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FxWirePro: GBP/USD gains upward traction as UK economy defies expectations with 0.1%

Feb 13, 2025 10:28 am UTC| Technicals

GBP/USD strengthened on Thursday after data showed the British economy unexpectedly grew in the final quarter of last year. Britains economy unexpectedly grew by 0.1% in the final quarter of last year, according to...

GBP/JPY Skyrockets After Positive UK GDP Data: A Bullish Trend Unfolds

Feb 13, 2025 09:29 am UTC| Technicals

The GBP/JPYgained sharply after upbeat UK GDP data. It hit an intraday high of 1912.82 and is currently trading around 192.78. Intraday trend is bullish as long as support 188 holds. The UKs GDP figures for today,...

FxWirePro:NZD/USD rebounds from one-week low, US data, tariffs in focus

Feb 13, 2025 06:27 am UTC| Technicals

NZD/USD edged higher on Thursday as the dollar weakened, despite hotter-than-expected U.S. CPI data, with markets closely tracking developments in U.S. President Donald Trumps tariff plans. Trump stated he would impose...

FXWirePro: AUD/USD bulls gain some momentum heading into the weekend

Feb 13, 2025 05:47 am UTC| Technicals

AUD/USD steadied on Thursday as talk of a possible pause in the Russian-Ukraine war boosted risk sentiment Risk sentiment improved after President Donald Trump proposed a ceasefire between Russia and Ukraine, along...

FxWirePro:EUR/NZD extends gains, critical resistance lies ahead

Feb 13, 2025 00:30 am UTC| Technicals

EUR/NZD firmed on Wednesday after Bundesbank chief also talked about the upcoming German election and both Germany and Europes need for change. Bundesbank President Joachim Nagel said on Wednesday that the ECB should...

FxWirePro: GBP/AUD bulls reclaim momentum in bid for 2.2200 level

Feb 12, 2025 23:42 pm UTC| Technicals

GBP/AUD firmed on Thursday as cable enjoyed a modest bounce as investors focus shifted to Thursdays UK GDP data . Markets have moved to price in more easing from the Bank of England this year after the central bank cut...

FxWirePro: GBP/NZD positions for another climb, eyes 2.2300 level

Feb 12, 2025 23:31 pm UTC| Technicals

GBP/NZD rose on Wednesday as investors awaited UK economic data to assess health of UK economy. UKs GDP, Q4 estimates, and December industrial and manufacturing output data will be released on Thursday, offering...

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Economy

US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand

The U.S. dollar strengthened to its highest level in more than a week on Tuesday as rising Treasury yields and escalating conflict in the Middle East fueled demand for safe-haven assets. The Japanese yen, meanwhile,...

US Stock Futures Steady Ahead of Tesla, Alphabet Earnings as Iran Conflict Keeps Markets on Edge

U.S. stock index futures traded little changed late Tuesday after Wall Street rallied on the back of a strong rebound in technology shares, while investors shifted their attention to upcoming second-quarter earnings from...

Trump Announces 100% Tariff on Generic Drug Imports Starting in 2028

U.S. President Donald Trump announced Tuesday that his administration will impose a 100% tariff on all imported generic drugs beginning in 2028, giving pharmaceutical companies a two-year window before the new trade policy...

Oil Prices Extend Four-Day Rally as U.S.-Iran Conflict and Red Sea Threats Raise Supply Fears

Oil prices climbed for a fourth consecutive session on Wednesday as traders assessed escalating military tensions between the United States and Iran, alongside growing concerns that disruptions to Middle East shipping...

Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand

Gold prices surged nearly 2% on Tuesday, rebounding after repeatedly holding support around the key $4,000-per-ounce level since mid-July. The rally came despite a stronger U.S. dollar and rising oil prices, as escalating...

Politics

Houthi Naval Blockade on Saudi Arabia Escalates Iran Conflict, Threatens Global Oil Supply

Yemens Iran-backed Houthi movement announced a naval blockade against Saudi Arabia on Monday, significantly escalating tensions in the Middle East and raising fresh concerns over global energy supplies, oil prices, and...

ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security

The escalating Middle East conflict dominated discussions at the ASEAN foreign ministers meeting in Manila on Tuesday, as leaders warned that renewed fighting could threaten global energy supplies, fuel inflation, and...

Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration

U.S. President Donald Trump is expected to introduce a fresh round of tariffs on dozens of countries as early as this week, according to a report by the Financial Times. The move comes as the administrations temporary 10%...

US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply

The conflict between the United States and Iran intensified overnight as U.S. forces launched fresh airstrikes across southern Iran following President Donald Trumps vow to retaliate for the deaths of American soldiers....

US, China to Hold AI Talks Ahead of Xi’s September Visit

The United States and China are preparing to hold high-level artificial intelligence (AI) talks in September, marking the first official AI dialogue between the two countries under President Donald Trumps administration....

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

Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge

Super Micro Computer (NASDAQ: SMCI) stock soared about 20% in after-hours trading on Tuesday after the AI server maker released a stronger-than-expected preliminary update for its fiscal fourth quarter, highlighting a...

Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns

Morgan Stanley adopted a mixed outlook on the software sector on Tuesday, turning bearish on Adobe (NASDAQ: ADBE) and Workday (NASDAQ: WDAY) while maintaining an overall positive view of the industry. The investment bank...

Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors

A federal judge in San Francisco has granted final approval to Anthropics landmark $1.5 billion copyright settlement, bringing a major chapter in the legal battle over AI training data and copyrighted books closer to an...

Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment

Nvidia has disclosed that it holds a 9.3% stake in AI cloud infrastructure company Nebius, further strengthening its presence in the rapidly expanding artificial intelligence ecosystem. The disclosure follows Nvidias...

SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock

SpaceX (NASDAQ: SPCX) will report its second-quarter 2026 financial results after the market closes on August 4, marking its first earnings release since its record-breaking initial public offering. The company will also...