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FxWirePro: Quick Run Through On ECB And RBA Previews And EUR/AUD Hedging Perspectives

Apr 30, 2020 09:18 am UTC| Research & Analysis Central Banks Insights & Views

Today, euro-focused views are visible in the markets as the series of data announcements are lined-up, with the highlight being the ECB policy announcement at 12:45BST and press conference starting at 13:30BST. During the...

FxWirePro: NZD/USD drops from 7-week highs, antipodeans dented by weak China PMI data

Apr 30, 2020 08:47 am UTC| Technicals Research & Analysis

NZD/USD chart - Trading View NZD/USD was trading 0.23% lower on the day at 0.6118 at around 09:40 GMT. The pair is likely consolidating previous sessions gains, bias higher as long as pair holds above daily...

Regulatory Series On Cryptocurrencies: Eurozone Banking Community’s Inclination For CBDC And Blockchain Amid Pandemic Crisis

Apr 30, 2020 07:49 am UTC| Research & Analysis Digital Currency Insights & Views

Having the total number of confirmed cases and reported casualties exceed due to the deadly contagious Covid-19, many major markets halted with a trauma for 3-4 months, the total number of confirmed cases has exceeded...

FxWirePro: EUR/CHF hovers around stiff resistance at 1.06 mark, outlook bullish

Apr 30, 2020 07:22 am UTC| Technicals Research & Analysis

EUR/CHF chart - Trading View EUR/CHF was trading 0.08% higher on the day at 1.0595 at around 07:10 GMT, after closing 0.40% higher in the previous session. Price action is struggling to break past 1.06 mark which is...

Cryptocurrency Derivatives Series: FxWirePro’s BTC Long Hedges In Play When Bitcoin Skyrockets To $9k Territory

Apr 30, 2020 05:52 am UTC| Research & Analysis Digital Currency Technicals Insights & Views

Bitcoin price has continued its bullish streaks as expected in our previous post, the renewed strength by edging higher above $9.3k levels. The pairBTCUSD,has surged more than 20.50% in this week so far and staged for...

FxWirePro: USD/JPY erases early gains slips below daily cloud, 'Death Cross' to plummet prices

Apr 30, 2020 04:49 am UTC| Technicals Research & Analysis

USD/JPY chart - Trading View USD/JPY has erased early gains and has retraced below daily cloud, reinforcing bearish bias. The pair was trading 0.05% lower at 106.54 at around 04:30 GMT, edging lower from session...

FxWirePro: AUD/JPY edges higher from session lows at 69.73, on track to test 110-EMA at 70.55

Apr 30, 2020 04:22 am UTC| Technicals Research & Analysis

AUD/JPY chart - Trading View AUD/JPY has resumed upside after a brief pause, scope for further gains, 110-EMA at 70.55 in sight. Japans Retail Trade and Industrial Production data that came in slightly better than...

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Economy

India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth

Indias dominant services sector showed a strong rebound in January after slipping to an 11-month low in December, supported by a rise in new business activity, according to the latest HSBC India Services Purchasing...

Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election

Most Asian currencies traded within a narrow range on Wednesday as the U.S. dollar steadied following a strong rebound over the past week, while the Japanese yen underperformed amid growing political uncertainty ahead of a...

Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows

Australias corporate regulator has warned the countrys rapidly expanding pension fund industry that it must significantly increase investment in systems, technology, and governance to safeguard its future and avoid...

Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding

New York and New Jersey have filed an emergency lawsuit against the Trump administration, seeking to restore federal funding for the $16 billion Hudson River tunnel project, a critical piece of U.S. transportation...

Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound

Asian stocks traded on shaky ground on Wednesday as global markets digested sharp losses in U.S. and European equities, driven by growing fears that rapid advances in artificial intelligence could disrupt traditional...

Politics

Illinois Joins WHO Global Outbreak Network After U.S. Exit, Following California’s Lead

Illinois will join the World Health Organizations Global Outbreak Alert and Response Network (GOARN), marking a significant public health move following the United States official withdrawal from the WHO last month....

U.S.-Iran Nuclear Talks Expected in Oman Following Venue Change Request

Nuclear negotiations between the United States and Iran are expected to take place in Oman on Friday, according to a report by Axios journalist Barak Ravid, who cited an Arab source familiar with the matter. The upcoming...

Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade

President Donald Trump has signed legislation extending the African Growth and Opportunity Act (AGOA), a key U.S.-Africa trade program, through December 31, 2026. The extension is retroactive from September 30, 2025,...

Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile

An Australian scandium mining project backed by billionaire mining executive Richard Friedland is expected to play a role in the United States newly announced $12 billion critical minerals stockpile, according to comments...

Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure

Federal Reserve Governor Stephen Miran has formally resigned from his role as chair of the White House Council of Economic Advisers (CEA), fulfilling a commitment he made to the U.S. Senate as his tenure at the Federal...

Science

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...

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...

Technology

Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links

Shares of Tencent Holdings (HK:0700) fell sharply on Wednesday after its popular messaging platform WeChat blocked certain promotional links related to YuanBao, the companys artificial intelligence chatbot. The move...

Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies

Nvidia is reportedly nearing a major investment deal with OpenAI, signaling a significant development in the global artificial intelligence landscape. According to sources cited by Reuters, the chipmaking giant is in...

Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate

Artificial intelligence startup Anthropic is reportedly preparing a major secondary share sale that would allow some employees to sell shares at a valuation of at least $350 billion, according to a recent Bloomberg report....

AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock

Advanced Micro Devices (AMD) delivered a solid quarterly earnings beat, topping Wall Street expectations on both revenue and profit, yet its stock slipped in extended trading after the company projected a sequential...

Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns

Nintendo shares fell sharply on Wednesday after the Japanese gaming giant reported weaker-than-expected fiscal third-quarter results, intensifying investor concerns over profitability and margins tied to its highly...
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