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FxWirePro- GBPJPY Daily Outlook

May 25, 2022 05:55 am UTC| Technicals

GBPJPY formed a double bottom around 157.90 and showed a minor pullback. The pound sterling regained above 1.2500 after hitting a low of 1.24755 on upbeat market sentiment. Markets eye US Fed meeting minutes for further...

FxWirePro- Gold Daily Outlook

May 25, 2022 05:38 am UTC| Technicals

Ichimoku Analysis (4-hours chart) Tenken-Sen- $1828.37 Kijun-Sen- $1884.50 Gold trades higher for the third consecutive day on a weak US dollar. Markets await US Fed meeting minutes for further...

FxWirePro:GBP/NZD fades from intra day high as soft UK PMI fuels recession fears

May 25, 2022 00:02 am UTC| Technicals

GBP/NZD have up earlier ground on Tuesday as unexpectedly soft PMI data revived UK recession fears weighing on sterling. Data showed a sharp slowdown in business activity, adding to concerns that the UK could slip into...

FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption

May 24, 2022 23:42 pm UTC| Technicals

GBP/AUD declined on Tuesday as soft UK PMI data weighed on pound. SP Globals flash Composite Purchasing Managers Index (PMI), a monthly gauge of the services and manufacturing industries, fell to 51.8 in May from 57.6...

FxWirePro: EUR/AUD uptrend stalled, progress needed soon to sustain

May 24, 2022 20:37 pm UTC| Technicals

EUR/AUD initially gained on hawkish ECB but gave up some ground following soft Euro zone PMI data that showed business growth slowed in May. SP Globals flash Composite Purchasing Managers Index (PMI), seen as a good...

FxWirePro:EUR/NZD maintains bullish bias with focus on 1.6700

May 24, 2022 19:56 pm UTC| Technicals

EUR/ NZD rose past 1.6600 on Tuesday as hawkish remarks from European Central Bank Chief Christine Lagarde continued to boot euro. Bulls have tightened their grip after registering a close above the 1.9352...

FxWirePro: Daily Commodity Tracker - 24th May, 2022

May 24, 2022 12:04 pm UTC| Technicals

Daily Commodity...

1071 1072 1073 1074 1075 1076 1077 1078 1079 1080

Economy

FxWirePro- Major Economic events for the week

Date Time Currency Event Actual Forecast Previous Tue Nov 19 12:30...

US Dollar Stays Steady Amid Economic Mixed Signals as Global Inflation Reports Loom

US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data. As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous...

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...

Politics

Trump’s Team Plans Federal Rules for Autonomous Vehicles as Tesla Cybercab Sparks Debate

President-elect Donald Trumps transition team is prioritizing federal regulations for autonomous vehicles, potentially accelerating innovations like Teslas Cybercab. Sources reveal plans to establish a framework through...

Taiwan Appeals to EU for Bold Economic Pact to Strengthen Semiconductor Alliance

In a significant move on Monday, Taiwan President Lai Ching-te called on the European Union to forge a bold economic partnership agreement aimed at enhancing collaboration in semiconductors. He emphasized that uniting...

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...

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 Burn Rate Explodes 6223% as SHIB Price Rallies, Is $1 Within Reach?

Shiba Inus burn rate hit an astonishing 6223% on November 18, destroying 290,321 SHIB. The reduced supply drove a 4% price rally, stirring investor speculation about SHIBs potential to reach $1 amid bullish market...

Nvidia's Blackwell AI Chip Overheats—Launch at Risk as Tech Giants Grow Anxious

Nvidia is urgently addressing overheating problems in its new Blackwell AI chips when integrated into customized server racks, causing anxiety among major clients like Microsoft and Meta. The company is collaborating with...

Cathie Wood Says Bitcoin’s Journey Is Just Beginning as It Hits $90K With "A Long Way to Go"

Despite Bitcoins surge to a record-breaking $90,000, ARK Invests Cathie Wood argues the cryptocurrency is only at the start of its ascent. Predicting a possible rise to $1.5 million by 2030, she attributes the momentum to...

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...