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FxWirePro: NZD/USD consolidates around 0.6200 ,bias is bullish

Sep 05, 2024 07:06 am UTC| Technicals

NZD/USD held steady around 0.6200 level on Thursday as weak US economic data raised concerns about a potential slowdown in the US economy. Market focus is shifting to the upcoming US payrolls report scheduled for...

FxWirePro: AUD/ USD holds narrow range, focus on near-term support

Sep 05, 2024 06:43 am UTC| Technicals

AUD/USD steadied around 0.6720 on Thursday after Australias central bank stuck to its hawkish guidance on interest rates despite soft economic numbers. Reserve Bank of Australia (RBA) Governor Michele Bullock...

FxWirePro- NZDJPY trade idea

Sep 05, 2024 05:40 am UTC| Technicals

NZDJPY trades weak for the third consecutive days. It hit a low of 88.62 and is currently trading around 88.97. Technicals- The pair is trading below 34- and 55 EMA in the 4-hour chart. The near-term...

FxWirePro- EURJPY trade idea

Sep 05, 2024 05:20 am UTC| Technicals

EURJPY pared most of its gains on board-based Japanese yen buying. It hit a low of 160.11 yesterday and is currently trading around 160.35. Technicals- The pair trades below 34- and above 55 EMA in the...

FxWirePro- GBPJPY Intra day trade idea

Sep 05, 2024 04:41 am UTC| Technicals

Intraday Bias -Bullish Candlestick pattern- Long-legged Doji GBPJPY continues to trade weak and lost over 500 pips from 193.49 (Sep 3rdhigh). It hit a low of 188.23 at the time of writing and is currently trading...

FxWirePro -Nikkei 225 Daily Outlook

Sep 05, 2024 03:51 am UTC| Technicals

Nikkei recovered some of its loss on strong yen. It hit a low of 36192 at the time of writingand is currently trading around 36830. BOJ board member Hajime Takata said in a speech today that the central bank would...

FxWirePro: USD/ JPY maintains bearish bias with focus on 143.00 level

Sep 05, 2024 03:26 am UTC| Technicals

USD/JPY hit one-month low on Thursday as yen continued to benefited from increased safe-haven demand. On the data front, Japanese workers real wages increased for the second consecutive month, potentially paving the...

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Economy

Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher

Optimism in Asian financial markets faded quickly on Thursday as early signs of instability in the Gulf ceasefire sent oil prices climbing again, reinforcing fears of a prolonged inflationary impact on the global economy....

Dollar Stabilizes Amid Fragile US-Iran Ceasefire as Markets Watch Hormuz Strait

The U.S. dollar edged higher in early Thursday trading after suffering broad losses, as investors cautiously monitored the durability of a two-week ceasefire between the United States and Iran. The dollar index climbed a...

Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears

Gold prices edged lower during Asian trading on Thursday, retreating after modest gains in the previous session as investors continued monitoring escalating Middle East tensions threatening a fragile ceasefire between the...

Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets

Oil prices recovered Thursday following their sharpest single-day decline since April 2020, as ongoing disruptions in the Strait of Hormuz and escalating Middle East tensions renewed fears over global crude supply. By...

U.S. Futures Dip as Iran Ceasefire Faces Early Challenges

U.S. stock index futures edged slightly lower Wednesday evening as investors monitored the fragile state of a newly announced Iran-U.S. ceasefire agreement. The cautious overnight movement followed an exceptional trading...

Politics

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Haiti Election 2025: Voter Registration Delayed Amid Ongoing Security Crisis

Haitis Provisional Electoral Council (CEP) has officially announced the postponement of a voter registration drive that was originally set to begin on April 1. The council stated that updated registration dates would be...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...

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...

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

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

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...