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FxWirePro: Norwegian Krone plunges to record lows as oil prices continue to slide

Mar 12, 2020 12:01 pm UTC| Technicals

The Norwegian Krone slumped to a fresh record low as oil prices fell again, adding to steep losses in the previous session. Oil prices declined after the U.S. banned travel from Europe following a declaration that the...

FxWirePro: S&P500 Weekly Outlook

Mar 12, 2020 11:56 am UTC| Technicals

Major trend line support- 2578 SP500 is trading weak for 3rd consecutive week and lost more than 20%. The index is in a bearish trend and major weakness can be seen only less than 2580. The overall trend is weak but...

FxWirePro: Major pair levels and bias summary

Mar 12, 2020 11:49 am UTC| Technicals

Major pair levels and bias...

FxWirePro: USDCAD holds above 1.3800 level, jump till 1.400 likely

Mar 12, 2020 11:43 am UTC| Technicals

USDCAD hits fresh 34-month high at 1.38245 and is currently trading around 1.38126. The decline in crude oil prices due to price war and coronavirus is putting pressure on the Canadian dollar. WTI crude lost more than 15%...

FxWirePro: USD/DKK breaks above 7-EMA, jump till 6.6627 likely

Mar 12, 2020 10:53 am UTC| Technicals

The Danish Krone declined, extending losses for the third straight session and hovering further away from an over 1-year peak recorded earlier in the week. USD/DKK is trading 0.4 percent up at 6.6544, having hit low...

FxWirePro: EUR/GBP hovers towards 5-month peak, good to buy on dips

Mar 12, 2020 09:58 am UTC| Technicals

The euro rallied, hovering towards a 5-month peak against the British pound as investors digested Bank of Englands emergency rate cut. BoE cut interest rates by 50 basis points to 0.25 percent, in its first emergency...

FxWirePro: Buy USDCHF above 0.9400

Mar 12, 2020 09:39 am UTC| Technicals

Ichimoku Analysis (Weekly chart) Tenken-Sen- 0.95850 Kijun-Sen- 0.96729 USDCHF is trading weak for the past 4-weeks and lost more than 650 pips from the temporary top at 0.9845. The pair hits a low of 0.91823 and...

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Economy

Switzerland Population Cap Referendum Sparks Economic and Immigration Debate

Switzerland will vote on June 14, 2026, in a closely watched referendum that could cap the countrys population at 10 million people. The proposal, backed by the right-wing Swiss Peoples Party (SVP), has drawn comparisons...

Vietnam Prioritizes Fiscal Stimulus as Monetary Policy Space Narrows

Vietnam is expected to rely more heavily on expansionary fiscal policies to achieve its ambitious economic growth targets, while the scope for further monetary easing remains limited, according to Deputy Governor of the...

BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks

Bank of England (BoE) policymaker Alan Taylor has indicated that the UKs current interest rate level remains restrictive enough to manage inflation, despite growing concerns over price pressures linked to the ongoing...

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...

Politics

Kosovo Election 2026: Albin Kurti’s Party Wins Most Votes but Falls Short of Majority

Prime Minister Albin Kurtis Vetevendosje party emerged as the leading force in Kosovos 2026 parliamentary election, securing the largest share of votes but failing to obtain the outright majority needed to end the countrys...

Israel Strikes Iran Petrochemical Site as Trump Presses for Restraint Amid Peace Talks

Israel launched fresh airstrikes on Iranian targets Monday, including the Mahshahr petrochemical complex in southwestern Iran, marking the first reported attack on an energy facility since the April ceasefire. Iranian...

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...

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

Naver Stock Jumps on NVIDIA Partnership to Build South Korea’s AI Infrastructure

Naver Corp. (KS:035420) shares surged on Monday after the South Korean technology giant announced a major artificial intelligence partnership with NVIDIA Corporation (NASDAQ: NVDA). The news fueled strong investor...

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...