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FxWirePro: Flurry Bearish Patterns Halts GBP/JPY Rallies At Stiff Resistance, Major Downtrend Intact – Trading & Hedging Setup

Apr 21, 2020 07:14 am UTC| Technicals Insights & Views

GBPJPYhas shown interim rallies in the minor trend amid major downtrend. Currently, the bulls are exhausted at the stiff resistance zone of 134 - 135 levels as per ourearlier post, where we had explicitly stated that the...

FxWirePro: Gold Daily Outlook

Apr 21, 2020 06:38 am UTC| Technicals

Ichimoku Analysis (Daily Chart) Tenken-Sen- $1694 Kijun-Sen- $1599 Gold is trading flat after hitting a low of $1671 yesterday. The slight strength in the US dollar and a minor surge in the global...

FxWirePro: USD/INR exhibits range bound movement, consistent close above 76.40 requires for upside rally

Apr 21, 2020 06:21 am UTC| Technicals

USD/INR is currently trading around 76.12 marks. It made intraday high at 76.34 and low at 76.03 marks. Intraday bias remains bullish till the time pair holds key support at 75.50 mark. Key resistances are...

FxWirePro: USD/JPY extends range trade around 5-DMA, intraday bias turning bearish

Apr 21, 2020 05:56 am UTC| Technicals Research & Analysis

USD/JPY was trading 0.14% lower on the day at 107.42 at around 05:15 GMT. The pair regained positive traction on Tuesday after closing marginally higher in the previous session. Fresh wave of the global...

FxWirePro: USD/TWD moves directionless since Nov 2019, stay neutral

Apr 21, 2020 05:12 am UTC| Technicals

USD/TWD is currently trading around 30.07 marks. It made intraday high at 30.13 and low at 30.03 marks. Intraday bias remains neutral for the moment. A daily close above 30.42 will drag the parity up towards...

FxWirePro: Thai baht remains almost unchanged after trade balance data

Apr 21, 2020 04:44 am UTC| Technicals

USD/THB is currently trading around 32.52 marks. It made intraday high at 32.63 and low at 32.49 marks. Intraday bias remains neutral till the time pair holds key support at 32.50 mark. On the top side, key...

FxWirePro: USD/SGD fails to find support below 1.4190 mark, bias turns bullish again

Apr 21, 2020 03:27 am UTC| Technicals

USD/SGD is currently trading around 1.4268 marks. It made intraday high at 1.4283 and low at 1.4204 levels. Intraday bias remains bullish till the time pair holds key support at 1.4190 mark. A daily close...

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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...