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FxWirePro: GBP/AUD dives lower on below forecast US CPI data, good to sell on rally

Aug 10, 2022 22:47 pm UTC| Technicals

GBP/AUD declined sharply on Wednesday as the pair attracted seller after below forecast US CPI readings. The U.S. Consumer Price Index (CPI) was unchanged last month after advancing 1.3% in June. The pair dropped...

FxWirePro: EUR/NZD attracts selling interest, vulnerable to more downside

Aug 10, 2022 22:36 pm UTC| Technicals

EUR/NZD declined on Wednesday as the pair attracted sellers after lower-than-expected U.S. inflation print for July dampened Federal Reserve rate hike in September. Traders slashed bets the Fed will deliver a third...

FxWirePro: EUR/AUD falls on softer U.S. CPI data, plunge to test a key fibo grows

Aug 10, 2022 19:40 pm UTC| Technicals

EUR/AUD declined sharply on Wednesday after U.S. headline and core inflation undershot forecasts, pushing the pair below 5DMA and 38.2%fib. Less than expected July inflation report raised expectations of a less...

FxWirePro: Daily Commodity Tracker - 10th August, 2022

Aug 10, 2022 17:27 pm UTC| Technicals

Daily Commodity...

FxWirePro: EUR/JPY slumps over 0.90%, US inflation data triggers yen rally across the board

Aug 10, 2022 17:16 pm UTC| Technicals

Chart - Courtesy Trading View Technical Analysis: - EUR/JPY was trading 0.90% lower on the day at 136.73 at around 17:10 GMT - The pair has paused upside at daily cloud and 55-EMA resistance - Price action has...

US dollar battered after softer US inflation data, USD/JPY plummets into daily cloud

Aug 10, 2022 13:14 pm UTC| Technicals Economy

Chart - Courtesy Trading View Data released by the Bureau of Labour Statistics earlier on Wednesday showed that the headline US CPI remained flat in July against the 0.2% rise anticipated. The yearly rate...

FxWirePro: NZD/USD extends break above 0.63 handle, DXY weakness ahead of US CPI data supports

Aug 10, 2022 11:07 am UTC| Technicals

Chart - Courtesy Trading View NZD/USD was trading 0.43% higher on the day at 0.6311 at around 10:55 GMT. The pair is edging above 55-EMA and price action has entered the daily cloud. Momentum is bullish. Stochs...

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Economy

Russia Cuts Gas to Austria in Payment Showdown: EU Energy Crisis Takes a Heated Turn

In a dramatic escalation of Europes energy woes, Russia abruptly halted gas supplies to Austria on Saturday over a contentious payment dispute involving Austrias largest energy firm, OMV, and Russian state-owned Gazprom....

Why Inflation Won’t Stop Tariffs: ‘The Political Agenda Matters More,’ Warns Economist

As inflation continues to strain household budgets, voters remain deeply concerned about rising costs. Yet, according to UBS Chief Economist Paul Donovan, inflation fears are unlikely to deter the United States from...

‘Trump Trade’ Economics Explained: How Tariffs, Deregulation, and Spending Plans Could Reshape the Market

The Trump trade is back in focus following the dramatic market reactions to Donald Trumps return to the White House. With equities soaring, Treasury yields climbing, and the U.S. dollar strengthening, Bank of America...

‘Republican Power Play’: Trump’s Second Term Brings ‘Explosive’ Shifts in Congress Compared to 2016 Sweep

The Republican Partys decisive victory in the 2024 elections has reignited comparisons to its 2016 sweep that handed the GOP control of both the White House and Congress. However, while the broad goals of the Republican...

‘Massive Market Shakeup’: Second Trump Term Sparks Investor Optimism but Raises ‘Explosive’ Policy Questions Ahead

With Donald Trump returning to the White House, financial markets are experiencing a rapid reshuffling of expectations, according to a UBS report released this week. U.S. stocks surged following Trumps reelection,...

Politics

Trump Meeting Rumors Put Ripple Labs CEO in Hot Seat; XRP Soars Amid Backlash

Ripple Labs CEO Brad Garlinghouse is under fire following rumors of a meeting with President-elect Trump. Industry leaders accuse Ripple of promoting an anti-bitcoin agenda as XRP prices spike amid the speculation. The...

Trump’s Bitcoin Reserve Plan: Could $90B in BTC Make the U.S. a Crypto Superpower?

Donald Trumps proposal for a $90 billion U.S. Bitcoin reserve sparks debate among financial experts. Advocates like Anthony Pompliano call it a vital step to counter the growing crypto influence of nations like Bhutan and...

Kamala Harris Meeting Trump After Biden's White House Talks? ‘Explosive’ Speculation Swirls Over Political Shift

Speculation is swirling in the nations capital after unconfirmed reports suggested Vice President Kamala Harris might hold a meeting with President-elect Donald Trump. This follows Trumps widely publicized meeting with...

‘The Hammer of Justice Is Coming!’ Elon Musk’s Explosive Warning to Foreign Interference ‘Hoax Pushers’ Shakes Social Media

Billionaire entrepreneur Elon Musk has ignited a firestorm of debate with a bold statement addressing those he claims promoted foreign interference hoaxes. In a dramatic declaration on his social media platform X, Musk...

‘Trump Will End It Faster!’ Zelensky’s Shocking Prediction About Ukraine’s War Stuns Global Leaders

Ukrainian President Volodymyr Zelensky has suggested that the war with Russia may end more quickly once U.S. President-elect Donald Trump takes office. In remarks made during a press briefing in Kyiv, Zelensky voiced his...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

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...

Technology

Shiba Inu Team Sounds Alarm on Scammers Amid SHIB’s 12.5% Price Surge

The Shiba Inu team has raised concerns about crypto scams targeting its community as SHIBs price rose by 12.5% within 24 hours. Investors are advised to avoid FOMO-driven schemes and prioritize sustainable projects that...

Cathie Wood Predicts Bitcoin’s Path to $1.5 Million by 2030, Fueled by ETFs and Institutional Support

Bitcoins value may climb to $1.5 million by 2030, Ark Invests Cathie Wood predicts. With spot Bitcoin ETFs, rising institutional demand, and improved regulations, Wood argues the cryptocurrency is cementing its role as a...

Ripple Whales Buy 320M XRP in Days, Driving Price to $1.08 Amid Bullish Market Trends

Ripple whales have accumulated 320 million XRP in a massive buying spree, pushing prices to a two-year high of $1.08. Market analysts are eyeing $2 as the next target amid surging trading volume and bullish...

PNUT Hits $1.85 After $7.12M Whale Move, GOAT Climbs 90% in Solana Meme Coin Explosion

The Solana meme coin market continues its meteoric rise as a crypto whale withdrew $7.12 million worth of PNUT, driving its price up 2000%. Simultaneously, GOAT has surged by 90% since the same whale invested $6.1 million,...

Shiba Inu Burn Rate Spikes 464% With Over 624M SHIB Burned in a Week, Price Gains Ahead?

Shiba Inus burn rate soared 464% this week, with 624.5 million SHIB tokens burned. The supply shock aligns with a 6% intraday price increase, signaling bullish momentum for the meme coin amid a broader market rally in meme...