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FxWirePro: AUD/CHF trades rangebound above 21-EMA support, outlook bearish

May 14, 2020 10:47 am UTC| Technicals

AUD/CHF chart - Trading View AUD/CHF was trading rangebound on the day at 0.6263 at around 10:35 GMT. Upside in the pair has found exhaustion and we see signs of bearish reversal. Dismal Aussie data and pessimism...

FxWirePro: S&P500 Daily outlook

May 14, 2020 10:06 am UTC| Technicals

Chart pattern- Head and shoulder pattern Ichimoku Analysis (4-Hour chart) Tenken-Sen- 2866 Kijun-Sen- 2800 SP500 is trading lower after a minor pullback till the 2953 level. The major trend...

FxWirePro: USD/TRY near 3-week low, outlook remains bearish

May 14, 2020 09:56 am UTC| Technicals

The Turkish Lira rallied to a near 3-week peak on optimism over possible swap lines being established with foreign central banks. USD/TRY is trading 0.1 percent down at 6.9627, having hit a low of 6.9421 earlier, its...

FxWirePro: Shooting Star And 100-DMA Cap AUD/USD Interim Upswings – Uphold Tunnel Spread & Short Hedges As Major Downtrend Intact

May 14, 2020 09:51 am UTC| Technicals

AUDUSDshort-term trend: The pair has formed shooting star pattern at peaks of rallies at 0.6453 levels (refer daily chart). Consequently, bears appear to be resuming in the minor downtrend upon this bearish formation...

FxWirePro: EUR/JPY grinds lower after failure at 21-EMA resistance, outlook bearish

May 14, 2020 09:16 am UTC| Technicals

EUR/JPY chart - Trading View EUR/JPY was trading 0.23% lower on the day at 115.49 at around 09:06 GMT, after closing 0.37% lower in the previous session. The pair is extending weakness for the 3rd straight session...

FxWirePro: USD/DKK extends rebound from 1-week low, major support at 55-EMA

May 14, 2020 08:50 am UTC| Technicals

The Danish Krone declined, extending previous session losses, as the greenback surged following Federal Reserve Chairman Jerome Powells speech. The dollar rallied towards a 3-week high after Federal Reserve Chairman...

FxWirePro: USDCAD trades higher on broad-based US dollar buying, good to buy on dips

May 14, 2020 08:18 am UTC| Technicals

Ichimoku Analysis (4-Hour chart) Tenken-Sen- 1.4060 Kijun-Sen- 1.40075 USDCAD has shown a massive recovery of more than 200 pips from a low of 1.39011. The surge was mainly due to broad-based US dollar...

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Economy

Asian Stocks Rally as AI Optimism Lifts Markets; Yen Holds Gains Ahead of BOJ Decision

Asian stock markets surged on Friday, tracking a strong rebound on Wall Street as renewed confidence in artificial intelligence (AI) spending sparked a broad recovery in technology shares. South Koreas Kospi led the gains...

Gold Price Today: Gold Set for First Monthly Gain Since February Despite Friday Dip

Gold prices edged lower during Asian trading on Friday, but the precious metal remained on track to post its first monthly gain since February as investors balanced easing inflation concerns against uncertainty surrounding...

Oil Prices Head for 21% Monthly Surge as Middle East Conflict Fuels Supply Fears

Oil prices edged higher during Asian trading on Friday and remained on track for their strongest monthly performance since March, as escalating tensions between the United States and Iran fueled concerns over prolonged...

Japan Yen Surges on Reported FX Intervention as Dollar Slides After Fed, BoE Holds Rates

The Japanese yen posted its biggest gain against the U.S. dollar since late April after reports suggested Japanese authorities intervened in the foreign exchange market by buying yen and selling dollars. The move came as...

South Korea’s KOSPI Soars as Samsung, SK Hynix Rebound on Microsoft-Fueled AI Rally

South Koreas benchmark KOSPI index surged more than 16% on Friday, staging a powerful recovery after one of its sharpest weekly selloffs, as technology heavyweight stocks Samsung Electronics and SK Hynix rallied alongside...

Politics

Brazil Supreme Court Approves Probe Into Lula’s Son Over Health Ministry Lobbying Claims

Brazilian Supreme Court Justice Andre Mendonca has authorized federal police to investigate Fabio Luis Lula da Silva, the son of President Luiz Inacio Lula da Silva, over allegations that he improperly assisted a lobbyist...

North Korea Warns U.S. Forces Japan Expansion Raises Korea Conflict Risk

North Korea has sharply criticized the expansion of the U.S. Forces Japan (USFJ) command, warning that the possibility of armed conflict on the Korean Peninsula has become a matter of timing rather than speculation. In an...

Trump Announces Hamas Disarmament Deal Under Gaza Peace Plan

U.S. President Donald Trump announced on Thursday that his administrations Board of Peace had secured an agreement for the complete disarmament of Hamas and other armed groups in Gaza, calling it a major step toward ending...

Suez Canal Shipping Faces New Risk After Drone Strike on Gas Tankers in Egypt

A drone strike that ignited fires aboard two gas vessels at Egypts Damietta port has heightened concerns over the security of the Suez Canal, one of the worlds most important energy shipping routes, as the U.S.-Iran...

Lebanon Lawyers Seek Probe Into Banker Over Alleged Netanyahu Dinner in Washington

A group of Lebanese lawyers has filed a legal complaint urging the countrys top prosecutor to investigate prominent banker Antoun Sehnaoui over allegations that he co-hosted a dinner in Washington attended by Israeli Prime...

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

Anthropic Reveals Claude AI Accessed Real Production Systems During Cybersecurity Tests

Anthropic disclosed on Thursday that its Claude artificial intelligence models gained unauthorized access to the production systems of three organizations during internal cybersecurity evaluations after a testing...

Amazon Q2 Earnings Beat Estimates as AWS AI Growth Surges, But Q3 Revenue Forecast Disappoints

Amazon exceeded Wall Street expectations for second-quarter revenue, driven by rapid growth in its cloud computing business and rising demand for artificial intelligence services. However, the companys weaker-than-expected...

Apple Q3 Earnings Beat as Record iPhone Sales Offset Services, China Weakness

Apple delivered stronger-than-expected fiscal third-quarter results, driven by record June-quarter iPhone sales that reinforced the strength of its core smartphone business. Despite the earnings beat, Apple shares fell...

Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer

Tamron (TYO:7740) confirmed Thursday that it has received a non-binding acquisition proposal from Sony (TYO:6758), following reports that the potential deal could be worth approximately 200 billion yen ($1.3 billion). The...

Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half

Samsung Electronics reported stronger-than-expected second-quarter earnings, driven by soaring demand for artificial intelligence (AI) memory chips as global investment in AI infrastructure continued to accelerate. For the...