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

Sep 20, 2024 00:33 am UTC| Technicals

EUR/NZD initially dipped but recovered some ground as investors digested Wednesdays Fed Reserve rate cut and a series of central bank policy meetings Thursday. Positive U.S. data boosted investor sentiment, featuring...

FxWirePro : GBP/NZD rebounds, critical resistance lies ahead

Sep 20, 2024 00:15 am UTC| Technicals

GBP/NZD initially dipped but recovered ground as investors reacted to Bank of England rate decision. The Bank of England maintained interest rates at 5% on Thursday, with the Monetary Policy Committee voting 8-1 to...

FxWirePro: EUR/AUD falls To two-week low with plenty more downside potential

Sep 19, 2024 18:11 pm UTC| Technicals

EUR/AUD fell sharply on Thursday as higher commodities prices and upbeat Australian employment boosted Australian dollar across the board. Net employment increased by 47,500 in August compared to July, according to the...

FxWirePro: USD/ZAR downside pressure builds, key support level in focus

Sep 19, 2024 16:36 pm UTC| Technicals

USD/ZAR slipped lower on Thursday as South African rand firmed further against greenback after South Africas central bank cut its main interest rate. The South African Reserve Bank (SARB) reduced its main lending rate...

FxWirePro- Major US indices

Sep 19, 2024 16:24 pm UTC| Technicals

SP 500- 5631 (1.62%) Major resistance- 5765 Near-term resistance - 5725 and 5765 (161.% fib) Minor support- 5620,5573 (23.6% fib), 5520 Trend reversal level- 5485 The pair holds above...

FxWirePro: USD/ CAD heads deeper into bear territory, 23.6%fib eyed

Sep 19, 2024 16:19 pm UTC| Technicals

USD/ CAD declined below 1.3600 level on Thursday as higher commodities price and weaker dollar boosted Canadian dollar. Greenback dipped after the Federal Reserve cut its interest rate by 50 basis points and revised its...

FxWirePro: GBP/USD extends gain, as pound firms after BoE hold

Sep 19, 2024 16:03 pm UTC| Technicals

GBP/USDstrengthened on Thursday after the Bank of England kept rates on hold as widely expected and extended its bond reduction plan for another year. The Bank of England kept rates steady at 5%, as anticipated. The...

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Economy

U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal

A temporary ceasefire between the United States, Iran, and Israel is holding but just barely. U.S. Vice President JD Vance described the two-week truce as fragile on Wednesday, warning that Iran appeared to be...

Gold Surges Near 3-Week High as Trump-Iran Ceasefire Eases Geopolitical Tensions

Gold prices climbed sharply on Wednesday, nearing a three-week high after President Donald Trump announced a temporary ceasefire with Iran, easing geopolitical tensions that had been gripping global markets. Spot gold...

Oil Prices Crash Nearly 15% After Trump-Iran Ceasefire Deal

Global oil markets experienced a dramatic selloff on Wednesday after U.S. President Donald Trump announced a two-week ceasefire agreement with Iran, easing fears of a major disruption to Middle East energy supplies. Brent...

U.S. Stock Futures Surge as Trump Announces Iran Ceasefire, Oil Prices Plunge

U.S. stock index futures posted sharp gains Wednesday after President Donald Trump announced a temporary ceasefire agreement with Iran, lifting market sentiment and triggering a dramatic drop in oil prices. The development...

U.S.-China Trade Talks: Trump and Xi Set for Summit Amid Rare Earths Focus

The United States and China are maintaining a stable trade relationship, and President Donald Trump intends to preserve that balance in an upcoming summit with Chinese President Xi Jinping, according to U.S. Trade...

Politics

Trump Meets NATO Chief Rutte Amid Alliance Tensions Over Iran War

President Donald Trump welcomed NATO Secretary General Mark Rutte to the White House on Wednesday for high-stakes talks as the ongoing conflict with Iran continues to strain transatlantic relations. The meeting comes at a...

UK PM Keir Starmer Heads to Middle East Amid Ceasefire Agreement

British Prime Minister Keir Starmer is traveling to the Middle East for high-level diplomatic meetings with regional allies, following a landmark ceasefire agreement reached overnight. The visit marks a significant moment...

Trump Credits China for Brokering Iran-Israel-U.S. Ceasefire

U.S. President Donald Trump stated on Thursday that he believes China played a pivotal role in persuading Iran to agree to a ceasefire in its ongoing conflict with Israel and the United States. The statement, made to AFP,...

Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector

Chinas President Xi Jinping has outlined a bold strategy to transform the countrys service industry, calling for a demand-led approach supported by structural reform and technological innovation. The directive was reported...

Trump Announces U.S. Military Presence in Strait of Hormuz Following Iran Ceasefire Deal

President Donald Trump announced Wednesday that the United States will actively support the flow of maritime traffic through the Strait of Hormuz, one of the worlds most strategically critical waterways. Speaking publicly,...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...