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FxWirePro: Time for AUD/USD long liquidation as momentary upswing exhausts at stiff resistance, uphold short hedges on double top extension

May 29, 2019 06:27 am UTC| Technicals

Technical chart and candlestick patterns:In the minor trend, the prevailing upswings ofAUDUSDseem momentary as the failure swings were observed at 0.6935 levelwhich has been acted as the stiff resistance. The pair has...

FxWirePro: USD/CNY rejects key support at 6.8979 mark, PBOC sets yuan mid-point at 6.8973

May 29, 2019 06:25 am UTC| Technicals

USD/CNY is currently trading around 6.9123 marks. It made intraday high at 6.9074 and low at 6.9077 levels. Intraday bias remains bullish till the time pair holds key support at 6.8979 mark. A sustained...

FxWirePro: Gold Daily Outlook

May 29, 2019 06:22 am UTC| Technicals

US Dollar Index -Trend Neutral.US Dollar index has halted its 2 days of losing streak and jumped nearly 40 pips from low of 97.55. Any break below 97.36 confirms further weakness and a decline till 97 possible. US...

FxWirePro: NZD/CAD extends range trade at 21-EMA resistance, scope for resumption of weakness

May 29, 2019 05:31 am UTC| Technicals

NZD/CAD chart - Trading View NZD/CAD trades slightly lower on the day at 0.8822 at 05:20 GMT. The pair has paused upside at stiff resistance at 21-EMA (currently at 0.8833). Break above 21-EMA required for further...

FxWirePro: Indian rupee falls gradually against U.S. dollar, good to buy on dips

May 29, 2019 05:07 am UTC| Technicals

USD/INR is currently trading around 69.72 marks. It made intraday high at 69.82 and low at 69.62 marks. Intraday bias remains bullish for the moment. Key resistances are seen at 69.85, 70.20, 70.52, 70.85,...

FxWirePro: AUD/NZD holds cloud support, eyes 200-DMA at 1.0630

May 29, 2019 04:58 am UTC| Technicals

AUD/NZD chart - Trading View AUD/NZD is extending sideways grind, trades 0.06% higher on the day at 1.0586 at 04:30 GMT. The pair is holding support at daily cloud, we see weakness only on break below. Technical...

FxWirePro: EUR/JPY hovers around 61.8% Fib, bias bearish

May 29, 2019 04:12 am UTC| Technicals

EUR/JPY chart - Trading View EUR/JPY is extending weakness for the 4th straight week, bias bearish. Ongoing Sino-U.S. trade conflict, uncertainty surrounding Brexit and the potential implications of the European...

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Economy

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...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty

The U.S. labor market is expected to post modest gains in March, recovering from Februarys sharp drop of 92,000 jobs, but persistent headwinds are keeping economists cautious. A Reuters poll forecasts nonfarm payrolls...

Politics

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...

Russia's Easter Strikes Kill Multiple Civilians Across Ukraine

In a significant escalation of its ongoing war against Ukraine, Russia launched a massive daytime strike on Friday, killing at least six people across multiple regions, including Kyiv, Zhytomyr, Donetsk, and Kharkiv....

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

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...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency