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RBA rate decision preview

May 07, 2019 04:07 am UTC| Commentary Central Banks

Reserve Bank of Australia (RBA) will announce its monetary policy decisions today at 4:30 GMT. Economy at a glance The economy is growing at 2.3 percent y/y as of Q4 2018 compared to 4.3 percent in early 2012....

On rate-cut Tuesday, here are four reasons why the Reserve Bank shouldn't jump

May 07, 2019 03:08 am UTC| Insights & Views Central Banks

Every first Tuesday of every month but January the Reserve Bank Board meets to decide whether to adjust interest rates. It announces its decision at 2.30 pm eastern time. It ought to be an easy decision. Officially, the...

FxWirePro: NOK vulnerable on falling oil prices – Call check on EUR/NOK/USD options triangle

May 06, 2019 13:42 pm UTC| Research & Analysis Central Banks

TheNOKcontinued to weaken last week, and theEURNOKhas traded back above the 9.80-handle going into this week, after trading as low (strong) as 9.55 two weeks ago. The main reason for the NOK weakness last week was...

FxWirePro: AUD/USD/JPY put switches and AUD/USD shorts in spot on RBA rate cut hopes

May 06, 2019 08:52 am UTC| Research & Analysis Central Banks

The canter of attraction is that the Antipodeans heading into early May, with both central banks in play on consecutive days on 7/8 May. The AUD short is well-placed now that we have brought forward our projection for two...

Fed Hike aftermath Series: Hike probabilities over coming meetings

May 06, 2019 07:54 am UTC| Commentary Central Banks

FOMC followed through its promise and hiked rates four times in 2018 and forecasted two more rate hikes for 2019. Current Federal funds rate - 225-250 bps (Note, all calculations are based on data as of 6th May) June...

FxWirePro: AUD bears to drag 4-month lows - Wise to capitalize on Aussie’s momentary spikes to write OTM shorts ahead of RBA

May 06, 2019 06:48 am UTC| Research & Analysis Central Banks

The Reserve Bank of Australias monetary policy is scheduled for this week (on April 2nd). Unusually, this meeting will be on the same day as the announcement of the Federal Budget at 7:30 pm that evening. As such, we would...

Norges Bank unlikely to adopt any changes to policy rate, may update guidance on rate hike: DNB Markets

May 06, 2019 06:44 am UTC| Commentary Central Banks Economy

The Norges Bank is not expected to adopt any changes in the policy rate at the upcoming monetary policy meeting on May 9, but may update its earlier guidance on a rate hike within six months of March this year, according...

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Economy

Samsung Strike Talks Resume as South Korea Weighs Emergency Action

South Korea is considering all available measures, including emergency arbitration, to prevent a potential labor strike at Samsung Electronics, according to Prime Minister Kim Min-seok. The government is aiming to minimize...

Australia Capital Gains Tax Reform Sparks Housing Market Debate

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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

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

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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

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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

Samsung Union Talks Enter Final Stage as Strike Threat Looms

Samsung Electronics and its largest labor union are set to resume critical wage negotiations on Monday as both sides race to prevent a major strike that could disrupt South Koreas economy and global semiconductor supply...

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...
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