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FxWirePro- GBPJPY Daily Outlook

Aug 16, 2022 09:22 am UTC| Technicals

GBPJPY pared most of its gains on the strong yen. The demand for safe-haven assets like the yen gained strength on recession fears. The Pound sterling trades weak against the US dollar despite strong UK jobs data. UK...

FxWirePro: NZD/USD Daily Outlook

Aug 16, 2022 07:33 am UTC| Technicals

Chart - Courtesy Trading View Technical Analysis: - NZD/USD was trading 0.56% lower on the day at 0.6328 at around 07:20 GMT - The pair has dipped into daily cloud, raising scope for further downside - Price...

FxWirePro: AUD/USD rangebound after mixed RBA minutes, growth fears surrounding China and hopes of hawkish Fed minutes keep lid on upside

Aug 16, 2022 06:23 am UTC| Technicals

Chart - Courtesy Trading View AUD/USD was trading largely unchanged at 0.7025 at around 05:25 GMT, with session high at 0.7038 and low at 0.7000. The major is consolidating previous sessions losses, mixed RBA Minutes...

FxWirePro- Gold Weekly Outlook

Aug 16, 2022 05:46 am UTC| Technicals

Ichimoku Analysis (Weekly Chart) Tenken-Sen- $1780.06 Kijun-Sen- $1875.71 Gold price paired some of its gains on Friday due to the strong US dollar. The yellow metal performed well the previous week on...

FxWirePro: EUR/AUD outlook weaker on renewed downside pressure

Aug 13, 2022 01:50 am UTC| Technicals

EUR/AUD declined on Friday as Australian dollar rose sharply as risk sentiment improved after softer U.S. economic data hosed down expectations of faster interest rate hikes. EUR/AUD dived below the 38.2% fib and...

FxWirePro: GBP/NZD dips below lower range, bearish bias increases

Aug 13, 2022 01:33 am UTC| Technicals

GBP/NZD declined on Friday after data showed British economy contracted in June. GBP/ NZD fell despite GDP figures falling less than expected as investors were wary that soaring UK inflation and BoE rate hikes will...

FxWirePro: GBP/AUD heads deeper into bear territory, bears plotting path towards 1.6900

Aug 13, 2022 01:19 am UTC| Technicals

GBP/AUD declined sharply on Friday after data showed the U.K. economy contracted in the second quarter. Data from the Office for National Statistics showed that GDP fell 0.1 percent sequentially in the second quarter,...

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Economy

BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead

The Bank of Japan (BOJ) is widely expected to keep its benchmark interest rate unchanged at 1% when its two-day policy meeting concludes on Friday. However, investors will closely watch Governor Kazuo Uedas comments and...

Gold Prices Rise as Weak Dollar, Fed Rate Decision in Focus

Gold prices climbed in Asian trading on Monday as a weaker U.S. dollar boosted demand for the precious metal, while investors assessed easing geopolitical tensions in the Middle East and looked ahead to the Federal...

Asian Stocks Rise as Oil Falls, Fed and Big Tech Earnings Take Center Stage

Most Asian stock markets traded higher on Monday as easing tensions in the Middle East and a sharp decline in oil prices lifted investor sentiment ahead of a crucial week for global financial markets. Investors are closely...

Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates

Singapores central bank surprised markets on Monday by tightening its monetary policy, citing expectations that inflation will strengthen in the coming months. Unlike most central banks that adjust benchmark interest...

Oil Prices Plunge as U.S.-Iran Pause Eases Middle East Supply Fears

Oil prices fell sharply on Monday after the United States and Iran paused military strikes over the weekend, prompting traders to unwind the geopolitical risk premium that had pushed crude to multi-month highs. As of 20:19...

Politics

El Salvador Opposition Names Candidates to Challenge President Nayib Bukele in 2027 Election

El Salvadors two main opposition parties have officially selected their candidates to challenge President Nayib Bukele in the countrys next presidential election, scheduled for February 2027, as the incumbent prepares to...

Myanmar Military Intensifies Civilian Attacks as Regional Diplomacy Expands

Myanmars military has significantly increased attacks on civilians since a new administration assumed power, according to a report released Monday by the Armed Conflict Location Event Data Project (ACLED). The findings...

Russia Launches Ballistic Missiles, Drones Across Ukraine as Civilian Death Toll Rises

Russia launched a fresh wave of ballistic missiles and drones across Ukraine early Sunday, striking Kyiv and several other regions in attacks that killed at least six people and injured dozens, according to Ukrainian...

Brazil Recalls Ambassador From Argentina After Milei's Remarks on Lula

Brazil has recalled its ambassador to Argentina following comments by Argentine President Javier Milei criticizing Brazilian President Luiz Inacio Lula da Silva, the Brazilian government, and the countrys judiciary,...

Trump Pauses Iran Strikes as Tehran Signals Conditional Halt to Attacks

Iran has signaled it will suspend its military attacks as long as the United States refrains from launching new strikes, raising cautious hopes for a temporary easing of tensions in the Middle East. A senior Iranian...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

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...

Technology

Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum

Shares of South Korean internet and cloud services company Naver surged more than 10% on Monday after the company announced that Nvidia will invest $1 billion by purchasing newly issued shares to support a major artificial...

CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight

Chinas ChangXin Memory Technologies (CXMT) is set to begin trading on the Shanghai Stock Exchange on Monday following the largest initial public offering (IPO) in Asia this year, with investors closely watching the...

Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project

Nvidia (NASDAQ: NVDA) is reportedly in discussions to provide a financial guarantee worth approximately $250 billion for OpenAI as part of an ambitious artificial intelligence data center project in Ohio, according to a...

SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth

Elon Musk has seen one of the steepest declines in paper wealth ever recorded as shares of SpaceX (NASDAQ: SPCX) continue to slide following the companys blockbuster public debut. After raising $75 billion in its June 12,...

Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs

President Donald Trump announced Friday that the United States will launch a Section 301 investigation into the European Unions penalties against American technology companies, escalating trade tensions after Google was...