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FxWirePro: RBA announces a 50 bps rate hike, AUD/USD slumps below 0.70 handle

Aug 02, 2022 04:59 am UTC| Technicals

Chart - Courtesy Trading View AUD/USD was trading 0.44% lower on the day at 0.6988 at around 04:45 GMT. The Australian dollar was sold off across the board after the Reserve Bank of Australia (RBA) rate hike...

FxWirePro- Gold Daily Outlook

Aug 02, 2022 04:11 am UTC| Technicals

Ichimoku Analysis (4-hour chart) Tenken-Sen- $1766.35 Kijun-Sen- $1746.05 The gold price gained more than $15 after the US ISM manufacturing PMI report. It came at 52.8% in July, the lowest reading...

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

Aug 01, 2022 22:00 pm UTC| Technicals

EUR/AUD dipped on Monday as Australian dollar strengthened against euro ahead of RBAs interest rate decision. The Reserve Bank of Australia (RBA) is widely expected to lift its cash rate by 50 basis points to 1.85% on...

FxWirePro:GBP/NZD steadies above 1.8000, retains bid tone

Aug 01, 2022 21:44 pm UTC| Technicals

GBP/ NZD initially dipped on Monday but recovered most of the ground as investors looked ahead to BOEs next move on interest rate. The Bank of England is expected to lift borrowing costs by a bigger 50 basis points...

FxWirePro: GBP/AUD uptrend gains momentum, as positive sentiment builds

Aug 01, 2022 17:24 pm UTC| Technicals

GBP /AUD strengthened on Monday as sterling was supported by scope for BoEs first 50 bps rate hike this week. Investors have shifted to pricing in an 80% chance of a 50 basis point (bps) hike from the BoE, which will...

FxWirePro: Daily Commodity Tracker - 1st August, 2022

Aug 01, 2022 12:39 pm UTC| Technicals

Daily Commodity...

FxWirePro: EUR/GBP pauses downside at trendline support, break below will drag the pair lower

Aug 01, 2022 12:30 pm UTC| Technicals

Chart - Courtesy Trading View EUR/GBP was trading 0.22% lower on the day at 0.8369 at around 12:00 GMT, outlook remains bearish. Weaker than expected German Retail sales data dent the single currency, dragging the...

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Economy

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election

Asian stock markets mostly declined on Friday, tracking sustained losses in global technology shares and a weak lead from Wall Street, while Japanese equities managed to stabilize ahead of a closely watched national...

Politics

Trump Signs “America First Arms Transfer Strategy” to Prioritize U.S. Weapons Sales

U.S. President Donald Trump has signed a new executive order reshaping how the United States prioritizes foreign military sales, marking a major shift in long-standing U.S. arms export policy. The order establishes the...

TrumpRx.gov Highlights GLP-1 Drug Discounts but Offers Limited Savings for Most Americans

President Donald Trump has launched a new prescription drug pricing website, TrumpRx.gov, aiming to showcase his administrations efforts to reduce drug costs in the United States. The website focuses heavily on negotiated...

U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms

The United States will make an initial payment toward the billions of dollars it owes the United Nations within weeks, according to comments made by U.S. Ambassador Mike Waltz in a recent interview with Reuters. The move...

Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

Norways economic crime police unit, Økokrim, has opened an investigation into former prime minister and former Norwegian Nobel Committee chairman Thorbjoern Jagland on suspicion of aggravated corruption, authorities...

Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

Iran and the United States are preparing for high-stakes nuclear negotiations in Oman on Friday, but deep disagreements over the agenda and escalating regional tensions suggest that meaningful progress will be difficult....

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

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...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....