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FxWirePro: Buy GBP/JPY at dips around 182.25-30 with SL around 181.40 for the TP of 184/184.40

Sep 29, 2015 08:57 am UTC| Technicals

GBP/JPY has broken trend line resistance 182.25 and this confirms short term bullishness , a jump till 184.40 cannot be ruled out. Short term weakness can be seen only below 181.40 and break below targets...

FxWirePro: EUR/GBP rally stalls at 0.7436, good to go short

Sep 29, 2015 07:33 am UTC| Technicals

EUR/GBP rallied to 0.7435 on GBP weakness, last time cross traded at these levels was May Daily slow stochs are now closing in on overbought levels which could limit further gains EUR/GBP is currently trading at 0.7415 ,...

FxWirePro: EUR/USD forms bearish BAT pattern, good to sell on rallies

Sep 29, 2015 07:21 am UTC| Technicals

Harmonic Pattern formed: Bearish BAT Pattern Potential reversal Zone (PRZ)- 1.12750 EUR/USD has made a high of 1.12812 today and is currently trading at 1.12680 level. Overall trend is still weak as long as resistance...

FxWirePro: USD/JPY weakness likely to extend into the European session

Sep 29, 2015 06:51 am UTC| Technicals

USD/JPY knocked-off to fresh session lows ahead of Europe open, as more JPY bought back on major risk averse markets USD/JPY weakness likely to extend into the European session, cloud has thinned out, making the upside...

FxWirePro: USD/INR trades weaker after RBI rate cut, good to sell on rallies

Sep 29, 2015 06:44 am UTC| Technicals

USD/INR has made a high of 66.45 today morning and retreated from that level after RBI cuts repo rate by 50 bpbs in RBI policy meeting today. RBI cut repo rate by 50bpbs to 6.75% and kept the Cash reserve ratio (CRR)...

FxWirePro: NZD/JPY put ladder on extended bear trend

Sep 29, 2015 06:30 am UTC| Technicals

On daily charts moving averages are signifying some stress which could push the prices downwards in short term. While weekly and monthly both leading and lagging indicators to chase these slumps. We think this pair is...

FxWirePro: USD/JPY faces strong support at 119.20, good to buy at dips

Sep 29, 2015 05:58 am UTC| Technicals

USD/JPY has broken minor channel support 12005 and declined till 119.37. It is currently trading at 119.44. The pairs major trend line support is around 119.20 and any break below will target 118.60. On the...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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

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Politics

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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

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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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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

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....