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FxWirePro: Asian markets drastically down, gold flat at $1,255 mark

Jul 05, 2018 04:46 am UTC| Commentary

All the major Asian indices were trading on a lower note on Thursday. Gold was trading around $1,255 mark while silver was trading around $16.02 mark. Japans Nikkei was trading 0.96 pct lower at 21,508.77...

FxWirePro: The Day Ahead- 5th July 2018

Jul 05, 2018 04:33 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Upcoming: Germany: Factory orders report will be released at 6:00 GMT. Bundesbank President Weidmann is set for...

EUR/CHF likely to trade around 1.18 by end-2018 – Lloyds Bank

Jul 04, 2018 22:02 pm UTC| Commentary

The euro had reached a psychological ceiling against the Swiss franc. After having tested 1.20 several times over the past two months, EUR/CHF has dropped sharply, even as global risk confidence has improved, noted Lloyds...

Bank of England likely to hike Bank Rate in August

Jul 04, 2018 21:59 pm UTC| Commentary

During the June meeting, three of BoEs nine MPC members had voted for raising the Bank Rate. Significantly, BoE Chief Economist Haldane was one of the three, suggesting that more might follow during the upcoming meeting on...

Australian headline consumer price inflation likely to have accelerated in Q2 2018 - ANZ

Jul 04, 2018 19:20 pm UTC| Commentary

Australian second quarter inflation data is set to be released around the end of this month and the data is expected to affirm that any acceleration in inflationary pressures continues to be quite gradual. According to an...

Euro area’s service sector performance rebounds in June, PMI index rises to 55.2

Jul 04, 2018 18:15 pm UTC| Commentary

Euro areas service sector performance rebounded at the end of the second quarter. Rates of growth in business activity, new orders and employment accelerated. The final IHS Markit Eurozone PMI Services Business Activity...

Euro area’s service sector performance rebounds in June, PMI index rises to 55.2

Jul 04, 2018 18:15 pm UTC| Commentary

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Economy

UK PM Burnham to Unveil Economic Vision at Labour Conference

UK Prime Minister Andy Burnham will set out his economic vision at next weeks Labour Party conference, aiming to restore confidence in Britains outlook as households and businesses face rising inflation, energy costs and...

Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending

Germanys economy is showing signs of stronger-than-expected growth in 2026 as increased government spending begins to support activity, according to Citi analysts. The fiscal boost is currently most visible in defence...

China Agrees to Buy 20 Million Tons of U.S. Coal

China has agreed to purchase at least 10 million metric tons of U.S. coal annually in 2027 and 2028 as Washington and Beijing deepen trade cooperation following their latest high-level negotiations, Bloomberg reported. The...

Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes

Oil prices fell on Friday, ending a two-day rally as traders weighed reports that the United States and Iran were discussing a phased agreement that could eventually reopen the Strait of Hormuz and ease disruptions to...

Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens

The Canadian dollar could remain under pressure through the end of 2026 as diverging monetary policy between the Federal Reserve and Bank of Canada weighs on the currency, according to CIBC Capital Markets. CIBC expects...

Politics

South Africa Seeks US Talks Despite Visa Restrictions

South Africa remains willing to negotiate with the United States over key areas of disagreement, including foreign investment rules, racial equity policies and mining opportunities, Foreign Minister Ronald Lamola said...

Taiwan Says U.S. Arms Sales Protect Chip Supply

Continued U.S. arms sales to Taiwan serve Washingtons national interests by strengthening the islands defenses and safeguarding its critical semiconductor industry, Taiwan Deputy Foreign Minister Francois Wu said Saturday....

Iran Awaits U.S. Response on Hormuz Ceasefire Proposal

Iran was awaiting an official response from the United States on Saturday to its proposal to reopen the Strait of Hormuz and pause fighting across the Middle East, even as a media report said President Donald Trump had...

Colombia Extradites FARC Dissident Leader ‘Spider’ to US

Colombia has extradited Geovany Andres Rojas, a senior commander of a dissident faction linked to the former FARC rebel movement, to the United States, where he is wanted on drug-trafficking charges. Rojas, widely known by...

Evan Gershkovich Says FSB Set Trap for 2023 Russia Arrest

Wall Street Journal reporter Evan Gershkovich says Russias Federal Security Service orchestrated an elaborate sting operation that led to his 2023 arrest on espionage charges, according to his first detailed published...

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

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...