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FxWirePro: USD/CAD outlook weaker on renewed downside pressure

May 23, 2017 17:35 pm UTC| Technicals

The USD/CAD pair declined on Tuesday as oil prices extended recent gains ahead of a meeting of major producers and domestic data showed solid growth in wholesale trade. The value of Canadian wholesale trade rose by...

FxWirePro: GBP/USD changes short term trend from neutral to bearish

May 23, 2017 16:50 pm UTC| Technicals

GBP/USD declined in the US session as investors awaited further developments in Britains suspended election campaign after a suicide bombing rocked the English city of Manchester. Britains main political parties...

FxWirePro: GBP/USD forms triple top around 1.3050, good to sell on rallies

May 23, 2017 13:18 pm UTC| Technicals

Cable formed an almost a triple top around 1.30475 and declined slightly from the level on account of renewed worries over Brexit negotiations. GBP/USD shown minor profit booking after hitting 7- month high. The pair...

FxWirePro: GBP/JPY Trade Idea

May 23, 2017 12:39 pm UTC| Technicals

GBP/JPY continuing its losing streak for the second consecutive week after making a top around 148.11. It is currently trading around 144.18. The pair formed a bottom around 143.34 on May 18th 2017 and is acting short...

FxWirePro: NZD/JPY breaks 200-DMA at 77.97, bias higher, stay long

May 23, 2017 10:54 am UTC| Technicals

NZD/JPY spikes past 200-DMA at 77.97 to hit fresh highs for the week at 78.33. The preliminary Nikkei-Markit PMI data released on Tuesday showed Japanese manufacturing activity in May expanded at a slowest pace in six...

FxWirePro: Buy USD/CHF on dips

May 23, 2017 10:53 am UTC| Technicals

USD/CHF broken the low of 0.97244 made in the previous week and declined till 0.96918 yesterday and hits fresh 8- week low. It is currently trading around 0.97125. The pair has formed major top around 1.03435 and...

FxWirePro: Loonie downside capped by 50 –day MA, close below targets 1.2410.

May 23, 2017 09:20 am UTC| Technicals

USD/CAD has broken low made in the previous week and declined till 1.3470 at the time of writing on account of increasing crude oil prices. Short term trend is still weak as long as resistance 1.3590 (21 EMA) holds. It is...

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Economy

Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns

The Federal Reserve has launched a formal inquiry into major U.S. banks and their financial ties to the private credit sector, raising fresh concerns about systemic risk across the $1.8 trillion industry. The move comes as...

Middle East Conflict Threatens Global Economic Stability, World Bank Warns

The ongoing Middle East war is sending shockwaves through the global economy, and even a fragile ceasefire brokered by U.S. President Donald Trump may not be enough to prevent lasting damage, World Bank President Ajay...

U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices

U.S. stock markets closed mixed on Friday as investors weighed a fragile Middle East ceasefire against an inflation report that came in better than feared. Despite Fridays uneven session, major indexes logged their...

Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs

Tensions between Colombia and Ecuador have reached a breaking point after Colombia announced 100% retaliatory tariffs on Ecuadorian imports, intensifying an ongoing trade dispute between two ideologically divided...

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

Politics

Iran's Lost Mines Threaten Strait of Hormuz Reopening and Global Oil Markets

A major obstacle has surfaced in efforts to reopen the Strait of Hormuz after Iran admitted it can no longer locate or recover all of the naval mines it deployed in the critical waterway, according to a New York Times...

MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions

American lawmakers are advancing one of the most aggressive semiconductor export control bills ever proposed. The Multilateral Alignment of Technology Controls on Hardware Act, widely known as the MATCH Act, has drawn...

FAA and Pentagon Approve Laser Counter-Drone System Along U.S.-Mexico Border

The Federal Aviation Administration and the Pentagon have reached a landmark agreement authorizing the deployment of a high-energy laser counter-drone system along the southern U.S. border. This milestone follows extensive...

Eric Swalwell Faces Sexual Assault Allegations Amid California Governor's Race

California Democratic Congressman Eric Swalwell is facing serious sexual assault allegations from a former district office staffer, throwing his prominent gubernatorial campaign into turmoil. The accusations, first...

Iran's Missile Arsenal Poses Ongoing Risk Despite U.S. Claims of Destruction

Recent U.S. intelligence assessments reveal that Iran still maintains thousands of operational ballistic missiles, directly contradicting the White Houses assertion that the regimes military capabilities have been...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...