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FxWirePro: USD/ZAR hits one-week high as budget uncertainty weighs on rand

Apr 25, 2025 11:32 am UTC| Technicals

USD/ZAR hit one-week high on Friday as investors awaited clarity on the South Africas disputed national budget. South Africas leading political parties are at odds over a plan to raise VAT by 1% over the next two...

FxWirePro: GBP/USD eases despite strong UK retail sales data

Apr 25, 2025 10:30 am UTC| Technicals

GBP/USD saw a dip on Friday, despite positive retail sales data from the UK, as the dollar gained traction due to hopes of a U.S.-China trade truce. The dollar saw its first weekly rise in over a month as investors...

FxWirePro: USD/JPY advances on hopeful signs of U.S.-China trade Resolutions

Apr 25, 2025 09:44 am UTC| Technicals

USD/JPY firmed on Friday as the dollar strengthened, driven by optimism over U.S.-China trade tensions easing. This week, the U.S. shifted its approach, while China looked into removing tariffs on some U.S. goods due...

FxWirePro: USD/CNY edges lower as Yuan firms on trade optimism

Apr 25, 2025 08:12 am UTC| Technicals

USD/CNY edged lower on Friday as Chinese Yuan firmed as markets reacted positively to a perceived easing in U.S. rhetoric toward China, despite no concrete progress in trade talks. On Tuesday, President Donald Trump...

Asia Roundup: Dollar rises on optimism over easing Sino-US trade tensions, Asian stocks gains, Gold falls , Oil edges up -April 25th,2025

Apr 25, 2025 07:26 am UTC| Technicals

Market Roundup Japan CPI (YoY) (Apr) 2.0%, 1.1% previous Japan Tokyo Core CPI (YoY) (Apr) 3.4%, 3.2%forecast,2.4% previous Japan Tokyo CPI (YoY) (Apr) 3.5% ,2.9% previous Japan CPI Tokyo Ex Food and Energy...

FxWirePro: NZD/USD loses momentum but short term outlook remains bullish

Apr 25, 2025 06:12 am UTC| Technicals

NZD/USD edged lower on Friday as greenback firmed on signs of easing in Sino-US trade tensions. Trump rattled currency markets at the weeks open, sending the dollar plunging against major peers after he threatened to...

FxWirePro: AUD/USD edges lower, but bias remains bullish

Apr 25, 2025 05:38 am UTC| Technicals

AUD/USD edged lower on Friday as the dollar strengthened on softening in the White Houses stance toward China. After tit-for-tat tariffs effectively halted trade between the worlds two largest economies, the U.S. this...

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Economy

Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks

Wall Street closed sharply lower on Friday, ending a two-week winning streak as investors sold technology shares amid a continued pullback in the artificial intelligence (AI) sector and renewed concerns over inflation...

Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears

Global oil prices posted their strongest weekly gains in months on Friday as the escalating conflict between the United States and Iran heightened concerns over global crude supply and shipping disruptions through the...

Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis

President Donald Trump has threatened to impose higher tariffs on Canada, blaming the country for worsening air pollution across the United States as smoke from hundreds of active Canadian wildfires spreads south of the...

AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software

The explosive rally in AI semiconductor stocks is showing signs of cooling as investors question lofty valuations and whether the massive spending on artificial intelligence infrastructure can continue at its current pace....

Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand

Malaysias economy expanded by 5.8% year-on-year in the second quarter of 2026, outperforming market expectations and highlighting the countrys resilience despite ongoing geopolitical uncertainties. According to advance...

Politics

Iran Expands Gulf Attacks as U.S. Strikes Intensify, Oil Prices Surge

Iran widened its military campaign against U.S. allies in the Gulf on Saturday after the United States carried out a seventh consecutive night of strikes on Iranian military targets, marking another escalation in the...

Brazil Supreme Court Tightens Jair Bolsonaro House Arrest Ahead of Election

Brazils Supreme Court has imposed stricter restrictions on former President Jair Bolsonaro, suspending all non-essential visits to his residence for 30 days as the country moves closer to its October presidential election....

US Expands Iran Strikes as Strait of Hormuz Shipping Drops, Oil Prices Climb

The United States carried out a seventh straight night of military strikes on Iran, extending operations beyond the countrys southern coast and deeper into its interior, while Tehran launched retaliatory attacks on...

DOJ Subpoenas Major Law Firms in Trump Executive Order Dispute

The U.S. Justice Department has issued subpoenas to 14 major law firms seeking records and sworn testimony related to executive orders signed by President Donald Trump that targeted several prominent legal firms or...

Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech

President Donald Trump criticized ABC, NBC and CNN after the three major U.S. news organizations declined to air his prime-time address on their main television platforms, intensifying his long-running dispute with the...

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

DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO

Chinese artificial intelligence startup DeepSeek is preparing a new fundraising round that could value the company at approximately 500 billion yuan ($74 billion) as it moves closer to a potential initial public offering...

SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave

SpaceX briefly recovered some of its losses on Friday after a Wall Street Journal report said the aerospace company is negotiating a multi-billion-dollar agreement with the Pentagon to provide artificial intelligence...

Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit

Swiss automation and machining systems manufacturer Mikron Group AG reported lower first-half 2026 results as weaker demand in its Automation and Machining businesses offset strong growth in its Tool division. Despite the...

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...