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NZD/CAD breaks below ichimoku cloud, decline till 0.9000/0.8800 is possible

Feb 01, 2016 08:10 am UTC| Technicals

Major Support -0.9050 (Ichimoku Cloud) Major resistance - 0.9150 (55 day EMA) NZD/CAD has broken major support 0.9050 and declined till 0.9037. It is currently trading around 0.9070. Short term trend is...

FxWirePro: AUD/CAD holds trendline support, good to go long on dips around 0.99

Feb 01, 2016 07:44 am UTC| Technicals

AUD/CAD extends higher after taking support by trendline at 0.9860, we see scope for further gains. Price action is above the daily cloud and 200-DMA, cloud top at 0.9874 also offers strong supports on the...

DAX faces strong resistance around 9860, break above targets 10165/10300

Feb 01, 2016 07:24 am UTC| Technicals

Major resistance - 9860 (trend line joining 10164 and 9925) The index has recovered till 9840 after making a low of 9591(28th Jan 29th 2016). It is currently trading at 9833. DAX is facing strong resistance...

FxWirePro: AUD/NZD consolidating break above triangle-top, weakness only below 200-DMA at 1.0902

Feb 01, 2016 07:15 am UTC| Technicals

AUDNZD is consolidating breakout above triangle top, bulls struggling to extend gains higher. The pair is holding above 200-DMA currently at 1.0902, any weakness will be seen only on breaks below. Rising hopes...

FX Hedging Strategy Series

FxWirePro: EUR/JPY risk reversals indicate downside risks in next 1 month – shorts in PRBS fetch certain yields, long’s functionality underway

Feb 01, 2016 07:04 am UTC| Technicals

The steady surge in negative delta risk reversal would mean the OTC FX gushes towards downside risk, subsequently, puts are relatively costlier than calls as bearish momentum intensified in a long run. While IVs are...

FxWirePro: Gold faces strong support at $1100, good to buy at dips

Feb 01, 2016 06:42 am UTC| Technicals

Major resistance -$1131 (200 day MA) Major support - $1100 (20 day MA) Gold has declined till $1108 after making a high of $1127. It is currently trading around $1120. Short term trend is slightly bullish as...

USD/JPY Intraday outlook

Feb 01, 2016 06:19 am UTC| Technicals

Minor correction is expected in JPY below 121.68 marks. In long run USD/JPY remains mildly on the upside for 123.74 resistance levels. On the down side support levels are seen around 120.43, 119.18 and 1127.27...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

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Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

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Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

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New York Legalizes Medical Aid in Dying for Terminally Ill Patients

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Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

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

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Trump Allows Commercial Fishing in Protected New England Waters

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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

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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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