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FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside

May 18, 2020 15:03 pm UTC| Technicals

EUR/AUD declined on Monday as commodity linked Australian dollar was boosted by higher oil prices. Easing of lockdown regulations in Australia and higher gold prices also helped commodity- Australia. Selling...

FxWirePro: USDCAD trades weak on surging oil price, good to sell on rallies

May 18, 2020 12:29 pm UTC| Technicals

Candlestick pattern- Bearish Engulfing Ichimoku Analysis (8 Hour chart) Tenken-Sen- 1.40736 Kijun-Sen- 1.40366 USDCAD has lost more than 80pips from yesterdays high of 1.41148. The fall was...

FxWirePro: Daily Commodity Tracker - 18th May, 2020

May 18, 2020 12:26 pm UTC| Technicals

Daily Commodity Tracker WTI (US OIL): Daily trend - Bullish Previous Week High/Low: 29.79/ 24.81 Previous Day High/Low: 29.79/ 27.55 GOLD (XAU/USD): Daily trend - Strongly bullish Previous Week...

FxWirePro: Norwegian Krone gains as crude oil rallies on output cuts

May 18, 2020 12:10 pm UTC| Technicals

The Norwegian Krone rallied, reversing most of its previous session losses, as crude oil price surged to multi-week peaks. Crude oil prices surged to their highest in more than a month, supported by ongoing output...

FxWirePro: EUR/JPY Interim Upswings Capped By 21-DMAs, Uphold Short Hedges As Major Downtrend Seems Robust

May 18, 2020 12:10 pm UTC| Technicals

EURJPYbears have been constantly nudging prices below DMAs amid the highly volatile trading sessions of late. The pair has been plummeting from the highs of 122.875 levels to the recent lows of 114.397 levels. Please be...

FxWirePro: Copper breaks above 55-EMA, eyes 50% Fib at 2.427

May 18, 2020 11:42 am UTC| Technicals

Copper chart - Trading View Copper was trading 1.95% higher at 2.376 at around 11:30, after closing 1.27% lower in the previous session. Price action has bounced off 50-DMA support and has broken above 55-EMA, scope...

FxWirePro: Turkish Lira rallies to 1-month peak on funding hopes

May 18, 2020 11:03 am UTC| Technicals

The Turkish Lira rallied to a 1-month peak, supported by hopes the government will be able to secure foreign funding amid the coronavirus pandemic. The bid tone around the Turkish currency improved on a report that...

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Economy

Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook

Goldman Sachs expects the U.S. dollar to remain supported by strong economic fundamentals, although improving global risk sentiment and resilient foreign currencies may limit additional gains. The bank noted that recent...

Oil Prices Slip but End Two-Week Losing Streak as Middle East Tensions Persist in 2026

Global oil prices moved lower on Friday after operations resumed at Omans key Mina al Fahal oil terminal following reports of a drone-related incident. Despite the daily decline, both Brent crude and West Texas...

Gold Prices Tumble as Strong U.S. Jobs Report Fuels Fed Rate Hike Expectations

Gold prices recorded a sharp decline on Friday and were set for a weekly loss after stronger-than-expected U.S. employment data increased expectations that the Federal Reserve may raise interest rates later in 2026. The...

US Dollar Hits Near Two-Month High as Strong Jobs Data and Middle East Tensions Boost Rate Hike Expectations

The U.S. dollar climbed to its highest level in nearly two months on Friday, supported by stronger-than-expected labor market data and escalating geopolitical tensions in the Middle East. The U.S. Dollar Index (DXY), which...

US Stock Market Tumbles as Tech and Semiconductor Stocks Lead Massive Selloff

U.S. stocks suffered a sharp decline on Friday, ending Wall Streets impressive nine-week winning streak as technology and semiconductor shares experienced heavy selling pressure. The market downturn came after a...

Politics

Princess Anne’s Son Peter Phillips Marries Harriet Sperling at Royal Wedding in England

Peter Phillips, the eldest grandson of the late Queen Elizabeth II, married pediatric nurse Harriet Sperling in a private royal wedding ceremony attended by King Charles III and several senior members of the British royal...

US-Iran Conflict Escalates After Strait of Hormuz Drone Incident

The United States and Iran moved closer to a broader confrontation after U.S. forces struck Iranian coastal radar and surveillance facilities following the interception of drones near the Strait of Hormuz. According to...

France, Allies Prepare Coordinated Sanctions Over West Bank Settler Violence

France is working with several partner countries to increase pressure on Israel by advancing coordinated national sanctions against individuals accused of involvement in violence in the occupied West Bank. According to...

Gaza Ceasefire Talks Resume as Israeli Strike Kills Seven Palestinians

An Israeli airstrike killed at least seven Palestinians, including two women, in Gaza City on Saturday, according to local health officials, as renewed Gaza ceasefire talks began in Cairo aimed at preserving the fragile...

Russian Strikes Kill Five in Ukraine’s Kherson Region as Border Attacks Continue

Russian attacks killed five people in Ukraines southern Kherson region on Friday, according to regional governor Oleksandr Prokudin, highlighting the continued intensity of the Russia-Ukraine war. The incidents occurred in...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

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...

Technology

Bouygues, Orange and Iliad Strike €20.35 Billion Deal to Acquire SFR

Frances telecom sector is on the verge of a major transformation after Bouygues Telecom, Orange, and Free, part of the Iliad Group, signed a memorandum of understanding (MoU) with Altice France to acquire telecom operator...

US Officials Explore AI Company Equity Stakes Ahead of OpenAI and Anthropic IPO Plans

Senior U.S. government officials have reportedly held preliminary discussions with leading artificial intelligence companies regarding the possibility of the federal government acquiring equity stakes in their businesses....

Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch is reportedly in discussions to raise billions of dollars in a new funding round that could value the company at more than $50 billion, according to a report from The Information. The potential...

South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge

South Koreas Labor Minister Kim Young-hoon has called for a national discussion on how to distribute the extraordinary profits generated by the countrys booming artificial intelligence (AI) and semiconductor industries....

Jensen Huang Strengthens Nvidia’s South Korea Ties Amid AI Expansion

Nvidia CEO Jensen Huang is set to make his second visit to South Korea in just seven months, underscoring the countrys growing importance in the global artificial intelligence ecosystem. Beyond high-level business...