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FxWirePro: CAD/JPY struggles break above 93.25, good to buy at dips

Nov 19, 2015 12:25 pm UTC| Technicals

CAD/JPY has once again made a high of 93.07 and declined till 92.82 at the time of writing. It is facing strong resistance around 93.25 (Oct 9th high). Short term trend reversal only above 93.25. The pairs major...

EUR/NZD Trade Idea

Nov 19, 2015 11:58 am UTC| Technicals

Break out level- 1.6375 (trend line joining 1.6213 and 1.6320) The pair has broken a major support 1.6375 and declined till 1.63469. It is currently trading at 1.63580. Any break below trend line support confirms short...

USD/JPY- Watch out for 122.80 for further weakness

Nov 19, 2015 11:37 am UTC| Technicals

USD/JPY has made a high of 123.75 and declined from that level. It is currently trading around 123.10. Overall trend is neutral and any break below 122.80 confirms slight weakness, decline till 122 is possible. On the...

FxWirePro: GBP/USD trades weaker after retail sales, sell on rallies

Nov 19, 2015 09:52 am UTC| Technicals

GBP/USD has broken 1.5250 after release of weaker than expected UK retail sales. UK Oct Retail sales decreased to -0.6% m/m compared to forecast of 0.5% Vs 1.9% in Sep and core retail sales declined to -0.9%. Decrease in...

Chart Breakout: EUR/NZD breaks 1.6375, sell on rallies

Nov 19, 2015 09:01 am UTC| Technicals

Break out level- 1.6375 (trend line joining 1.6213 and 1.6320) The pair has broken a major support 1.6375 and declined till 1.63469. It is currently trading at 1.63580. Any break below trend line support confirms short...

FX Hedging Strategy Series

FxWirePro: Dont be a scapegoat by choosing USD/JPY overpriced calls – arbitrage serves as an alternative

Nov 19, 2015 08:32 am UTC| Technicals

The implied volatility of ATM contracts for near month expiries of this the pair has been inching higher from 8.5% for 1w expiry to 9.5% for 1m expiry. NPV of 1w ATM call is 46032.85 while premiums trading above 20.33%...

FxWirePro: Daily Currency Strength Index

Nov 19, 2015 08:06 am UTC| Technicals

AUD- Strong currencyCHF,%,JPY-0.23%- Weak...

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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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U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

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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

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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

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

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...

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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