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FxWirePro: Gold consolidates in narrow range , market eyes US NFP

Jun 07, 2019 06:27 am UTC| Technicals

Gold has once again declined after hitting high of $1340 and it is consolidating in narrow range. Markets eye US Non farm payroll data for further direction. US economy is expected to add 180k jobs compared to previous...

FxWirePro: AUD/CHF capped below 5-DMA, bias strongly bearish

Jun 07, 2019 06:15 am UTC| Technicals

AUD/CHF chart - Trading View AUD/CHF is trading 0.07% lower on the day at 0.6911 at 05:40 GMT. The pair has retraced break above 200-DMA and daily cloud, bias is strongly bearish. Price action is well below cloud...

FxWirePro: AUD/USD comatose around 5-DMA, focus on U.S. NFP report for direction

Jun 07, 2019 05:02 am UTC| Technicals

AUD/USD chart - Trading View AUD/USD trades in an extremely narrow range, hovers around 5-DMA at 0.6978. The major fails to benefit from increased odds of Fed rate cut bets and positive risk sentiment. Bulls...

FxWirePro: USD/JPY under pressure ahead of non-farm payrolls report, 'Bullish Divergence' keeps scope for upside

Jun 07, 2019 04:16 am UTC| Technicals

USD/JPY chart - Trading View USD/JPY comatose, trades in narrow ranges and markets cautious ahead of non-farm payrolls report. Data released overnight showed ADP private payrolls plunge to 27,000 in May after Aprils...

FxWirePro: Taiwanese dollar trades marginally lower against U.S. dollar, good to buy on dips

Jun 07, 2019 04:13 am UTC| Technicals

USD/TWD is currently trading around 31.36 marks. It made intraday high at 31.38 and low at 31.27 marks. Intraday bias remains bullish for the moment. A daily close above 31.26 will drag the parity up towards...

FxWirePro: Nikkei trades higher on US-Mexico trade optimism, good to buy on dips

Jun 07, 2019 03:53 am UTC| Technicals

Nikkei is trading higher for 3rd consecutive day and jumped more than 600 points .The main reason for recovery are Fed Chairman dovish comments rises chance of rate cut US-Mexico trade talks in...

FxWirePro: USD/THB remains well supported above 31.30 mark, consistent close below requires for downside rally

Jun 07, 2019 03:08 am UTC| Technicals

USD/THB is currently trading around 31.34 marks. It made intraday high at 31.36 and low at 31.29 marks. Intraday bias remains neutral till the time pair holds key support at 31.30 marks. On the top side, key...

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Economy

Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets

U.S. intelligence assessments now confirm that Iran has no intention of loosening its grip on the Strait of Hormuz anytime soon. Tehran views control over this critical oil corridor as its most powerful bargaining chip...

Vietnam GDP Growth Slows in Q1 2026 Amid Middle East Oil Crisis

Vietnams economy posted solid but slower growth in the first quarter of 2026, with GDP expanding 7.83% year-on-year, down from 8.46% in the previous quarter, according to the National Statistics Office. While the figure...

March 2025 Jobs Report: Strong Headline Numbers Hide Deeper Economic Concerns

The U.S. labor market showed resilience in March 2025, with employment growth rebounding sharply after a sluggish February and the unemployment rate dipping unexpectedly to 4.3%. However, beneath the encouraging surface,...

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

Politics

China's Anti-Corruption Purge Reaches New Heights as Politburo Shrinks to 25-Year Low

Chinese President Xi Jinpings sweeping anti-corruption campaign has claimed another senior casualty, with former Xinjiang party secretary Ma Xingrui now under formal investigation for alleged serious violations of party...

U.S. F-15E Shot Down Over Iran: One Crew Member Recovered Amid Escalating Conflict

A United States F-15E Strike Eagle fighter jet has been shot down over Iranian territory, marking the first confirmed incident of its kind since the start of the nearly five-week conflict between the U.S., Israel, and...

U.S.-Iran War Escalates: Downed Fighter Jet, Stalled Ceasefire Talks, and Ground Invasion Fears

Tensions between the United States and Iran have reached a dangerous new peak following the downing of a U.S. F-15E fighter jet over Iranian territory the first time Tehran has shot down an American aircraft since the...

Judge Blocks DOJ Subpoenas in Federal Reserve Investigation, Delaying Powell Succession

A federal judge in Washington, D.C. has once again ruled against the Justice Departments efforts to revive a criminal investigation targeting Federal Reserve Chair Jerome Powell, dealing another significant blow to what...

Congo in Talks With Trump Administration to Accept Third-Country Deportees

The Democratic Republic of Congo is reportedly in discussions with the Trump administration about accepting deportees from third countries individuals who are not Congolese nationals but were living in the United States...

Science

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

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...

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...

Technology

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...