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

Dec 02, 2024 04:49 am UTC| Technicals

AUD/ USD dipped below 0.500 level on Monday as stronger US dollar weighed Australian dollar despite upbeat Australian retail sales data. Dollar bounced back from multi week lows against the basket of currencies in a...

FxWirePro : GBP/AUD bullish outlook with scope to target 1.9600

Nov 29, 2024 23:37 pm UTC| Technicals

GBP/AUD strengthened on Friday as investors focus shifts to BoE rate decision. Sterling has outperformed nearly all other major developed-market currencies this year, with the exception of the U.S. dollar. This...

FxWirePro: EUR/NZD outlook weaker on renewed downside pressure

Nov 29, 2024 23:24 pm UTC| Technicals

EUR/NZD declined on Friday as concerns over slow growth in the euro zone and growing concerns about Ukraine-Russia stress weighed on euro. Political instability in Germany and France, alongside investor expectations...

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

Nov 29, 2024 23:12 pm UTC| Technicals

EUR/AUD eased on Friday as euro weakenedon fears of US tariffs and weak Eurozone growth. Political instability in Germany and France, coupled with expectations of aggressive ECB rate cuts, has caused the Euro to become...

FxWirePro : GBP/NZD fresh wave Of weakness targets 10-day moving average

Nov 29, 2024 22:58 pm UTC| Technicals

GBP/NZD dipped on Thursday as the pair failed find strong direction in quiet trading session due to a U.S. holiday. Latin American assets sold off this month after Trumps election victory this month, while an...

FxWirePro: GBP/ USD consolidating around 1.2705, bias is bullish

Nov 29, 2024 16:27 pm UTC| Technicals

GBP/USD strengthened on Friday as US dollar fell due to quiet trading due to a U.S. holiday. This month, global financial markets were rattled by fears of trade tariffs proposed by U.S. President-elect Donald Trump and...

FxWirePro: USD/CAD dips below lower range, bearish bias increases

Nov 29, 2024 16:15 pm UTC| Technicals

USD/CAD edged lower on Friday as investors assessed Canadian gross domestic product data that reinforced expectations of the Bank of Canada implementing an interest-rate cut next month. Canadas economy grew as...

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Economy

China Signals Subtle Treasury Pullback: Banks Urged to Ease US Debt Exposure

Dual signals for dollar and crypto: Saylor loads up BTC while China gently pulls off treasuries. Strategy (formerly MicroStrategy) under Michael Saylor bought 1,142 BTC for around $90 million at an average price of...

China Signals Quiet Treasury Trim: Banks Told to Ease Up on US Debt

Citing concentration concerns and increased volatility in the US debt market, Chinese regulators quietly urged major commercial banks on February 9, 2026, to cut fresh purchases of US Treasuries and slowly lower current...

The “Takaichi Trade”: How Japan’s First Female PM Is Shaping the Yen

Having assumed office late in 2025 after Shigeru Ishiba quit, Sanae Takaichi has concentrated power with a landslide Liberal Democratic Party victory and a supermajority in the snap election set for February 2026. Having...

How the US–India tariff truce boosts major Indian industries, Surat to Pharma

With zero-duty treatment for flagship products including gems and diamonds, generic drugs, and certain aircraft parts, the new USIndia interim trade agreement reduces US tariffs on Indian products from roughly 25% (close...

Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens

A major Australian pension fund is ramping up its currency hedging strategy as expectations grow that the Australian dollar is undervalued and poised to strengthen further. HESTA, one of Australias largest superannuation...

Politics

China Overturns Death Sentence of Canadian Robert Schellenberg, Signaling Thaw in Canada-China Relations

Chinas top court has overturned the death sentence of Canadian national Robert Schellenberg, a major development in a long-running drug smuggling case that has strained diplomatic relations between Canada and China for...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Trump Slams Super Bowl Halftime Show Featuring Bad Bunny

U.S. President Donald Trump sparked fresh controversy after criticizing the Super Bowl halftime show fronted by global music star Bad Bunny, calling the performance absolutely terrible in a social media post shared on...

Bangladesh Election 2026: A Turning Point After Years of Political Suppression

Bangladesh is heading into what many describe as its most competitive national election in more than a decade, marking a dramatic reversal of political fortunes after years of one-party dominance. For 15 years under former...

Ghislaine Maxwell to Invoke Fifth Amendment at House Oversight Committee Deposition

Ghislaine Maxwell, a longtime associate of the late financier Jeffrey Epstein, plans to refuse to answer questions during a scheduled deposition before the U.S. House Committee on Oversight and Government Reform on Monday,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

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...

Technology

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

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...