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AUD/NZD pierces 21, 200 & 10-DMAs, bull signs upped

May 29, 2015 16:17 pm UTC| Technicals

AUD/NZD pierces 21, 200 10-DMAs, Trend-line off Mays high also cleared Market ups chance (55%) of RBNZ cut, has NZD broadly offered RSIs are firmly biased up give bulls solid momentum Immediate resistance near 1.0800,...

USD/MXN lower post-Chi PMI data, real money bids tipped near 15.30

May 29, 2015 14:48 pm UTC| Technicals

USD/MXN lower post-Chi PMI data (46.2 v 53 Rtrs forecast), reverses with US yields Higher highs higher lows point to further gains, market wary of Banxico intervention Support at 15.3145 todays low, 15.2885 Kijun line,...

USD/JPY dips on Chicago PMI miss, supported by hourly up trendline 123.66

May 29, 2015 14:31 pm UTC| Technicals

Chicago PMI miss hits USD, USD/JPY slips but dip limited to 123.80 so far Pair above 123.66 hourly up trendline support, that trendline will be reinforced by the hourly Cloud base at 123.61 this afternoon Treasury yields...

EUR/GBP rises to 0.72, month-end buying seen as prime factor

May 29, 2015 14:09 pm UTC| Technicals

EUR/GBP rise to 0.72 today, month-end buying flagged as prime factor 0.72 = 10-day high. 0.7140 was early Europe low (0.7152 = Thursday high) 0.7057 (Wednesdays 11wk low) among EUR/GBP bear targets EUR could take hit on...

USD/MXN slips as US Q1 GDP remains weak

May 29, 2015 13:35 pm UTC| Technicals

USD/MXN holds near session highs by 15.35 after US Q1 GDP data Resistance at 15.43/44 early May highs, 15.5209 upper 21-d Bolli, support at 15.2723 21-DMA RM offers tipped above 15.40, stops above 15.45 Q1 GDP revised...

USD/JPY uptrend stalled by weaker USD-JPY 2-yr yield spreads & N225

May 29, 2015 12:25 pm UTC| Technicals

USD/JPY holding hourly up TrendLine from the 27th, last at 123.65; Japan bids down to 123.50 Weaker USD-JPY 2-yr yield spreads N225 prices stalling daily uptrend 124.50 barriers key pivot toward 125 RKO and major tech...

AUD/USD overnight lift stalls at old support, US data on tap

May 29, 2015 12:21 pm UTC| Technicals

AUD/USD overnight lift capped at old support/now resistance near 0.7675/85 Pair slips now flat on day, above 0.7840 eases bear pressure Long upper wick on todays candle, yield spread tighten, techs lean bearish US econ...

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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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