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FxWirePro: EUR/JPY extends range trade for a second consecutive day, bias lower

May 25, 2016 07:12 am UTC| Technicals

EUR/JPY is extending range trade for a second consecutive day, with days highs at 122.79 and lows at 122.46. Pair remains capped below 510 DMAs, momentum studies are bearish. Strong support lies at 122.45 (Double...

FxWirePro: USD/CNY breaks key resistance at 6.5510, next target 6.5708 in focus

May 25, 2016 07:06 am UTC| Technicals

USD/CNY is currently trading around 6.5583 marks. It made intraday high at 6.5603 and low at 6.5509 levels. Intraday bias remains bullish till the time pair holds key support at 6.5510 levels. A sustained...

FxWirePro: NZD/CAD holds 50-DMA support at 0.8826, weakness only on break below

May 25, 2016 06:34 am UTC| Technicals

NZD/CAD was rejected at days high by 0.8880 and is currently trading at 0.8846 after hitting session lows at 0.8832. The pair finds strong support by 50-DMA at 0.8826, break below could see test of next major support...

US Oil faces resistance at 161.8% extension, break above targets $50/$50.90

May 25, 2016 06:31 am UTC| Technicals

Major resistance - $49.35 (161.8% retracement of 46.79 and 42.90) Major support - $47.57 (10 day EMA) US oil hits highest in seven months at $49.32 on expected supply drop. The commodity has broken $49.27 (20 the...

FxWirePro: GBP/JPY inch higher towards resistance at 21DMA but never buck major trend

May 25, 2016 06:29 am UTC| Technicals

Current upswings jumped above 7DMA and heading towards resistance at 21DMA on weekly at pivot levels of 162.702. But we dont think the prevailing price bounces sustain major resistance or to reach even major resistance...

FxWirePro: Silver back above $16.20, faces strong resistance at $16.32

May 25, 2016 05:59 am UTC| Technicals

XAG/USD is currently trading around $16.26 marks. It made intraday high at $16.29 and low at $16.14 levels. Intraday bias remains bullish till the time pair holds key support at $16.15 marks. A daily close...

FxWirePro: GBP/JPY faces resistance at 21 WMA, good to sell on rallies

May 25, 2016 05:48 am UTC| Technicals

Major resistance- 161.50 (21 W MA) Major support 158 GBP/JPY has made a high of 161.05 and slightly declined from that level. It is currently trading around 160.69. Short term trend is still weak as long as...

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Economy

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

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Politics

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Science

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Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

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TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

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Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

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