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FxWirePro- DXY Daily Outlook

Sep 03, 2024 17:07 pm UTC| Technicals

Major support- 100 Major resistance- 102 DXY gained momentum after US ISM manufacturing PMI. It hit a high of 101.85and is currently trading around 101.83. US ISM manufacturing PMI rose to 47.20 in Aug...

FxWirePro-Crude oil Daily Outlook

Sep 03, 2024 17:04 pm UTC| Technicals

Crude oil lost its shine on weak demand. It hit a low of $70.42 lowest level since Jan and is currently trading around $73.42. Chinas new export order declined sharply which confirms economic growth is sluggish. The...

FxWirePro: USD/ZAR bounce extends after downbeat South African Q2 GDP data

Sep 03, 2024 16:49 pm UTC| Technicals

USD/ZAR strengthen on Tuesday as firmeer greenback and downbeat South African Q2 GDP data weighed on South African rand. Gross domestic product expanded 0.4% in quarter-on-quarter seasonally-adjusted terms in April to...

FxWirePro: GBP/USD moves lower as bearish sentiment grips ahead of US jobs data

Sep 03, 2024 16:25 pm UTC| Technicals

GBP/USD declined on Tuesday as investors booked profits on sterlings August rally ahead of key US jobs data. Investor focus this week will squarely be on the U.S. payrolls data after Fed Chair Jerome Powell last month...

FxWirePro: EUR/USD drifts lower, could be on verge of bigger drop

Sep 03, 2024 16:10 pm UTC| Technicals

EUR/USD drifted lower on Monday as the dollar strengthened as investors focus shifted to Fridays U.S. non-farm payroll data. Economists surveyed anticipate an increase of 165,000 U.S. jobs in August, up from a gain...

FxWirePro- Gold Daily Outlook (US session)

Sep 03, 2024 15:57 pm UTC| Technicals

Gold pared some of its gains after US ISM PMI data. It hit a low of $2473 a the time of writing and is currently trading around $2482.93. US ISM manufacturing PMI rose to 47.20 in Aug from 46.80 the previous month,...

FxWirePro: USD/CAD buoyancy keeps consolidation intact, consider buying on dips

Sep 03, 2024 15:47 pm UTC| Technicals

USD/CAD surged on Tuesday as the commodity-linked Canadian dollar faced selling pressure, driven by declines in prices of commodities like copper and crude oil. Copper prices fell to a two-week low, impacted by 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

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...

FCC Moves to Ban All Chinese Labs From Testing U.S. Electronics

The Federal Communications Commission is escalating its crackdown on Chinese technology by preparing to vote on a sweeping proposal that would prohibit all Chinese laboratories from testing electronic devices intended for...

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...