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USDCAD declines on steel and aluminium tariff news, markets eye Canadian manufacturing sales

May 16, 2019 11:04 am UTC| Technicals

USDCAD trades lower and lost nearly 90 pips from high 1.34935 on account of easing trade tension. US Treasury Secretary Mnuchin said that US and Canada trade official is in talks to resolve steel and aluminium tariff....

Crypto Technicals: ETH/USD edges lower from 8-month highs, potential 'Shooting Star' keeps scope for weakness

May 16, 2019 10:59 am UTC| Digital Currency Technicals

ETH/USD chart - Trading View Exchange - Coinbase Support: 220 (5-DMA) ; Resistance: 300 Technical Analysis: Bias Bullish ETH/USD is trading largely unchanged at 248 at 10:45 GMT The pair has edged lower from...

FxWirePro: Buy EURUSD above 1.12250

May 16, 2019 10:14 am UTC| Technicals

EURUSD trades slightly above 1.1200 level on account weak US retails sales and delay in auto tariff on European cars. President Trump has said that US will delay auto tariff on European car imported by 6 month.It hits high...

Crypto Technicals: BTC/USD pauses upside, 'spinning top' suggests indecision, watch for break below hourly cloud for weakness

May 16, 2019 10:08 am UTC| Digital Currency Technicals

BTC/USD chart - Trading View Exchange - Coinbase Support: 7970 (1H 55-EMA); Resistance: 8488 (July 2018 high) Technical Analysis: Bias Bullish BTC/USD has paused upside and is extending sideways for the 3rd...

FxWirePro: EUR/CAD Trade Idea

May 16, 2019 09:28 am UTC| Technicals

EUR/CAD chart - Trading View Technical Bias: Bearish - The pair has failed at strong trendline resistance - Price action has slipped below 200-DMA - Gravestone Doji formed on the daily charts - Stochs and...

FxWirePro: GBPJPY hits multi-month low on rising safe haven demand, good to sell on rallies

May 16, 2019 08:49 am UTC| Technicals

GBPJPY was trading extremely weak and lost more than 850 pips in past 2 months on account of trade war escalation and Brexit uncertainty. US and China trade tension is putting pressure on riskier assets and demand for safe...

FxWirePro: XAG/USD consolidates around $14.76 mark, faces immediate resistance at $14.85 mark

May 16, 2019 07:49 am UTC| Technicals

XAG/USD is currently trading around $14.79 marks. It made intraday high at $14.79 and low at $14.74 levels. Intraday bias remains neutral for the moment. A daily close above $14.76 will test key resistances...

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Economy

Citi Says Sharp TOPIX Drop Could Push USD/JPY Lower as Yen Gains Momentum

A significant correction in Japanese equities could trigger a sharp decline in the USD/JPY exchange rate, although Citi analysts believe the stock market would need to fall much further before the Japanese yen strengthens...

Iran Warns of Retaliation as Trump Threatens New Strikes, Oil Risks Intensify

Iran warned over the weekend that it would respond forcefully to any new U.S. military action, escalating tensions in the Middle East as President Donald Trump reiterated threats of additional strikes on Iranian targets....

South Korea Exports Surge 62.8% in July on AI Chip Demand

South Koreas exports posted stronger-than-expected growth in July, fueled by robust global demand for semiconductors and AI-related technology, reinforcing the countrys position as a major beneficiary of the artificial...

U.S. Treasury Joins Japan in Yen Intervention as Currency Nears 40-Year Lows

The U.S. Treasury reportedly stepped into currency markets on Friday by buying Japanese yen, joining Japans efforts to stabilize the currency after it weakened to levels close to a four-decade low. According to a Financial...

Gold Ends July Higher as Weaker Dollar Offsets Fed Inflation Concerns

Gold prices posted modest monthly gains in July, supported by a weaker U.S. dollar and the Federal Reserves decision to keep interest rates unchanged. However, renewed inflation concerns fueled by rising oil prices limited...

Politics

US Embassies Urge Americans to Leave Middle East as Iran Tensions Escalate

The United States has issued emergency security alerts across several Middle Eastern diplomatic missions, urging American citizens to consider leaving the region as tensions with Iran continue to rise. U.S. embassies in...

DOJ Subpoenas New York Times Freelancer Over North Korea Military Report

The U.S. Department of Justice has subpoenaed records belonging to freelance journalist Matthew Cole as part of an investigation into the sources behind a 2025 New York Times report detailing a failed U.S. military...

Capital One Says AML Review Led to Closure of Trump Organization Accounts

Capital One Financial has defended its decision to close hundreds of bank accounts linked to the Trump Organization, arguing in a court filing that the move followed an extensive anti-money laundering (AML) review rather...

Trump Weighs Iran Strikes as U.S. Embassies Issue Emergency Security Alerts

The United States has issued emergency security alerts across the Middle East as tensions with Iran continue to escalate, prompting officials to warn Americans to consider leaving the region and prepare for possible flight...

Spain Installs Floating Barrier as Ceuta Migrant Crossings Halt After Deadly Surge

Spain said migrant crossings into its North African enclave of Ceuta came to a halt overnight as authorities began installing a 500-metre floating barrier along the border with Morocco following a deadly mass migration...

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

AI Data Center Boom Faces New Risks as Public Backlash and Policy Scrutiny Grow

Public opposition to large-scale data center construction is rising sharply, creating new challenges for the artificial intelligence (AI) infrastructure boom, according to Wolfe Research. The firm identified growing voter...

T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger

Senior executives at T-Mobile US have reportedly told parent company Deutsche Telekom that they do not support a proposed $300 billion merger between the two companies, citing shareholder resistance and potential...

Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations

Roblox Corp. (NYSE: RBLX) shares plunged about 16% in premarket trading after the gaming platform reported mixed second-quarter 2026 results and issued weaker-than-expected third-quarter bookings guidance, raising concerns...

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...