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USD/JPY likely to appreciate further on BoJ’s stance

Feb 01, 2016 11:20 am UTC| Commentary Central Banks

The Bank of Japan in its January meeting surprised the markets by adopting negative interest rates under the newly introduced Quantitative and Qualitative Easing program which cut the interest rate on current account...

Renminbi Series

PBoC weakens Yuan after six days of strengthening as BOJ weighs

Feb 01, 2016 10:18 am UTC| Commentary Central Banks

Peoples Bank of China (PBoC) weakened Yuan, after six consecutive days of strengthening, which has been longest since October, just before International Monetary Fund (IMF), reviewed Yuan to be included in SDR...

BOK to cut 50 basis points or more in 2016 after BOJ shock

Feb 01, 2016 09:05 am UTC| Commentary Central Banks

After South Korean exports turned out to be far worse than expected, Bank of Korea is likely to follow up with its own easing. Economy at a glance - South Korea is fourth largest economy in Asia, with GDP growing...

China Crisis Series

Why PBoC needs to ease more—Part 2

Feb 01, 2016 07:08 am UTC| Commentary Central Banks

We, at FxWirePro, are with strong belief that Peoples Bank of China (PBoC) will and have to ease policy large in 2016. In first part we argued that current debt servicing cost of Chinese corporations standing above 30% of...

Currency War Series

Indonesia’s inflation accelerates moderately in January, may give way for further easing

Feb 01, 2016 06:47 am UTC| Commentary Economy Central Banks

Indonesias inflation accelerated moderately in January to 4.14%, as compared with Barclays expectations of 4.3% and consensus expectations of 4.26%. Inflation accelerated due to lower base, as fuel prices were reduced in...

Currency War Series

Mario Draghi may push Euro lower today

Feb 01, 2016 06:42 am UTC| Commentary Central Banks

European Central Bank (ECB) president Mario Draghi, sounded more confident in banks January meeting that in December, when he disappointed market expectations and was seen fumbling literally during the course of press...

Currency War Series

RBI unlikely to lower rates on 2 Feb

Feb 01, 2016 05:48 am UTC| Commentary Central Banks

The Reserve Bank of India is unlikely to lower rates further in 2016 after cutting the rate by 50bp in September 2015. The efficacy of rate cuts is expected to depend on the rate of transmission to the lending rate. Till...

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Economy

South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns

South Korea has reaffirmed its commitment to fulfilling key obligations under its trade deal with the United States, pushing back against concerns in Washington that Seoul is dragging its feet on implementation. According...

Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals

Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank...

Thailand Inflation Remains Negative for 10th Straight Month in January

Thailands annual headline inflation rate stayed in negative territory for the tenth consecutive month in January, underscoring continued price pressures driven largely by lower energy costs and government measures aimed at...

Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off

Silver prices tumbled sharply during Asian trading on Thursday, leading a broad sell-off across the precious metals market and erasing most of the short-lived rebound seen earlier this week. The steep decline highlighted...

South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks

South Koreas efforts to stabilise its currency are facing a growing domestic challenge as retail investors continue to pour record amounts of money into U.S. stocks, driving strong demand for dollars while the won trades...

Politics

U.S. Announces Additional $6 Million in Humanitarian Aid to Cuba Amid Oil Sanctions and Fuel Shortages

The United States will provide an additional $6 million in humanitarian aid to Cuba, bringing the total U.S. assistance to $9 million since Hurricane Melissa struck the island in October, according to a senior State...

Nighttime Shelling Causes Serious Damage in Russia’s Belgorod Region Near Ukraine Border

Nighttime shelling attributed to Ukrainian forces caused what Russian officials described as serious damage in the city of Belgorod, a regional capital in western Russia located close to the Ukrainian border. The incident...

NATO to Discuss Strengthening Greenland Security Amid Arctic Tensions

NATO defence ministers are expected to discuss new measures to strengthen the security of Greenland at an upcoming meeting in Brussels, according to British Defence Secretary John Healey. The talks come amid renewed focus...

Trump Rejects Putin’s New START Extension Offer, Raising Fears of a New Nuclear Arms Race

U.S. President Donald Trump has rejected an offer from Russian President Vladimir Putin to voluntarily extend limits on strategic nuclear weapons following the expiration of the New START treaty, a landmark arms control...

Marco Rubio Steps Down as Acting U.S. Archivist Amid Federal Law Limits

U.S. Secretary of State and National Security Adviser Marco Rubio is no longer serving as the acting archivist of the United States, according to a statement confirmed Thursday by a spokesperson for the National Archives...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...
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