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FxWirePro: Chinese yuan strengthens as PBoC keeps Loan Prime Rate unchanged at 4.05 pct

Mar 20, 2020 07:11 am UTC| Technicals

USD/CNY is currently trading around 7.0667 marks. It made intraday high at 7.1082 and low at 7.0582 levels. Intraday bias remains bearish till the time pair holds key resistance at 7.1057 mark. A sustained...

FxWirePro: AUD/USD extends gains, 'Spinning Top' and 'Bullish Divergence' raise scope for upside

Mar 20, 2020 06:36 am UTC| Technicals Research & Analysis

AUD/USD chart - Trading View AUD/USD was trading 2.56% higher on the day at 0.5889 at around 06:15 GMT, bias is turning slightly bullish. The pair has bounced off from fresh multi-year lows on Thursdays trade with a...

FxWirePro: Cable’s Hanging Man Disrupts Consolidation Phase, Breakdown Triangle Baseline And Hits Multi-Years’ Lows

Mar 20, 2020 06:15 am UTC| Technicals

Cable prices (GBPUSD) have collapsed considerably in the low liquid environment, with historically strong indicators not working at this juncture. The prevailing price action continues to lurch lower, consolidate...

FxWirePro: USD/INR back below 75.00 mark, sustained close below 73.74 requires for downside rally

Mar 20, 2020 06:12 am UTC| Technicals

USD/INR is currently trading around 74.40 marks. It made intraday high at 74.61 and low at 74.02 marks. Intraday bias remains slightly bearish for the moment. Key resistances are seen at 74.90, 76.50, 77.41,...

FxWirePro: USD/JPY edges lower amid broad US dollar retreat, near-term outlook remains bullish

Mar 20, 2020 05:08 am UTC| Technicals Research & Analysis

USD/JPY chart - Trading View Fundamental Overview: The US Dollar Index (DXY) edges lower from the three-year high following the downbeat news from New York and California. Also, Goldman Sachs projects U.S. jobless...

FxWirePro: Gold Short Term Outlook

Mar 20, 2020 04:56 am UTC| Technicals

Gold has formed double bottom around at 1455 and shown minor recovery. Short term trend is still weak as long as resistance $1500 (200-day MA) holds. US dollar index surges to 3- year high and putting pressure on the...

FxWirePro: USD/TWD remains well supported above 30.50 mark, Taiwan’s export orders data in focus

Mar 20, 2020 03:34 am UTC| Technicals

USD/TWD is currently trading around 30.34 marks. It made intraday high at 30.43 and low at 30.28 marks. Intraday bias remains neutral for the moment. A daily close above 30.55 will drag the parity up towards...

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Economy

Oil Prices Head for 20% Monthly Surge as Middle East Supply Risks Persist

Oil prices climbed on Friday and remained on track for a monthly gain of more than 20%, supported by ongoing Middle East geopolitical tensions, tighter fuel supplies, and a sharp decline in U.S. crude inventories. Brent...

US Stock Futures Rise as AI Optimism Lifts Nvidia, Microsoft, Amazon While Apple Slips

U.S. stock index futures climbed on Friday, extending Wall Streets technology-led rebound as renewed confidence in artificial intelligence investments boosted investor sentiment despite lingering concerns over spending and...

Japan Earthquake Disrupts Auto and Chip Supply Chains

Japans powerful 7.1-magnitude earthquake that struck Kumamoto this week has disrupted manufacturing operations across one of the countrys most important industrial regions, raising concerns over supply chain stability for...

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...

Politics

Spain Deploys Troops as Ceuta Faces Major Migrant Surge From Morocco

Spain deployed military personnel and additional police to the North African enclave of Ceuta on Thursday after thousands of migrants attempted to enter the territory from Morocco by sea and land, escalating pressure on...

HRW Accuses Russia’s Africa Corps of Deadly Airstrike on Mali Civilians

Human Rights Watch (HRW) has accused Russias Africa Corps of carrying out an indiscriminate airstrike that killed eight civilians, including three children, in central Mali, raising fresh concerns over civilian casualties...

South Korea Reviews Border Drone Incident After Troops Mistake U.S. Aircraft for Potential Threat

South Koreas military will inspect the Armys 1st Corps on Friday after troops nearly engaged what was initially believed to be an unidentified aircraft near the border with North Korea, only to later confirm it was a U.S....

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...

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

Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat

Apple (NASDAQ: AAPL) shares fell more than 7% in premarket trading after the tech giant issued weaker-than-expected guidance for the September quarter, overshadowing better-than-anticipated quarterly earnings and revenue....

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...
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