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FxWirePro- ETHUSD Daily Outlook

Dec 07, 2022 12:29 pm UTC| Technicals Digital Currency

Double top $1300 Potential Reversal Zone- $832 Key Highlights ETHUSD declined more than $500 after forming a double top around $1310. The pair formed a bottom around $1074 after the collapse of the FTX...

FxWirePro: EUR/JPY spikes over 0.60%, on verge of cloud breakout

Dec 07, 2022 11:48 am UTC| Technicals

Chart - Courtesy Trading View EUR/JPY was trading 0.62% higher on the day at 144.21 at around 11:20 GMT. Data released by Eurostat on Wednesday showed Euro area Q3 seasonally adjusted Gross Domestic Product (GDP)...

FxWirePro: USD/JPY Daily Outlook

Dec 07, 2022 10:35 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading 0.45% higher on the day at 137.62 at around 09:40 GMT. The pair is extending bounce off 200-DMA support, gains for the third consecutive session. Momentum is...

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

Dec 07, 2022 10:10 am UTC| Technicals

Pair Value Recommendation EURJPY 224.90 Buy EURAUD 398.32 Strong Buy EURAUD Major resistance- 1.5710 Near-term support- 1.5590 Trend reversal level-...

FxWirePro- EURUSD Daily Outlook

Dec 07, 2022 09:57 am UTC| Technicals

Candlestick pattern- Shooting star EURUSD consolidated in a narrow range between 1.0480 and 1.05329 for the past two trading days. The chance of an economic recession in the globe supporting the US dollar at lower...

FxWirePro- GBPJPY Daily Outlook

Dec 07, 2022 09:46 am UTC| Technicals

GBPJPY struggled to break above trend line resistance 167.50 and lost more than 150 pips on the weak pound sterling. It hits an intraday high of 166.97 and is currently trading around 166.75. GBPUSD- Trend-...

FxWirePro: AUD/USD rangebound at 110-EMA, Aussie depressed on downbeat China’s Trade Balance data

Dec 07, 2022 08:08 am UTC| Technicals

Chart - Courtesy Trading View AUD/USD was trading 0.08% higher on the day at 0.6693 at around 08:00 GMT. The major slips lower from session highs at 0.6716 after disappointing China Trade Data. Data released by...

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Economy

UK House Prices Record First Monthly Decline Since December as Iran Conflict Dampens Market Confidence

Britains housing market experienced its first monthly decline in house prices since December, with values falling by 0.6% in May 2026 as economic uncertainty linked to the Iran conflict weakened buyer demand, according to...

German Retail Sales Decline Less Than Expected in April 2026

Germanys retail sales recorded a smaller-than-expected decline in April 2026, offering a mixed signal about consumer spending in Europes largest economy. According to data released on Monday by the Federal Statistical...

India Manufacturing Growth Accelerates in May Despite Rising Costs

Indias manufacturing sector recorded its strongest growth in three months during May, supported by robust demand and a rise in new orders, according to the latest HSBC India Manufacturing Purchasing Managers Index (PMI)...

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...

Politics

Colombia Presidential Runoff Set as Abelardo De La Espriella Leads Ivan Cepeda in First Round

Colombia is heading toward a highly anticipated presidential runoff election after right-wing outsider Abelardo De La Espriella secured a narrow lead over leftist candidate Ivan Cepeda in the first round of voting....

US-Iran Tensions Escalate as New Strikes Threaten Ceasefire and Impact Global Oil Markets

The conflict between the United States and Iran intensified over the weekend as both sides exchanged fresh military strikes, raising concerns about the stability of the fragile ceasefire and the broader economic impact of...

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....

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

Morgan Stanley Upgrades Winbond and Nanya to Overweight on Strong Memory Chip Market Outlook

Morgan Stanley has upgraded two major Greater China semiconductor stocks, Winbond Electronics Corp. and Nanya Technology Corp., from Equal-weight to Overweight, citing strengthening memory chip prices and expanding growth...

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...