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FxWirePro: USD/JPY firms slightly ahead of US jobs data

Jun 04, 2025 05:57 am UTC| Technicals

USD/JPY firmed slightly on Wednesday as market participants positioned themselves ahead of key U.S. employment data, which is expected to offer fresh insights into the strength of the U.S. labor market. Traders are...

FxWirePro: USD/CNY hovers near one- week low, vulnerable to further losses

Jun 04, 2025 05:22 am UTC| Technicals

USD/CNY hovered near one week low on Wednesday as investors awaited developments in U.S.-China trade talks. The White House announced on Monday that U.S. President Donald Trump and Chinese President Xi Jinping are...

FxWirePro: AUD/USD pulls back slightly as Australian GDP misses expectations

Jun 04, 2025 04:56 am UTC| Technicals

AUD/USD pulled back slightly on Wednesday as weaker-than-expected Australian Q1 GDP data that confirmed the economy remains on a sluggish growth path. Australias economy barely grew in Q1 as cautious consumers and...

FxWirePro : GBP/AUD steadies around 2.0940,retails bid tone

Jun 04, 2025 01:03 am UTC| Technicals

GBP/AUD steadied around 2.0940 as investors digested fresh commentary from Bank of England (BoE) officials. Bank of England Governor Andrew Bailey reaffirmed on Tuesday that the central bank will maintain a gradual and...

FxWirePro: EUR/NZD eases slight but bias remain bullish

Jun 03, 2025 22:10 pm UTC| Technicals

EUR/NZD initially rose on Tuesday but later reversed course after data showed Eurozone inflation eased below the European Central Banks 2% target in May. Eurozone consumer inflation eased to 1.9% in May, down from 2.2%...

FxWirePro: EUR/AUD eases as weak Eurozone inflation boosts ECB easing hopes

Jun 03, 2025 21:55 pm UTC| Technicals

EUR/AUD eased on Tuesday as weaker-than-expected Eurozone inflation data reinforced expectations that the European Central Bank (ECB) may continue easing monetary policy. Consumer prices in the bloc slowed to 1.9% in...

FxWirePro: USD/MXN edges higher but outlook still bearish

Jun 03, 2025 17:27 pm UTC| Technicals

USD/MXN edged higher on Tuesday as dollar recovered some ground as investors shrugged off tariff tensions and awaited Fridays key U.S. jobs data. On the data front, U.S. job openings rose in April, but increased...

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Economy

Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks

Wall Street closed sharply lower on Friday, ending a two-week winning streak as investors sold technology shares amid a continued pullback in the artificial intelligence (AI) sector and renewed concerns over inflation...

Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears

Global oil prices posted their strongest weekly gains in months on Friday as the escalating conflict between the United States and Iran heightened concerns over global crude supply and shipping disruptions through the...

Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis

President Donald Trump has threatened to impose higher tariffs on Canada, blaming the country for worsening air pollution across the United States as smoke from hundreds of active Canadian wildfires spreads south of the...

AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software

The explosive rally in AI semiconductor stocks is showing signs of cooling as investors question lofty valuations and whether the massive spending on artificial intelligence infrastructure can continue at its current pace....

Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand

Malaysias economy expanded by 5.8% year-on-year in the second quarter of 2026, outperforming market expectations and highlighting the countrys resilience despite ongoing geopolitical uncertainties. According to advance...

Politics

Iran Expands Gulf Attacks as U.S. Strikes Intensify, Oil Prices Surge

Iran widened its military campaign against U.S. allies in the Gulf on Saturday after the United States carried out a seventh consecutive night of strikes on Iranian military targets, marking another escalation in the...

Brazil Supreme Court Tightens Jair Bolsonaro House Arrest Ahead of Election

Brazils Supreme Court has imposed stricter restrictions on former President Jair Bolsonaro, suspending all non-essential visits to his residence for 30 days as the country moves closer to its October presidential election....

US Expands Iran Strikes as Strait of Hormuz Shipping Drops, Oil Prices Climb

The United States carried out a seventh straight night of military strikes on Iran, extending operations beyond the countrys southern coast and deeper into its interior, while Tehran launched retaliatory attacks on...

DOJ Subpoenas Major Law Firms in Trump Executive Order Dispute

The U.S. Justice Department has issued subpoenas to 14 major law firms seeking records and sworn testimony related to executive orders signed by President Donald Trump that targeted several prominent legal firms or...

Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech

President Donald Trump criticized ABC, NBC and CNN after the three major U.S. news organizations declined to air his prime-time address on their main television platforms, intensifying his long-running dispute with 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

DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO

Chinese artificial intelligence startup DeepSeek is preparing a new fundraising round that could value the company at approximately 500 billion yuan ($74 billion) as it moves closer to a potential initial public offering...

SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave

SpaceX briefly recovered some of its losses on Friday after a Wall Street Journal report said the aerospace company is negotiating a multi-billion-dollar agreement with the Pentagon to provide artificial intelligence...

Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit

Swiss automation and machining systems manufacturer Mikron Group AG reported lower first-half 2026 results as weaker demand in its Automation and Machining businesses offset strong growth in its Tool division. Despite the...

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...