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FxWirePro:GBP/NZD drops below 2.0700 level as bearish pressure increases

Jun 03, 2024 16:17 pm UTC| Technicals

GBP/NZD slipped lower on Monday as drop was aided by weak US may ISM manufacturing PMI data. The U.S. Institute for Supply Management (ISM) said its purchasing managers index (PMI) for manufacturing fell to 48.7 in...

FxWirePro:EUR/NZD outlook weaker on renewed downside pressure

Jun 03, 2024 15:39 pm UTC| Technicals

EUR/NZD declined on Monday as the pair attracted sellers after data showed US factory activity slips for a second month in May. The Institute for Supply Managements manufacturing purchasing managers index for May fell...

FxWirePro- Ethereum Daily Outlook

Jun 03, 2024 12:13 pm UTC| Technicals Digital Currency

ETHUSD consolidating after a massive jump of more than $1000. Ithit ahigh of $3950 and is currently trading around $3808. Around six issuers such as Fidelity, Van Eck, Franklin Templeton, Invesco Galaxy, Bitwise, and 21...

FxWirePro- BTCUSD Daily Outlook

Jun 03, 2024 12:02 pm UTC| Technicals Digital Currency

BTCUSDshowed a minor pullback on soft US inflation. It hit ahigh of $69312yesterday andis currently trading around $69050. The decline in US PCE has increased the chance of rate cut by Fed in Sep BTC ETF has seen...

FxWirePro- KASUSD(Chart of the day)

Jun 03, 2024 11:36 am UTC| Technicals Digital Currency

Kaspa is the fastest, open-source, decentralized fully scalable Layer-1 in the world. Kaspa is a proof-of-work cryptocurrency that implements the GHOSTDAG. GHOSTDAG - PHANTOM, is a proof-of-work-based...

FxWirePro- Crude oil Daily Outlook

Jun 03, 2024 10:44 am UTC| Technicals

WTI crude oil trades weak despite OPEC meeting.It hit a low of $76.63 at the time of writing and is currently trading at $78.96. The Organization of the Petroleum Exporting Countries (OPEC) including Russia and Saudi...

FxWirePro: GBP/AUD set for bigger drop, but close below key fibo needed

May 31, 2024 20:56 pm UTC| Technicals

GBP/AUD initially dipped but recovered some ground as investors reacted to the latest inflation reports from both the Eurozone and the US. Inflation in the Eurozones 20 countries increased by 2.6% year-on-year in May,...

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Economy

Canada Opens Gordie Howe Bridge Without U.S. Officials as Trump Tariff Tensions Persist

Canada officially marked the opening of the Gordie Howe International Bridge on Friday with a ceremony that excluded U.S. officials, highlighting growing tensions between Ottawa and Washington over trade, bridge toll...

Trump Says No Decision on Major Iran Strikes as U.S.-Tehran Talks Intensify

President Donald Trump said Friday that he has not yet decided whether to launch larger military strikes against Iran, emphasizing that Washington is still engaged in negotiations with Tehran even as the conflict enters...

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...

Politics

Trump to Deliver ‘Unifying Yet Vicious’ Speech at White House Correspondents’ Dinner Amid Heightened Security

President Donald Trump is set to deliver what the White House describes as a unifying yet vicious address at the White House Correspondents Association (WHCA) dinner on Friday, months after the annual event was postponed...

UN Reappoints Volker Turk as Human Rights Chief Despite U.S., Russia, Israel Opposition

The United Nations General Assembly voted overwhelmingly on Friday to reappoint U.N. High Commissioner for Human Rights Volker Turk for a second four-year term, overcoming opposition from the United States, Russia, and...

Appeals Court Rejects Trump Bid to Reinstate $100,000 H-1B Visa Fee

A federal appeals court has denied the Trump administrations request to temporarily reinstate a $100,000 fee on new H-1B visas, marking another legal setback for the administrations immigration policy targeting highly...

Trump Orders Warning Signs Outside Smithsonian Museum Over ‘Anti-American’ Exhibits

President Donald Trump signed an executive order on Friday directing federal officials to install temporary signs outside the Smithsonians National Museum of American History, escalating his administrations campaign...

Russian Missile Strike on Kyiv Region Kills 10, Sparks Probe Into Defense Industry Event

A Russian ballistic missile strike on Ukraines Kyiv region on Friday killed 10 people and injured nearly 100 after hitting the site of a defense industry event, prompting President Volodymyr Zelenskiy to condemn both the...

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

SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth

Elon Musk has seen one of the steepest declines in paper wealth ever recorded as shares of SpaceX (NASDAQ: SPCX) continue to slide following the companys blockbuster public debut. After raising $75 billion in its June 12,...

Trump Orders Section 301 Probe Into EU Tech Fines, Signals New Tariffs

President Donald Trump announced Friday that the United States will launch a Section 301 investigation into the European Unions penalties against American technology companies, escalating trade tensions after Google was...

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...