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FxWirePro: USD/CAD runs out of steam but, upside bias remains

May 24, 2016 18:03 pm UTC| Technicals

Canadian dollar firmed against broadly stronger dollar on Tuesday as higher oil prices helped Canadian dollar reduce some losses against green back. However, the ongoing bullish trend is set to continue for this pair...

FxWirePro: USD/JPY consolidates around 109.99 levels, bias remains bullish

May 24, 2016 16:03 pm UTC| Technicals

The USD/JPY rose on Tuesday as increased speculation for an interest rate hike in coming months from Federal Reserve strengthened dollar across the board. Traders expectation of a rate increase from Federal Reserve...

FxWirePro: GBP/USD remains bullish as rally continues

May 24, 2016 14:25 pm UTC| Technicals

The Sterling surged higher against the greenback on Tuesday, extending above 1.4600 levels its highest level in more than 4 days, before retreating back towards 1.4592 levels in the early US session. The GBP got a...

US Dollar Index Trade Idea

May 24, 2016 12:22 pm UTC| Technicals

Major resistance- 95.50 (May 19th 2016 high) Major support 94.80 (55 day 4 H EMA) US Dollar index has surged past 95.50 and jumped till 95.54 at the time of writing. It is currently trading around...

FxWirePro: CAD/JPY forms Bullish Gartley Pattern, good to buy at dips

May 24, 2016 11:32 am UTC| Technicals

Harmonic Pattern Formed- Bullish Gartley pattern Potential Reversal Zone (PRZ) 82.25 CAD/JPY has completed its Bullish Gartley Pattern at 82.90. It is currently trading around 83.35 level. Short term trend...

US Dollar Index breaks major resistance at 95.20, jump till 96.40 is possible

May 24, 2016 11:29 am UTC| Technicals

Major resistance- 95.50 (May 19th 2016 high) Major support 94.80 (55 day 4 H EMA) US Dollar index has surged past 95.50 and jumped till 95.54 at the time of writing. It is currently trading around...

FxWirePro: EUR/GBP breaks major support at 0.7683 on poor German ZEW sentiment data

May 24, 2016 09:16 am UTC| Technicals

Weakness seen in the single currency as German business morale deteriorated in May, following two straight months of increases. The headline ZEW economic sentiment came in much weaker at 6.4 points in May as compared...

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Economy

U.S. Futures Slip as Iran Rejects Ceasefire and Trump Deadline Looms

U.S. stock index futures edged lower Monday evening as investors remained on edge over escalating tensions in the Middle East, with President Donald Trumps deadline for Iran to reopen the Strait of Hormuz fast approaching...

Gold Prices Drop for Third Consecutive Session Amid Iran Tensions and Inflation Fears

Gold prices continued their downward trend in Asian trading on Tuesday, marking a third straight session of losses as markets grappled with mounting inflation concerns and escalating geopolitical tensions tied to U.S....

Global Markets Waver as U.S.-Iran War Deadline Looms and Oil Prices Surge

Global financial markets remained cautious on Tuesday as investors braced for a critical deadline in the ongoing U.S.-Israel war against Iran, which has sent oil prices soaring and renewed fears of stagflation across the...

US Dollar Dips as Iran Rejects Ceasefire Amid Rising Middle East Tensions

The US dollar edged lower on Monday as geopolitical uncertainty intensified after Iran rejected a Pakistan-brokered ceasefire proposal, pushing the US Dollar Index down marginally to 99.98. The euro remained flat due to...

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...

Politics

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

UN Security Council Votes on Watered-Down Strait of Hormuz Resolution Amid China Opposition

The United Nations Security Council is set to vote Tuesday on a resolution aimed at protecting commercial shipping through the Strait of Hormuz, though the proposal has been significantly weakened following resistance from...

Trump Administration Terminates Title IX Agreements Protecting Transgender Students

The Trump administration has officially ended six resolution agreements that previously protected transgender students under Title IX, marking another significant step in the administrations ongoing effort to roll back...

Iran-US War Tensions Escalate as Trump Sets Deadline for Strait of Hormuz Deal

Diplomatic tensions between Iran and the United States have reached a critical breaking point as President Donald Trump issued a firm Tuesday night deadline demanding Iran reopen the Strait of Hormuz a strategic waterway...

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...

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

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

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

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...