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EUR/USD Trade Idea

Jan 11, 2016 09:48 am UTC| Technicals

Major resistance - 1.09500 (trend line joining 1.10596 and 1.109925) EUR/USD has made a low of 1.0710 previous week and started to recover from that level. It is currently trading around 1.0920. Euro is expected...

FxWirePro: USD/RUB hits year high on weak oil price, good to buy at dips

Jan 11, 2016 09:31 am UTC| Technicals

USD/RUB has reached year high around 76.47 and slightly retreats from that level. Russian ruble lost 40% of its value last year and now 25% down compared to year ago. The decline in the price of ruble is mainly due...

Major European Indices Technicals

Jan 11, 2016 09:16 am UTC| Technicals

DAX: DAX has made a temporary bottom around 9808 and started to recover from that level. It is currently trading around 99204. The minor resistance is around 10050 and any break above 10050 will take the DAX to...

USD/ZAR hits yearly high at 16.3180

Jan 11, 2016 09:08 am UTC| Technicals

Pair hit yearly high at 16.3180 in Asian hours and currently trading at 16.5764 levels. The U.S. dollar surged as much as 10.3 percent at one stage to reach 17.9950 rand and was last quoted at 17.2500, a huge move...

FxWirePro: Silver faces strong resistance around $14.40, good to sell on rallies

Jan 11, 2016 08:35 am UTC| Technicals

Major resistance - $14.40 The commodity jumped till $14.36 and declined till $3.96. It is currently trading at $14. Short term trend is still weak as long as resistance $14.40 holds. Any break above $14.40 will...

FxWirePro: EUR/AUD retreats from 1.5829 highs, momentum tilts towards bears

Jan 11, 2016 07:54 am UTC| Technicals

Broad weakness was seen across the Antipodeans after re-emergence of China concerns weighed on commodity prices and Asian equity markets. EUR/AUD cross takes out 61.8 % Fib of 1.6585 to 1.4347 fall at 1.5730, hits...

FxWirePro: EUR/GBP slips from multi-month highs, watch for close below 0.7465 for further weakness

Jan 11, 2016 07:29 am UTC| Technicals

A powerful bounce in EUR/GBP see the pair test 0.7554, levels last seen in February 2015. But rejection was seen at highs, Gravestone Doji formation seen into European session, selling pressure at highs has brought...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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Politics

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

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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

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

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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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