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FxWirePro: USDCAD recovers after BOC cuts rates by 50 bps, good to buy on dips

Mar 05, 2020 11:42 am UTC| Technicals

USDCAD increased sharply more than 100 pips after BOC cuts rates by 50 bps to 1.25% yesterday. Following the footsteps of the Fed, the Canadian central bank slashed the rates due to risks of COVID-19. The pair hits high of...

FxWirePro: Sell USDJPY on rallies

Mar 05, 2020 11:27 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 107.29 Kijun-Sen- 108.14 USDJPY declined slightly after a minor jump to 107.73. The total number of people infected crossed more than 25 in India and global...

FxWirePro: EUR/SEK halts 2-day losing streak, good to buy on dips

Mar 05, 2020 10:55 am UTC| Technicals

The Swedish Krona declined, hovering away from a 2-1/2 week peak recorded earlier in the week despite better-than-expected industrial production and new order figures. Swedens industrial production rose 0.1 percent...

FxWirePro: USD/DKK hovers towards 2-month trough, intraday bias bearish

Mar 05, 2020 09:49 am UTC| Technicals

The Danish Krone rose, hovering towards a near 2-month high as investors awaited January industrial production figures due tomorrow. Denmarks industrial production increased 7.40 percent in December after tumbling 5.6...

FxWirePro: Silver moves in rigid boundaries, stay short only below $17.15 mark

Mar 05, 2020 08:47 am UTC| Technicals

XAG/USD is currently trading around $17.18 marks. It made intraday high at $17.26 and low at $17.15 levels. Intraday bias remains neutral for the moment. A daily close above $17.22 will test key resistances...

FxWirePro: EUR/GBP declines from 4-1/2 month peak on BoE Governor Bailey's comments, dip till 0.8594 likely

Mar 05, 2020 08:44 am UTC| Technicals

The euro declined, hovering away from a 4-1/2 month peak recorded in the prior session against the British pound. On Wednesday, the pair rallied on the back of upbeat Eurozone IHS Markits Composite Purchasing Managers...

FxWirePro: Aussie consolidates on lower Q1 GDP prediction, faces resistance at 21-EMA

Mar 05, 2020 07:56 am UTC| Technicals

The Australian dollar consolidated near a 2-week peak hit earlier in the week amid worries about the fast-spreading coronavirus. Earlier in the day, Australias Treasury Department stated that the coronavirus is...

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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...