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FxWirePro: GBPAUD longs gains traction after mixed US jobs report

Sep 06, 2024 22:48 pm UTC| Technicals

GBP/AUD surged on Friday following the US payrolls data as the market evaluated the potential size of the Feds rate cut. Next week focus will be on UK employment, U.S. CPI data and central bank appearances from the Fed...

FxWirePro: EUR/AUD bulls take advantage of mixed US jobs data

Sep 06, 2024 21:01 pm UTC| Technicals

EUR/AUD initially dipped on Friday but rebounded strongly as investors digested US jobs data. Nonfarm payrolls increased by 142,000 jobs last month after a downwardly revised 89,000 rise in July, the Labor Departments...

FxWirePro: USD/ZAR rebounds strongly after US jobs data, eyes 18.000 level

Sep 06, 2024 19:35 pm UTC| Technicals

USD/ZAR rose on Friday as greenback strengthened after mixed U.S. jobs report left uncertainty about the extent of the anticipated rate cut in September. Federal Reserve Bank of New York President John Williams stated...

FxWirePro: NZD/USD attracts selling interest, vulnerable to more downside

Sep 06, 2024 19:15 pm UTC| Technicals

NZD/USD dipped on Friday as greenback strengthened as August US payrolls data delivered mixed results . Non-farm payrolls rose by 142,000 in August, short ofthe 160,000 growth economists polled by had expected while...

FxWirePro: GBP/USD falls amid growing doubts over 50 basis point Fed rate cut

Sep 06, 2024 17:34 pm UTC| Technicals

GBP/USD slipped lower on Friday as drop was influenced by Fed expectations taking a less dovish turn. Non-farm payrolls increased by 142,000 in August, falling short of the 160,000 growth anticipated by economists. ...

FxWirePro: USD/CAD rebounds strongly, critical resistance lies ahead

Sep 06, 2024 15:48 pm UTC| Technicals

USD/CAD rebounded strongly on Friday as investors assessed the latest U.S. and Canadian jobs data. U.S. nonfarm payrolls increased less than expected in August, while the unemployment rate slipped to 4.2% . The...

FxWirePro: EUR/USD loses momentum but outlook is bullish

Sep 06, 2024 15:08 pm UTC| Technicals

EUR/USD initially dipped but later regained ground on Friday after data showed U.S. jobs data slightly missed expectations. A Labor Department report revealed that non-farm payrolls increased by 142,000 in August,...

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Economy

Global Leaders Push Back as Trump Imposes New Forced Labor Tariffs

Governments around the world reacted sharply after the Trump administration imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union and China, citing concerns over inadequate...

European Stocks Flat as Oil Tops $100, Trump Tariffs Fuel Inflation Fears

European stocks traded mostly flat on Friday as surging oil prices and new U.S. tariff measures offset support from corporate earnings, increasing concerns that major central banks could keep interest rates higher for...

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...

Politics

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...

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...

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

SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.

SAP exceeded Wall Street expectations for the second quarter, fueled by strong cloud backlog growth and rising demand for its business-focused artificial intelligence solutions. The German software company also slightly...

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...

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...