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GBP/JPY Skyrockets After Positive UK GDP Data: A Bullish Trend Unfolds

Feb 13, 2025 09:29 am UTC| Technicals

The GBP/JPYgained sharply after upbeat UK GDP data. It hit an intraday high of 1912.82 and is currently trading around 192.78. Intraday trend is bullish as long as support 188 holds. The UKs GDP figures for today,...

FxWirePro:NZD/USD rebounds from one-week low, US data, tariffs in focus

Feb 13, 2025 06:27 am UTC| Technicals

NZD/USD edged higher on Thursday as the dollar weakened, despite hotter-than-expected U.S. CPI data, with markets closely tracking developments in U.S. President Donald Trumps tariff plans. Trump stated he would impose...

FXWirePro: AUD/USD bulls gain some momentum heading into the weekend

Feb 13, 2025 05:47 am UTC| Technicals

AUD/USD steadied on Thursday as talk of a possible pause in the Russian-Ukraine war boosted risk sentiment Risk sentiment improved after President Donald Trump proposed a ceasefire between Russia and Ukraine, along...

FxWirePro:EUR/NZD extends gains, critical resistance lies ahead

Feb 13, 2025 00:30 am UTC| Technicals

EUR/NZD firmed on Wednesday after Bundesbank chief also talked about the upcoming German election and both Germany and Europes need for change. Bundesbank President Joachim Nagel said on Wednesday that the ECB should...

FxWirePro: GBP/AUD bulls reclaim momentum in bid for 2.2200 level

Feb 12, 2025 23:42 pm UTC| Technicals

GBP/AUD firmed on Thursday as cable enjoyed a modest bounce as investors focus shifted to Thursdays UK GDP data . Markets have moved to price in more easing from the Bank of England this year after the central bank cut...

FxWirePro: GBP/NZD positions for another climb, eyes 2.2300 level

Feb 12, 2025 23:31 pm UTC| Technicals

GBP/NZD rose on Wednesday as investors awaited UK economic data to assess health of UK economy. UKs GDP, Q4 estimates, and December industrial and manufacturing output data will be released on Thursday, offering...

FxWirePro: USD/CAD faces volatility amid trade war fears and U.S. inflation data

Feb 12, 2025 20:41 pm UTC| Technicals

USD/CADinitially gainedon Wednesday but gave up most of ground as investors reacted to concerns over a global trade war triggered by Trumps new tariffs and stronger-than-expected U.S. inflation data. The Trump...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....