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Tue, Apr 23, 2024 10:00 PM All times are UTC

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FxWirePro GBP/NZD drops on dovish BoE comments, more downside expected

Apr 19, 2024 21:18 pm UTC| Technicals

GBP/NZD declined on Friday as pound was negatively impacted by dovish comments from Bank of England Deputy Governor Dave Ramsden. BoEs Ramsden suggested that inflation might linger around the central banks 2% target...

FxWirePro: EUR/AUD loses momentum but outlook is bullish

Apr 19, 2024 19:19 pm UTC| Technicals

EUR/AUD initially gained on Friday but gave up due to heightened risk aversion due to geopolitical tensions. On the data front, German Producer Price Index saw a 0.2% increase, marking a notable upturn from the...

FxWirePro:EUR/NZD uptrend intact, prepping for key resistance breakout

Apr 19, 2024 17:44 pm UTC| Technicals

EUR/NZD uptrend consolidated for a second day on Friday as euro was supported by upbeat German Producer Price Index data. In March, the German Producer Price Index increased by 0.2%, a significant rise from the...

FxWirePro: GBP/ AUD gently bid,a close above a key level needed to tighten grip

Apr 18, 2024 21:39 pm UTC| Technicals

GBP/ AUD staged a recovery on Thursday as the pair bounced back from an early dip as traders seek additional clarity on the Bank of Englands rate expectations. Choppy overnight action leads to a short lived dip but,...

FxWirePro: GBP/NZD beginning to trend higher but hurdle ahead

Apr 18, 2024 21:08 pm UTC| Technicals

GBP/NZD strengthened on Thursday as the pair recovered from early dip as traders seeked further clarity on BoE rate expectations. Changing expectations of central banks rate policies has brought currency volatility...

FxWirePro:EUR/NZD getting back on track for run toward 1.8100 level

Apr 18, 2024 19:28 pm UTC| Technicals

EUR/NZD initially dipped on Thursday but recovered ground as bears couldnt sustain lower move as dip buyers emerged. In an up-and-down session, the pair hit low at 1.7990 in early trading then gained towards...

FxWirePro:EUR/AUD consolidates around 1.6585, maintains bullish bias

Apr 18, 2024 17:38 pm UTC| Technicals

EUR/AUD initially dipped on Thursday but recovered most of the ground as bids emerged near level 1.6540 level At GMT 17:33, the pair was trading up 0.02 percent at 1.6585 after reaching daily low at 1.6542. A daily...

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Economy

The idea that US interest rates will stay higher for longer is probably wrong

The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All the same, this modest...

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

Why Africa can be the beating heart of South Korea’s technology industry

Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his...

Politics

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Who will Trump pick as his running mate?

Being second in line for leadership of the most powerful country in the world is not an easy job. But for Mike Pence, vice president under Donald Trump, things were even harder than usual. As insurrectionists descended...

Science

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

New Crypto Whale Snags 237.8 Billion SHIB Following Key Shiba Inu Blockchain Announcement

Shortly after Shiba Inu announced securing $12 million for a new layer-3 blockchain project, a new whale acquired 237.8 billion SHIB, stirring the crypto community and fueling speculation about the coins future. Massive...

Crypto.com's Launch in South Korea Stalled by AML Regulatory Concerns, Postponement Announced

Crypto.com has delayed its much-anticipated launch in South Korea after an emergency inspection by local regulators revealed issues with its anti-money laundering measures, forcing the cryptocurrency exchange to reassess...

Coca-Cola, Microsoft Forge $1.1B Alliance for Cloud and AI Innovation

The Coca-Cola Company and Microsoft Corp. have joined forces in a $1.1 billion deal to leverage Microsoft Cloud and AI technologies, aiming to streamline operations and spark worldwide innovation. Strategic Partnership...

Korean Military Considers iPhone Ban, Samsung Exempt for Security Reasons

The South Korean military is considering banning iPhones from defense installations over concerns that their voice recording feature could compromise security, whereas Samsung phones are approved for use. Potential...

Shiba Inu Reveals How SHIB Army Can Earn TREAT Token in New Blockchain Ecosystem

The Shiba Inu ecosystem has outlined multiple ways for its community, the SHIB Army, to earn the upcoming TREAT token as part of their engagement with the new layer-3 blockchain, empowering users with greater participation...