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FxWirePro: GBP/USD bulls loosen their grip a bit after UK inflation data, dips to be bought

May 21, 2025 12:06 pm UTC| Technicals

GBP/USD retreated on Wednesday as stronger-than-expected UK inflation data prompted investors to scale back expectations for imminent Bank of England rate cuts. Data showed, Britain saw a sharper-than-expected rise in...

FxWirePro: USD/CNY downside pressure builds, key support level in focus

May 21, 2025 10:48 am UTC| Technicals

USD/CNY slipped lower on Wednesday as the U.S. dollar softened amid investor focus on the progress of President Trumps tax bill. U.S. President Donald Trump faced a significant political setback as he failed to rally...

USDCHF Technical Analysis: Bears Target 0.8150 Amid US Economic Woes

May 21, 2025 10:37 am UTC| Technicals

USDCHF pared most of its gains on board-based US dollar weakness. It hit an intraday low of 0.82273 and is currently trading around 0.82324.Intraday bias appears to be bearish as long as theresistance 0.8405 holds. The...

BNB/USD: Bullish Momentum Intact, Eyes $800/$1000 on Break Above $680

May 21, 2025 10:15 am UTC| Digital Currency Technicals

BNB/USD gained slightly following the foot steps of Bitcoin. It hits an high of $669 at the time of writing and is currently trading around $661.16. Overall bias remains bullish as long as support $500 holds. It trades...

Major European Indices

May 21, 2025 10:09 am UTC| Technicals

Germany DAX - 23981 (-0.32%) Major resistance- 24000 Near-term resistance 24000/24345/24500. Minor support - 23790/23600/23475/23350/23500/23380/23200/23080/22900/22780. Trend reversal level-...

EURGBP Technical Analysis: Bulls Eye 0.8600 Amid Euro Area Vulnerabilities

May 21, 2025 10:07 am UTC| Technicals

EURGBP recovered sharply after on board-based Euro buying. Intraday bias remains bullish as long as support 0.8420 holds. It hits an intraday high of 0.84531 and is currently trading around 0.84527. The ECBs May 2025...

EUR/JPY Weakness Persists: Sell on Rallies for Potential Profit

May 21, 2025 08:42 am UTC| Technicals

EUR/JPYtrades weak despite strong Euro. It hit a low of 162.65 and is currently trading around 162.91. Intraday outlook is bearish as long as the resistance 165 holds. Technical Analysis: The EUR/JPY pair is...

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Economy

Germany Producer Prices Rise 1.8% in June, Missing Forecasts

Germanys producer prices rose 1.8% year-over-year in June, according to data released on Monday by the countrys federal statistics office, signaling continued inflationary pressures at the factory-gate level while coming...

Hong Kong AI Stocks Rally as Moonshot AI’s Kimi K3 Launch Boosts Market Optimism

Hong Kong-listed technology and artificial intelligence stocks surged on Monday as investors cheered Chinas accelerating progress in generative AI, driven by Moonshot AIs newly launched Kimi K3 large language model and...

Asian Currencies Hold Steady as Fed Outlook Offsets Middle East Tensions

Asian currencies traded in narrow ranges on Monday as investors weighed renewed demand for the U.S. dollar following escalating tensions in the Middle East against lower U.S. Treasury yields and expectations that the...

China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven

Chinas central bank left its benchmark lending rates unchanged on Monday for the 14th straight month, in line with market expectations, as policymakers continued to prioritize monetary policy stability while navigating an...

Gold Prices Slip Near $4,000 as U.S.-Iran Conflict Fuels Inflation Fears

Gold prices edged lower on Monday, hovering near the critical $4,000-an-ounce level as escalating military tensions between the United States and Iran pushed oil prices higher and renewed concerns that inflation could...

Politics

Russia Launches Massive Missile Attack on Kyiv as Ukraine Urges More Air Defenses

Russia launched one of its largest ballistic missile attacks on Kyiv since the start of the war, killing at least one person and injuring 16 others, according to Ukrainian President Volodymyr Zelensky. The overnight...

Trump Says Qatari-Donated Air Force One Jet to Undergo Security Upgrades Soon

U.S. President Donald Trump said the Qatari-donated Boeing 747 currently serving as Air Force One will soon be sent for additional upgrades aimed at maximizing its capabilities, addressing ongoing questions about the...

Trump Calls for Review of Federal Judicial Center Climate Science Manual

U.S. President Donald Trump has called for a review of the Federal Judicial Centers (FJC) scientific reference manual related to climate change, claiming the publication contains discredited information that has...

Trump Urges Canada to Curb Ontario Wildfires, Floats Tariffs Over Smoke Impact

U.S. President Donald Trump said he urged Canadian Prime Minister Mark Carney to strengthen efforts to control the ongoing Ontario wildfires, arguing that the smoke drifting into the United States has disrupted daily life...

Hungary President Tamas Sulyok Removed After Constitutional Amendment Signed

Hungarian President Tamas Sulyok has signed a constitutional amendment that immediately ends his term in office, formalizing a major political overhaul led by Prime Minister Peter Magyar and his ruling Tisza party. 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

Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas

Samsung Electronics has reduced its workforce in the United States as it relocates the headquarters of its consumer electronics business from New Jersey to Texas, affecting hundreds of employees while maintaining that the...

ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone?

The global artificial intelligence boom has fueled a remarkable rise in ASMLs market value, positioning the Dutch semiconductor equipment maker as Europes most valuable listed technology company. Following...

Bank of America Says These Overlooked AI Stocks Could Be the Next Winners

While semiconductor companies, AI hardware makers, and the Magnificent Seven have dominated the artificial intelligence rally, Bank of America believes the next phase of AI-driven gains could come from less obvious...

Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion

Taiwans Hon Hai Precision Industry, better known as Foxconn, has reportedly secured its first contract to manufacture artificial intelligence (AI) servers for Elon Musks SpaceX, marking a major expansion of its AI...

SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay

SpaceX (NASDAQ: SPCX) plans to launch the 13th test flight of its Starship rocket as early as Thursday, following the cancellation of a previous launch attempt just minutes before liftoff due to engine startup issues. The...
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