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FxWirePro: The Day Ahead- 17th May 2018

May 17, 2018 04:56 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 price inflation expectation rose to 3.7 percent in May. Employment...

Bank of Thailand stands pat, likely to keep rate on hold throughout 2018

May 16, 2018 13:38 pm UTC| Commentary Central Banks

Thai central bank kept its policy rate on hold at 1.50 percent today during its meeting. The decision was unanimous. But on MPC member was not able to attend the meeting. The Bank of Thailand maintained that economic...

FxWirePro: Hedge USD/TRY exposures on CBT’s potential rate hike

May 16, 2018 12:54 pm UTC| Research & Analysis Central Banks Insights & Views Technicals

With USDTRY punching through the 4.40 level yesterday but for today the failure swings are observed, as a result, shooting star candle pattern is most likely. Moving forward, we are one step closer to CBT having to use an...

FxWirePro: The Day Ahead- 16th May 2018

May 16, 2018 05:18 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: China: House price index rose by 4.7 percent y/y in April, down from 4.9...

RBI likely to veer towards hawkish stance in June policy meeting, pave way for 25 bps hike in August: DBS Group Research

May 15, 2018 09:27 am UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) is expected to change its direction to a hawkish stance at its monetary policy meeting in June (small probability of a pre-emptive hike) and pave the way for a 25 basis points increase in...

FxWirePro: The Day Ahead- 15th May 2018

May 15, 2018 04:31 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: China: Fixed asset investments up 7 percent y/y in March. Industrial production rose by 7...

FxWirePro: Euro takes driver’s seat in EUR/CHF rallies – Deploy strangle writing as both SNB and ECB unlikely to weigh in IVs

May 14, 2018 13:02 pm UTC| Research & Analysis Central Banks Insights & Views

As long as the SNB does not provide any signals that it considers exiting its expansive monetary policy, the euro will continue to point the way ahead. We expect the euro to tend to lose ground against the Swiss franc...

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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...