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FxWirePro:GBP/AUD fall below 1.7700 level, more downside expected

Jan 02, 2023 18:44 pm UTC| Technicals

GBP/AUD dipped on Monday as worries about rising inflation and a potential recession UK weighed on sterling . British pound is likely to remain under pressure owing to inflation-growth angst in UK. The pairs fall...

FxWirePro: EUR/GBP Daily Outlook

Jan 02, 2023 07:04 am UTC| Technicals

Chart - Courtesy Trading View EUR/GBP was trading 0.16% higher on the day at 0.8855 at around 06:50 GMT. Trade remains muted amid holiday in the UK. The pair has ignored Doji formation on the previous sessions candle...

FxWirePro: EUR/JPY poised for further downside, focus on German inflation data for impetus

Jan 02, 2023 06:46 am UTC| Technicals

Spot Analysis: EUR/JPY was trading 0.26% lower on the day at 139.95 at around 06:20 GMT Previous Weeks High/ Low: 142.93/ 139.98 Previous Sessions High/ Low: 141.89/ 139.98 Fundamental Overview: Hawkish...

FxWirePro: USD/JPY rangebound below 131 in Monday’s sluggish session, hawkish BOJ expectations keep bias lower

Jan 02, 2023 04:55 am UTC| Technicals

Chart - Courtesy Trading View USD/JPY was trading just below 131 handle at 130.93 at around 04:45 GMT, poised to test fresh multi-month lows below 130.56. The pair remains depressed below 131 handle amid Mondays...

FxWirePro: GBP/NZD claws back some ground but trend is still bearish

Dec 31, 2022 00:49 am UTC| Technicals

GBP/NZD declined on Friday as buyers emerged whippy price action took hold as year-end approached. The pair recovered up to 1.9071, it was last up 0.22% at 1.9017. The pair remains weak and might fall futher due to...

FxWirePro :GBP/AUD set for bigger drop, but close below key fibo needed

Dec 31, 2022 00:03 am UTC| Technicals

GBP/AUD dipped on Friday as lingering Inflation-recession angst in UK weighed on pound. The British pound is likely to remain under pressure in 2023 owing to inflation-growth angst. The pairs falls below 5DMA has...

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

Dec 30, 2022 23:40 pm UTC| Technicals

EUR/AUD declined on Friday as gains in commodity and equity market helped drive Australian dollar higher against euro. The risk sensitive Aussie dollar , which is strongly tied to Chinese growth, was the best...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

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...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

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...

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....