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Fri, Jul 31, 2026 04:15 AM All times are UTC

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Oil in Global Economy Series

WTI Whipsaws Pattern Halts Interim Upswings – Trading & Hedging Setup

May 13, 2020 11:50 am UTC| Technicals

Global crude oil futures prices have eased data from the American Petroleum Institute suggesting that U.S. stockpiles rose by more than forecast last week. With WTI is edging higher $26 a barrel and Brent futures inched...

Norwegian Krone near 2-month peak on government's latest measures to bolster economy

May 13, 2020 10:58 am UTC| Technicals

The Norwegian Krone extended rebounds, hovering towards a near 2-month high as Norway taps sovereign wealth fund for record $41 billion. According to a revised budget draft published yesterday, Norway is set to draw...

FxWirePro: USD/TRY near 2-week low, likely to break below 21-EMA

May 13, 2020 09:57 am UTC| Technicals

The Turkish Lira surged, hovering towards a near 2-week peak hit in the previous session as TUrkey gradually started to ease restrictions imposed to curb the spread of the coronavirus. USD/TRY is trading 0.2 percent...

FxWirePro: Copper holds 21-EMA support, break below to see dip till channel base at 2.280

May 13, 2020 09:07 am UTC| Technicals

Copper chart - Trading View Copper was trading 0.77% higher at 2.351 at around 09:00, after closing 1.93% lower in the previous session. The pair has paused 2 straight sessions of weakness and is holding support at...

FxWirePro: DAX breaks major trend line support, dip till 11380 likely

May 13, 2020 09:02 am UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen- 10745 Kijun-Sen- 10792 DAX30 halted its 1- week of a bullish trend and came down more than 450 points from high of 11032. The decline came due to global...

FxWirePro: USD/DKK consolidates above 21-EMA, investors eye Fed Powell's speech

May 13, 2020 08:57 am UTC| Technicals

The Danish Krone consolidated within narrow ranges ahead of Federal Reserve Chairman Jerome Powells speech on economic issues. On Tuesday, U.S. President Donald Trump again pushed the Federal Reserve to adopt negative...

FxWirePro: NZD/USD Double Top Formation Reminds Bears, 21-EMA Reaffirms Major Downtrend – Trade & Hedging Setup

May 13, 2020 08:38 am UTC| Technicals Insights & Views

NZDUSDdownside risks persist near term, led by global risk sentiment, 0.6040 vulnerable. RBNZ today poses major event risk. The pair forms double top pattern which is bearish in nature, with top 1 at 0.6176 and top 2 at...

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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...