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FxWirePro: CAD/JPY faces strong resistance at 82, good to sell on rallies

Jun 17, 2016 06:55 am UTC| Technicals

Major resistance- 81.90 (7 day EMA) The pair has recovered sharply till 81.24 yesterday after making a low of 79.31. It is currently trading around 80.55. ​ Any break above 82 will confirm the downtrend from 85.50...

FxWirePro: Euro strengthens against Swedish krona, ECOFIN meetings in focus

Jun 17, 2016 06:45 am UTC| Technicals

EUR/SEK is currently trading around 9.3690 levels. It made intraday high at 9.9761 and low at 9.3508 levels. Intraday bias remains bullish till the time pair holds key support at 9.3495 marks. A daily close...

FxWirePro: GBP/JPY bullishness only above 155 level, good to sell on rallies

Jun 17, 2016 06:22 am UTC| Technicals

Major resistance- 150.50 (5 DMA) Major support 145 The pair has jumped after making a low of 145.38. GBP/JPY has risen till 149.78 at the time of writing and slightly declined from that level. It should...

FxWirePro: USD/ZAR rejects key resistance at 15.61, intraday bias remains neutral

Jun 17, 2016 06:11 am UTC| Technicals

USD/ZAR is currently trading around 15.31 levels. It made intraday high at 15.33 and low at 15.25 levels. Intraday bias remains bullish till the time pair holds key support at 15.16 marks. A daily close...

Gold Short term outlook

Jun 17, 2016 05:18 am UTC| Technicals

Major support - $1257 (200 4H EMA) Major resistance - $1315 (200 W MA) The yellow metal rose for the seventh straight sessions and jumped till $1315 on account of diminished US Fed rate hike and Brexit...

FxWirePro: Go long on XAG/USD only above $17.32 with stop loss at $17.11 and target of $17.47

Jun 17, 2016 05:07 am UTC| Technicals

XAG/USD is currently trading around $17.30 marks. It made intraday high at $17.34 and low at $17.12 levels. Intraday bias remains bullish till the time pair holds initial support at $17.11 marks. A daily...

FxWirePro: GBP/JPY rallies may lead to bull trap as bears manage to break neckline of double top – speculate via double touch binaries

Jun 17, 2016 04:53 am UTC| Technicals

The pair has formed thedouble top pattern with top 1 at 162.815 and top 2 at 163.895. Current prices have broken neckline at 154.227 levels, remained well below DMAs. Today prices are attempting to bounce back, but...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

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Science

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Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

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Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

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OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

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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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