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FxWirePro: USD/JPY stronger after US CPI data, critical resistance at lies ahead

Mar 16, 2016 16:18 pm UTC| Technicals

USD/JPY pair has inched higher in US session towards 113.65 levels as the pair was supported by healthy US Inflation which increased more than expected in February Currently the pair is approaching to test resistance...

FxWirePro: GBPUSD holds above 1.4050 levels but upside is limited

Mar 16, 2016 15:58 pm UTC| Technicals

GBP/USD slipped towards lower levels in the early European session as the pair was broadly sold across the board. However, after finding support at 1.4050 levels, the pair has rebounded to trade around 1.4090...

FxWirePro: USD/CHF key support at 0.9830, bullish in the short term

Mar 16, 2016 15:05 pm UTC| Technicals

The USD/CHF has bounced towards 0.9910 levels, after failing to break below 0.9850 support level. The pair has been trading in bullish trend off late and it is set to continue advancing further, as long as the pair trades...

FX Hedging Strategy Series

FxWirePro: Asian EM's persistent struggle pave way for currency depreciation in Q2 - long term hedging perspectives

Mar 16, 2016 14:43 pm UTC| Technicals

TWD:Taiwanese economic growth may be upset by slow global trade growth. The government seeks to bolster investment to support the economy. A new round of electricity price cut may place downward pressure on the headline...

FxWirePro: EUR/USD pauses decline, downside risk remains intact

Mar 16, 2016 14:39 pm UTC| Technicals

EUR declined against US dollar on Wednesday after data showed US inflation increased more than expected. The pair extended its decline from 1.1097 to hit low at 1.1054 in the early US session. Further upside is...

FxWirewPro: CHF/JPY faces strong resistance around 116, good to sell on rallies

Mar 16, 2016 11:56 am UTC| Technicals

Major support - 114 (20 day MA) The pair has recovered after making a low of 114.20 It is currently trading around 114.75. Short term trend is weak as long as resistance 116 holds. Any break below 114 will...

USD/CAD Trade idea

Mar 16, 2016 10:21 am UTC| Technicals

Major Resistance 1.3402 Major support 1.3310 (200 day MA) The pair has started to retreat once again after making a high of 1.3853 at the time of writing. It is currently trading around 1.33545. Any break...

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Economy

China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious

China has once again kept its benchmark lending rates unchanged, extending the pause in monetary policy adjustments to a seventh consecutive month in December, in line with broad market expectations. The Peoples Bank of...

Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike

Asian share markets moved higher at the start of the week, following strong tech-led gains on Wall Street, while the Japanese yen continued to weaken sharply against major currencies despite a significant interest rate...

China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries

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Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization

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Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand

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Politics

NSW Parliament Recalled After Bondi Beach Shooting to Debate Stricter Gun Laws and Protest Limits

Australias New South Wales state parliament was recalled on Monday for an urgent two-day session to debate proposed new laws that would significantly tighten firearm ownership, ban the public display of terror symbols, and...

U.S. Coast Guard Pursues Sanctioned Oil Tanker Near Venezuela Amid Rising Geopolitical Tensions

The U.S. Coast Guard is actively pursuing a sanctioned oil tanker in international waters near Venezuela, according to U.S. officials cited by Reuters, marking what could become the third such operation in less than two...

Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift

Japan is approaching a pivotal moment in its post-Fukushima energy policy as the Niigata regional assembly is expected to endorse the restart of the Kashiwazaki-Kariwa nuclear power plant, the largest nuclear facility in...

Justice Department Restores Trump Photo in Epstein Files After Review Clears Image

The U.S. Department of Justice confirmed on Sunday that a photo involving President Donald Trump, which had briefly been removed from the cache of Jeffrey Epstein-related documents, was restored after an internal review...

U.S., Europe, Ukraine Hold Productive Florida Talks on Ending Russia-Ukraine War

Senior officials from the United States, Europe, and Ukraine concluded three days of high-level talks in Florida aimed at advancing efforts to end Russias war in Ukraine, with discussions centered on aligning positions and...

Science

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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

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

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

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

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

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

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...
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