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

Feb 03, 2023 10:51 am UTC| Technicals

Pair Value Recommendation EURGBP 371.50 Strong Buy EURGBP Major resistance- 0.8950 Near-term support- 0.8870 Trend reversal level- 0.9060 Above (-150):Sell Above...

FxWirePro-USDCAD Daily Outlook

Feb 03, 2023 10:35 am UTC| Technicals

Intraday bias - Bullish USDCAD halted its two-day bearish trend on boardbased US dollar short covering. The Canadian dollar gained momentum after positive GDP data. The economy grew at an annualized rate of 1.6% in...

FxWirePro- GBPJPY Daily Outlook

Feb 03, 2023 08:30 am UTC| Technicals

GBPJPY was one of the worst-performing pairs this week due to the weak Pound sterling. It hits a low of 156.82 and is currently trading around 157.15. GBPUSD- Trend- Bullish The pound sterling pared most of its...

FxWirePro: AUD/NZD Daily Outlook

Feb 03, 2023 07:30 am UTC| Technicals

Chart - Courtesy Trading View Technical Analysis: - AUD/NZD was trading 0.07% lower on the day at 1.0914 at around 07:20 GMT - Upside in the pair has been capped at 200-DMA, decisive break above required for...

FxWirePro: USD/JPY comatose ahead of Non-Farm-Payrolls data, bias bearish

Feb 03, 2023 06:17 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading largely unchanged at 128.60 at around 06:00 GMT, bias remains bearish. The pair was trading in tight ranges with session high at 128.82 and low at 128.4, traders wary...

FxWirePro- Gold Daily Outlook

Feb 03, 2023 05:53 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- $1935.54 Kijun-Sen- $1930.27 Gold pared some of its gains on profit booking. The yellow metal spiked sharply to $1959 after a less hawkish rate hike by Fed....

FxWirePro: AUD/USD extends previous session's weakness, upbeat China Caixin Services PMI fails to impress

Feb 03, 2023 05:00 am UTC| Technicals

Chart - Courtesy Trading View AUD/USD is slipping lower for the second consecutive session, upbeat China Caixin Services PMI data failed to provide any support. IHS Markit has reported China Caixin Manufacturing PMI...

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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...