2016 05:59 am UTC| Technicals

Major resistance- $1275 (23.6% retracement of $1375 and $1241). Major intraday Support - $1250 Gold has once slipped slightly after jumping to $1271.18 level on account stronger dollar and rising expectations of...

FxWirePro: USD/JPY extends gains above 104 handle, bias higher, good to long dips

Oct 25, 2016 05:50 am UTC| Technicals

USD index hit fresh nine-month highs just below the 98 handle, supported by upbeat US manufacturing and general risk-on mood. USD/JPY posted a daily high at 104.49 and is currently hovering around 104.43 with a...

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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

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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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