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FxWirePro: USD/NOK breaks below 200-DMA, outlook remains bearish

Jun 03, 2020 10:27 am UTC| Technicals

The Norwegian Krone surged to a near 3-month peak following the release of better-than-expected current account figures. Norways current account surplus rose to NOK 66.08 billion in the first quarter of 2020 from NOK...

FxWirePro: EURUSD trades above 1.1200 levels, good to buy on dips

Jun 03, 2020 09:40 am UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen- 1.10333 Kijun-Sen- 1.09814 EURUSD is trading well above 1.1200, the highest level since Mar 17th, 2020. The reopening of economies after lockdown and hopes...

FxWirePro: USD/DKK slumps to its lowest since March 12, dip till 6.6302 likely

Jun 03, 2020 08:59 am UTC| Technicals

The Danish Krone advanced to a near 3-month peak as the greenback plunged across the board. The dollar index continues to decline as U.S. demonstrators, angered over the recent death of an African-American man, George...

FxWirePro: Buy GBPJPY on dips

Jun 03, 2020 08:12 am UTC| Technicals

Ichimoku Analysis (Daily chart) Tenken-Sen- 133.59 Kijun-Sen- 132.90 GBPJPY continues to trade higher for 4th consecutive days and shown a massive surge of more than 500 pips on weak yen. The pair has...

FxWirePro: AUD/JPY bulls take a breather at 110W EMA, bullish bias intact for now

Jun 03, 2020 07:44 am UTC| Technicals

AUD/JPY chart - Trading View AUD/JPY is extending upside for the 5th straight session and has gained a massive 4.86% for the week. Price action is extending break above 200-DMA and has taken out 88.6% Fib at...

FxWirePro: AUD/USD tests 'Channel Top' resistance at 0.6980, overbought oscillators warrant some caution

Jun 03, 2020 06:25 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD is extending gains for the 5th straight session, bias remains strongly bullish. The major extends upside in Rising Channel pattern and is currently testing channel top resistance...

FxWirePro: AUD/USD edges lower from fresh 4-month high, Australia GDP contacts 0.3 percent Q/Q

Jun 03, 2020 06:01 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD has slipped slightly lower from session highs at 0.6982 and was trading at 0.6932 at around 04:20 GMT. RBA maintains Official Cash Rate at 0.25% and gave an optimistic outlook and...

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Economy

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher

Marchs Consumer Price Index is expected to post its sharpest monthly increase in nearly four years, driven by skyrocketing oil prices tied to the U.S.-Iran conflict and the ongoing ripple effects of import tariffs. The...

Asian Stocks Rally on Ceasefire Hopes and Bargain Buying

Asian equity markets climbed higher on Friday, driven by cautious optimism surrounding ceasefire negotiations between Iran and the United States. Regional benchmarks were also on track to close out the week with strong...

White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets

The White House issued an internal warning to staff on March 24, cautioning employees against exploiting their government positions to gain an unfair advantage in financial futures markets. The directive came just one day...

U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets

U.S. stock index futures edged slightly lower Thursday evening as investors exercised caution ahead of high-stakes ceasefire negotiations between Washington and Tehran, while bracing for a closely watched inflation report....

Politics

Global Elections 2026: What Investors and Markets Are Watching

Political uncertainty is sweeping the globe in 2026, with a series of high-stakes elections poised to reshape economic policies and rattle financial markets. From Eastern Europe to South America, investors are keeping a...

Xi Jinping and KMT's Cheng Li-wun Meet in Beijing Amid Cross-Strait Tensions

Chinese President Xi Jinping met with Kuomintang (KMT) Chairwoman Cheng Li-wun in Beijing on Friday, emphasizing that people on both sides of the Taiwan Strait share a common Chinese identity and that the future of...

Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict

Airline pilots expressing safety concerns about flying through Middle Eastern airspace are reportedly facing threats of lost wages or termination if they decline assignments, according to Ron Hay, president of the...

Iran Denies Negotiating Team Traveled to Pakistan for U.S. Talks Amid Ceasefire Uncertainty

Iran has firmly rejected reports suggesting that a diplomatic delegation traveled to Islamabad to engage in negotiations with the United States, calling the claims entirely false. The denial was issued through state-linked...

U.S.-Iran Ceasefire Under Pressure Ahead of Pakistan Peace Talks

A fragile two-week ceasefire between the United States and Iran is showing serious cracks just one day before scheduled peace negotiations in Pakistan. Washington has accused Tehran of violating commitments related to the...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...
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