News
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Commodities
BREAKINGVIEWS-Alibaba partly punctures China's AI hopes
By Robyn Mak HONG KONG, May 16 (Reuters Breakingviews) - After talking up the promises and opportunities of artificial intelligence, Alibaba 9988.HK boss Eddie Wu is struggling to deliver. The Chinese e-commerce group's shares plunged nearly 8% in New York following tepid quarterly earnings. ...Reuters
Fri, May 16
Indices
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the second straight day on Friday, though the intraday downtick lacks bearish conviction.Fxstreet
Fri, May 16
Stocks
MORNING BID EUROPE-Trade-driven rally ends the week with a whimper
A look at the day ahead in European and global markets from Stella Qiu The week started with a bang but by Friday the risk-on rally - supercharged by a China-U.S. trade truce - was wearing thin as traders grew wary that the rebound had overshot and that more twists and turns lie ahead in the ...Reuters
Fri, May 16
Forex
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
The GBP/USD pair edges higher to around 1.3310 during the Asian trading hours on Friday. The Greenback weakens against the Pound Sterling (GBP) as downside surprises in the US economic data this week raise bets of more Federal Reserve (Fed) rate cuts this year.
Fxstreet
Fri, May 16
Other
US FAA approves license modifications for SpaceX Starship Flight 9 mission
By David Shepardson WASHINGTON, May 15 (Reuters) - The Federal Aviation Administration on Thursday said it approved license modifications for the SpaceX Starship Flight 9 mission, but did not immediately allow it to fly. SpaceX will not be allowed to launch until the FAA either closes its Star...Reuters
Fri, May 16
Forex
EUR/USD rebounds to near 1.1200 ahead of UoM Consumer Sentiment Index release
EUR/USD has recovered its daily losses, trading around 1.1200 during the Asian hours on Friday. The pair receives support as the US Dollar (USD) weakens following the recent economic data released on Thursday.
Fxstreet
Fri, May 16
Commodities
GRAINS-Chicago soybeans set for first weekly gain in three on demand prospects
BEIJING, May 16 (Reuters) - Chicago soybean futures are set for a weekly gain on Friday after two straight weeks of decline, as a China-U.S. tariff pause sparked hopes for increased Chinese demand, although uncertainty over the shape of a final trade deal lingered. Soybean contract Sv1 ...Reuters
Fri, May 16
Cryptocurrencies
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC on the verge of breakout, ETH and XRP hold key support levels
Bitcoin (BTC) price is approaching a crucial resistance level at $105,000 on Friday; a breakout would determine whether bulls regain full control. Ethereum (ETH) and Ripple (XRP) prices hold key support zones that may dictate the next directional move.
Other
Nvidia plans Shanghai research center, FT reports
May 16 (Reuters) - Nvidia NVDA.O is seeking to build a research and development center in China, and the company's top boss Jensen Huang discussed the plan with Shanghai's mayor Gong Zheng when they met in April, the Financial Times reported on Friday.Reuters
Fri, May 16
Other
Canadian oil producer Strathcona to initiate takeover bid for MEG Energy
May 15 (Reuters) - Canadian oil and gas producer Strathcona SCR.TO said on Friday that it will initiate a takeover bid for MEG Energy Resources MEG.TO in a deal that values the Canadian energy firm at C$5.93 billion ($4.25 billion), according to Reuters calculations.($1 = 1.3944 Canadian dollars)Reuters
Fri, May 16
Other
Tennis-Paul keeps on trucking in Rome after vehicle is repossessed at home
May 16 (Reuters) - Tommy Paul has had to put off-court distractions in his rear view mirror at the Italian Open this week after the American's beloved truck was repossessed at his home in Florida.Paul beat Hubert Hurkacz 7-6(4) 6-3 on Thursday to set up a semi-final against Jannik Sinner in Rom...Reuters
Fri, May 16
Cryptocurrencies
XRP Price Sinks Lower, But Chart Whisperers See a Trap for The Bears
XRP price started a downside correction below the $2.50 zone. The price is now consolidating and might find bids near the $2.350 support zone. XRP price started a fresh decline below the $2.550 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a key bearis...NewsBTC
Fri, May 16
