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FxWirePro: USD/JPY struggles to extend overnight gains, concerns of a potential recession weigh

Dec 16, 2022 10:07 am UTC| Technicals

Chart - Courtesy Trading View Spot Analysis: USD/JPY was trading 0.53% lower on the day at 137.06 at around 09:20 GMT. Previous Weeks High/ Low: 137.85/ 134.12 Previous Sessions High/ Low: 138.17/...

FxWirePro- USDCHF Daily Outlook

Dec 16, 2022 09:57 am UTC| Technicals

USDCHF showed a minor pullback after the SNB rate hike. The central bank increased rates by 50 bpbs to 1% in line with the estimate. Swiss inflation surged to 3% in Nov, much below the Eurozone CPI of 10%. Markets...

FxWirePro- GBPJPY Daily Outlook

Dec 16, 2022 08:47 am UTC| Technicals

GBPJPY pared some of its gains after BOE monetary policy. It hits an intraday low of 167.37 and is currently trading around 167.58. GBPUSD- Trend- Bearish The cable pared some gains after BOEs dovish rate...

FxWirePro: EUR/JPY breaks out of daily cloud, ECB's hawkish guidance bolsters bullish bias

Dec 16, 2022 06:11 am UTC| Technicals

Chart - Courtesy Trading View EUR/JPY was trading 0.24% lower on the day at 146.06 at around 05:00 GMT, pares some if the previous sessions gains. The pair, overnight, spiked past cloud top which was capping upside...

FxWirePro- Gold Daily Outlook

Dec 16, 2022 06:09 am UTC| Technicals

Ichimoku Analysis (4-Hour chart) Tenken-Sen- $1793.98 Kijun-Sen- $1799.17 Gold trades weak despite the weak US dollar. European central bank hiked rates by 50 bpbs in line with expectations. Eurosystem...

FxWirePro: EUR/GBP consolidates previous session's whopping gains, BoE-ECB policy divergence to fuel gains

Dec 16, 2022 04:55 am UTC| Technicals

Chart - Courtesy Trading View EUR/GBP closed a whopping 1.51% higher on Tuesday after BoE and ECB policy announcements triggered strong buying interest. The ECB announced a 50 bps rate hike as widely expected, but...

FxWirePro: EUR/NZD vaults higher on hawkish ECB, bulls in control

Dec 15, 2022 22:59 pm UTC| Technicals

EUR/NZD rose sharply on Thursday after ECB raised rates as expected, signalled interest rate hike. The European Central Bank raised interest rates by half a percentage point and kept further hikes firmly on the table to...

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Economy

UK House Prices Record First Monthly Decline Since December as Iran Conflict Dampens Market Confidence

Britains housing market experienced its first monthly decline in house prices since December, with values falling by 0.6% in May 2026 as economic uncertainty linked to the Iran conflict weakened buyer demand, according to...

German Retail Sales Decline Less Than Expected in April 2026

Germanys retail sales recorded a smaller-than-expected decline in April 2026, offering a mixed signal about consumer spending in Europes largest economy. According to data released on Monday by the Federal Statistical...

India Manufacturing Growth Accelerates in May Despite Rising Costs

Indias manufacturing sector recorded its strongest growth in three months during May, supported by robust demand and a rise in new orders, according to the latest HSBC India Manufacturing Purchasing Managers Index (PMI)...

Asian Currencies Hold Steady as U.S. Dollar Gains on Inflation and Middle East Concerns

Asian currencies traded within narrow ranges on Monday as investors closely monitored ongoing geopolitical tensions in the Middle East and rising inflation risks that could keep U.S. interest rates higher for longer. The...

Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions

Former U.S. Federal Reserve Chair Jerome Powell has issued a strong warning about the dangers of political interference in the Federal Reserve, while urging Americans to protect key democratic institutions. Powell made the...

Politics

Colombia Presidential Runoff Set as Abelardo De La Espriella Leads Ivan Cepeda in First Round

Colombia is heading toward a highly anticipated presidential runoff election after right-wing outsider Abelardo De La Espriella secured a narrow lead over leftist candidate Ivan Cepeda in the first round of voting....

US-Iran Tensions Escalate as New Strikes Threaten Ceasefire and Impact Global Oil Markets

The conflict between the United States and Iran intensified over the weekend as both sides exchanged fresh military strikes, raising concerns about the stability of the fragile ceasefire and the broader economic impact of...

Trump Says Iran Wants U.S. Deal as Tensions Continue Amid Ongoing Conflict

U.S. President Donald Trump said Monday that Iran is eager to reach an agreement with the United States, expressing confidence that a potential deal would benefit both Washington and its allies despite ongoing military...

US Tightens AI Chip Export Rules, Impacting Nvidia and AMD Sales to Chinese Firms

The U.S. Department of Commerce has introduced new restrictions aimed at closing a potential loophole in the export of advanced artificial intelligence chips to Chinese companies. The move is expected to affect major...

U.S. Launches Strikes on Iranian Drone and Radar Facilities Following MQ-1 Drone Incident

The United States military carried out targeted strikes on Iranian radar installations and drone command-and-control facilities located in Goruk and Qeshm Island over the weekend, according to a statement released by U.S....

Science

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Morgan Stanley Upgrades Winbond and Nanya to Overweight on Strong Memory Chip Market Outlook

Morgan Stanley has upgraded two major Greater China semiconductor stocks, Winbond Electronics Corp. and Nanya Technology Corp., from Equal-weight to Overweight, citing strengthening memory chip prices and expanding growth...

SoftBank Becomes Japan’s Most Valuable Company as AI-Fueled Rally Drives Shares to Record High

SoftBank Group Corp. (TYO: 9984) surged to a record high on Monday, driven by growing investor confidence in the artificial intelligence sector and the companys expanding exposure to AI-related technologies. The Japanese...

Nvidia Unveils RTX Spark AI PC Chips, Expands Challenge to Intel, AMD, and Apple

Nvidia has officially entered the Windows PC processor market with the launch of its new RTX Spark platform, unveiled by CEO Jensen Huang during his keynote presentation at COMPUTEX in Taiwan. The announcement marks a...

LG Electronics Stock Hits Record High on Nvidia AI Partnership Speculation

LG Electronics shares soared to a record high on Monday as investors reacted to growing speculation about a potential expansion of the companys artificial intelligence and robotics partnership with Nvidia. The South Korean...

Nvidia and Microsoft to Launch AI-Powered Windows PCs at Computex 2026

Nvidia and Microsoft are reportedly preparing to introduce a new generation of Windows PCs powered by Nvidia-designed processors, marking a significant step in the evolution of AI-enabled personal computing. According to...