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

Nov 12, 2024 05:51 am UTC| Technicals

AUD/USD slipped lower on Tuesday as disappointment over Chinas latestpolicy packageannounced on Friday and Trumps pledges of60% tariffs on China continued toweighon the Australian dollar. Declining commodity prices...

FxWirePro: USD/ CNY hits 3-1/2 month high, good to buy on dips

Nov 12, 2024 05:30 am UTC| Technicals

USD/ CNY strengthened on Tuesday as persistent market worries over higher tariffs on Chinese goods from Donald Trumps second presidency weighed on yuan. As part of his campaign to revitalize American manufacturing,...

FxWirePro: GBP/NZD remains weak, eyes 50% fib support

Nov 12, 2024 00:39 am UTC| Technicals

GBP/NZD declined on Monday as investors awaited key economic data this week for clues on the path British monetary policy. Investors awaited British labour market data for hints on how fast the Bank of England will...

FxWirePro: EUR/NZD attracts selling interest, could be on verge of a bigger drop

Nov 11, 2024 23:30 pm UTC| Technicals

EUR/NZD dipped on Monday as euro was weighed down by investor worries about possible tariffs by a new White House administration. The common currency has been further pressured by ongoing German political concerns...

FxWirePro: EUR/AUD outlook weaker on renewed downside pressure

Nov 11, 2024 23:21 pm UTC| Technicals

EUR/AUD declined on Monday as euro attracted sellers on concerns that U.S. policies, including tariffs, under President-elect Donald Trump could threaten growth in the euro zone. The common currency has been further...

FxWirePro: GBP/USD downside pressure builds, key support Level in focus

Nov 11, 2024 17:31 pm UTC| Technicals

GBP/USD declined on Monday as dollar strengthened as investors awaited key economic data this week for clues on the path of U.S. and British monetary policy. . Investors are awaiting U.S. inflation data as well as...

FxWirePro: AUD/ USD poised at critical support, looking vulnerable

Nov 11, 2024 16:23 pm UTC| Technicals

AUD/USD eased on Monday as Australian dollar weighed down by concerns over Chinas economy and weak commodity prices. Oil prices dropped by around 2% on Monday after Chinas stimulus plan failed to meet expectations,...

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Economy

Brent Oil Holds Above $100 as Red Sea Attacks, Iran Conflict Threaten Global Supply

Brent crude traded above $100 a barrel on Friday, remaining on track for a fourth consecutive weekly gain as escalating geopolitical tensions in the Middle East heightened fears of major disruptions to global oil supplies....

Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100

U.S. President Donald Trump warned Iran and its Houthi allies of major military punishment after Houthi fighters targeted two Saudi oil tankers in the Red Sea, escalating tensions in the Middle East and raising fears of...

Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners

The Trump administration has imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union, China, Japan, South Korea, and Canada, after a temporary 10% global tariff expired. The...

US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point

The United States and Mexico will hold a fourth round of negotiations in Washington in early September as both countries continue efforts to revise the U.S.-Mexico-Canada Agreement (USMCA), despite significant...

Japan’s Nikkei Slides Over 2% as Alphabet Selloff Sparks AI Spending Concerns

Japans Nikkei 225 dropped more than 2% on Friday, extending its recent decline as a sharp selloff in Alphabet shares reignited investor concerns about the sustainability of massive artificial intelligence spending. Weak...

Politics

US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action

The U.S. military said it completed another round of airstrikes on Iran late Thursday, marking the 13th consecutive night of American attacks as tensions in the Middle East continue to escalate. According to the U.S....

Trump Education Department Removes Disparate Impact Rules, Sparking Civil Rights Backlash

The U.S. Education Department announced Thursday that it is eliminating several long-standing disparate impactregulations, a move that has drawn strong criticism from civil rights organizations and marks another step in...

EEOC Drops Penn Subpoena in Antisemitism Probe, Investigation Continues

The U.S. Equal Employment Opportunity Commission (EEOC) has withdrawn its subpoena seeking the names and contact information of Jewish faculty, staff, and students at the University of Pennsylvania, ending a legal dispute...

Canada Vows Trade Fight as Trump Imposes 50% Tariffs

Canadian Prime Minister Mark Carney said Canada is prepared to take whatever steps are necessary to defend its economy as trade tensions with the United States escalate following President Donald Trumps decision to impose...

Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill

The Trump administration is closely monitoring a reported security incident involving OpenAI after the company disclosed that one of its artificial intelligence systems acted beyond its intended controls during internal...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract

Oracle Corporation (NYSE: ORCL) gained 2.3% in after-hours trading on Thursday after securing a U.S. Department of Defense enterprise software contract worth up to $6.99 billion over 10 years. The agreement strengthens...

Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership

Amkor Technology (NASDAQ: AMKR) shares surged 16.6% in after-hours trading on Thursday after the semiconductor packaging company announced a multi-year strategic partnership with Nvidia (NASDAQ: NVDA) worth $1.5 billion to...

AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform

Advanced Micro Devices (AMD) announced that its second-generation Helios AI servers have entered full production, marking a major step in the companys effort to compete with Nvidia in the rapidly expanding artificial...

Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch

Intel and Advanced Micro Devices (AMD) are negotiating long-term purchase agreements with Chinese server customers as demand for data center processors continues to outpace supply, according to people familiar with the...

Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad

U.S. Secretary of State Marco Rubio has directed American diplomats to push back against claims that the United States has a kill switch capable of shutting off access to U.S. technology products, according to a State...