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FxWirePro: Daily Commodity Tracker - 2nd March, 2021

Mar 02, 2021 15:40 pm UTC| Technicals

Daily Commodity...

FxWirePro: AUD/NZD retakes 200-DMA, breakout at 55-month EMA will buoy bullish bias

Mar 02, 2021 15:28 pm UTC| Technicals

AUD/NZD chart - Trading View Technical Analysis: Bias turning bullish - AUD/NZD spikes past 200-DMA to hit 4-day high at 1.0747 - Upside has paused shy of daily cloud top at 1.0749 - The pair is extending gains...

FxWirePro:EUR/AUD attracts selling interest, could be on verge of a bigger drop

Mar 02, 2021 15:07 pm UTC| Technicals

EUR/AUD declined on Tuesday as downbeat German unemployment weighed on euro. German unemployment rose by 9,000 in seasonally adjusted terms to 2.752 million Two day dip has turned the daily signals into negative...

FxWirePro: EUR/GBP extends weakness after recovery falters at 21-EMA

Mar 02, 2021 12:20 pm UTC| Technicals

EUR/GBP chart - Trading View EUR/GBP was trading 0.17% lower on the day at 0.8637 at around 12:00 GMT, outlook is bearish. The pair is extending weakness for the 3rd straight session after recovery was rejected at...

FxWirePro: EUR/JPY trades weaker after Doji on Monday's candle, poor eurozone CPI data to add bearish pressure

Mar 02, 2021 10:52 am UTC| Technicals

EUR/JPY chart - Trading View EUR/JPY was trading 0.18% lower on the day at 128.39 at around 10:15 GMT. Dismal eurozone inflation data released earlier today is likely to add bearish pressure on the single...

FxWirePro: NZD/USD hovers around 50-DMA, break below to resume weakness

Mar 02, 2021 10:10 am UTC| Technicals

NZD/USD chart - Trading View NZD/USD was trading 0.60% lower on the day at 0.7222 at around 09:30 GMT. The pair has resumed downside after a brief pause on Mondays trade, outlook bearish. Price action has slipped...

FxWirePro- EURUSD Daily outlook

Mar 02, 2021 09:51 am UTC| Technicals

Ichimoku analysis (4 Hour chart) Tenken-Sen- 1.20581 Kijun-Sen- 1.21289 EURUSD continues to trade weak for 3rd consecutive days and lost more than 250 pips on broad-based US dollar buying. The risk...

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Economy

FEMA Rules Go Live: New Foreign-Exchange Framework Jolts Markets

Formally notifying new Foreign Exchange Management Act (FEMA) restrictions, the Indian government immediately operationalizes important budget announcements and upsets the home stock markets. The new laws, which became...

Fitch Cuts Global Growth Outlook for 2026 as Oil Shock From U.S.-Iran Conflict Weighs on Economy

Fitch Ratings has lowered its global economic growth forecast for 2026 and increased its crude oil price projections, citing the ongoing economic fallout from the U.S.-Iran conflict. The ratings agency warned that elevated...

Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate

Indonesias central bank, Bank Indonesia (BI), is set to prepare new technical regulations following the approval of a major financial system law that significantly expands its mandate. The move comes after Indonesias...

UK House Prices Slip for Third Straight Month as Borrowing Costs and Iran Conflict Weigh on Demand

British house prices unexpectedly declined in May, marking the third consecutive monthly drop and signaling a cooling UK housing market as higher borrowing costs and geopolitical uncertainty continue to dampen buyer...

RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks

The Reserve Bank of India (RBI) has decided to keep its benchmark repo rate unchanged at 5.25%, in line with market expectations, while lowering its economic growth forecast due to increasing global and domestic...

Politics

Trump Forced Labour Tariff Plan Faces Criticism as Experts Question Effectiveness

President Donald Trumps proposed tariffs targeting countries accused of failing to combat forced labour are drawing criticism from trade experts, business organizations, and human rights advocates, who argue the measures...

Putin Says Ukraine War Could End Through Compromise as Russian Forces Continue Advances

Russian President Vladimir Putin reaffirmed Russias hardline position on the Ukraine war, stating that Russian troops continue to make battlefield gains while signaling that a peace agreement remains possible if Kyiv...

Colombia Election 2026: Ivan Cepeda Shifts Stance on Constitutional Reform to Court Centrist Voters

Colombias leftist presidential candidate Ivan Cepeda has softened his position on creating a constituent assembly ahead of the June 21 runoff election, signaling a strategic move to attract centrist voters and broaden...

Kennedy Center Ordered to Remove Trump Name Following Federal Court Ruling

The John F. Kennedy Center for the Performing Arts has instructed staff to remove references to President Donald Trump from official materials after a federal court ruled that the renowned Washington, D.C., institution...

US Sanctions Cuban President Miguel Diaz-Canel and Key Officials Amid Rising Tensions

The United States has imposed new sanctions on Cuban President Miguel Diaz-Canel, along with several individuals and entities linked to Cubas government, according to information published by the U.S. Treasury Department....

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

US Officials Explore AI Company Equity Stakes Ahead of OpenAI and Anthropic IPO Plans

Senior U.S. government officials have reportedly held preliminary discussions with leading artificial intelligence companies regarding the possibility of the federal government acquiring equity stakes in their businesses....

Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch is reportedly in discussions to raise billions of dollars in a new funding round that could value the company at more than $50 billion, according to a report from The Information. The potential...

South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge

South Koreas Labor Minister Kim Young-hoon has called for a national discussion on how to distribute the extraordinary profits generated by the countrys booming artificial intelligence (AI) and semiconductor industries....

Jensen Huang Strengthens Nvidia’s South Korea Ties Amid AI Expansion

Nvidia CEO Jensen Huang is set to make his second visit to South Korea in just seven months, underscoring the countrys growing importance in the global artificial intelligence ecosystem. Beyond high-level business...

Meta Delays Release of New AI Model as API Rollout Remains Uncertain

Meta Platforms Inc. (NASDAQ: META) has reportedly postponed the release of its latest artificial intelligence model to developers several times, with no confirmed launch date currently in place. According to a Wall Street...