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FxWirePro :GBP/NZD attracts selling interest, vulnerable to more downside

Jul 05, 2022 23:05 pm UTC| Technicals

GBP/NZD declined on Tuesday as crisis in British Prime Minister Boris Johnsons government put pressure on sterling . The pair reaches 1.9380 after extending south from daily high . 1.9380 is the lowest level since Jan...

FxWirePro: Daily Commodity Tracker - 5th July, 2022

Jul 05, 2022 15:03 pm UTC| Technicals

Daily Commodity...

FxWirePro: NZD/USD slumps lower, refreshes two-year lows

Jul 05, 2022 14:41 pm UTC| Technicals

Chart - Courtesy Trading View NZD/USD was trading 1.03% lower on the day at 0.6142 at around 14:30 GMT. The pair trades at levels unseen since May 2020, scope for further downside. Upside remains capped at 5-DMA....

FxWirePro: AUD/USD Daily Outlook

Jul 05, 2022 14:26 pm UTC| Technicals

Chart - Courtesy Trading View Technical Analysis: - AUD/USD was trading 1.13% lower on the day at 0.6783 at around 12:20 GMT - Recovery in the pair was capped at major trendline resistance - 5-DMA is sharply...

FxWirePro:EUR/AUD weighed down by weak data and rise in eurozone gas prices, good to sell on rally

Jul 05, 2022 13:48 pm UTC| Technicals

EUR/AUD declined on Tuesday as higher European gas prices reignited worries about recession in Eurozone Data showed business growth across the Eurozone slowed further last month, with forward looking indicators...

FxWirePro:EUR/NZD neutral in the near-term, scope for downward resumption

Jul 05, 2022 13:27 pm UTC| Technicals

EUR/NZD declined on Tuesday as the latest surge in European gas prices added to worries about a recession in Eurozone. The rise in natural gas prices renewed concerns about the euro-zone economy and data showed that...

FxWirePro: EUR/GBP breaks below 21-EMA support, eyes 55-EMA at 0.8523

Jul 05, 2022 10:51 am UTC| Technicals

Chart - Courtesy Trading View Spot Analysis: EUR/GBP was trading 0.52% lower on the day at 0.8561 at around 10:30 GMT Previous Weeks High/ Low: 0.8678/ 0.8551 Previous Sessions High/ Low: 0.8626/...

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Economy

Russia Cuts Gas to Austria in Payment Showdown: EU Energy Crisis Takes a Heated Turn

In a dramatic escalation of Europes energy woes, Russia abruptly halted gas supplies to Austria on Saturday over a contentious payment dispute involving Austrias largest energy firm, OMV, and Russian state-owned Gazprom....

Why Inflation Won’t Stop Tariffs: ‘The Political Agenda Matters More,’ Warns Economist

As inflation continues to strain household budgets, voters remain deeply concerned about rising costs. Yet, according to UBS Chief Economist Paul Donovan, inflation fears are unlikely to deter the United States from...

‘Trump Trade’ Economics Explained: How Tariffs, Deregulation, and Spending Plans Could Reshape the Market

The Trump trade is back in focus following the dramatic market reactions to Donald Trumps return to the White House. With equities soaring, Treasury yields climbing, and the U.S. dollar strengthening, Bank of America...

‘Republican Power Play’: Trump’s Second Term Brings ‘Explosive’ Shifts in Congress Compared to 2016 Sweep

The Republican Partys decisive victory in the 2024 elections has reignited comparisons to its 2016 sweep that handed the GOP control of both the White House and Congress. However, while the broad goals of the Republican...

‘Massive Market Shakeup’: Second Trump Term Sparks Investor Optimism but Raises ‘Explosive’ Policy Questions Ahead

With Donald Trump returning to the White House, financial markets are experiencing a rapid reshuffling of expectations, according to a UBS report released this week. U.S. stocks surged following Trumps reelection,...

Politics

Coinbase CEO Armstrong's Game-Changing Proposal to Musk’s D.O.G.E.: Sovereign Wealth and Spending Caps

Brian Armstrong, CEO of Coinbase, has challenged Elon Musks D.O.G.E. commission with a game-changing proposal: implement a government spending cap and establish a U.S. sovereign wealth fund distributing dividends to...

Lummis Calls on Treasury to Swap Gold for Bitcoin in Strategic Reserve Plan

Wyoming Senator Cynthia Lummis is urging the U.S. Treasury Department to convert a portion of its gold holdings into Bitcoin, proposing the creation of a strategic Bitcoin reserve to address inflation and the soaring...

Dana White Doubles Down on Election Controversy: ‘Harris Only Won States Without Voter ID’

UFC President Dana White has entered the political fray with remarks that ignited heated debates regarding voter identification laws and the 2024 presidential election. White, known for his unapologetic opinions, allegedly...

Detroit Lions Celebrate Victory with 'Trump Dance,' Sparking Social Media Firestorm

In an electrifying display of victory, the Detroit Lions celebrated their latest win with a unique and eyebrow-raising dance move that has since been dubbed the Trump dance. The celebratory moment, captured during their...

Americans Overwhelmingly Back Mass Deportation Amid Border Crisis: 'The Tipping Point Has Been Reached'

A new poll reveals a striking shift in public sentiment as the majority of Americans now support mass deportation, citing frustration over record-breaking border crossings during the Biden administration. Conducted by ABC...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Technology

Shiba Inu Set for Major Rally as Golden Cross Signals 23% Price Surge

Shiba Inu, the meme-inspired cryptocurrency, appears poised for a significant price increase as a golden cross forms on its daily chart. This bullish indicator suggests SHIB could surge by 23%, following a healthy...

Bitcoin’s Bull Run Sparks $135K Ceiling Forecast, but Could a $70K Correction Be Inevitable?

CryptoQuant CEO Ki Young Ju projects Bitcoins price ceiling at $135K, but analysts highlight leveraged market risks that could lead to a correction to $70K. ETF inflows and bullish trends fuel optimism amid market...

XRP Surges 82%, Golden Cross Signals Historic Breakout Beyond $1.265

XRPs price skyrocketed over 80% this week, reaching $1.265, its highest in three years. A rare golden cross pattern on the weekly chart hints at what could be a historic price rally for the cryptocurrency. XRP Rockets...

Trump’s Crypto Win Rocks Ethereum: Bitcoin Soars, ETH Slumps ‘More Brutal Than I Expected’

Ethereums decline against Bitcoin has surprised experts, with Lyn Alden calling the drop more brutal than expected. Despite Trumps crypto-friendly administration, Bitcoin surged 31%, leaving Ethereum struggling with a...

Tyler Winklevoss: D.O.G.E. Could Be the US’s Secret Weapon Against Rising Inflation

Tyler Winklevoss, co-founder of Gemini, supports D.O.G.E.s innovative approach to tackling inflation while criticizing the SECs restrictive stance. He emphasizes Bitcoins potential as digital gold amid U.S. economic...