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FxWirePro: The Day Ahead- 26th January 2018

Jan 26, 2018 05:22 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Upcoming: France: Consumer confidence and business climate reports will be released at 7:45 GMT. Eurozone:...

ECB keeps policy unchanged, asset purchase program likely to be tapered after September

Jan 25, 2018 18:59 pm UTC| Commentary Central Banks

The European Central Bank kept its policy on hold today, as expected. Also, it did not make any changes to its forward guidance. During the press conference, ECB President Draghi carried on with dovish tone, noting in...

Norges Bank keeps policy unchanged, central bank likely to revised up growth estimate for 2018

Jan 25, 2018 17:49 pm UTC| Commentary Central Banks

The Norwegian central bank, Norges Bank, kept its policy unchanged, as expected. The central bank did not give out any new signals. With no new rate path and only a statement released, the focus was on whether the boards...

FxWirePro: EUR put/PLN call/RUB call OT spreads on hawkish NBP and crude’s uptrend

Jan 25, 2018 14:18 pm UTC| Research & Analysis Central Banks Insights & Views

There are three reasons pointing towards a weaker zloty over the coming years: first of all, growth would slow down in the H22018 following a boom period. Secondly, the political event risks (in particular as a result of...

Malaysian central bank hikes interest rate by 25 bps, likely to hike again in September

Jan 25, 2018 13:04 pm UTC| Commentary Central Banks

Malaysian central bank, Bank Negara Malaysia, hiked its overnight policy rate today as expected. The BNM rose the rates by 25 basis points to 3.25 percent, reiterating its projection that the currently strong and...

FxWirePro: What to expect from ECB ahead?

Jan 25, 2018 12:13 pm UTC| Commentary Central Banks

Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 12:45 GMT, followed by the press conference at 13:30 GMT. The meeting is to be held in Frankfurt,...

FxWirePro: Euro to strengthen, Eurozone bond yields to lure, OTC to substantiate ahead of ECB’s 1st monetary policy in 2018

Jan 25, 2018 09:05 am UTC| Central Banks Research & Analysis Insights & Views

When pondering about the ECBs monetary policy meeting today, a proverb strikes our mind: if the mountain wont come to Mohammed. This seems to be exactly ECB President Mario Draghis approach. Despite weeks and weeks of...

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Economy

Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer

Brazils government will remove its gasoline subsidy much sooner than the diesel subsidy, opting for a gradual approach to prevent disruptions in the countrys fuel market while maintaining its fiscal-neutrality goals....

Denmark Central Bank Intervenes to Support Krone Peg Against Euro

Denmarks central bank stepped into the foreign exchange market in June for the first time in more than six years to support the Danish krone after the currency weakened to its lowest level against the euro in over 25...

Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations

Gold prices rallied sharply on Thursday, with spot gold climbing more than 2% after a weaker-than-expected U.S. jobs report reduced expectations for additional Federal Reserve interest rate hikes. The softer labor market...

Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend

Oil prices traded little changed on Thursday as investors paused after weeks of sharp declines that pushed crude benchmarks back to levels seen before the recent U.S.-Iran conflict. Improved shipping activity through the...

Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble

Wall Street closed mixed on Thursday as losses in technology shares, led by semiconductor companies and Tesla, offset optimism from a weaker-than-expected U.S. jobs report that reduced expectations for additional Federal...

Politics

Russia’s Deadly Kyiv Missile and Drone Attack Kills 27 as Zelensky Urges Faster Air Defense Support

Russia launched one of its largest air assaults on Ukraines capital, Kyiv, overnight, killing at least 27 people, injuring 91 others, and damaging around 130 buildings in the deadliest attack on the city this year....

Russian Attacks Kill Three in Eastern Ukraine as Civilian Casualties Mount

Russian attacks across eastern Ukraine killed at least three people on Thursday, including a seven-year-old child, while several others were injured in strikes targeting multiple regions, according to Ukrainian regional...

DHS Investigates Cyber Breach in Homeland Security Information-Sharing Network

The U.S. Department of Homeland Security (DHS) has launched an investigation into a cybersecurity breach involving an unnamed government information-sharing network, raising fresh concerns about the security of sensitive...

Trump Accounts Now Accept Stock Donations as Treasury Launches New Child Investment Program

Individuals and businesses will soon be able to donate publicly traded stocks to Trump Accounts, the government-backed investment accounts created under President Donald Trumps landmark tax and immigration law, according...

South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan

South Korea signaled heightened vigilance over its currency market on Thursday, with Vice Finance Minister Huh Chang saying the government is maintaining close communication with Japan and other major partners on foreign...

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

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...

Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027

Apple is reportedly preparing one of its most ambitious iPhone product cycles in years, with plans to significantly expand its smartphone lineup through 2027 while increasing production targets for its highly anticipated...

Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production

Samsung Group has unveiled a major investment plan worth 140 trillion won (approximately $90 billion) to strengthen South Koreas technology manufacturing sector, with a strong focus on artificial intelligence (AI),...

Super Micro Employees Detained in Taiwan AI Server Export Investigation

Super Micro Computer (NASDAQ: SMCI) said two employees at its Taiwan subsidiary have been detained pending a court hearing, while two others were released on bail after being questioned in an investigation into the alleged...