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FxWirePro: USD/JPY holds 55-EMA and daily cloud support, break below to see further weakness

Mar 07, 2022 09:58 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading 0.26% higher on the day at 115.04 at around 09:50 GMT. The pair has paused downside at 55-EMA and daily cloud support, weakness only on break below. Soaring oil...

FxWirePro- DAX and FTSE100 Daily Outlook

Mar 07, 2022 09:40 am UTC| Technicals

FTSE 100- The UK index hits seven months low on global market turmoil. Russia and Ukraine war has affected global market sentiment and decreased demand for riskier assets like stocks. Crude surged above $125 on...

FxWirePro- GBPJPY Daily Outlook

Mar 07, 2022 09:11 am UTC| Technicals

Short-term resistance -152.75 Intraday Support- 151.25 GBPJPY is trading weak for the third consecutive week on the weak Pound sterling. It has lost more than 400 pips against the US dollar as Russia and Ukraine war...

FxWirePro: AUD/USD extends break above 200-DMA, outlook bullish

Mar 07, 2022 05:42 am UTC| Technicals

Chart - Courtesy Trading View Spot Analysis: AUD/USD was trading 0.57% higher on the day at 0.7415 at around 05:30 GMT Previous Weeks High/ Low: 0.7380/ 0.7157 Previous Sessions High/ Low: 0.7380/...

FxWirePro- Gold Weekly Outlook

Mar 07, 2022 05:32 am UTC| Technicals

Ichimoku Analysis (Weekly chart) Tenken-Sen- $1877 Kijun-Sen- $1848.09 Gold was one of the best performers and hits a 17-month high as the Ukraine crisis intensifies. The war between Russia and Ukraine...

FxWirePro:GBP/AUD drops below 1.8000 level, heads deeper into bear territory

Mar 04, 2022 23:46 pm UTC| Technicals

GBP/AUD declined on Friday as Australian continued to benefit from higher commodity prices Dalian iron ore closed up 2.8% , LNG prices hit record high. Iron ore, LNG and coal are big export earners for Australia ...

FxWirePro:EUR/NZD extends drop, critical support lies ahead

Mar 04, 2022 23:25 pm UTC| Technicals

EUR/NZD declined on Friday as higher commodity prices and lowered expectations of European economic growth weighed on the pair. Euro declined as investors worried that higher commodity prices will dent growth in the...

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Economy

Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market

Lee Seung-heon, a leading candidate to become the next governor of the Bank of Korea (BOK), has voiced support for raising property ownership taxes as a way to curb surging home prices, while warning that a shift toward...

Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk

Most Asian currencies traded within a narrow range on Monday, reflecting cautious sentiment as investors awaited key economic data from the United States and China. The Japanese yen edged slightly higher after Japans...

Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data

Gold prices edged higher during Asian trading on Monday, with silver also posting strong gains, as precious metal markets attempted to stabilize after a week marked by sharp volatility. The rebound comes amid lingering...

UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves

Starting salaries for permanent employees in the UK recorded their strongest increase in nearly a year and a half in January, signaling early signs of stabilization in the British labor market. According to the latest...

Australian Household Spending Dips in December as RBA Tightens Policy

Australian household spending declined in December as consumers eased back after heavy year-end sales activity, but solid sales volumes continued to highlight why the Reserve Bank of Australia (RBA) recently raised...

Politics

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Trump Administration Appeals Court Order to Release Hudson Tunnel Project Funding

The administration of U.S. President Donald Trump has filed an appeal challenging a federal court decision that ordered the Transportation Department to unfreeze funding for the $16 billion Hudson Tunnel Project, a major...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...