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FxWirePro: EUR/AUD heads deeper into bear territory, 1.6549 a key barrier

May 08, 2020 14:26 pm UTC| Technicals

EUR/AUD declined on Friday as euro remained under pressure from sellers. The pair currently is approaching support at 1.6549 (200 DMA ). A break under 1.6549 would unmask 1.6400 level in the short term. Technical...

FxWirePro: Major Pair levels and bias summary

May 08, 2020 13:38 pm UTC| Technicals

Major Pair levels and bias...

FxWirePro: CADJPY trades higher on better than expected Canadian jobs data, good to buy on dips

May 08, 2020 13:34 pm UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen- 76.34 Kijun-Sen- 76.05 CADJPY recovers sharply on slightly better than expected Canadian jobs data. The Canadian economy lost 1993.8K jobs in Apr vs forecast of...

FxWirePro: EURUSD trades lower despite dismal US Non-Farm Payrolls, good to buy on dips

May 08, 2020 13:05 pm UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen- 1.08354 Kijun-Sen- 1.08107 EURUSD ease slightly till 1.08254 after dismal US jobs data. US economy lost nearly 20 .5 million jobs in Apr vs forecast of -22...

FxWirePro: EUR/SEK plunges to 2-month low, outlook remains bearish

May 08, 2020 12:35 pm UTC| Technicals

The Swedish Krona rallied to a fresh 2-month peak on the back of rising crude oil prices. Crude oil prices surged as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising...

FxWirePro: AUD/JPY breaks above 55-EMA, eyes 61.8 Fib at 70.17

May 08, 2020 12:08 pm UTC| Technicals

AUD/JPY chart - Trading View AUD/JPY edges higher for the 2nd straight session, bias turning bullish. The pair has bounced off strong support at daily cloud and 50-DMA. Australias PM Morrisons economy re-opening...

FxWirePro: USD/NOK hits 3-1/2 week trough, major support at 55-EMA

May 08, 2020 11:23 am UTC| Technicals

The Norwegian Krone rallied to a 3-1/2 week peak following better-than-expected economic data. Norways industrial production increased 7.6 percent year-on-year in March, the largest output increase since September...

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Economy

China PMI Contracts in July as Weak Demand and Typhoons Weigh on Economy

Chinas factory activity unexpectedly returned to contraction in July, while the countrys services sector also weakened, highlighting growing pressure on the worlds second-largest economy as soft domestic demand and...

BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible

The Bank of Japan (BOJ) kept its benchmark interest rate unchanged at 1.0% on Friday, opting to assess the economic impact of its June rate hike while maintaining a cautious stance amid Middle East tensions and continued...

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...

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

Sony Raises Full-Year Outlook After Q1 Profit Jumps 40% on Gaming and Chip Growth

Sony Group (TYO: 6758) delivered a strong start to its fiscal 2026, reporting a 40% year-over-year increase in first-quarter operating profit and raising its full-year earnings outlook, fueled by robust performance in its...

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...