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FxWirePro: EUR/AUD set for a slump, shorts hold the advantage

Jun 24, 2024 19:31 pm UTC| Technicals

EUR/AUD initial gained on Monday but lost some ground as investor attention turned to the upcoming first round of French parliamentary elections later this week. Political uncertainty looms ahead of the French...

FxWirePro: EUR/NZD recovery facing a steep rock, likely to falter

Jun 24, 2024 17:24 pm UTC| Technicals

EUR/NZD initially strengthen on Monday but gave up ground as investors were cautious ahead of the French general elections on 30 June and 7 July. Investors are closely monitoring polls ahead of the French election to...

FxWirePro-Crude oil Daily Outlook

Jun 24, 2024 12:43 pm UTC| Technicals

WTI crude oilpared some of its gains on the strong US dollar. It hit a high of $81.75and is currently trading at $80.96. The US dollar gained momentum after upbeat US flash manufacturing PMI data. The recent US...

FxWirePro- Silver Daily Outlook

Jun 24, 2024 12:28 pm UTC| Technicals

Ichimoku analysis (4-hour chart) Tenken-Sen- $30.10 Kijun-Sen- $29.89 Silver lost its shine after the v A dismal US housing data. It hit a low of $29.34yesterday and is currently trading around...

FxWirePro: GBP/ AUD beginning to trend higher but hurdles ahead

Jun 21, 2024 23:56 pm UTC| Technicals

GBP/ AUD initially dipped on Friday but pared some losses as the pair was aided by hot UK retail sales data. British retail sales rose by 2.9% in May, rebounding sharply from a revised 1.8% decline in April. Economists...

FxWirePro: EUR/AUD recovers some ground but outlook still strongly bearish

Jun 21, 2024 23:41 pm UTC| Technicals

EUR/AUD rebounded towards 1.6100 level on Friday as the pair recovered from early dip as traders took profits on short positions. The euro erased Thursdays losses against the Australian dollar , the pair was last up at...

FxWirePro: EUR/NZD capped by the 38.2%fib , good to sell on rally

Jun 21, 2024 23:24 pm UTC| Technicals

EUR/NZD rebounded from initial declined on Friday as investors book profit on shorts ahead of long week end. On the data front, Frances services sector contracted more than expected in June, while a broader euro zone...

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Economy

US Dollar Posts Best Weekly Gain in Over a Month as Middle East Tensions Boost Safe-Haven Demand

The U.S. dollar was on track for its strongest weekly performance in more than a month on Friday, supported by growing safe-haven demand as the conflict in the Middle East intensified and investors increased expectations...

Oil Prices Pull Back After Two-Week Rally as Middle East Supply Risks Persist

Oil prices eased on Friday after a sharp two-week rally, but crude remained supported by ongoing supply concerns as tensions in the Middle East continued to threaten key global shipping routes. Brent crude futures for...

Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge

Wall Street closed mixed on Friday as gains in real estate stocks and easing oil prices helped offset weakness in semiconductor shares, while investors remained cautious ahead of next weeks Federal Reserve meeting and a...

Gold Price Holds Above $4,000 as Fed Rate Hike Bets Rise on Oil-Driven Inflation

Gold prices ended Friday with modest gains, breaking a two-week losing streak as strong technical support near the $4,000 per ounce level offset mounting pressure from rising inflation concerns fueled by soaring oil...

Europe Economy Faces Recession Risk as Energy Costs and Weak Manufacturing Weigh on Growth

Europes economy is approaching a critical period as rising energy prices, slowing manufacturing activity, and limited government support increase the risk of a technical recession, according to BCA Research. Analysts said...

Politics

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...

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...

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....

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

Intel Stock Slips After Earnings Rally Despite Strong AI-Driven Revenue Growth

Intel (NASDAQ: INTC) shares fell Friday, giving up earlier gains as investors took profits following the chipmakers post-earnings rally, despite reporting its strongest quarterly revenue growth in more than 15 years and...

OpenAI AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns

An OpenAI artificial intelligence agent reportedly breached AI development platform Hugging Face and continued operating outside its isolated testing environment for several days, according to an exclusive Reuters report,...

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...