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FxWirePro: GBP/NZD drops to one week low with plenty more downside potential

May 03, 2024 20:27 pm UTC| Technicals

GBP/NZD declined sharply on Friday as buoyant risk sentiment and expectation RBNZ will start reducing interest rates later this year boosted kiwi dollar Median forecasts showed rates at 4.10% by end-year, 25 basis...

FxWirePro:GBP/AUD outlook weaker on renewed downside pressure

May 03, 2024 18:18 pm UTC| Technicals

GBP/AUD declined on Friday as buoyed risk sentiment and hawkish RBA expectations boosted Australian dollar. RBA will hold its key policy rate at 4.35% for a fourth straight meeting on Tuesday , RBA will remain on hold,...

FxWirePro: EUR/AUD heads deeper into bear territory, 1.6268 a key barrier

May 03, 2024 17:42 pm UTC| Technicals

EUR/AUD declined on Friday as expectations of a hawkish shift in RBA rate stance and stronger Higher CNH boosted Australian dollar . The pair currently is approaching support at 1.6268(38.2% fib ). A break under would...

FxWirePro: GBP/AUD attracts selling interest, vulnerable to more downside

May 02, 2024 22:38 pm UTC| Technicals

GBP/AUD declined on Thursday as higher US yields, USD/CNH rally boosted Australian dollar. Australian dollar rallied against pound despite a weaker trade balance and lower building permits data. The pair dropped to...

FxWirePro:GBP/NZD extends drop, faces 23.6%fib support

May 02, 2024 21:35 pm UTC| Technicals

GBP/NZD declined on Thursday as commodity-linked kiwi dollar got boost from higher gold and equities price. Investors are looking to the Bank of Englands meeting next week for clues on when its policy easing could...

FxWirePro:EUR/NZD drifts lower , could be on verge of a bigger drop

May 02, 2024 21:15 pm UTC| Technicals

EUR/NZD declined on Thursday as downbeat euro zone manufacturing activity and stronger kiwi dollar weighed on the pair. HCOBs final euro zone manufacturing Purchasing Managers Index (PMI), compiled by SP Global, fell...

FxWirePro: EUR/AUD fragile, risks collapse to a major fibo

May 02, 2024 16:49 pm UTC| Technicals

EUR/AUD declined sharply on Thursday as stronger Australian dollar and downturn in euro zone manufacturing activity weighed on euro . HCOBs final euro zone manufacturing Purchasing Managers Index (PMI), compiled by SP...

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Economy

Asia's Manufacturing Activity Stagnates Amid Mixed Signals

Overview of Asias Manufacturing Activity in October Asias manufacturing activity experienced stagnation in October, as a rebound in China failed to significantly uplift regional factories, according to private...

U.S. Job Growth Expected to Slow Amid Hurricanes and Strikes

Overview of U.S. Job Growth in October U.S. job growth is anticipated to slow significantly in October due to the impact of recent hurricanes and strikes among aerospace factory workers. The Labor Departments...

New Home Prices in China Rise Amid Market Recovery Efforts

New Home Prices in China Rise Amid Market Recovery Efforts In October, new home prices in China experienced a notable increase, reflecting a potential shift in the property markets trajectory. According to a...

South Korea's Export Growth Falls to Seven-Month Low Amid Global Demand Concerns

South Koreas Export Growth Drops as Global Demand Slows South Koreas export growth slowed sharply in October, rising just 4.6% year-over-year to $57.52 billion, marking the smallest increase in seven months. This...

Macquarie Group Reports Lower-Than-Expected First-Half Profits Amid Commodities Slowdown

Macquarie Group Misses First-Half Profit Estimates as Commodities Trading Declines Macquarie Group, Australias largest investment bank, reported a first-half profit increase of 14% to A$1.61 billion (USD 1.06...

Politics

Trump’s VP Pick JD Vance Has a Surprising Bitcoin Stake — Could This Influence US Crypto Policy?

JD Vance, Donald Trumps vice presidential pick, is making waves with his significant Bitcoin holdings, which underscore his pro-crypto stance. Known for his support of digital assets in the Senate, Vances investment...

Donald Trump’s Last Crypto Call Rallies Bitcoin Supporters in High-Stakes Election Push

With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris....

‘Garbage or Nazis?’ Gov. Tim Walz Defends Biden’s Remarks on Trump Supporters—‘He Was Very Clear!’ Critics Demand Apology

Minnesota Governor Tim Walz is facing backlash after defending President Joe Bidens recent comment that referred to Trump supporters as garbage. In his statement, Walz, who recently compared Trump supporters to Nazis,...

‘America’s Going to Love It!’ Elon Musk Teases ‘Fun’ Second Trump Presidency—‘It’s Gonna Be Awesome!’ Sparks Mixed Reactions

In a tweet that has stirred up strong opinions across social media, billionaire Elon Musk shared his take on a potential second presidency for former President Donald Trump, calling it the most fun America has had in a...

‘A System Flaw Exposed!’ Non-Citizen Voting Incident at University of Michigan Sparks Outrage—‘Ballot Will Still Count!’

A 19-year-old student from China, enrolled at the University of Michigan, faces charges of illegal voting and perjury for allegedly casting a ballot in the 2024 U.S. election. The case has ignited a firestorm of...

Science

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Just 21 Minutes of Cycling a Day Is 'All You Need' for Total Health, Claims Expert

John Vinton, CEO of Aventon Bikes, insists that just 21 minutes of cycling each day can drastically enhance your health. This simple yet transformative practice can lead to a multitude of benefits, including reduced risks...

Urgent Alert: New COVID Variant Causes Alarming Symptoms—You Must Know This!

The UK is experiencing a rise in COVID-19 cases, with the UK Health Security Agency (UKHSA) confirming that the XEC strain of the virus is spreading. This variant, a combination of the KS.1.1 and KP.3.3 strains, is...

Technology

Apple’s AI-Enhanced iPhone Sales Boost Revenue, But Conservative Forecast Raises Concerns

Apples latest AI-enhanced iPhone models helped lift fourth-quarter revenue beyond expectations, with earnings per share reaching $1.64. However, a tempered growth forecast and weaker China sales left analysts uncertain...

Uber Hits Record Profit but Issues Cautious Holiday Forecast Amid Booking Slowdown

Despite achieving a record $1.06 billion operating profit in Q3, Uber Technologies Inc. announced a softer-than-anticipated outlook for the holiday quarter. Weaker ride bookings and currency exchange headwinds impacted...

Elon Musk Considers Solar + Battery for Starlink, Enhancing Portable Internet Access Worldwide

Elon Musk, SpaceX CEO, is exploring the potential for a solar and battery-powered Starlink system, responding to user demand for 24/7 high-speed internet access across diverse environments. This enhancement could offer...

Exxon and Chevron Navigate Oil Price Drop as Investor Returns Face Potential Strain

As oil prices slump and market surpluses grow, Exxon and Chevrons latest earnings show resilience yet reveal pressures on future investor returns. Both oil giants are navigating a drop in profits while affirming dividend...

Hyundai IONIQ 5 Sets New Sales Record as Upgraded 2025 Model Prepares for Launch

Hyundais IONIQ 5 continues to dominate the electric SUV market, setting a new October sales record in the U.S. With the release of the 2025 model imminent, the IONIQ 5 is poised for even greater success with upgrades,...