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FxWirePro: S&P500 Short term Outlook

Mar 05, 2020 13:11 pm UTC| Technicals

SP500 has shown a dead cat bounce till 3130 levels and started to decline. The index has lost more than 15% due to the outbreak of coronavirus. The overall trend is weak as long as resistance 3145-50 holds. The index hits...

FxWirePro: EURUSD holds above 1.1150 on coronavirus uncertainty, good to buy on dips

Mar 05, 2020 12:15 pm UTC| Technicals

EURUSD recovers sharply nearly 90 pips from yesterdays low of 1.10956. US dollar was unable to hold gains as markets expect more rate cut form Fed to counter coronavirus. The overall trend is still bullish as long as...

FxWirePro: USD/TRY consolidates near 3-week low, struggles to regain 6.1000

Mar 05, 2020 11:47 am UTC| Technicals

The Turkish Lira nudged higher, hovering towards to a 3-week peak hit earlier in the week. USD/TRY is trading down at 6.0730, having hit a high of 6.2569 on Monday, its highest since September 2018. Momentum...

FxWirePro: USDCAD recovers after BOC cuts rates by 50 bps, good to buy on dips

Mar 05, 2020 11:42 am UTC| Technicals

USDCAD increased sharply more than 100 pips after BOC cuts rates by 50 bps to 1.25% yesterday. Following the footsteps of the Fed, the Canadian central bank slashed the rates due to risks of COVID-19. The pair hits high of...

FxWirePro: Sell USDJPY on rallies

Mar 05, 2020 11:27 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- 107.29 Kijun-Sen- 108.14 USDJPY declined slightly after a minor jump to 107.73. The total number of people infected crossed more than 25 in India and global...

FxWirePro: EUR/SEK halts 2-day losing streak, good to buy on dips

Mar 05, 2020 10:55 am UTC| Technicals

The Swedish Krona declined, hovering away from a 2-1/2 week peak recorded earlier in the week despite better-than-expected industrial production and new order figures. Swedens industrial production rose 0.1 percent...

FxWirePro: USD/DKK hovers towards 2-month trough, intraday bias bearish

Mar 05, 2020 09:49 am UTC| Technicals

The Danish Krone rose, hovering towards a near 2-month high as investors awaited January industrial production figures due tomorrow. Denmarks industrial production increased 7.40 percent in December after tumbling 5.6...

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Economy

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...

Dollar Posts Worst Monthly Loss Since April as Fed Uncertainty and Yen Intervention Shake FX Markets

The U.S. dollar ended July with its weakest monthly performance since April, as growing doubts over the Federal Reserves commitment to controlling inflation weighed on the currency and fueled a sharp sell-off in U.S....

US Jobs Report, Fed Outlook, and Big Tech Earnings Put Stock Market in Focus

U.S. stock market investors are preparing for another volatile week as the July jobs report, key corporate earnings, and Federal Reserve policy expectations shape market sentiment. While the SP 500 ended the week higher,...

Politics

Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight

Warner Bros. Discovery (NASDAQ: WBD) shares climbed 3% on Friday, while Paramount Global gained 1.6%, after a Wall Street Journal report suggested California Governor Gavin Newsom is concerned that the states antitrust...

Trump-Backed Russia Sanctions Bill Faces House Hurdles Over Tariff Powers

A bipartisan Russia sanctions bill backed by President Donald Trump is facing growing resistance in Congress, with Democrats, some Republicans, and trade groups warning that it would grant the president sweeping new tariff...

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....

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

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...

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...