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Wed, Jul 01, 2026 11:51 PM All times are UTC

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Reserve Bank of India cuts policy repo rate by 25 bps, lowers fiscal 2020 GDP growth forecast

Jun 06, 2019 09:51 am UTC| Commentary Central Banks

The Reserve Bank of India cut its key interest rate today by 25 basis points to 5.75 percent, in line with market expectations. The members of the committee voted unanimously to lower the policy repo rate. Moreover, the...

Fed funds rate likely to go down by 25bps each in September and December, says DBS Group Research

Jun 06, 2019 05:43 am UTC| Commentary Central Banks Economy

The Fed Funds rate is expected to go down by 25bps each in September and December, to be explained as insurance against global market risks and chronically below-target inflation, according to the latest report from DBS...

FxWirePro: Driving Forces of Sterling and Aussie Dollar – A Run Through on GBP/AUD Options Strategy

Jun 04, 2019 13:07 pm UTC| Research & Analysis Central Banks

The key UK economic data releases this week are the May PMI reports. The results of the Lloyds Business Barometer showed services activity lagging behind manufacturing. However, the manufacturing PMI release on Monday was...

FxWirePro: RBA delivers 25 bps rate cuts as FX market anticipates, Uphold AUD/JPY put switches

Jun 04, 2019 10:16 am UTC| Research & Analysis Central Banks

The Reserve Bank of Australia is the first major central bank of the G10 countries to cut its key rate, thus confirming the end of normalization: this morning by 25bp to 1.25%. The rate cut had basically been announced, as...

RBI likely to deliver 25 bp rate cut amid India’s benign inflation, aim to stimulate nation’s economic growth: Scotiabank

Jun 04, 2019 04:34 am UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) is expected to deliver a 25 bp rate cut amid Indias benign inflation on Thursday afternoon, with the aim of stimulating the nations economic growth that slowed to 5.8% yoy in the...

FxWirePro: Snippets of AUD/USD OTC outlook - Tip-offs for put writers or holders of diagonal spreads ahead of RBA

Jun 03, 2019 10:33 am UTC| Research & Analysis Central Banks

The Aussie dollar has gained little upside traction momentarily. RBA is scheduled for their monetary policy on 4th June. The weaker growth and RBA rate cut most likely to drive AUDs vulnerability, the projections are at...

FxWirePro: A Quick Glimpse at Implications of RBA and Trade-War on AUD - Aussie Derivatives Ahead of Monetary Policy

Jun 03, 2019 08:18 am UTC| Research & Analysis Central Banks

Although AUDUSD broke-out above its five-day consolidation range of 0.6900-0.6940 areas, its questionable how far it can run given the mounting trade tensions plus an RBA cut looming. The contrarian perspective on the...

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Economy

US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low

The U.S. dollar strengthened on Wednesday as fresh economic data reinforced expectations that the Federal Reserve could keep interest rates elevated. Investors also assessed remarks from Fed Chair Kevin Warsh, while the...

Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data

Asian currencies mostly weakened on Wednesday as the U.S. dollar remained resilient, while the Japanese yen hovered near its weakest level in nearly four decades, keeping traders alert for potential intervention by...

Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data

Asian stock markets traded mixed on Wednesday, with South Korean equities leading regional losses as investors locked in profits after an exceptional second-quarter rally. Meanwhile, stronger manufacturing data from Japan...

Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus

Oil prices edged higher on Wednesday as uncertainty surrounding U.S.-Iran peace negotiations continued to support crude markets, even as record U.S. oil production pointed to improving global supply. Traders remained...

Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels

Gold prices extended their losses during Asian trading on Wednesday, with bullion hovering near an eight-month low after recording its steepest quarterly decline in 13 years. Growing expectations that the Federal Reserve...

Politics

JD Vance Criticizes Vatican on Immigration, Defends Trump Border Policies

U.S. Vice President JD Vance said he disagrees with the Vaticans position on immigration, calling some of its recent comments troubling after Pope Leo repeatedly criticized President Donald Trumps immigration policies and...

U.S. Military Expands Venezuela Earthquake Relief Mission as Troop Presence Tops 900

The United States has significantly expanded its military presence in Venezuela to support humanitarian relief efforts following last weeks devastating earthquakes, with more than 900 U.S. personnel now operating inside...

Ukraine Preparing for Possible Russian Offensive From Bryansk, Military Chief Says

Ukraine is preparing for a possible new Russian offensive from the countrys northern border, although a direct assault on Kyiv is considered unlikely, according to Ukraines top military commander, Oleksandr Syrskyi....

Trump Prioritizes Iran Diplomacy Over Military Action as Nuclear Talks Continue

President Donald Trump has decided to keep diplomatic negotiations with Iran on track for now, despite recently reviewing options for renewed large-scale military action, according to a Wall Street Journal report citing...

UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap

United Nations Secretary-General Antonio Guterres has appealed to member states to urgently fill a $100 million funding gap facing the U.N. Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), warning...

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

Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls

Anthropic announced late Tuesday that the U.S. government has lifted export restrictions on its Claude Fable 5 and Mythos 5 artificial intelligence models, allowing the company to begin restoring user access starting...

South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine

South Koreas antitrust regulator has accused Alphabets Google of abusing its dominant position in the Android app marketplace, a move that could result in a significant financial penalty and new corrective measures if the...

Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox

Microsoft is reportedly preparing another round of job cuts as the technology giant continues to reduce costs while increasing investment in artificial intelligence, according to a Business Insider report published...

Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism

Chip-equipment stocks surged on Tuesday after reports that South Koreas semiconductor leaders, Samsung Electronics and SK Hynix, plan to invest up to $1.3 trillion in new semiconductor manufacturing projects, reinforcing...

Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts

Nvidia (NASDAQ: NVDA) shares rebounded on the final trading day of the quarter after bullish supply-chain research from independent semiconductor firm SemiAnalysis suggested the AI chipmakers data center business could...