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FxWirePro: Spotlight on Banxico – Technicals and Options Markets Still Signal Vulnerable Mexican Peso

May 16, 2019 14:27 pm UTC| Research & Analysis Central Banks Technicals

The Mexican central bank (Banxico) should again leave its key rate unchanged at 8.25% at tonights meeting. Due to weak growth and lower inflation rates, some expect Banxico to cut interest rates this year. But it is much...

FxWirePro: AUD/CAD breaks strong trendline support at 0.9340, bias lower

May 16, 2019 13:24 pm UTC| Technicals

AUD/CAD chart - Trading View AUD/CAD has broken strong trendline support at 0.9340, bias lower. Near-term trend in the pair has shown a shift as indicated by GMMA indicator. Recovery attempts capped at...

DAX breaks minor trend line resistance, jump till 12350 likely

May 16, 2019 13:22 pm UTC| Technicals

DAX has halted its 10 day of weakness and shown a more than 3% jump from low of 11839. The weakness was mainly due to renewed trade tension between US and China. US President Trump has delayed auto tariff on European car...

Crypto Technicals: Bitcoin Gold consolidates below 61.8% Fib, 'Golden Cross' keeps bias bullish

May 16, 2019 11:34 am UTC| Digital Currency Technicals

BTG/USD chart - Trading View Exchange - Binance Support: 17.6586 (50-DMA); Resistance: 25.7401 (61.8% Fib) Technical Analysis: Bias Bullish Bitcoin Gold trades 3.5% lower at 23.5393 at 11:20 GMT The pair has...

USDCAD declines on steel and aluminium tariff news, markets eye Canadian manufacturing sales

May 16, 2019 11:04 am UTC| Technicals

USDCAD trades lower and lost nearly 90 pips from high 1.34935 on account of easing trade tension. US Treasury Secretary Mnuchin said that US and Canada trade official is in talks to resolve steel and aluminium tariff....

Crypto Technicals: ETH/USD edges lower from 8-month highs, potential 'Shooting Star' keeps scope for weakness

May 16, 2019 10:59 am UTC| Digital Currency Technicals

ETH/USD chart - Trading View Exchange - Coinbase Support: 220 (5-DMA) ; Resistance: 300 Technical Analysis: Bias Bullish ETH/USD is trading largely unchanged at 248 at 10:45 GMT The pair has edged lower from...

FxWirePro: Buy EURUSD above 1.12250

May 16, 2019 10:14 am UTC| Technicals

EURUSD trades slightly above 1.1200 level on account weak US retails sales and delay in auto tariff on European cars. President Trump has said that US will delay auto tariff on European car imported by 6 month.It hits high...

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Economy

China's Services Sector Maintains Growth Streak Despite March Slowdown

Chinas services industry continued to expand in March, though at a notably slower pace, as weakening demand and ongoing workforce reductions tempered activity across the sector. According to the latest RatingDog Services...

U.S. Stock Futures Stabilize Ahead of Good Friday as Investors Eye Jobs Report

U.S. stock index futures held steady Thursday evening as markets entered a cautious holding pattern before the Good Friday holiday closure, with traders weighing Middle East tensions and positioning ahead of a critical...

Gold Prices Drop as Trump Escalates Iran Threats, Oil Surges

Gold prices retreated Thursday, breaking a multi-day winning streak after President Donald Trump signaled an intensified military campaign against Iran over the coming weeks. The remarks rattled investors who had grown...

U.S. Dollar Climbs as Trump Escalates Rhetoric Against Iran

The U.S. dollar strengthened Thursday, drawing support from its safe-haven status after President Donald Trump signaled a significant escalation in military operations against Iran. The U.S. Dollar Index climbed 0.4% to...

Japan's Services Sector Growth Slows in March Amid Rising Middle East Tensions

Japans services sector expanded for the 12th consecutive month in March, though growth momentum weakened as escalating Middle East conflict weighed heavily on business sentiment. The SP Global Japan Services PMI dipped to...

Politics

U.S. Strikes on Iran Draw War Crimes Warnings from International Law Scholars

More than 100 international law experts from leading American universities, including Harvard, Yale, Stanford, and the University of California, have signed an open letter warning that U.S. military strikes on Iran may...

UN Confirms Sexual Exploitation Allegations Against Haiti Security Force Members

A United Nations report has confirmed that four allegations of sexual exploitation and abuse committed by members of a UN-backed security force operating in Haiti were substantiated following formal investigations. The...

Zelenskyy Offers Ukraine's Naval Drone Expertise to Secure the Strait of Hormuz

Ukrainian President Volodymyr Zelenskyy has stepped onto the global maritime security stage, offering Ukraines proven naval defense capabilities to countries working to safeguard freedom of navigation through the Strait of...

Russia Unleashes Drone Barrage on Kharkiv, Injuring Child Among Victims

Russian forces launched a sustained drone offensive against Kharkiv, Ukraines second-largest city, throughout Thursday, leaving at least two people injured, including an eight-year-old girl. Local officials confirmed the...

Trump Administration Shakeup: Kash Patel, Daniel Driscoll, and Lori Chavez-DeRemer May Exit Cabinet

Reports surfaced Thursday suggesting that several high-profile figures within the Trump administration could soon be on their way out. According to The Atlantic, citing individuals familiar with internal White House...

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

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...

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

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...

Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman

Annie Altman has filed an amended civil lawsuit against her brother, OpenAI CEO Sam Altman, accusing him of sexually abusing her over a span of nearly a decade. The amended complaint was submitted Wednesday in St. Louis...

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...

Apple Turns 50: From Garage Startup to AI Crossroads

In early 1976, engineer Steve Wozniak finished designing a computer circuit board he planned to share with fellow hobbyists at a local California tech club. His friend Steve Jobs recognized a commercial opportunity, and...
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