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FxWirePro: EUR/GBP trades a narrow range into the European open, bias lower

May 27, 2016 06:13 am UTC| Technicals

EUR/GBP trades a narrow 15 pips range ahead of the European session, days high at 0.7636 and lows at 0.7621. The pair has been trading a falling wedge pattern since April 2016. After a brief break below, the pair...

FxWirePro:Gold faces strong support at $1211, good to buy at dips

May 27, 2016 05:35 am UTC| Technicals

Major support- $1211 (100 W EMA) The yellow metal has broken $1217.65 low made on Wednesday today morning and declined till $1211.52 at the time of writing. Gold has jumped till $1234 yesterday and started to...

FxWirePro: Indian rupee hits fresh weekly high against US dollar, intraday bias remains neutral

May 27, 2016 05:11 am UTC| Technicals

USD/INR is currently trading around 67.05. It made intraday high at 67.10 and low at 66.97 marks. Intraday bias remains neutral for the moment. A sustained close below 66.96 will tests key supports at...

FxWirePro: AUD/USD lacks clear direction, hovers around 61.8% Fib at 0.7212

May 27, 2016 05:09 am UTC| Technicals

AUD/USD lacks clear direction, extends range trade around 61.8% Fib at 0.7212. Pair finds major resistance at 0.7242, upside potential only on decisive break above. While 0.72 (5-DMA and psychological level) is...

FxWirePro: USD/JPY holds major support at 109.80, weakness only on break below

May 27, 2016 04:22 am UTC| Technicals

USD remains bid as markets digest hawkish speeches from the Fed officials, Feds Powell suggested overnight that Fed should raise rates fairly soon. JPY also remained buoyed amid ongoing chatter that Japans PM Abe will...

FxWirePro: AUD/NZD fails to break key resistance at 1.0747, good to sell on rallies

May 27, 2016 03:37 am UTC| Technicals

AUD/NZD is trading around 1.0704 marks. Pair made intraday high at 1.0718 and low at 1.0694 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0747 marks. A daily close below...

ASX200 breaks major resistance 5400, targets 5485/5530

May 27, 2016 02:44 am UTC| Technicals

Major resistance - 5400 Major intraday Support - 5350 ASX200 has broken major resistance 5400 and jumped till 5431. It is currently trading at 5417. Short term trend is slightly bullish as long as support...

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Economy

India's Central Bank Holds Rates Amid Iran War Energy Shock

Indias Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has...

Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110

Oil prices briefly surged past $110 per barrel on Monday after President Donald Trump escalated military and diplomatic pressure on Iran, demanding the reopening of the Strait of Hormuz by Tuesday evening or face strikes...

Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions

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Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices

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India's Services Sector Growth Slows to 14-Month Low in March Amid Rising Costs

Indias services sector expanded at its slowest pace in 14 months during March, as the ongoing Middle East conflict weighed on domestic demand and cost pressures intensified sharply, according to the latest HSBC India...

Politics

Hegseth Warns of Heaviest Strikes Yet as Trump Issues Iran Ultimatum Over Nuclear Deal

President Donald Trump escalated tensions with Iran on Monday, warning that the United States could launch devastating attacks on Iranian civilian infrastructure including power plants and bridges unless Tehran agrees to...

Trump's Iran Deadline Is Final: Nuclear Deal Talks at Critical Juncture

With tensions escalating rapidly in the Middle East, U.S. President Donald Trump declared Monday that his Tuesday deadline for Iran to reach a nuclear agreement is firm and unlikely to be pushed back. Speaking to reporters...

Indonesia Files Genocide Case Against Myanmar's Min Aung Hlaing Over Rohingya Crisis

A coalition of civil society organizations filed a landmark criminal complaint in Indonesia on Monday against Myanmars newly elected President Min Aung Hlaing, accusing him of committing genocide against the Rohingya...

Ukrainian Drone Strikes Hit Novorossiysk, Injuring Eight and Cutting Power Across Russia

At least eight people, including two children, were injured Monday after Ukrainian drones struck Novorossiysk, a major Russian Black Sea port city. Local authorities confirmed that several residential buildings sustained...

Trump Endorses Steve Hilton for California Governor

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Science

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

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 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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...
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