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FxWirePro: Daily Commodity Tracker - 6th April, 2020

Apr 06, 2020 14:02 pm UTC| Technicals Research & Analysis

Daily Commodity Tracker (13.30 GMT) WTI (US OIL): Major trend - Strongly bearish; Minor trend - Turning bullish Oscillators: Rollover from Oversold (bias higher) Bollinger Bands: Widening on Weekly and Monthly...

FxWirePro: Major Levels and bias summary

Apr 06, 2020 13:12 pm UTC| Technicals

Major Levels and bias...

FxWirePro: US Dollar Index Daily Outlook

Apr 06, 2020 13:05 pm UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 110.50 Kijun-Sen- 99.87 DXY is trading in a narrow range between 100.85 and 100.50 for the past 2 days. The minor trend is still bullish as long as support...

FxWirePro: EUR/SEK weakens as Eurozone investor morale hits all-time low on coronavirus

Apr 06, 2020 12:45 pm UTC| Technicals

The Swedish Krona surged, rebounding from a near 1-week low hit earlier in the session. The Swedish currency benefited as the euro declined after data showed investor morale in the eurozone plunged to an all-time low...

FxWirePro: GBPJPY struggles to break above 135 level, good to sell on rallies

Apr 06, 2020 12:28 pm UTC| Technicals

Ichimoku Analysis (4- hour chart) Tenken-Sen- 133.54 Kijun-Sen- 133.50 GBPJPY recovered sharply more than 150 pips from a low of 133.08. The pound sterling is trading stable amid reports that UK PM...

FxWirePro: EUR/GBP holds 200-DMA support, break below to drag prices lower

Apr 06, 2020 12:23 pm UTC| Technicals Research & Analysis

EUR/GBP chart - Trading View EUR/GBP fails to extend previous sessions gains, trades 0.36% lower on the day at 0.8769 at around 11:45 GMT. The pair finds strong support at 200-DMA at 0.8751, break below will see...

FxWirePro: USD/NOK retreats from near 1-week peak, finds resistance at 10-DMA

Apr 06, 2020 11:47 am UTC| Technicals

The Norwegian Krone nudged up, retreating from a near 1-week low recorded in the prior session after Norway said on Saturday it would consider cutting its oil production if a global deal to curb supply is agreed by the...

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Economy

Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027

Goldman Sachs has revised its outlook for U.S. monetary policy, predicting that the Federal Reserve will keep interest rates unchanged through 2026 and postpone any rate cuts until 2027. The updated forecast reflects...

Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence

Indonesias central bank and finance ministry have agreed to increase yields on Indonesian financial assets in an effort to attract foreign portfolio inflows and strengthen the rupiah, which has recently fallen to record...

Asian Currencies Stabilize as Strong U.S. Jobs Data Boosts Dollar and Fed Rate Hike Expectations

Asian currencies traded mostly steady on Monday after suffering losses in the previous session, as investors assessed the implications of stronger-than-expected U.S. employment data and rising geopolitical tensions in the...

China’s Cross-Border E-Commerce Faces Rising Costs and Slower Growth in 2026

Chinas low-cost e-commerce sector is facing growing challenges as higher air freight expenses and weakening consumer demand in Western markets put pressure on major online retailers such as Temu, Shein, and AliExpress. The...

Dollar Near Two-Month High as Strong U.S. Jobs Data Boosts Fed Rate Hike Expectations

The U.S. dollar remained close to a two-month high on Monday after a stronger-than-expected U.S. jobs report increased market expectations that the Federal Reserve could raise interest rates later this year. The upbeat...

Politics

Peru Presidential Election Too Close to Call as Ipsos Quick Count Shows Statistical Tie

Perus presidential election remains on a knife-edge after an early Ipsos quick count showed Roberto Sanchez holding a narrow lead over Keiko Fujimori, highlighting one of the closest presidential races in the countrys...

Trump Says Iran Sanctions and Frozen Assets Will Remain Until Peace Deal Is Reached

U.S. President Donald Trump has stated that the United States will not unfreeze Iranian assets or lift sanctions on Iran until a formal peace agreement is finalized. In an interview with NBC News Meet the Press, Trump...

Trump Urges Restraint as Israel-Iran Tensions Threaten Fragile Peace Talks

U.S. President Donald Trump has reportedly urged Israeli Prime Minister Benjamin Netanyahu not to launch a retaliatory strike against Iran following a new missile exchange that threatens ongoing efforts to secure a broader...

Xi Jinping Visits North Korea as Kim Jong Un Strengthens Position with Russia and Nuclear Expansion

Chinese President Xi Jinping arrived in Pyongyang for a two-day state visit, marking his first trip to North Korea in seven years. The visit comes as North Korean leader Kim Jong Un appears increasingly confident, backed...

Starmer Hosts Zelenskiy, Macron and Merz for Ukraine Peace and Security Talks in London

British Prime Minister Keir Starmer welcomed Ukrainian President Volodymyr Zelenskiy, French President Emmanuel Macron, and German Chancellor Friedrich Merz to Downing Street on Sunday for high-level discussions focused on...

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

Nvidia Expands South Korea AI Partnerships to Strengthen Data Center and Memory Chip Supply

Nvidia has announced a series of strategic partnerships with leading South Korean technology companies as the AI chip giant seeks to strengthen its supply chain and accelerate the growth of its artificial intelligence...

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....