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FxWirePro: The Day Ahead- 12th July 2018

Jul 12, 2018 04:33 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectation declined to 3.9 percent in...

Bank of Canada hikes key monetary policy rate to 1.50 pct

Jul 11, 2018 18:45 pm UTC| Commentary Central Banks

The Canadian central bank, Bank of Canada hiked its key monetary policy rate to 1.50 percent today, the fourth hike in 2018. The central bank, in its statement, explained that the BoC struck a neutral to slightly hawkish...

FxWirePro: Scandis trade perspectives - Execute seagull strategy to stay long in NOK/SEK

Jul 11, 2018 12:50 pm UTC| Research & Analysis Central Banks

In order to find value in being long NOKSEK, the execution of seagull strategy is advised. The trading stance is motivated not just by cheap NOK valuations, but predominantly driven by the relative central bank reaction...

Bank Negara Malaysia keeps policy rate on hold, likely to maintain neutral tone for rest of 2018

Jul 11, 2018 12:42 pm UTC| Commentary Central Banks

Malaysian central bank, Bank Negara Malaysia kept its overnight policy rate on hold at 3.25 percent. The policy statement took note of the likely repercussions of an additional intensification in global trade tensions and...

UK May GDP data points to a pick-up in growth in Q2; Will it convince BoE for rate hike in August?

Jul 11, 2018 12:14 pm UTC| Insights & Views Economy Central Banks

UK GDP grew by 0.2 percent in the three months to May, the same pace as the first three months of the year. The monthly GDP estimate, a more volatile measure, showed growth of 0.3 percent during the month, up from 0.2...

Bank of Canada monetary policy preview

Jul 11, 2018 11:51 am UTC| Commentary Central Banks

Today, Bank of Canada (BoC) is to provide further guidance in policy meet. The result of the monetary policy meeting is scheduled to be announced at 14:00 GMT, followed by a press conference at 15:15 GMT. Current policy...

FxWirePro: Glimpse at USD/CAD’s Driving Forces, OTC Outlook and Options Strategy Ahead of BoC

Jul 11, 2018 11:01 am UTC| Research & Analysis Central Banks

BoC (Bank of Canada) monetary policy is scheduled for today, the policy expectations have firmed up in the past week or more and the LFS data added some incremental conviction for a hike on Jul 11th. The breakdown (full...

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Economy

Peru Economy Grows 2.6% in Q2 as Private Investment Surges

Perus economy expanded 2.6% year over year in the second quarter of 2026, slightly exceeding market expectations as strong domestic demand and private investment helped offset weakness in manufacturing and fishing. The...

US Dollar Heads for Worst Week Since July as Fiscal Concerns Mount

The U.S. dollar was on course Friday for its steepest weekly decline since late July as mounting fiscal concerns and unusual Treasury market intervention weighed on investor confidence. The U.S. Dollar Index, which...

Gold Prices Hit Three-Month High as Dollar Weakens

Gold prices surged to a three-month high on Friday and headed for strong weekly gains as a weaker U.S. dollar and mounting concerns over Treasury yields and government debt boosted demand for the precious metal. Spot gold...

Wall Street Ends Higher as Crypto Stocks and Materials Rally

Wall Street closed higher on Friday as gains in materials and cryptocurrency-related stocks helped offset renewed pressure from rising U.S. Treasury yields and elevated oil prices. The SP 500 gained 0.4% to finish at...

US Debt Tops $40 Trillion as Global Borrowing Costs Surge

U.S. government debt has surpassed $40 trillion for the first time, highlighting growing fiscal pressures as major economies face rising spending demands from ageing populations, defence, climate change and higher interest...

Politics

NATO Facilitates Allied Talks on Strait of Hormuz Navigation

NATOs top military commander convened a videoconference this week to help interested allies coordinate potential contributions aimed at protecting freedom of navigation in the Strait of Hormuz, while stressing that the...

Russian Drone Strike on Kryvyi Rih Shopping Centre Kills 15

At least 15 people were killed and more than 130 others injured after multiple Russian drones struck a shopping centre in Kryvyi Rih, central Ukraine, on Friday, according to Ukrainian authorities. Oleksandr Hanzha, the...

Turkey Seeks Interpol Red Notice for Netanyahu Over Gaza Aid Flotilla

Turkey said Friday it will seek an Interpol red notice for Israeli Prime Minister Benjamin Netanyahu as part of a criminal investigation linked to Israels interception of activists attempting to deliver humanitarian aid to...

Prince Harry, Elton John Ordered to Pay £9.54 Million in Daily Mail Legal Costs

Britains Prince Harry, singer Elton John and other prominent figures have been ordered to make a 9.54 million ($12.7 million) interim payment toward the legal costs of Daily Mail publisher Associated Newspapers after...

EU’s Von der Leyen Condemns Israel’s E1 West Bank Settlement Plan

European Commission President Ursula von der Leyen on Friday strongly criticized Israels decision to issue construction tenders for the controversial E1 residential development in the occupied West Bank, adding to growing...

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

Apple Cuts Over 200 Siri, Vision Pro Jobs in AI Shift

Apple is cutting more than 200 jobs across teams responsible for its Siri digital assistant, Vision Pro headset and artificial intelligence features as the technology giant redirects resources toward new devices and AI...

Amazon to Expand Drone Delivery to 500 U.S. Locations

Amazon plans to significantly expand its drone delivery service across the United States, targeting roughly 500 cities and towns by the end of the year as the e-commerce giant accelerates its long-running Prime Air...

TikTok, DOJ Reach $400 Million Children’s Privacy Settlement

TikTok and the U.S. Department of Justice have reached a $400 million settlement to resolve allegations that the popular short-video platform violated federal childrens online privacy protections. The agreement settles a...

Anthropic IPO Could Challenge SpaceX’s Record $86 Billion Offering

Anthropic is reportedly considering an initial public offering that could rival or surpass SpaceXs record-breaking IPO, potentially making the artificial intelligence company responsible for the largest public share sale...

Samsung Shares Rise on $72 Billion Shareholder Return Plan

Samsung Electronics shares climbed on Friday following reports that the South Korean technology giant is preparing a shareholder return package potentially exceeding 100 trillion won ($72 billion). Samsungs board is...