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Fri, Nov 08, 2024 08:44 PM All times are UTC

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FxWirePro- GBPJPY Daily Outlook

Mar 17, 2023 08:05 am UTC| Technicals

GBPJPY pared most of its loss made yesterday on easing market sentiment. The pair recovered more than 350 pips from a minor bottom of 158.54 on a strong pullback in the Pound sterling. It hits a high of 162.10 and is...

FxWirePro: EUR/GBP trades directionless, awaits UK CPI and BoE Interest Rate decision next week

Mar 17, 2023 07:02 am UTC| Technicals

Chart - Courtesy Trading View EUR/GBP was trading in a narrow 14 pip range, extends sideways at cloud base and 110-EMA. The British pound under pressure as banking turmoil clouds rate outlook. Jeremy Hunts spring...

FxWirePro: AUD/USD extends gains, quick intervention in the banking crisis aids relief rally

Mar 17, 2023 06:24 am UTC| Technicals

Chart - Courtesy Trading View AUD/USD extends gains ahead of US Consumer Inflation Expectations, trades 0.78% higher on the day at 0.6707 at around 06:10 GMT. Authorities and banks stepped in quickly to ease stress...

FxWirePro: USD/JPY slips lower as risk sentiment improves, focus shifts to FOMC meet next week

Mar 17, 2023 04:01 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading 0.39% lower on the day at 133.18 at around 03:50 GMT, improved risk sentiment across markets dents demand for dollar. The dollar slipped on Friday as systemic risk...

FxWirePro:GBP/AUD uptrend gains momentum, good to buy on dips

Mar 16, 2023 19:05 pm UTC| Technicals

GBP/ AUD rebounded from earlier dip on Thursday as sterling was boosted across the board after ECB shrugged off recent market turmoil and raised rates by 50bp. Investors await the Bank of Englands rate decision next...

FxWirePro: GBP/NZD range to extend until there is game changing news

Mar 16, 2023 18:04 pm UTC| Technicals

GBP/NZD rose higher on Thursday as GBP benefited from ECB rate hike decision and Credit Suisses bailout. GBP/NZD remains bullish, only a break and daily close below 38.2%fib support at 1.9506 will shift bias to the...

FxWirePro: EUR/NZD stuck in range but maintains bullish bias

Mar 16, 2023 17:04 pm UTC| Technicals

EUR/NZD initially dipped on Thursday but rebounded after 50-basis-point interest rate hike by the European Central Bank. European Central Bank pushed through 50 bps hike despite market turmoil. The current uptrend...

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Economy

FxWirePro- Major Economic Events for teh day

Date Time (GMT) Currency Event Forecast Previous Nov 8th2024 1:30 pm CAD Employment...

South Korea to Monitor Financial Markets Amid Growing Volatility

South Korea Expands Market Monitoring to Address Volatility South Koreas Finance Minister, Choi Sang-mok, announced on Friday that the government is prepared to respond swiftly to any excessive volatility in the...

Japan's Currency Intervention: A Strategic Response to Yen Volatility

Japans Currency Intervention Efforts In July 2024, Japans Ministry of Finance (MOF) reported significant currency interventions to address the volatility of the yen. On July 11, Japan spent 3.168 trillion yen ($20.69...

U.S. Judge Dismisses Fraud Claims Against Rio Tinto and Ex-CEO Over Oyu Tolgoi Mine Delays

Overview of Lawsuit Dismissal A U.S. District Judge, Lewis Liman, dismissed some claims in a lawsuit accusing Rio Tinto and its former CEO, Jean-Sebastien Jacques, of defrauding investors. The case relates to delays and...

UK Labor Market Shows Signs of Cooling Amid Weak Wage Growth and Tax Increases

UK Labor Market Slows Amid Weakest Wage Growth Since 2021 The UKs labor market showed further signs of cooling in October, with the weakest wage growth since early 2021, according to a survey by the Recruitment and...

Politics

Trump Ally Endorses Rick Scott to ‘Make the Senate Great Again: ‘Senator Scott Will Lead the Charge!’

With Republicans positioning themselves to reassert influence in Congress, Sen. Rick Scott (R-Fla.) received a ringing endorsement for Senate Majority Leader from a prominent Trump-era official. The endorsement, shared on...

Arizona’s Prop. 314 Passes: ‘Undocumented Migrants to Face Jail Time and Immediate Deportation,’ Authorities Vow Tough Action!

Arizona voters have passed Proposition 314, a controversial measure granting state and local authorities unprecedented power to arrest and deport undocumented migrants who cross into the state illegally. The new law, which...

Lara Trump Vows GOP is ‘Keeping a Close Eye’ on Every Vote Count in Critical Races Across America: ‘We Won’t Let This Slide!’

As pivotal races across the United States remain in limbo, Lara Trump has assured Republicans that the GOPs legal teams are rigorously monitoring vote-counting processes in key battleground states and districts. In a...

Donald Trump's Bold Move: 'I'll End Congressional Careers with Term Limits'

In a decisive policy shift, former President Donald Trump has announced plans to advocate for term limits on members of Congress, aiming to curtail prolonged tenures and promote legislative turnover. During a recent...

Donald Trump's Shocking Triumph: '64% of Native Americans Backed Me'

In a surprising turn of events, former President Donald Trump secured 64% of the Native American vote in the recent election, defying traditional voting patterns and reshaping the political landscape. Historically,...

Science

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

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...

Technology

Lucid Gravity Order Page Live: Luxury Electric SUV Starts at $94,900, Packs 828 HP

Lucid Motors has launched the order page for its new Gravity SUV, priced at $94,900 for the Grand Touring trim. Boasting 828 horsepower, a range of over 440 miles, and seating for up to seven, the Gravity SUV aims to rival...

Tesla Price Target Raised 32% by Bank of America After Trump’s Election Win

Following Donald Trumps election as the 47th U.S. president, Bank of America raised its Tesla price target by 32%, setting it at $350 per share. Analysts suggest Trumps policies may favor Tesla, especially in advancing...

Rivian Targets Q4 Profit with Cost Cuts, Green Credits Amid Lower EV Demand

Amid challenging market conditions and component shortages, Rivian aims to post its first gross profit in Q4, driven by cost-saving strategies and rising green credit sales. The company, which saw a revenue drop in Q3, is...

Pinterest Revenue and Profit Surge as AI Investments Boost Advertisers and User Growth

Pinterest reported an 18% revenue increase in the third quarter, reaching $898.4 million, as AI-driven personalization attracts more advertisers and fuels user growth. The platform now boasts a record 537 million active...

Tether Ventures into Middle Eastern Oil Market with $45M Crude Shipment, Signaling Fintech Power Shift

Tether, issuer of the USDT stablecoin, has financed its first major crude oil transaction in the Middle East, moving 670,000 barrels valued at $45 million. This marks a significant entry into commodities for Tether...