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FxWirePro: NZD/USD finds strong support at 0.7080, good to long on dips

Oct 17, 2016 04:59 am UTC| Technicals

NZD/USD edges higher from session lows at 0.7077, intraday bias higher. The pair finds major support at 0.7080 levels, weakness only on break below. Technicals suggest upside in the pair, RSI is biased north and...

AUD/USD hovers around 0.76 handle, edges lower from session highs at 0.7621.

Oct 17, 2016 04:15 am UTC| Technicals

Rising December Fed rate hike bets and devaluation of Yuan by PBOC weighing on AUD/USD. SDR inclusion has not helped strengthen the yuan, PBOC has been weakening the currency via lower daily fix. Technical...

FxWirePro: China’s yuan jumps above 6.73 mark, PBOC sets yuan mid-point at 6.7379

Oct 17, 2016 04:06 am UTC| Technicals

USD/CNY is currently trading around 6.7327 marks. It made intraday high at 6.7340 and low at 6.7278 levels. Intraday bias remains bullish till the time pair holds key support at 6.7055 marks. On the top...

FxWirePro: ASX200 faces strong resistance at 10- day MA, good to sell on rallies

Oct 17, 2016 03:04 am UTC| Technicals

Minor resistance -5465 (10- day MA). The index has once again retreated after making a high of 5467.It is currently trading around 5410. ASX200 faces strong resistance at 10- day MA and any slight bullishness...

FxWirePro: USD/TWD hits fresh 7-week high at 31.83; stay bullish

Oct 17, 2016 03:00 am UTC| Technicals

USD/TWD is currently trading around 31.78 marks. It made intraday high at 31.83 and low at 31.65 marks. Intraday bias remains bullish till the time pair holds key support at 31.45 marks. A daily close above...

FxWirePro:Nikkei225 trades in narrow range, close above 17000 confirms bullishness

Oct 17, 2016 02:48 am UTC| Technicals

Nikkei225 is trading in narrow range between 16967 and 16641 for the past three trading session. apanese index has made a temporary top around 17062 on Oct 11th high. It is currently trading around 16866. Technically...

FxWirePro: Thai baht erases previous gain against U.S. dollar, stabilizes above 35.00 mark

Oct 17, 2016 02:36 am UTC| Technicals

USD/THB is currently trading around 35.42 marks. It made intraday high at 35.45 and low at 35.32 marks. Intraday bias remains bullish for the moment. On the top side key resistances are seen at 35.67, 35.90,...

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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

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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

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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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