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Chart alert: China A50 bullish breakout above 6-month resistance
China A50 breaks above a 6-month resistance, reinforcing a bullish outlook as the index outperforms global peers amid geopolitical tensions. Gains of 7% since late February highlight resilience despite the US–Iran conflict. A strengthening yuan, improving tariff conditions, and anticipation around the Trump–Xi meeting are key catalysts. Technical signals confirm upside momentum, with the breakout supported by an ascending channel and bullish RSI, pointing to further gains ahead.
06-05-2026 09:44 GMT by Kelvin Wong
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Chart alert: USD/JPY bearish breakdown from “Ascending Wedge”, it smells like another intervention
USD/JPY extends its downside after Japan’s $34.5B intervention triggered a sharp 2.4% drop to a two-month low. A brief rebound now looks like a dead cat bounce within a developing bearish trend. Technical signals reinforce weakness, with a breakdown below the ascending wedge at 157.55 pointing to renewed selling pressure. Markets are increasingly alert to potential follow-up intervention, with 155.55 emerging as the key near-term support level to watch.
06-05-2026 05:04 GMT by Kelvin Wong
Asia open: Equities hit records as geopolitical tensions cool and oil dips
Global markets surged as easing US–Iran tensions and softer oil prices lifted risk appetite, driving the S&P 500 and Nasdaq to record highs. Strong earnings momentum, led by mega-cap tech and the AI infrastructure boom, continues to underpin equities. The Australian dollar rebounded on hawkish RBA guidance, while a cooling geopolitical risk premium capped US dollar gains. Asia-Pacific markets followed Wall Street higher, supported by resilient sentiment.
06-05-2026 04:02 GMT by Kelvin Wong
GBP/USD Potential Trade Setups: Two opportunities on the bullish retest and breakout play
GBP/USD Technical Analysis: The British Pound shows significant resilience, breaking key structural resistance and reclaiming the 1.35000 support. The H4 chart suggests a bullish trend reversal. This article details the cautiously optimistic technical outlook and provides potential trade entries, stop losses, and targets, including the Bullish Retest and Breakout Play configurations.
05-05-2026 18:54 GMT by Zain Vawda

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Asia open: Equities hit records as geopolitical tensions cool and oil dips
Global markets surged as easing US–Iran tensions and softer oil prices lifted risk appetite, driving the S&P 500 and Nasdaq to record highs. Strong earnings momentum, led by mega-cap tech and the AI infrastructure boom, continues to underpin equities. The Australian dollar rebounded on hawkish RBA guidance, while a cooling geopolitical risk premium capped US dollar gains. Asia-Pacific markets followed Wall Street higher, supported by resilient sentiment.
06-05-2026 04:02 GMT by Kelvin Wong
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Asia open: Markets brace for RBA decision and US Services PMI looms
Markets open in Asia with focus on the RBA rate decision and US ISM Services PMI as policy divergence and geopolitical risks drive volatility. Strong US data reinforces a higher-for-longer Fed stance, while rising oil prices amid US–Iran tensions keep inflation concerns elevated. Equities remain cautious, the US dollar holds firm, and commodities stay supported, with WTI crude maintaining a bullish structure above key support levels.
05-05-2026 01:33 GMT by Kelvin Wong
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