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FxWirePro-USDCHF Daily Outlook

Sep 19, 2024 07:39 am UTC| Technicals

Intraday bias remains bearish as long as resistance 0.8550 holds. It hits a high of 0.85150 and is currently trading around 0.84561. The pair gained momentum despite a dovish Fed rate cut and jumped over 100...

FxWirePro- Buy Gold on dips

Sep 19, 2024 07:15 am UTC| Technicals

Goldpared some of its gains yesterday due to profit booking.It hits a lowof $2546 and is currently trading around $2575. US Fed cut rates by 50 bpbs yesterday to 4.75% -5% compared to market estimate of 25 bpbs. The...

FxWirePro- EURJPY Daily Outlook

Sep 19, 2024 06:30 am UTC| Technicals

EURJPY recovered sharply as the yen weakens. It hit a high of 159.41 at the time of writing and is currently trading around 159.26. Technicals- The pair is trading above 34- and 55 EMA in the 4-hour...

FxWirePro- Buy GBPJPY on dips

Sep 19, 2024 04:49 am UTC| Technicals

GBPJPY surged sharply on board-based yen weakness. It hits a high of 189.41 and is currently trading around 189.14. Intraday trend is bullish as long as support 188 holds. Markets eye BOE monetary policy today for...

FxWirePro-Nikkei 225 Daily Outlook

Sep 19, 2024 04:27 am UTC| Technicals

Nikkeigained sharply due to a dovish 50 bpbs rate cut by the Fed. It hits a high of 37400 at the time of writing and is currently trading around 37262. Fed cuts rates by 50 bpbs to 4.75%-5%. Itsignals towards two to...

FxWirePro: NZD/USD maintains upside momentum, eyes 0.6300 level

Sep 19, 2024 04:22 am UTC| Technicals

NZD/USD climbed modestly on Thursday as data the New Zealand economy turned out to be less concerning than expected. . Data released on Thursday showed that GDP declined by 0.2% in the June quarter, which was an...

FxWirePro: AUD/ USD gains as upbeat Australian jobs data helps longs take control

Sep 19, 2024 04:04 am UTC| Technicals

AUD/USD bounced back from early losses on Thursday, supported by a strong jobs report that mitigated the overall gains of the U.S. dollar. Australian employment figures showed an increase of 47,500 jobs in August,...

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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...