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FxWirePro: USD/JPY remains bid as risk-off solidifies, eyes on US data for impetus

Feb 10, 2023 05:46 am UTC| Technicals

Chart - Courtesy Trading View Softer-than-anticipated China inflation numbers have negatively impacted market risk, supporting the pair. China annual inflation data has printed at 2.1%, below forecasts at 2.2% and...

FxWirePro: EUR /NZD consolidating around 1.6970,bias is bullish

Feb 09, 2023 23:04 pm UTC| Technicals

EUR /NZD strengthened on Thursday as the pair was supported by hawkish tones from the Swedish Riksbank and comments from BoE policymakers. The euro erased earlier losses against the kiwi dollar , the pair was last up...

FxWirePro: GBP/ AUD positions for another climb, eyes 1.7550 level

Feb 09, 2023 22:39 pm UTC| Technicals

GBP/ AUD gained on Thursday as sterling was supported by hawkish rhetoric from BoE policymakers and increased risk sentiment across the board . Investors will keep a close eye on the UK gross domestic product (GDP)...

FxWirePro:GBP NZD consolidates above 1.9100 after early fall, maintains bullish bias

Feb 09, 2023 17:36 pm UTC| Technicals

GBP/NZD initially dipped on Thursday but rebounded sharply as improved risk appetite and comments from BoE policymakers lifted the pair . The pair hit daily high at 1.9162, it was last up 0.01% at 1.9136 ( GMT...

FxWirePro: Daily Commodity Tracker - 9th February, 2023

Feb 09, 2023 13:46 pm UTC| Technicals

Daily Commodity...

FxWirePro: EUR/SEK plunges nearly 2%, buying interest in Swedish krona picks up post-Riksbank

Feb 09, 2023 13:34 pm UTC| Technicals

Chart - Courtesy Trading View EUR/SEK plummets to multi-day lows after a hawkish Riksbank policy decision. The pair was trading 1.84% lower on the day at 11.13 at around 13:30 GMT. The Scandinavian central bank...

FxWirePro- Major pair levels and bias summary

Feb 09, 2023 12:22 pm UTC| Technicals

Major pair levels and bias...

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Economy

Asian Currencies Hold Steady as U.S. Dollar Gains on Inflation and Middle East Concerns

Asian currencies traded within narrow ranges on Monday as investors closely monitored ongoing geopolitical tensions in the Middle East and rising inflation risks that could keep U.S. interest rates higher for longer. The...

Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions

Former U.S. Federal Reserve Chair Jerome Powell has issued a strong warning about the dangers of political interference in the Federal Reserve, while urging Americans to protect key democratic institutions. Powell made the...

Asian Stocks Climb as AI Optimism Boosts Tech Shares; South Korea Leads Gains

Asian stock markets mostly advanced on Monday as strong investor confidence in artificial intelligence (AI) fueled gains in technology shares, helping markets look beyond ongoing uncertainty surrounding a potential...

Trump, Syrian President Sharaa Discuss Sanctions Relief and Economic Recovery in Phone Call

Syrian President Ahmed al-Sharaa and U.S. President Donald Trump held a phone conversation focused on Syrias economic recovery, the future of U.S. sanctions, and the latest developments in the Middle East, according to a...

US Stock Futures Rise as Hopes Grow for U.S.-Iran Peace Deal

U.S. stock index futures moved higher on Sunday evening as investors remained optimistic that a potential peace agreement between the United States and Iran could be reached soon. Ongoing diplomatic discussions between the...

Politics

Trump Says Iran Wants U.S. Deal as Tensions Continue Amid Ongoing Conflict

U.S. President Donald Trump said Monday that Iran is eager to reach an agreement with the United States, expressing confidence that a potential deal would benefit both Washington and its allies despite ongoing military...

US Tightens AI Chip Export Rules, Impacting Nvidia and AMD Sales to Chinese Firms

The U.S. Department of Commerce has introduced new restrictions aimed at closing a potential loophole in the export of advanced artificial intelligence chips to Chinese companies. The move is expected to affect major...

U.S. Launches Strikes on Iranian Drone and Radar Facilities Following MQ-1 Drone Incident

The United States military carried out targeted strikes on Iranian radar installations and drone command-and-control facilities located in Goruk and Qeshm Island over the weekend, according to a statement released by U.S....

Indo-Pacific Nations Boost Defense Cooperation as China’s Military Rise Reshapes Regional Security

Indo-Pacific countries are accelerating military modernization and strengthening regional defense partnerships as concerns grow over Chinas expanding military capabilities and uncertainty surrounding long-term U.S....

US Pushes Israel-Lebanon De-Escalation Plan as Hezbollah Tensions Escalate in Southern Lebanon

The United States is intensifying diplomatic efforts to reduce tensions between Israel and Lebanon as clashes involving Hezbollah continue to threaten regional stability. U.S. Secretary of State Marco Rubio recently held...

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

SoftBank Becomes Japan’s Most Valuable Company as AI-Fueled Rally Drives Shares to Record High

SoftBank Group Corp. (TYO: 9984) surged to a record high on Monday, driven by growing investor confidence in the artificial intelligence sector and the companys expanding exposure to AI-related technologies. The Japanese...

Nvidia Unveils RTX Spark AI PC Chips, Expands Challenge to Intel, AMD, and Apple

Nvidia has officially entered the Windows PC processor market with the launch of its new RTX Spark platform, unveiled by CEO Jensen Huang during his keynote presentation at COMPUTEX in Taiwan. The announcement marks a...

LG Electronics Stock Hits Record High on Nvidia AI Partnership Speculation

LG Electronics shares soared to a record high on Monday as investors reacted to growing speculation about a potential expansion of the companys artificial intelligence and robotics partnership with Nvidia. The South Korean...

Nvidia and Microsoft to Launch AI-Powered Windows PCs at Computex 2026

Nvidia and Microsoft are reportedly preparing to introduce a new generation of Windows PCs powered by Nvidia-designed processors, marking a significant step in the evolution of AI-enabled personal computing. According to...

SoftBank to Invest €75 Billion in France AI Data Center Expansion by 2031

SoftBank Group (TYO: 9984) has announced plans to invest up to 75 billion ($87.5 billion) in France to develop and operate 5 gigawatts (GW) of artificial intelligence data center capacity, marking one of the largest AI...