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USD/INR remains stuck in familiar range around 64.0 pivots

Jun 12, 2015 02:39 am UTC| Technicals

Foreign sales in stocks, bullish USD outlook to limit dips May CPI forecast 1.6%y/y vs 2.1% last; IP last 2.8%y/y INR NDFs traded 64.26-64.38 range o/n, closed 64.31-64.36 in...

USD/BRL reverses early gains, finds support by 21-HMA

Jun 11, 2015 18:07 pm UTC| Technicals

USD/BRL reverses early gains by 3.17 high, finds support by 21-HMA (3.1250) Resistance at 3.1712 Thurs high, then 3.2175 upper 21-d Bolli, support 21-HMA, then 21-DMA by 3.0984 BRL weak early after BCB cuts swap r/os, CB...

USD/MXN reverses early gains, eyes Fib support by 15.3773

Jun 11, 2015 16:06 pm UTC| Technicals

USD/MXN reverses early gains above 15.50, moves below Wed low to 15.40 Support 15.3773 50% Fib of 14.9845-15.77, 21-DMA at 15.3500 Resistance at 15.4803 daily pivot and 55-HMA by 15.5163 RM names tipped as USD sellers,...

EUR/JPY losing Bunds' support; techs heavy; yen doubts

Jun 11, 2015 14:50 pm UTC| Technicals

EUR is losing recent support as Bund yields retreating DAX rebounding Greek deal headlines conflicted as usual with IMF doubtful, EG hopeful Key supports 138.02-11 below Weds 138.44 low Rough double-top above 141 ...

USD/CLP reverses post-retail sales high, weak copper weighs

Jun 11, 2015 14:42 pm UTC| Technicals

USD/CLP hovers by 631.50, reverses post-retail sales flash high by 635 Weak copper (-2.25%) weighs on CLP, lower UST yields slows USD ascent 635.20 daily pivot resistance, 640.58 upper 21-d Bolli, 643.33 2015 high SASE...

AUD/USD sees poor price action, 55 & 21-DMA weigh

Jun 11, 2015 14:27 pm UTC| Technicals

Poor price action for AUD/USD bulls as 55 21-DMA weigh daily RSI rolls over Solid Oz jobs sees spike up, most gains erased in Europe, NY erases all 0.7685/00 is support, 10-DMA hourly lows in that area, above...

USD/JPY post retail sales pullback held 50% Fibo; 2-yr spreads lift

Jun 11, 2015 13:40 pm UTC| Technicals

USD/JPY post retail sales pullback held 50% of 122.55-124.19 rise at 123.32, 200-HMA at 124.26 upside pivot Pullback partly due to 10-yr yield spreads falling further as Tresury curve flattened USD/JPY correlation to...

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Economy

Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes

Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

Bank of Japan Governor Kazuo Ueda reaffirmed on Thursday that Japans real interest rates remain firmly in negative territory, signaling that the countrys financial conditions continue to support economic growth. His...

Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions

Japans consumer confidence took a significant hit in March, declining for the first time in three months as escalating fuel costs linked to the ongoing Middle East conflict continued to weigh heavily on the countrys...

China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

China may be closer to ending its prolonged deflationary period than financial markets currently anticipate, according to a recent note from ANZ analysts. The bank projects that three key price indicators the producer...

Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

President Donald Trump escalated tensions with Iran on Wednesday, declaring that all U.S. military assets including ships, aircraft, and personnel would remain stationed in the region until a formal agreement with Tehran...

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

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

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...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...
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