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FxWirePro: GBP/USD consolidating around 1.3142, bias is bullish

Jul 20, 2016 18:59 pm UTC| Technicals

The Sterling surged higher against the greenback on Wednesday after data showed Britains jobless rate fell in May to its lowest level since 2005 as the labour market strengthened in the run-up to last months vote to leave...

FxWirePro: USD/CAD rises to hit one week high as oil prices decline, upside bias remains

Jul 20, 2016 14:11 pm UTC| Technicals

The USD/CAD pair rose sharply to hit one-weekhigh on Wednesday as the loonie was weighted down by falling oil prices and the International Monetary Fund cut Canadas global growth forecasts. Oil prices fell sharply as...

FX Hedging Strategy Series

FxWirePro: XAG/USD breaks below support at 19.527, bearish momentum confirms sustenance below – One Touch Binary Puts to speculate

Jul 20, 2016 12:49 pm UTC| Technicals

Technical Inference: Silver prices have broken the strong support below at 19.527 levels (see intraday charts) but bulls are very much active ahead of ECBs action tomorrow. Subsequently, upon the sustenance below...

EUR/USD Trade idea

Jul 20, 2016 12:04 pm UTC| Technicals

Major trend line support - 1.10160 (trend line joining 1.07115 and 1.082115) Major intraday resistance - 1.1061 (7 day EMA) The pair has broken major support 1.0160 and declined till 1.09813 at the time of...

FxWirePro: AUD/USD breaks below 20-DMA, bias lower, stay short

Jul 20, 2016 11:46 am UTC| Technicals

Upbeat US housing starts buoyed USD, dragging AUD/USD lower. The pair has broken below 20-DMA on the daily charts, Techs remain bearish. Our previous call...

USD/CHF faces strong resistance at 0.9900, break above targets 0.9960/1.000

Jul 20, 2016 09:58 am UTC| Technicals

Major resistance 0.9900 (90 day EMA) The pair has taken support near 200 day MA and jumped from that level. It is currently trading around 0.98877. The pair made a temporary top around 0.98941 on Jul 12th and...

EUR/USD breaks major support at 1.1016, decline till 1.0910 likely

Jul 20, 2016 09:05 am UTC| Technicals

Major trend line support - 1.10160 (trend line joining 1.07115 and 1.082115) Major intraday resistance - 1.1061 (7 day EMA). The pair has broken major support 1.0160 and declined till 1.09813 at the time of...

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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

Donald Trump has positioned himself as the Republican Partys chief voice on the cost of living during a pivotal election year, but a Reuters review of his recent speeches shows a growing disconnect between his rhetoric and...

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

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Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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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

The United States is pressing Ukraine and Russia to reach an agreement to end the war before the start of summer, Ukrainian President Volodymyr Zelenskiy said following two days of U.S.-brokered talks held in Abu Dhabi....

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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