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FxWirePro-Major crypto levels and bias summary

Sep 03, 2024 17:37 pm UTC| Technicals Digital Currency

Major crypto levels and bias...

FxWirePro- Major US Indices

Sep 03, 2024 17:28 pm UTC| Technicals

SP 500- 5563 (-1.56% ) Major resistance- 5705 Near-term resistance - 5650 and 5679 (Jul 16th2024 high) Minor support- 5544,5457 (200 8H EMA ) Trend reversal level- 5485 The pair hold above...

FxWirePro- DXY Daily Outlook

Sep 03, 2024 17:07 pm UTC| Technicals

Major support- 100 Major resistance- 102 DXY gained momentum after US ISM manufacturing PMI. It hit a high of 101.85and is currently trading around 101.83. US ISM manufacturing PMI rose to 47.20 in Aug...

FxWirePro-Crude oil Daily Outlook

Sep 03, 2024 17:04 pm UTC| Technicals

Crude oil lost its shine on weak demand. It hit a low of $70.42 lowest level since Jan and is currently trading around $73.42. Chinas new export order declined sharply which confirms economic growth is sluggish. The...

FxWirePro: USD/ZAR bounce extends after downbeat South African Q2 GDP data

Sep 03, 2024 16:49 pm UTC| Technicals

USD/ZAR strengthen on Tuesday as firmeer greenback and downbeat South African Q2 GDP data weighed on South African rand. Gross domestic product expanded 0.4% in quarter-on-quarter seasonally-adjusted terms in April to...

FxWirePro: GBP/USD moves lower as bearish sentiment grips ahead of US jobs data

Sep 03, 2024 16:25 pm UTC| Technicals

GBP/USD declined on Tuesday as investors booked profits on sterlings August rally ahead of key US jobs data. Investor focus this week will squarely be on the U.S. payrolls data after Fed Chair Jerome Powell last month...

FxWirePro: EUR/USD drifts lower, could be on verge of bigger drop

Sep 03, 2024 16:10 pm UTC| Technicals

EUR/USD drifted lower on Monday as the dollar strengthened as investors focus shifted to Fridays U.S. non-farm payroll data. Economists surveyed anticipate an increase of 165,000 U.S. jobs in August, up from a gain...

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Economy

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...

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Politics

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...

U.S. Lawmakers to Review Unredacted Jeffrey Epstein DOJ Files Starting Monday

Members of the U.S. Congress are expected to gain access to the unredacted version of the Department of Justices files related to convicted sex offender Jeffrey Epstein beginning Monday morning, according to a report from...

Federal Judge Restores Funding for Gateway Rail Tunnel Project

A New York federal judge has ordered the Trump administration to release frozen federal funds for the $16 billion Gateway Project, a critical rail infrastructure initiative connecting New York and New Jersey. The ruling,...

Pentagon Ends Military Education Programs With Harvard University

The U.S. Department of Defense has announced it will terminate all professional military education programs connected to Harvard University, marking a significant shift in the Pentagons approach to academic partnerships....

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....