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FxWirePro: GBP/USD losses momentum but outlook is bullish

Sep 27, 2024 17:01 pm UTC| Technicals

GBP/USD slipped lower on Friday but downside was limited as investors digested U.S. inflation data. The personal consumption expenditures price index, the Federal Reserves preferred measure of inflation, increased by...

FxWirePro: USD/ZAR heads deeper into bear territory, bears plotting path toward 17.000

Sep 27, 2024 16:50 pm UTC| Technicals

The USD/ZAR fell further on Friday as South Africas rand extended gains against weaker the dollar amid improved risk appetite. South Africas rand has risen steadily since last weeks significant interest rate hike by...

FxWirePro: USD/ CAD moves higher After Canadian GDP data,good to buy on dips

Sep 27, 2024 16:04 pm UTC| Technicals

USD/CAD strengthened above 1.3500 level on Friday as investors assessed Canadas GDP data . Canadas GDP grew by a stronger-than-expected 0.2% in July, but an early estimate suggests growth may have stalled in August....

FxWirePro- BNBUSD Daily Outlook

Sep 27, 2024 12:39 pm UTC| Technicals Digital Currency

Intraday bias - Bullish Re-test level- $562 Any close above $615 confirms bullish continuation. BNBUSDis consolidating in a narrow range between $580 and $616 for past four days. The pair broke $605.70...

FxWirePro- SOLUSD surges more than 10% this week, good to buy on dips

Sep 27, 2024 12:31 pm UTC| Technicals Digital Currency

Solana is a blockchain built for mass adoption. Its a high-performance network that is utilized for a range of use cases, including finance, payments, and gaming. Features- Transactions per second...

FxWirePro-EURGBP trade idea

Sep 27, 2024 12:29 pm UTC| Technicals

EURGBP halted its three weeks of bearish trend and showed a minor dead cat bounce. Intraday bias remains neutral as long as resistance 0.8400 holds. It hit a high of 0.83720 and is currently trading around...

FxWirePro- USDCHF trades flat, good to stay away

Sep 27, 2024 11:40 am UTC| Technicals

Intraday bias remains bearish as long as resistance 0.8550 holds. It hit a low of 0.84582 yesterday and is currently trading around 0.84497. US final GDP q/q grows at a 3% annualized pace in the second quarter above...

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Economy

US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns

The United States has initiated a new trade investigation into Vietnams handling of intellectual property (IP) rights, a move that could eventually lead to additional tariffs on Vietnamese imports. The investigation,...

US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook

The U.S. dollar weakened slightly on Friday as investor confidence improved following comments from President Donald Trump regarding a possible peace agreement between the United States and Iran. The prospect of easing...

Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar

Asian currencies traded in a narrow range on Friday while the U.S. dollar remained largely unchanged, as investors assessed reports suggesting the United States and Iran are close to extending their ceasefire agreement....

Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment

Asian stock markets posted strong gains on Friday, supported by a global technology rally and growing optimism surrounding a potential extension of the ceasefire between the United States and Iran. Investor confidence...

Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path

Tokyo consumer inflation slowed in May, reinforcing expectations that the Bank of Japan (BOJ) will continue taking a measured approach to monetary policy tightening as inflationary pressures remain moderate. According to...

Politics

US Southern Command Chief Holds Rare Military Meeting With Cuban Officials at Guantanamo Bay

A rare high-level military meeting between the United States and Cuba took place at the perimeter of the U.S. Naval Station at Guantanamo Bay, marking a significant development in U.S.-Cuba relations amid growing...

Trump Nears Decision on Iran Ceasefire Extension as Key Disputes Remain

U.S. President Donald Trump said Friday that he is close to making a final decision on a proposed agreement to extend the current ceasefire with Iran, although major disagreements between Washington and Tehran continue to...

Trump Signs Executive Order to Expand Access to Federal Lands in the U.S.

U.S. President Donald Trump signed an executive order on Friday aimed at removing restrictions that limit access to federal lands across the United States, according to a statement from the White House. The move is part of...

Netanyahu Gaza Expansion Plan Sparks Hamas Condemnation and International Concern

Israeli Prime Minister Benjamin Netanyahus announcement that Israel plans to expand its area of control in Gaza has drawn strong criticism from Hamas, European governments, and residents of the Palestinian territory. The...

Russia Prepares New Large-Scale Attack on Ukraine, Zelenskiy Warns

Ukrainian President Volodymyr Zelenskiy has warned that Russia is preparing a major new attack on Ukraine, citing intelligence reports that indicate plans for a large-scale military strike. The announcement comes as...

Science

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...

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...

Technology

Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements

A Kentucky school district has secured nearly $27 million in settlements from major social media companies over allegations that their platforms contributed to a growing student mental health crisis. The financial details,...

MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence...

SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target

Elon Musks SpaceX is reportedly moving forward with plans for a historic initial public offering (IPO), targeting a valuation of at least $1.8 trillion. According to a Bloomberg News report citing sources familiar with the...

Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion

Autodesk (NASDAQ: ADSK) reported stronger-than-expected financial results for its fiscal first quarter and announced a major $3.6 billion acquisition of MaintainX, a move that strengthens its position in AI-powered...

US Quantum Stocks Surge After $2 Billion Government Investment

The U.S. Department of Commerce has sparked major excitement across the technology and financial sectors after announcing plans to invest $2 billion into quantum computing and advanced hardware companies through the CHIPS...