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FxWirePro: USD/ CNY rebounds from one -month low, outlook bullish

Jan 22, 2025 06:28 am UTC| Technicals

USD/CNY recovered from a one-month low on Wednesday as the dollar gained some traction following President Donald Trumps hint at potential new tariffs on Chinese imports. Trump said on Tuesday that his administration...

FxWirePro: NZD/USD slips as Trump's focus shifts to China tariffs

Jan 22, 2025 06:07 am UTC| Technicals

NZD/USD eased on Wednesday after U.S. President Donald Trump on Tuesday vowed to hit 10% punitive duty on Chinese imports. The NZD/USD dropped from a high of 0.5682 to 0.5653 as the renewed tariff threats amplify market...

FxWirePro: AUD/USD momentum strongly bearish despite pause in losses

Jan 22, 2025 05:41 am UTC| Technicals

The AUD/USD steadied around 0.6260 on Tuesday as Trump renews tariff threats against China and the EU. Trump pledged to impose tariffs on the European Union and announced that his administration was considering a 10%...

FxWirePro: EUR/AUD stuck in range but maintains bullish bias

Jan 21, 2025 22:39 pm UTC| Technicals

EUR/AUD initially rose but lost momentum as investors evaluated Trumps first actions as U.S. president. Trump didnt provide concrete plans for universal tariffs but mentioned imposing duties on Canadian and Mexican...

FxWirePro: EUR/NZD changes short term trend from bullish to neutral

Jan 21, 2025 22:19 pm UTC| Technicals

EUR/NZD initially gained but gave up ground uptick was tempered by lingering uncertainties over U.S. President Donald Trumps proposed tariff measures following his inauguration. Markets worldwide reacted with...

FxWirePro:GBP/NZD neutral in the near-term, scope for downward resumption

Jan 21, 2025 22:09 pm UTC| Technicals

GBP/NZD traded in tight range on Tuesday as markets grappled with uncertainty surrounding any tariffs President Donald Trump may implement. The newly elected president has not provided any specific details about the...

FxWirePro- Major US Indices

Jan 21, 2025 18:46 pm UTC| Technicals

SP 500- 6046.90 (0.36%) Major resistance- 6187 Near-term resistance - 6050/6100 Minor support- 5975/5900/5848/5800/5779/5727. Trend reversal level- 5480 The pair holds below short-term (34,...

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Economy

RBA Signals Further Interest Rate Hikes if Inflation Persists, Says Governor Michele Bullock

Reserve Bank of Australia (RBA) Governor Michele Bullock has warned that additional interest rate hikes remain possible if inflation in Australia becomes entrenched, underscoring the central banks firm commitment to...

U.S. Stock Futures Steady as Strong Jobs Data Clouds Fed Rate Cut Outlook

U.S. stock futures were little changed Wednesday evening following a muted session on Wall Street, as investors weighed a stronger-than-expected jobs report that dampened expectations for near-term Federal Reserve rate...

Japan Warns on Yen Volatility as Currency Surges Against Dollar

Japans top currency diplomat, Atsushi Mimura, reaffirmed Tokyos vigilance over foreign exchange markets, warning that authorities remain on high alert despite the recent surge in the yen against the U.S. dollar. Speaking...

House Votes to End Trump’s Canada Tariff Emergency, Senate Showdown Looms

The U.S. House of Representatives voted Wednesday evening to terminate the national emergency declared by President Donald Trump to impose tariffs on Canada, marking a significant development in the ongoing debate over...

Nikkei 225 Surges Past 58,000 as Japan Stocks Rally on Takaichi Stimulus Boost

Japans Nikkei 225 share average surged beyond the 58,000 level for the first time, extending a powerful stock market rally fueled by expectations of aggressive economic stimulus under Prime Minister Sanae Takaichi. The...

Politics

Pentagon Seeks Broader Access to AI Tools on Classified Military Networks

The Pentagon is accelerating efforts to deploy advanced artificial intelligence tools across both unclassified and classified military networks, signaling a major shift in how the U.S. Department of Defense plans to...

Trump to Host Governors at White House Amid Dispute Over Democratic Invitations

President Donald Trump plans to host a bipartisan group of U.S. governors at the White House on February 20, according to National Governors Association (NGA) Chairman Kevin Stitt. The annual NGA meeting in Washington...

U.S. Offers Payments to Afghans in Qatar as Camp As Sayliyah Closure Nears

The U.S. State Department has begun offering financial incentives to Afghans stranded in Qatar to encourage voluntary repatriation, as officials move to shut down Camp As Sayliyah (CAS) by the end of March. The facility, a...

Angus Taylor Challenges Sussan Ley as Liberal Party Leadership Tensions Escalate

Australias opposition leader Sussan Ley is facing mounting pressure within the Liberal Party after senior frontbencher Angus Taylor resigned from his role as shadow defence minister, signaling a potential leadership...

Mexico Senate Approves 40-Hour Workweek Reform, Bill Advances to Lower House

Mexicos Senate has approved a landmark labor reform that would reduce the countrys legal workweek from 48 hours to 40 hours, marking a significant shift in national labor policy. The proposal, backed by President...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

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...

Technology

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...

ByteDance Advances AI Chip Development With Samsung Manufacturing Talks

Chinas ByteDance is accelerating its push into artificial intelligence hardware, reportedly developing its own AI chip while holding discussions with Samsung Electronics for manufacturing support. The TikTok parent company...

SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms

Shares of Semiconductor Manufacturing International Corp (HK:0981), Chinas largest contract chipmaker, declined 3.6% to HK$68.95 in Hong Kong trading on Wednesday, underperforming the Hang Seng Index, which edged up 0.4%....

Russia Signals Further Restrictions on Telegram Amid Ongoing Regulatory Disputes

Russia is set to impose additional restrictions on Telegram, one of the countrys most widely used messaging platforms, after authorities said the app failed to address earlier violations of Russian law. The announcement...

Cloudflare Forecasts Strong Revenue Growth as AI Fuels Cloud Services Demand

Cloudflare has projected annual and first-quarter revenue above Wall Street expectations, signaling strong confidence in the growing demand for cloud services driven by rapid advancements in artificial intelligence. The...