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FxWirePro: USD/CHF faces strong support at 0.9630, good to buy at dips

May 10, 2016 07:04 am UTC| Technicals

Major resistance- 0.9800 Major intraday resistance 0.9735 Major support 0.9630 USD/CHF has declined till 0.9684 yesterday and pared its losses in US session. It is currently trading around...

FxWirePro: Chinese Yuan falls as China’s CPI remains stable in April

May 10, 2016 06:46 am UTC| Technicals

USD/CNY is currently trading around 6.5198 marks. It made intraday high at 6.5224 and low at 6.5140 levels. The CPI rose 2.3% year-on-year in April, in line with market forecasts and unchanged for the third...

GBP/JPY breaks major resistance, jump till 158.50 is possible

May 10, 2016 05:52 am UTC| Technicals

Major resistance- 156.71 (21 day MA) Major support - 155.85 (7 day EMA) The pair has been consolidating between 156.66 and 153.63 for the past six trading session. GBP/JPY has violated above 156.71 (21 day MA)...

FX Hedging Strategy Series

FxWirePro: USD/JPY tests 21DMA levels as resistance, break above may extend upswings but use rallies to deploy shorts

May 10, 2016 05:48 am UTC| Technicals

Earlier USD/JPY TARGETS ACHIEVED, stay focused to enter better entry points for short near month futures again. Refer below link for our previous write up on this...

FxWirePro: Kiwi erases previous gain against Aussie, remains well supported above 1.08

May 10, 2016 05:42 am UTC| Technicals

AUD/NZD is trading around 1.0870 marks. Pair made intraday high at 1.0872 and low at 1.0795 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0833 marks. A daily close...

FxWirePro: Japanese Yen hits fresh weekly low against US dollar, intraday bias remains bullish

May 10, 2016 04:26 am UTC| Technicals

USD/JPY is currently trading around 108.72 marks. It made intraday high at 108.82 and low at 108.27 levels. Intraday bias remains bullish for the moment. A daily close below 108.20 will drag the parity down...

FxWirePro: Singapore dollar hits fresh monthly low against US dollar, intraday bias remains neutral

May 10, 2016 03:12 am UTC| Technicals

USD/SGD is currently trading around 1.3714 marks. It made intraday high at 1.3729 and low at 1.3703 levels. Intraday bias remains neutral for the moment. A sustained close above 1.3723 tests key resistances...

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Economy

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Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

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Politics

U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms

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Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

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Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

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Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding

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Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

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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

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NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

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Technology

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

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Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

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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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