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FxWirePro: USD/CAD loses momentum but bullish setup remains

Jan 23, 2025 20:09 pm UTC| Technicals

USD/CAD initially dipped but regained some ground after U.S. President Donald Trump called for lower interest rates, without offering clarity on tariffs. Despite frequently mentioning tariffs, Trump again declined to...

FxWirePro: USD/MXN key support holds, rebound risk high

Jan 23, 2025 19:50 pm UTC| Technicals

USD/MXN declined on Thursday as peso strengthened as traders expecting more news on the tariff front from U.S. President Donald Trump.. The currency has gained about 1.6% so far this week as traders digest prospects of...

FxWirePro: EUR/CAD consolidates around 1.4980 , maintains bullish bias

Jan 23, 2025 14:28 pm UTC| Technicals

EUR/CAD steadied on Thursday as market participants awaited further clarity on policies from U.S. President Donald Trumps administration. This week, Trump suggested 25% tariffs on Canada and Mexico, 10% on China...

FxWirePro: GBP/USD trends higher, but faces potential pitfalls

Jan 23, 2025 11:04 am UTC| Technicals

GBP/USD steadied around 1.2326 on Thursday as investors kept their focus on U.S. President Donald Trumps threats of tariffs. Sterling surged sharply on Trumps inauguration day, following a Wall Street Journal report...

FxWirePro: USD/ZAR steadies around 18.550, retains bid tone

Jan 23, 2025 10:18 am UTC| Technicals

USD/ZAR strengthened against dollar on Thursday as investors eyed Trumps trade policies and the SARBs rate decision next week. Global markets are watching Trumps tariff plans, with warnings of possible tariffs on...

FxWirePro: USD/JPY remains within a narrow range as attention shifts to BOJ rate decision

Jan 23, 2025 09:29 am UTC| Technicals

USD/JPY traded flat on Thursday as investors looked ahead to the upcoming U.S. PCE data for clearer direction. Bank of Japan Governor Kazuo Ueda stated last week that the BoJ will consider a rate hike next week, guided...

FxWirePro: AUD/ JPY capped by the 50.0% Fibonacci, good to sell on rally

Jan 23, 2025 08:42 am UTC| Technicals

AUD/ JPY steadied around 98.54 on Thursday as traders looked ahead to Bank of Japans rate decision this week. The Bank of Japan is expected to raise interest rates on Friday, pushing short-term borrowing costs to their...

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Economy

ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock

The European Central Bank faces mounting pressure to act decisively as inflation risks intensify across the euro zone. ECB Governing Council member Dimitar Radev has cautioned that price expectations could shift more...

Energy Prices and Dollar Climb as U.S.-Iran Conflict Grips Global Markets

The U.S. dollar remained close to recent highs on Tuesday as global markets braced for a critical deadline set by President Donald Trump, demanding Iran reopen the Strait of Hormuz to international shipping or face...

China's Fermented Feed Push: Cutting Soybean Dependence Amid Trade War

China is rapidly scaling up the use of fermented animal feed as part of a broader strategy to reduce its reliance on imported soybeans a shift driven equally by trade tensions with the United States and long-term food...

U.S. Futures Slip as Iran Rejects Ceasefire and Trump Deadline Looms

U.S. stock index futures edged lower Monday evening as investors remained on edge over escalating tensions in the Middle East, with President Donald Trumps deadline for Iran to reopen the Strait of Hormuz fast approaching...

Gold Prices Drop for Third Consecutive Session Amid Iran Tensions and Inflation Fears

Gold prices continued their downward trend in Asian trading on Tuesday, marking a third straight session of losses as markets grappled with mounting inflation concerns and escalating geopolitical tensions tied to U.S....

Politics

Trump May Delay Iran Military Strike If Diplomatic Deal Shows Promise

President Donald Trump is reportedly open to postponing planned military action against Iran should credible signs of a diplomatic breakthrough emerge, according to multiple media outlets citing an Axios report. U.S....

Iran-Israel War Escalates as Trump's Ceasefire Deadline Looms

Tensions in the Middle East reached a critical flashpoint as Iran and Israel continued exchanging strikes, with Tehran firmly rejecting a U.S.-brokered ceasefire proposal just hours before a deadline issued by President...

Vance Visits Hungary to Back Orban Ahead of Pivotal 2025 Elections

U.S. Vice President JD Vance is traveling to Hungary this week in a show of political solidarity with Prime Minister Viktor Orban, who faces his most difficult re-election battle since coming to power in 2010. The two-day...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

UN Security Council Votes on Watered-Down Strait of Hormuz Resolution Amid China Opposition

The United Nations Security Council is set to vote Tuesday on a resolution aimed at protecting commercial shipping through the Strait of Hormuz, though the proposal has been significantly weakened following resistance from...

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

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

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...