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Fundamentals to watch out for this week

Jun 18, 2018 06:37 am UTC| Commentary Central Banks

In terms of volatility risks, this week is relatively quiet, however, there are several events one needs to keep a tab on. What to watch for over the coming days: Central Banks: Bank of England (BoE), and...

Fed Hike aftermath Series: Hike probabilities over coming meetings

Jun 18, 2018 02:44 am UTC| Commentary Central Banks

FOMC increased interest rates in March and June and increased its forecast from three rate hikes in 2018 to four rate hikes. June decision was unanimous. Current Federal funds rate - 175-200 bps (Note, all calculations are...

BOJ monetary policy preview

Jun 15, 2018 03:01 am UTC| Commentary Central Banks

Bank of Japan (BOJ) will announce its monetary policy decisions today sometime in early Asian hours, probably around 2:00 GMT, followed by thepress conference from governor Kuroda around 6:30 GMT. Current monetary...

ECB announces to reduce monthly net asset purchases to EUR 15 billion after September

Jun 14, 2018 19:47 pm UTC| Commentary Central Banks

The European Central Bank surprised the market today. Firstly, the central bank stated that monthly net asset purchases would be lowered from EUR 30 billion to EUR 15 billion after September and then stopped at the end of...

FxWirePro: Snippets of CHF crosses and cost-effective options structures

Jun 14, 2018 12:23 pm UTC| Research & Analysis Insights & Views Central Banks

We diffidently concluded that a widening in interest rate differentials, on USDCHF if not EURCHF a few months ago, and was exerting a more powerful influence on capital flows than we had expected. But for now, the Fed...

Digital Currency Revolution

RBI to uphold accountability in forbidding cryptocurrencies - After High Courts of India, ball is now in court of India’s Supreme Court

Jun 14, 2018 11:40 am UTC| Digital Currency Research & Analysis Central Banks Insights & Views

India has been the predominant country for FinTech innovation. But on the contrary, conflicting cryptocurrencies appears to be a downright adverse approach in this regard. Indian central bank, Reserve bank of India had...

FxWirePro: Market more focused on ECB than Fed

Jun 14, 2018 10:33 am UTC| Commentary Central Banks

Yesterdays price action post FOMC announcement strongly suggest that the market is more focused and more concerned about the future actions of the European Central Bank (ECB) that the U.S. Federal Reserve. Yesterdays...

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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...
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