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FxWirePro: EUR/USD bulls bounce but restrained below 21-DMA, Bears bank on 6m lows – Trade boundary strikes and short hedge

May 31, 2018 06:05 am UTC| Technicals

EURUSD rallies are spiking above 7DMAs since yesterday but remain below 21DMA levels, for now, more upswings seem dubious as both trend indicators (DMA and MACD) show bearish crossovers (refer daily plotting), while...

FxWirePro: Thai baht trades almost flat agaiant U.S. dollar ahead of various economic data

May 31, 2018 05:18 am UTC| Technicals

USD/THB is currently trading around 32.01 marks. It made intraday high at 32.06 and low at 31.97 marks. Intraday bias remains neutral till the time pair holds key support at 31.97 mark. On the top side, key...

FxWirePro: AUD/CAD extends downside after 'Shooting Star' formation, breaks below 50-DMA, bias lower

May 31, 2018 05:17 am UTC| Technicals

AUD/CAD struggles at 200-DMA, slips lower from brief break above with a Shooting Star formation. The Bank of Canada kept rates unchanged on Wednesday but the hawkish tinge put a bid under the Canadian...

FxWirePro: Nikkei recovers slightly on easing Italian political uncertainty, good to sell on rallies

May 31, 2018 04:24 am UTC| Technicals

Asian markets have recovered slightly on account of slightly easing Italy political uncertainty. USD/JPYis trading marginally stronger after hitting low of 108.11 yesterday.Italy President blocked the formation of euro...

FxWirePro: Bullish engulfing pattern seen on AUD/USD, stay long on break above 23.6% Fib at 0.7583

May 31, 2018 04:23 am UTC| Technicals

AUD/USD is trading in a long-term falling channel and we see that the longer-term bearish bias for the pair remains intact. For a near-term we see volatility on account on the emerging geo-political scenarios in EU...

FxWirePro: Singapore dollar erases previos loss against U.S. dollar, good to sell on rallies

May 31, 2018 04:07 am UTC| Technicals

USD/SGD is currently trading around 1.3383 marks. It made intraday high at 1.3406 and low at 1.3375 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3470 mark. A daily close...

FxWirePro: Chinese yuan strengthens on robust manufacturing PMI data, PBOC sets yuan mid-point at 6.4144

May 31, 2018 03:14 am UTC| Technicals

USD/CNY is currently trading around 6.4102 marks. It made intraday high at 6.4174 and low at 6.4102 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.4190 marks. A...

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Economy

States Sue Trump: 25 Challenge "Unconstitutional" Tariffs on 60 Countries in High-Stakes Trade Clash

Twenty-five American states have challenged the Trump administration in the U.S. Court of International Trade, claiming the new tariffs on imports from 60 countries are unconstitutional and beyond presidential authority....

India Plans Tax Reforms to Boost Foreign Investment and Manufacturing

Indias government is preparing a new package of tax reforms designed to attract foreign investment and strengthen the countrys manufacturing sector, according to a Bloomberg News report citing people familiar with the...

Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning

Japans Economy Minister Minoru Kiuchi said consumer price increases remain moderate despite ongoing geopolitical tensions in the Middle East, suggesting that inflationary pressures are still under control even as the Bank...

Asian Currencies Mixed as Yen Retreats, Traders Eye U.S.-Iran Talks and Fed Data

Asian currencies traded in mixed fashion on Tuesday as investors remained cautious over conflicting signals surrounding potential U.S.-Iran negotiations, while attention shifted to a busy week of U.S. economic data that...

Asian Stocks Rise as AI Optimism Returns, Australia Hits Record High Ahead of RBI Decision

Asian stock markets traded mostly higher on Tuesday as investors cautiously returned to technology stocks after Julys AI-driven selloff, while Australias strong gains helped offset weakness in Japan and Hong Kong. Improved...

Politics

Trump Urges Exxon, Chevron to Cut Gas Prices After Record Oil Profits

U.S. President Donald Trump criticized ExxonMobil and Chevron for earning massive profits from elevated oil prices, urging the energy giants to lower fuel costs and return some of their gains to American consumers....

Brown University President Christina Paxson to Step Down After Clashes With Trump Administration

Brown University President Christina Paxson announced on Monday that she will step down at the end of the current academic year, concluding a tenure marked by major challenges, including a high-profile dispute with...

US Supreme Court Lets $655.5 Million Judgment Against Palestinian Authorities Stand During Appeal

The U.S. Supreme Court declined to temporarily block a $655.5 million judgment against the Palestinian Authority (PA) and the Palestine Liberation Organization (PLO), allowing the damages award to remain in effect while...

North Korea Rejects U.S. Cyber Threat Claims, Slams Allied Warning

North Korea has dismissed recent accusations by the United States and its allies over alleged cyber activities, calling them politically motivated and aimed at justifying pressure on sovereign nations. According to state...

US State Department Plans to Close Five Foreign Missions in Global Diplomatic Restructuring

The U.S. State Department has informed Congress that it intends to close five overseas diplomatic missions as part of a broader effort to streamline Americas diplomatic network under the Trump administration, according to...

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

Apple Restores Telegram to App Store After Content Policy Violation

Apple briefly removed Telegram from its App Store after a review found content that violated its App Store guidelines prohibiting child sexual abuse material (CSAM), the company confirmed on Monday. The messaging platform...

SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal

SK Hynix and representatives of one of its South Korean labor unions resumed negotiations on Tuesday, holding a fifth round of talks over the semiconductor companys employee bonus structure at its Cheongju manufacturing...

Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook

Palantir Technologies (NASDAQ: PLTR) surged in after-hours trading on Monday after reporting stronger-than-expected second-quarter earnings and raising its full-year 2026 guidance, fueled by accelerating demand for its...

Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum

Chinese artificial intelligence startup Vast is reportedly exploring a potential initial public offering (IPO) in Hong Kong, signaling growing investor interest in Chinas fast-expanding AI sector. According to a Bloomberg...

Telegram Restored on Apple App Store After Temporary Removal

Telegram has confirmed that its messaging app is once again available on Apples App Store after users briefly encountered an unexpected outage that removed the app listing. The company announced on Monday that the issue...