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FxWirePro: EUR/GBP Daily Outlook

Aug 12, 2022 07:01 am UTC| Technicals

Chart - Courtesy Trading View EUR/GBP slips lower from session highs at 0.8466, trades 0.05% lower on the day at 0.8449 at around 06:45 GMT. The pair is consolidating break above 200-DMA, struggles at 110-EMA which...

FxWirePro: UK GDP, Manufacturing Production data better expectations, GBP/CHF holds marginal gains

Aug 12, 2022 06:24 am UTC| Technicals

Chart - Courtesy Trading View GBP/CHF was trading 0.19% higher on the day at 1.1490 at around 09:10 GMT, after closing 0.34% lower in the previous session. The latest data published by Office for National Statistics...

FxWirePro- GBPJPY Daily Outlook

Aug 12, 2022 05:56 am UTC| Technicals

GBPJPY formed a double bottom around 161 and showed a minor pullback. Pound sterling holds above 1.2200 level ahead of UK GDP. Markets expect the UK economy to contract by 0.2% compared to 0.80% previous. Any close above...

FxWirePro- Gold Daily Outlook

Aug 12, 2022 05:34 am UTC| Technicals

Ichimoku Analysis (4- hour Chart) Tenken-Sen- $1793.06 Kijun-Sen- $1789.38 Gold price regained after a minor decline to $1783 on weak US PPI data. It fell by 0.5% in July for the first time since the...

FxWirePro: EUR/NZD extends drop, faces 23.6% fib support

Aug 12, 2022 00:42 am UTC| Technicals

EUR/NZD declined on Thursday as higher commodities prices boosted commodity linked kiwi dollar. U.S. crude prices were up 0.9% after the International Energy Agency raised its oil demand growth forecast for this...

FxWirePro:GBP/NZD falls below 1.9000, bears keep the advantage

Aug 11, 2022 20:41 pm UTC| Technicals

GBP/NZD declined sharply on Thursday as focus shifted to Fridays UK GDP data. The preliminary reading of Britains GDP on Friday is expected to show a contraction during the second quarter. At GMT 20:29, the pair was...

FxWirePro: GBP/AUD downside pressure builds, key support level in focus

Aug 11, 2022 20:13 pm UTC| Technicals

GBP/AUD declined on Thursday as sterling attracted sellers a day ahead of gross domestic product (GDP) data which are likely to show further signs of a weakening UK economy. UK GDP is expected to slip 0.3% in the...

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Economy

U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge

The U.S. dollar traded steadily on Wednesday, hovering close to its lowest level since early October as fresh economic data reinforced concerns about a softening labor market and uncertainty over the Federal Reserves next...

Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains

Most Asian stocks drifted higher on Wednesday, supported by a mild rebound in the battered technology sector, although persistent uncertainty surrounding the U.S. economy kept overall gains in check. Regional equity...

Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty

Silver prices surged to a fresh all-time high during Asian trading on Wednesday, driven by strong safe-haven demand as investors grapple with growing uncertainty surrounding the health of the U.S. economy. The rally...

Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers

Oil prices rebounded sharply in early Asian trading on Wednesday after U.S. President Donald Trump ordered a total and complete blockade of all sanctioned oil tankers traveling to and from Venezuela, triggering fresh...

Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data

Most Asian currencies traded within a narrow range on Tuesday, while the U.S. dollar remained under pressure as investors stayed cautious ahead of several crucial U.S. economic indicators, starting with the nonfarm...

Politics

European Leaders Tie Ukraine Territorial Decisions to Strong Security Guarantees

European leaders have agreed that any decisions regarding potential Ukrainian territorial concessions to Russia can only be considered once strong and credible security guarantees are firmly in place, according to a joint...

Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws

Taiwans political crisis has intensified as President Lai Ching-te warned that the islands global credibility and economic competitiveness are at risk, urging parliament to withdraw a series of controversial laws opposed...

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

U.S. President Donald Trump said he is considering an executive order to reclassify marijuana as a less dangerous drug, a move that could significantly reshape federal cannabis policy and the broader marijuana industry. If...

Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia

Israels ambassador to Australia has urged the federal government to strengthen protections for Jewish communities following a deadly mass shooting at a Hanukkah festival near Sydneys Bondi Beach. The attack, which occurred...

European Leaders Launch International Claims Commission to Compensate Ukraine for War Damage

European leaders, including Ukrainian President Volodymyr Zelenskiy, are gathering in The Hague to launch a new International Claims Commission aimed at compensating Ukraine for hundreds of billions of dollars in damage...

Science

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...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates

Apple Inc. (NASDAQ: AAPL) is reportedly in early-stage discussions with Indian semiconductor companies to explore the assembly and packaging of iPhone components in India, marking a potential shift in the companys global...

Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation

Amazon.com Inc is reportedly in discussions to make a major investment in OpenAI, the creator of ChatGPT, in a potential deal that could value the artificial intelligence company at more than $500 billion, according to a...

SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market

SUPERFORTUNE, a web3 AI application incubated by Manta Network, has launched its first mobile application, expanding beyond crypto-native users into the global consumer market. The SUPERFORTUNE mobile app delivers...

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...