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FxWirePro: GBP/CAD near-term outlook

May 02, 2018 11:33 am UTC| Technicals

GBP/CAD is extending weakness for 7th straight week, bias lower. Shrinking expectations of a rate hike by the BoE at the May meeting keep GBP subdued. While on the other side, the Canadian Dollar has gathered...

FxWirePro: WTI crude bulls edgy at 50% Fibos but consolidation phase intact on break-out above symmetric triangle – Trade strangle shorts and long hedge

May 02, 2018 11:31 am UTC| Technicals Insights & Views

Bears resume at $67.81 levels (near 21DMA) with a sharp shooting star. Consequently, price dips through 7DMAs (on the daily chart). Prior to which, on the contrary, bulls test support at range base but these bull swings...

FxWirePro: AUD/NZD extends sideways along 55-EMA support, break below to see weakness

May 02, 2018 11:13 am UTC| Technicals

AUD/NZD extends sideways grind, finds strong support at 55-EMA at 1.0684. AUD/NZD finds stiff resistance at daily cloud base and has also been capped at 61.8% Fib at 1.0721. Price action remains rangebound with...

FxWirePro: GBP/USD recovers slightly on better than expected Construction PMI, good to buy on dips

May 02, 2018 11:09 am UTC| Technicals

Cable has recovered almost 88 pips from the low of 1.35804 made today. The minor jump in Pound sterling was mainly due to positive economic data for UK. UK construction sector has shown a good rebound in the month of Apr....

FxWirePro: GBP/JPY downside capped by 200- day MA, good to buy on dips

May 02, 2018 10:45 am UTC| Technicals

GBP/JPY has shown a minor recovery of almost 100 pips from low of 149.14 and hits intraday high of 149.91. GBP was trading slightly higher after declining almost 786 pips on account of positive UK economic data. UK...

FxWirePro: AUD/CAD holds above 0.96 handle, break below major trendline at 0.9645 to see further weakness

May 02, 2018 10:40 am UTC| Technicals

AUD/CAD pauses downside at 0.96 handle, bias still bearish. Dovish RBA continues to weigh on the Aussie. Thursday will bring Trade Balance data for Australia at 01:30 GMT. The pair has broken below 200W SMA and...

FxWirePro: ETH/EUR bounces off 110-EMA, stay long above 575

May 02, 2018 10:26 am UTC| Technicals

ETH/EUR downside capped at 110-EMA, the pair has bounced off from lows at 520. The pair is trading with a bullish momentum and decisive close above 110-EMA has raised scope for test of 38.2% Fib at 621...

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Economy

Gold Prices Slip as Dollar Strengthens Amid U.S.-Iran Tensions and Rising Inflation

Gold prices declined on Monday as a strengthening U.S. dollar and persistent inflation concerns weighed heavily on the precious metal. Spot gold dropped 0.6% to $4,720.67 per ounce, while gold futures slid 0.9% to...

Iran War Fallout: How Sri Lanka, Pakistan, and Egypt Are Struggling With Rising Energy Costs

Sri Lankas tourism industry was hoping 2025 would finally mark a full recovery from years of economic hardship. Instead, the outbreak of war involving Iran sent oil prices surging 40%, forcing the government to raise fuel...

Italy's Bond Market Under Pressure as Middle East Conflict Exposes Economic Fragility

Italys financial vulnerabilities have come into sharp focus amid ongoing conflict in the Middle East, with surging energy costs and mounting political uncertainty weighing heavily on Italian government bonds. In March,...

Asia FX Slides as Dollar Surges Amid U.S.-Iran Tensions and Inflation Fears

Asian currencies broadly declined on Monday as the U.S. dollar attracted safe-haven demand following the collapse of U.S.-Iran peace negotiations and mounting concerns over a potential American blockade of Iranian ports....

Oil Prices Surge as U.S. Imposes Blockade on Iranian Shipping Amid Ongoing Middle East Tensions

Global financial markets were rattled Monday after the United States announced a blockade on Iranian shipping following the breakdown of weekend peace negotiations. The decision has renewed fears over Middle East energy...

Politics

U.S. Blockades Strait of Hormuz Amid Escalating Iran Tensions

The U.S. military has announced a blockade of the Strait of Hormuz effective Monday at 10 a.m. Eastern, targeting vessels traveling to or from Iranian ports and coastal areas. Ships not bound for Iran will be permitted to...

Poll: Israelis Split on Iran Ceasefire as Netanyahu's Approval Declines

A new national poll from Hebrew University of Jerusalem reveals that nearly two-thirds of Israelis oppose the Iran ceasefire brokered by Pakistan between the United States and Iran. The survey, the first conducted after...

U.S. Blockade of Iran Begins as Nuclear Talks Collapse in Islamabad

Tensions between the United States and Iran have sharply escalated after weekend diplomatic talks in Islamabad ended without an agreement, prompting Washington to announce a full naval blockade of Iranian ports and coastal...

U.S., Australia, and Philippines Conduct Joint South China Sea Military Drills Amid Rising Tensions With China

The United States, Australia, and the Philippines wrapped up their second trilateral maritime exercises of 2025 in the South China Sea, reinforcing their collective commitment to freedom of navigation and regional security...

South Korea and Poland Forge Comprehensive Strategic Partnership Centered on Defence

South Korean President Lee Jae-myung and Polish Prime Minister Donald Tusk formally elevated bilateral ties to a comprehensive strategic partnership on Monday, placing defence cooperation at the heart of the upgraded...

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

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

AI Deradicalization Tools: How Chatbots Could Help Combat Violent Extremism Online

As artificial intelligence platforms become more deeply embedded in daily life, concerns about their role in enabling dangerous behavior continue to grow. A New Zealand startup is now developing a groundbreaking tool that...

Meta Is Building an AI Version of Mark Zuckerberg to Interact With Employees

Meta Platforms is reportedly developing a photorealistic artificial intelligence version of its CEO, Mark Zuckerberg, designed to engage directly with employees on his behalf. According to the Financial Times, which cited...

TSMC Posts Record Q1 2026 Profits Driven by Surging AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) is on track to deliver its fourth straight quarter of record-breaking earnings, with analysts forecasting a 50% jump in net profit for the first quarter of 2026. The surge is...

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...