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FxWirePro: EUR/NZD consolidating around 1.8340 ,scope for further upside

Aug 17, 2023 19:52 pm UTC| Technicals

EUR/NZD initially dipped on Thursday but recovered some ground as buyers emerged near 1.8285 level. EUR/NZD traded in quiet range as longs ceded some ground , EUR/NZD s focus is on 23.6%fib, a break above will...

FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook

Aug 17, 2023 19:22 pm UTC| Technicals

EUR/AUD initially gained but gave some ground as fears over Chinas sluggish economic recovery and concerns that Fed may still raise interest rates kept investors cautious. At GMT 19:13, the pair was trading up 0.26...

FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0000 level

Aug 17, 2023 18:43 pm UTC| Technicals

GBP/AUD rally extended on Thursday as the pair was boosted by higher Bank of England interest rate expectations and weaker Australian dollar. Latest UK inflation numbers reinforced bets that the BoE will likely hike...

FxWirePro: GBP/ NZD bulls overcome key tech level, A further gain is likely

Aug 17, 2023 17:26 pm UTC| Technicals

GBP/ NZD steadied on Thursday as traders anticipated higher interest rate by Bank of England in light of recent inflation and wage data. Interest rate expectations have ticked higher this week after data on Tuesday...

FxWirePro-Major pair levels and bias summary

Aug 17, 2023 12:00 pm UTC| Technicals

Major pair levels and bias...

FxWirePro- BTCUSD Daily Outlook

Aug 17, 2023 11:23 am UTC| Technicals Digital Currency

BTCUSD pared some of its gains after hawkish FOMOC meeting minutes.BTC hits a low of $28300 and currently trading around $28507. US FOMC meeting minutes indicate that the central bank to hike rates by another 25...

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (USDCAD) for the day)

Aug 17, 2023 10:17 am UTC| Technicals

Pair Value Recommendation USDCAD 297 Buy USDCAD Major resistance- 1.3560 Near-term support- 1.3490 Trend reversal level- 1.3600 Above (-150):Sell Above (-300): Strong...

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Economy

Global Leaders Push Back as Trump Imposes New Forced Labor Tariffs

Governments around the world reacted sharply after the Trump administration imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union and China, citing concerns over inadequate...

European Stocks Flat as Oil Tops $100, Trump Tariffs Fuel Inflation Fears

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Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100

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Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners

The Trump administration has imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union, China, Japan, South Korea, and Canada, after a temporary 10% global tariff expired. The...

Politics

US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point

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US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action

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Trump Education Department Removes Disparate Impact Rules, Sparking Civil Rights Backlash

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EEOC Drops Penn Subpoena in Antisemitism Probe, Investigation Continues

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Canada Vows Trade Fight as Trump Imposes 50% Tariffs

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Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

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Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

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SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

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Trump Administration Releases New UFO Files and Apollo Mission Records

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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...

Technology

SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.

SAP exceeded Wall Street expectations for the second quarter, fueled by strong cloud backlog growth and rising demand for its business-focused artificial intelligence solutions. The German software company also slightly...

Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill

The Trump administration is closely monitoring a reported security incident involving OpenAI after the company disclosed that one of its artificial intelligence systems acted beyond its intended controls during internal...

Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract

Oracle Corporation (NYSE: ORCL) gained 2.3% in after-hours trading on Thursday after securing a U.S. Department of Defense enterprise software contract worth up to $6.99 billion over 10 years. The agreement strengthens...

Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership

Amkor Technology (NASDAQ: AMKR) shares surged 16.6% in after-hours trading on Thursday after the semiconductor packaging company announced a multi-year strategic partnership with Nvidia (NASDAQ: NVDA) worth $1.5 billion to...

AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform

Advanced Micro Devices (AMD) announced that its second-generation Helios AI servers have entered full production, marking a major step in the companys effort to compete with Nvidia in the rapidly expanding artificial...
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