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FxWirePro:EUR/NZD capped by the 38.2% fibonacci, good to sell on rallies

May 22, 2020 17:58 pm UTC| Technicals

EUR/NZD gained some ground on Friday as further straining of U.S.-China ties drove the cross pair higher. The pair hit daily high at 1.7936 and was last trading at 1.7894 at (GMT 17:51). . Technical favours bears,...

Major Pair levels and bias summary

May 22, 2020 16:57 pm UTC| Technicals

FxWirePro: Major Pair levels and bias...

FxWirePro: EURUSD Daily Outlook

May 22, 2020 16:47 pm UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen- 1.08917 Kijun-Sen- 1.08832 EURUSD continues to trade lower after hitting a high of 1.0085 yesterday. The renewed US-China trade tension especially Honk Kong...

FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption

May 22, 2020 15:13 pm UTC| Technicals

EUR/AUD flirted with 21 DMA resistance on Friday then slipped a little towards 1.6700 level. Technical signals further drop. In coming sessions the pair is set to drop towards 1.6555.A break and daily close below...

FxWirePro: Daily Commodity Tracker - 22nd May, 2020

May 22, 2020 12:09 pm UTC| Technicals

Daily Commodity Tracker WTI (US OIL): Daily trend - Neutral Previous Week High/Low: 29.79/ 24.81 Previous Day High/Low: 34.64/ 33.28 GOLD (XAU/USD): Daily trend - Turning Bearish Previous Week...

FxWirePro: FTSE100 downside capped by Kijun-Sen, jump till 6100 likely

May 22, 2020 11:57 am UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen- 5892 Kijun-Sen- 5899 FTSE100 upward got exhausted yesterday and lost more than 200 pips from high of 6098. The global stock market sell-off due to weak US...

FxWirePro: USD/SEK rebounds from 2-1/2 month low, likely to break above 9.7000

May 22, 2020 11:55 am UTC| Technicals

The Swedish Krona declined as the dollar edged higher against a basket of peers as investors weighed the impact of the global economic lockdown. On Thursday, the pair fell a 2-1/2 -month low but retraced to close 0.4...

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Economy

However, overall exports dipped 1.4 percent in the first quarter.

South Koreas exports of eight new-industry goods in the first-quarter jumped 17 percent from the previous year to $21 billion despite a drop in overall exports. The goods include aviation products and drones, biohealth...

The rise in inequality is attributed to the shrinking wages of low-income households, and a cut down in temporary positions

The income disparity between the top 20 percent and bottom 20 percent of households widened with many of the countrys low-paying jobs being slashed due to the COVID-19 pandemic. The average monthly income of households...

The Senators urged the US to counter such predatory economic behavior urgently.

Seven US senators have urged Treasury Secretary Steven Mnuchin to prevent Chinese companies from buying strategic US assets that have been devalued by the coronavirus pandemic. The lawmakers said in a letter to Mnuchin...

The steel industry has been hit hard by the pandemic with exports plunging 24.1 percent

South Korea will cushion the steel industrys fallout caused by weak demand by fast-tracking infrastructure projects and spending over 400 billion won on research and development. According to Industry Minister Sung...

G-20 members agreed to "facilitate the resumption of essential cross-border travel"

South Korea has adopted an action plan with other members of the Group of 20 to maintain the global supply chains and refraining from implementing new trade barriers. During a virtual meeting attended by South Korean...

Politics

Ivanka Trump criticized for ‘insensitive’ on comment Indian teenager who carried her father for 1,200 km on a bicycle

President Donald Trumps daughter and senior White House adviser Ivanka Trump praised a 15-year-old Indian girls journey of more than a thousand kilometers while carrying her father at the back of her bicycle to seek...

Donald Trump calls Jeff Sessions ‘slime’ in their weekend Twitter battle

Donald Trump attacked his former attorney general Jeff Sessions on social media expressing his anger at the latters recusal from the Russian probe. However, Sessions fought back, not only defending his decision to recuse...

Joe Biden says Donald Trump’s ‘slowness’ in handling the coronavirus is costing lives and jobs

Former Vice President Joe Biden criticized President Donald Trumps as slow and inadequate. In a recent interview, Biden blames the current administrations inadequate handling of the crisis as the reason why it might take...

Donald Trump says houses of worship ‘essential’ as CDC issues guidelines for their reopening

President Donald Trump wants states to reopen religious institutions for services. On Friday, the POTUS announced that houses of worship are essential and are calling to on governors to allow them to reopen for...

Michigan Attorney General tells President Donald Trump not to revisit the state if he refuses to wear a face mask

In light of the pandemic that continues to claim more and more lives in the United States, many Americans remain keen on continuing the practice of social distancing including the use of face masks. Michigans attorney...

Science

Secret underground rooms found under Western wall in Jerusalem

Discoveries made in Israel usually tend to provide a glimpse back into what may have happened thousands of years ago. A group of archaeologists in Israel discovered secret rooms hidden underneath the western wall in...

NASA: Scientists find mysterious red lines on Jupiter's moon Europa

NASA has set its sights on one of Jupiters moons, Europa, alongside the moon and Mars. The agencys scientists found some unusual red lines on the icy moon, which could suggest that life may be able to exist on the gas...

Scientists discover hidden text on a fragment of Dead Sea scrolls

The Dead Sea Scrolls have shed some light on some of the worlds religions and have given archaeologists a glimpse of the past. Recently, a group of researchers made a surprising discovery on one supposedly blank fragment...

High-energy particles found in Antarctica may be proof of a parallel universe, says scientists

For the most part, the concept of having an alternate universe only exists in the realm of pop culture. However, as scientists have explored this possibility, a group of researchers has said that the high-energy particles...

Technology

The Elder Scrolls 6: Reason why fans shouldn’t expect to get their hands on the game anytime soon

Fans of the franchise have been waiting for The Elder Scrolls 6 for years. While Bethesda already assured that it is in the works, gamers arent likely to get their hands on the title soon. The Elder Scrolls 6 is in the...

‘PUBG Mobile’ is very likely to get a new map in next patch

After the release of the PUBG Mobile v0.18.0 patch notes, Tencents plan of overhauling classic maps became more evident. It now appears that the developers have another major update brewing that could, once again, feature...

GoPro surprises fans with the launch of Zeus Mini flashlight

While avid fans of GoPro are wondering when they might hear about the next action camera from the company, it surprised everyone with the sudden launch of the Zeus Mini clip light. It is the newest product to be added to...

Nintendo Switch: Easy way to find an available console without stepping outside

Most people may not have expected it, but Nintendo Switch became one of the in-demand products as most placed went into community quarantines and lockdowns amid the COVID-19 pandemic. This issue got a little out of hand,...

Poco M2 Pro appears in WiFi, Bluetooth documents but it could just be another Redmi rebrand

Xiaomis sub-brand Poco was silent throughout 2019, but that seems to change this year as a third smartphone could be released under this label. A device suspected could be released as Poco M2 Pro appeared in several device...
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