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FxWirePro: The Day Ahead- 23rd January 2018

Jan 23, 2018 04:52 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated. Data released so far: Japan: BoJ kept monetary policy unchanged. Kuroda will hold the press conference...

Australian bonds jump on rising safe-haven demand as U.S. President Trump ignites fear of trade war

Jan 23, 2018 04:36 am UTC| Commentary Economy

Australian bonds jumped Tuesday as investors poured into safe-haven assets after United States President Donald Trump ignited fears of a global trade war, offsetting upgrades to the world growth outlook and a deal to...

Philippine economy likely to have expanded 6.9 pct y/y in Q4 2017

Jan 22, 2018 20:34 pm UTC| Commentary

The Philippine economic growth is expected to have expanded in the fourth quarter of last year. According to a DBS Bank research report, the economy is likely to have grown 6.9 percent year-on-year. This suggests that the...

South Korean economic growth likely decelerated in Q4 2017

Jan 22, 2018 20:33 pm UTC| Commentary

The South Korean economic growth data for the fourth quarter is set to be released this week. According to a DBS Bank, the South Korean GDP is expected to have dropped to 3.3 percent year-on-year from the prior quarters...

Singaporean headline inflation likely to have remained benign in December – DBS Bank

Jan 22, 2018 19:41 pm UTC| Commentary

Singapores headline inflation and industrial production data for the month of December is set to be released this week. The consumer price inflation is expected to have remained benign at 0.5 percent year-on-year in...

Canadian wholesale sales rise for second straight month in November

Jan 22, 2018 18:27 pm UTC| Commentary

Canadian wholesale sales rose for the second straight month in November. Sales were up 0.7 percent to CAD 63.6 billion. In the terms of volumes, wholesale sales rose 0.5 percent. The food, beverage and tobacco subsector...

Bank of Japan likely to keep policy on hold in January

Jan 22, 2018 17:08 pm UTC| Commentary

The central bank of Japan is set to meet this week for its rate decision. According to a DBS Bank research report, the Bank of Japan is likely to keep policy on hold this week. Given the positive trade and production data...

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Economy

RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise

The Reserve Bank of Australia raised interest rates by 25 basis points on Tuesday, taking borrowing costs to their highest level in nearly 15 years as policymakers respond to persistent inflation and rising energy prices....

Asian Stocks Fall as Bond Yields and Oil Prices Surge

Asian stock markets fell broadly on Tuesday as surging U.S. Treasury yields, elevated oil prices and renewed pressure on technology shares dampened investor sentiment. Markets also awaited the Reserve Bank of Australias...

Asian Currencies Mixed as Yen Weakens, RBA Hike Looms

Asian currencies traded mixed on Tuesday, with the Japanese yen weakening toward recent lows as investors weighed intervention risks and the Bank of Japans policy outlook. The U.S. dollar remained near a two-month high,...

Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise

Gold prices stabilized near a seven-week low on Tuesday after plunging 4% in the previous session, as elevated oil prices, rising U.S. Treasury yields and expectations for further Federal Reserve rate hikes continued to...

U.S. Stock Futures Steady as AI, Rate Concerns Weigh

U.S. stock futures were little changed Monday evening after Wall Street fell under pressure from elevated Treasury yields, concerns about slowing artificial intelligence development and persistent geopolitical tensions...

Politics

White House Blames Democrats as CLARITY Act Stalls

The White House and Republican Senator Cynthia Lummis have blamed Senate Democrats for the CLARITY Acts failure to advance, escalating partisan tensions over landmark U.S. cryptocurrency legislation. The Senate voted 49-50...

US Troops Set to Complete Iraq Withdrawal as Iran Influence Grows

US forces are expected to withdraw from their remaining bases in Iraq by Wednesday, completing a departure agreed in 2024 and raising concerns over Irans expanding influence and the potential resurgence of Islamic State....

Malaysia Begins Deportation of 1,500 Myanmar Nationals

Malaysia began deporting about 1,500 Myanmar nationals on Tuesday under a repatriation programme that has drawn objections from the United Nations and human rights organisations over safety concerns in conflict-hit...

Trump Denies Offering Iran Sanctions Relief for Nuclear Concessions

U.S. President Donald Trump on Monday denied reports that his administration had offered Iran sanctions relief and access to frozen funds in exchange for concessions on Tehrans nuclear program. This is untrue. I offered...

Rubio Warns Cuba to Change Course as US Pressure Mounts

U.S. Secretary of State Marco Rubio said Washington hopes Cuba will pursue a different path, warning that Cuban officials should not expect to simply wait out President Donald Trumps administration without making changes....

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

Anthropic Targets $2 Trillion Valuation in Planned IPO

Anthropic is preparing for a highly anticipated initial public offering that could value the artificial intelligence company at more than $2 trillion, putting investor enthusiasm for the booming AI sector and its massive...

Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure

Samsung Electronics and five affiliates are investing a combined $1 billion in Helix Digital Infrastructure, a new artificial intelligence infrastructure company backed by investment firm KKR, as Samsung expands deeper...

CSL Partners With AWS to Bring AI Into Drug Research

CSL has entered into a partnership with Amazon Web Services (AWS) to integrate artificial intelligence and cloud computing across its research and clinical development operations, aiming to accelerate drug discovery and...

OpenAI Scraps GPT-6.1 Astra Launch Over Safety Concerns

OpenAI has canceled the planned release of GPT-6.1 Astra after internal testing raised concerns about the artificial intelligence models safety, alignment and ability to stay within authorized boundaries. The...

Pi Network Price Holds $0.087 as Protocol 28 Mainnet Upgrade Nears

Pi Network price traded around $0.0886 on September 28 as investors looked ahead to the Protocol 28 Mainnet upgrade scheduled for October 16. PI remained below the key $0.10 level amid broader weakness across the...