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FxWirePro: Glimpse at the US Treasury and bullion market updates and trades amid US-China trade tensions

May 10, 2019 07:53 am UTC| Research & Analysis Insights & Views Central Banks

They broke the deal, and they will be paying, President Trump said at a campaign rally during Asian morning hours, which has dampened risk sentiment on markets. While he also added that things will work out, it...

FxWirePro: The Day Ahead- 10th May 2019

May 10, 2019 04:34 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Upcoming: Germany: March trade balance report due at 6:00 GMT. France: March industrial output and...

Norges Bank keeps interest rate on hold, likely to hike in June

May 09, 2019 12:57 pm UTC| Commentary Central Banks

The Norwegian central bank, Norges Bank, kept the interest rates on hold today, as was expected and in line with the March rate path. Furthermore, the central bank stated that the current assessment of the outlook and...

BSP likely to cut policy rate by 50bps this year, given lacklustre growth and soft inflation: DBS Group Research

May 09, 2019 08:42 am UTC| Commentary Central Banks Economy

Bangko Sentral ng Pilipinas is expected to cut policy rate by 50bps this year, given lacklustre growth and soft inflation, according to the latest report from DBS Group Research. Philippines growth fell short to 5.6...

FxWirePro: BCB on focus among LatAm FX – Spot on BRL calls

May 08, 2019 14:22 pm UTC| Research & Analysis Central Banks

The Brazilian central bank should again leave its key interest rate unchanged today. Inflation climbed to 4.6% in March. The increase is likely to have continued in April. In our opinion, this speaks against a rate cut...

FxWirePro: BoC and USMCA continue to drive loony - Optionality for encouraging USD/CAD longs

May 08, 2019 13:25 pm UTC| Research & Analysis Central Banks

The USDCAD longs are adjusted, stopped higher on account of the range-break higher following the BoCs abandonment of its hiking bias. The new stop could not withstand the torrid drop in US short-end rates that ensued in...

Bank of Thailand stands pat, likely to stay on hold throughout 2019

May 08, 2019 12:04 pm UTC| Commentary Central Banks

The Bank of Thailand kept the policy rate on hold at 1.75 percent today, as expected, in a unanimous decision. Since the 25 basis point hike last December, this is the third straight meeting where the policy rate is kept...

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Economy

Oil Prices Surge Above $109 as Strait of Hormuz Crisis and U.S.-Iran Tensions Escalate

Global oil prices soared Friday, posting strong weekly gains as tensions between the United States and Iran continued to intensify and the Strait of Hormuz remained effectively closed, fueling fears of a prolonged global...

Gold Prices Post Worst Weekly Drop Since March as Strong Dollar and Fed Rate Hike Bets Pressure Metals

Gold prices tumbled sharply on Friday, recording their biggest weekly decline since mid-March as a stronger U.S. dollar and growing expectations of Federal Reserve rate hikes weighed heavily on the precious metals market....

Powell Named Fed Chair Pro Tempore as Trump Prepares to Install Kevin Warsh

The Federal Reserve Board announced Friday that Jerome Powell will serve as chair pro tempore until Kevin Warsh is officially sworn in as the next leader of the U.S. central bank. The move comes as President Donald Trump...

Dollar Surges as Fed Rate Hike Expectations Grow Amid Inflation and Global Bond Sell-Off

The U.S. dollar extended its rally for a fifth consecutive session on Friday, posting its strongest weekly performance in more than nine months as investors increased expectations for further Federal Reserve interest rate...

UK Stocks Slide as Labour Leadership Tensions and U.S.-China Talks Shape Markets

British stocks closed lower on Friday as political uncertainty surrounding the U.K.s ruling Labour Party pressured investor sentiment and weakened the pound for a fourth straight session. The FTSE 100 dropped 0.61%, while...

Politics

Colombia Election Violence: Two Campaign Workers for Abelardo De La Espriella Killed Ahead of Presidential Vote

Political violence in Colombia has intensified after two campaign workers supporting right-wing presidential candidate Abelardo De La Espriella were killed just weeks before the countrys 2026 presidential election. The...

Alex Saab Deported to U.S. as Maduro Investigation Deepens

Venezuelan official Alex Saab, a close ally of former President Nicolas Maduro, has reportedly been deported to the United States, according to Venezuelas migration agency SAIME. The move marks another major development in...

Taiwan Says U.S. Arms Sales Remain Key to Regional Stability

Taiwan reaffirmed on Saturday that U.S. arms sales remain vital to maintaining peace and stability in the Asia-Pacific region after President Donald Trump said he had not yet decided whether to approve a new weapons...

Amazon Faces Class-Action Lawsuit Over Trump Tariff Price Hikes

Amazon.com Inc. (NASDAQ: AMZN) is facing a proposed class-action lawsuit after consumers accused the company of inflating product prices due to tariffs later ruled unlawful by the U.S. Supreme Court. The case, filed in...

Alberta Separatist Movement Faces Major Legal Setback Ahead of Referendum Push

Albertas separatist movement has suffered a significant blow after a provincial court ruled against a petition campaign seeking a referendum on Alberta independence from Canada. The decision creates new uncertainty for...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of Potential IPO

A majority of SpaceX shareholders have reportedly approved a 5-for-1 stock split proposed by the companys board, according to a Bloomberg News report published Friday. The decision comes as interest continues to grow...

FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices

Arm Holdings Plc (NASDAQ: ARM) is reportedly under formal investigation by the U.S. Federal Trade Commission (FTC) over concerns tied to its semiconductor licensing business, according to Bloomberg. The probe marks a...

Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates

Applied Materials posted record fiscal second-quarter revenue on Thursday and issued a stronger-than-expected forecast for the third quarter, fueled by rising global investment in artificial intelligence infrastructure and...

Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation

AI startup Anthropic is reportedly close to securing a massive $30 billion fundraising deal that would value the company at approximately $900 billion, according to a Financial Times report published Friday. The new...

Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval

Nvidias efforts to expand AI chip sales in China remain stalled even after the U.S. approved several Chinese technology giants to purchase the companys H200 processors. Although around 10 Chinese firms, including Alibaba,...
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