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FxWirePro: NZD/USD falls below 0.5600 level, bears keep the advantage

Feb 04, 2025 06:28 am UTC| Technicals

NZD/USD drifted lower on Tuesday as dollar firmed broadly after U.S. tariffs on Chinese goods took effect. Trump warned of higher tariffs on China unless Beijing stopped the flow of fentanyl, a deadly opioid, into the...

FxWirePro: AUD/ USD under pressure after early buying dries up

Feb 04, 2025 05:59 am UTC| Technicals

The AUD/USD fell on Tuesday as the dollar strengthened, driven by investors reacting to abrupt shifts in U.S. trade policy. This week, investors are focused on a series of U.S. jobs data, including job openings later...

FxWirePro: EUR/NZD uptrend loses momentum but bullish setup remains

Feb 03, 2025 22:39 pm UTC| Technicals

EUR/NZD initially gained but lost ground as concerns grew that U.S. President Donald Trumps tariffs on Canada, Mexico, and China could spark a global trade war. Trump said over the weekend that tariffs on the European...

FxWirePro: EUR/AUD bulls loosen their grip a bit, dips to be bought

Feb 03, 2025 22:30 pm UTC| Technicals

EUR/AUD retreated on Monday as investors awaited for more clues on U.S. President Donald Trumps latest tariffs measures. The tariffs, set to take effect at 0501 GMT on Tuesday, would affect $1.3 trillion of goods, or...

FxWirePro: GBP/AUD uptrend looks tired, but continues to hold

Feb 03, 2025 22:15 pm UTC| Technicals

GBP/AUD eased slightly as the pairs bullish movement stalled as markets awaited further trade policy clarity. Trumps decision to impose 25% tariffs on goods from Canada and Mexico, coupled with a 10% levy on Chinese...

FxWirePro:GBP/NZD sustains gains as uptrend remains strong

Feb 03, 2025 22:05 pm UTC| Technicals

GBP/ NZD strengthened On Monday as sterling gained traction after the agreement between the U.S. and Mexico to postpones tariffs for a month. Mexican President Claudia Sheinbaum and President Trump agreed to delay...

FxWirePro: USD/ CAD trims gains, primary trend still bullish

Feb 03, 2025 17:26 pm UTC| Technicals

USD/CAD slid sharply lower on Monday as Trumps tariff announcement unsettled investors. Trump on Saturday issued 25% trade duties on Canada and Mexico, along with a 10% levy on China. Canada immediately announced...

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Economy

India's Central Bank Holds Rates Amid Iran War Energy Shock

Indias Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has...

Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110

Oil prices briefly surged past $110 per barrel on Monday after President Donald Trump escalated military and diplomatic pressure on Iran, demanding the reopening of the Strait of Hormuz by Tuesday evening or face strikes...

Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions

Asian currencies struggled to find clear direction on Monday as the US dollar remained resilient, with investors carefully weighing escalating geopolitical risks in the Middle East against emerging ceasefire diplomacy. The...

Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices

The Bank of Japan has raised concerns about the potential deterioration of regional economies, citing escalating oil prices and supply chain disruptions linked to ongoing conflict in the Middle East. In its latest...

India's Services Sector Growth Slows to 14-Month Low in March Amid Rising Costs

Indias services sector expanded at its slowest pace in 14 months during March, as the ongoing Middle East conflict weighed on domestic demand and cost pressures intensified sharply, according to the latest HSBC India...

Politics

Hegseth Warns of Heaviest Strikes Yet as Trump Issues Iran Ultimatum Over Nuclear Deal

President Donald Trump escalated tensions with Iran on Monday, warning that the United States could launch devastating attacks on Iranian civilian infrastructure including power plants and bridges unless Tehran agrees to...

Trump's Iran Deadline Is Final: Nuclear Deal Talks at Critical Juncture

With tensions escalating rapidly in the Middle East, U.S. President Donald Trump declared Monday that his Tuesday deadline for Iran to reach a nuclear agreement is firm and unlikely to be pushed back. Speaking to reporters...

Indonesia Files Genocide Case Against Myanmar's Min Aung Hlaing Over Rohingya Crisis

A coalition of civil society organizations filed a landmark criminal complaint in Indonesia on Monday against Myanmars newly elected President Min Aung Hlaing, accusing him of committing genocide against the Rohingya...

Ukrainian Drone Strikes Hit Novorossiysk, Injuring Eight and Cutting Power Across Russia

At least eight people, including two children, were injured Monday after Ukrainian drones struck Novorossiysk, a major Russian Black Sea port city. Local authorities confirmed that several residential buildings sustained...

Trump Endorses Steve Hilton for California Governor

Donald Trump has thrown his full support behind Steve Hilton, a Fox News host and former British government official, in Californias upcoming gubernatorial race. Announcing his endorsement on Truth Social, Trump expressed...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

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...

Technology

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...