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USD/MXN off early lows, focus on rising US bond yields

May 20, 2015 14:45 pm UTC| Technicals

USD/MXN rising with US yields despite rise in oil Resistance at 15.2919 21-DMA, 15.3210 daily pivot resistance, CB caps 15.4228 Support 15.2076 10-HMA, 15.1640 daily pivot, 15.0546 100-DMA the floor Fed mins tipped...

EUR/USD slide so far stalled above Mar swing high at 1.1062

May 20, 2015 14:35 pm UTC| Technicals

EUR/USD capped by hourly TrendLines, reversed the NY Open rebound Weeks slide so far stalled above Mar swing high at 1.1062, but up TrendLine broken 2-yr Bund-Treasury yield spreads are weighing back by this weeks...

USD/JPY above 121 again, eyes Mar 20 high at 121.16-20

May 20, 2015 14:07 pm UTC| Technicals

Source: Thomson Reuters USD/JPY sees new run at 121.16-20 hurdles; 121.59 Fibo Not getting much help from Treasury yields, but USD bid since Tuess US data NY dip bought above 121 again, with 76.4% Mar 20 high at...

GBP/USD 200DMA (1.5590) in focus again

May 20, 2015 13:44 pm UTC| Technicals

GBP/USD 200DMA is now 1.5590 vs 1.5597 Tuesday, with offers touted at 1.5590 1.5568 = intra-day high vs 1.5473 early Europe low (pre-MPC minutes) Cable broke below 200DMA pre-soft UK CPI data Tuesday, en route to...

EUR/JPY closer to 21-DMA target from Bolli correction

May 20, 2015 13:29 pm UTC| Technicals

EUR/JPY slide stalled by EUR/USDs 1.1062 support, pair driven mostly by EUR/USD Pair closer to 21-DMA target from Bolli correction, last at 133.44, offers 134.75/135/135.20-25 Series of higher swing lows in May intact...

GBP/USD hourly cloud base stalls recovery, more easing on the cards

May 20, 2015 13:23 pm UTC| Technicals

Source: Thomson Reuters GBP/USD hourly cloud base at 1.5568 stalls the recovery Hourly support at 1.5512 then 1.5473 session lows 1.5447 the low yesterday, looking for a return under 50% broken fibo at...

AUD/USD sets new lows as spreads tighten

May 20, 2015 13:02 pm UTC| Technicals

AUD/USD sets new lows as spreads tighten while copper iron-ore are heavy again Pair breaks series of daily lows, sub-0.7863 eyes 0.7775/87 (61.8 Fib 0.7534-0.8164, 55DMA, 5/5 low) Rally off 2015 low intact but RSI gives...

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Economy

South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening

South Koreas central bank raised its benchmark interest rate by 25 basis points to 2.75% on Thursday, marking its first rate hike in three and a half years as policymakers moved to curb persistent inflation and support the...

US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears

U.S. stock index futures traded slightly higher late Wednesday after softer-than-expected June inflation data eased concerns that the Federal Reserve could resume raising interest rates in the near term. However, ongoing...

UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List

UBS has strengthened its bullish stance on Chinese equities by adding Kuaishou Technology (HK:1024) and Meituan (HK:3690) to its China Global Equity Focus List while increasing allocations to Alibaba Group, Ping An...

Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears

Global oil prices extended their rally for a fourth consecutive session on Thursday as renewed U.S. military strikes on Iranian targets heightened concerns over escalating conflict in the Middle East and potential...

Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs

The Port of Los Angeles handled a record amount of cargo in June as importers accelerated shipments ahead of higher fuel costs and new U.S. tariffs, highlighting continued strength in U.S. trade activity despite growing...

Politics

US Restricts Commercial Flights From Congo Amid Ebola Outbreak

The United States has introduced new travel restrictions tied to the ongoing Ebola outbreak in the Democratic Republic of Congo (DRC), preventing U.S. citizens and nationals who have been in the country within the previous...

NY Times Challenges Trump Administration Subpoenas Over Air Force One Report

The New York Times has asked a federal court to block grand jury subpoenas issued to three of its journalists following their reporting on President Donald Trumps new Qatari-donated Air Force One, escalating a legal battle...

Trump Orders ICE to Resume Traffic Stops After Deadly Immigration Enforcement Incidents

U.S. President Donald Trump has ordered Immigration and Customs Enforcement (ICE) agents to resume using traffic stops during immigration enforcement operations, reversing a temporary suspension announced just a day...

Russian Missile Strike Sparks Fires in Kyiv After Early Morning Air Alert

Russian missiles struck at least two districts in Ukraines capital, Kyiv, early Thursday, igniting fires and prompting authorities to issue an air raid alert before declaring the immediate danger over. Kyiv Mayor Vitali...

Senate Weighs Permanent Daylight Saving Time Bill as Support Remains Uncertain

The U.S. Senate is reviewing legislation that would make daylight saving time permanent nationwide, but Senate Majority Leader John Thune said it remains uncertain whether the proposal has enough support to pass the...

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

Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks

JPMorgan Chase CEO Jamie Dimon has warned that Anthropics advanced Mythos artificial intelligence model presents significant national security risks, highlighting growing concerns over the potential misuse of powerful AI...

SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry

SpaceX shares fell below their initial public offering (IPO) price for the first time on Wednesday, highlighting growing investor caution as the companys early post-listing momentum continues to fade. The stock dropped...

xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes

Elon Musks artificial intelligence company xAI has filed a federal lawsuit against a South Carolina man accused of using its Grok chatbot to generate child sexual abuse material (CSAM) and non-consensual explicit...

Trump Slams New York Data Center Ban, Warns AI Investment Could Shift to Other States

U.S. President Donald Trump sharply criticized New Yorks new one-year moratorium on large-scale data center construction, arguing that the move will discourage investment, eliminate jobs, and weaken the states position in...

Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features

Apple has moved a step closer to launching Apple Intelligence in China after the countrys cyberspace regulator officially registered the companys on-device generative AI service for use on iPhones. The approval marks a...
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