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USD/INR likely to consolidate between 65-66 range in near-term, says Commerzbank

Oct 17, 2017 05:12 am UTC| Commentary Economy

The USDINR currency pair is expected to consolidate between a range of 65-66 over the near-term, according to reports from Commerzbank. There was some good news for the Modi government after the latest inflation figures...

FxWirePro: The Day Ahead- 17th October 2017

Oct 17, 2017 05:02 am UTC| Commentary Economy Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: New motor vehicle sales declined 0.5 percent in September, down 0.8 percent...

Asian markets mixed, gold stabilizes below 1,300 mark

Oct 17, 2017 05:00 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Tuesday. Gold was trading around $1,292 mark while silver was trading around $17.18 mark. Japans Nikkei was trading 0.33 percent higher at 21,325.55...

JGBs flat trend lower in muted session ahead of September trade balance data

Oct 17, 2017 03:59 am UTC| Commentary Economy

The Japanese government bonds trended lower Tuesday as investors remained sidelined in any major trading activity ahead of the countrys trade balance data for the month of September, scheduled to be released on October 18...

Australian bonds slump following weakness in U.S. Treasuries; RBA meeting minutes fail to steer markets

Oct 17, 2017 02:53 am UTC| Commentary Economy

The Australian bonds slumped with U.S. Treasuries Tuesday as market speculation rise on new hawkish Federal Reserve chairperson. However, the October Reserve Bank of Australia (RBA) meeting minutes failed to steer...

Canada’s retails likely to have increased in August on motor vehicle spending

Oct 16, 2017 17:26 pm UTC| Commentary

Canadas retail sales are expected to have risen in August driven by motor vehicle spending. According to a TD Economics research report, the retail sales are likely to have increased 0.5 percent sequentially. Excluding...

U.S. housing starts likely to have fallen again in September, construction to stay weak

Oct 16, 2017 16:14 pm UTC| Commentary

Housing starts in the U.S. had dropped in the month of August amid additional softness in the multi-family segment. However, single family starts had continued with their upward trend and have risen almost 9 percent...

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Economy

Australia Inflation Surges in March as Fuel Prices Spike Amid Middle East Conflict

Australias consumer price index (CPI) rose sharply in March, driven largely by higher fuel costs linked to geopolitical tensions in the Middle East. According to data released by the Australian Bureau of Statistics (ABS),...

Gold Prices Fall as Strong Dollar and Rising Oil Prices Pressure Markets

Gold prices dropped sharply on Tuesday, reaching their lowest level in nearly a month as a stronger U.S. dollar and rising oil prices weighed on investor sentiment. Spot gold declined 1.8% to $4,597.06 per ounce, while...

Oil Prices Slip Amid UAE’s OPEC Exit and Ongoing Iran Conflict Concerns

Oil prices edged lower on Wednesday after reaching a three-week high, as global markets reacted to the United Arab Emirates decision to exit the OPEC alliance. Despite the dip, continued geopolitical tensions surrounding...

U.S. Stock Futures Edge Higher Ahead of Big Tech Earnings and Fed Decision

U.S. stock index futures moved slightly higher on Tuesday evening after a weak Wall Street session, as investors turned their attention to upcoming Big Tech earnings and the Federal Reserves policy decision. SP 500 Futures...

Dollar Strengthens as US-Iran Tensions and Central Bank Decisions Drive Currency Markets

The U.S. dollar strengthened on Tuesday as investors reacted to stalled negotiations between the United States and Iran, alongside anticipation surrounding a busy week of global central bank interest rate decisions. The...

Politics

King Charles Reaffirms UK-US Alliance Amid Global Tensions

King Charles III delivered a historic speech to the U.S. Congress, emphasizing the enduring strength of the UK-US alliance during a period marked by geopolitical uncertainty and strained relations. Addressing lawmakers,...

White House Defends Trump’s FIFA Peace Prize Amid Global Criticism

The White House has strongly defended the decision to award U.S. President Donald Trump the inaugural FIFA Peace Prize, pushing back against growing criticism from human rights organizations, athletes, and international...

Trump Meets King Charles: “Two Kings” Moment Sparks Debate on Presidential Power

U.S. President Donald Trump drew attention during a White House event welcoming King Charles and Queen Camilla, making remarks that blended history, symbolism, and political messaging. Reflecting on the shared heritage of...

U.S. Envoy Julie Davis to Retire Amid Ukraine War Diplomacy Challenges

Acting U.S. Ambassador to Ukraine Julie Davis is set to step down from her role in Kyiv and retire from the State Department in June 2026, according to U.S. officials. Her departure comes at a critical moment, as...

Trump-Iran Conflict Escalates as Nuclear Talks Stall and Oil Prices Surge

Efforts to resolve the ongoing Iran conflict have reached a critical deadlock, with U.S. President Donald Trump rejecting Tehrans latest proposal aimed at ending the two-month war. The geopolitical tensions between the...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth

T-Mobile US Inc. (NASDAQ: TMUS) delivered a strong first-quarter performance, surpassing analyst expectations thanks to robust postpaid subscriber growth and rising service revenues. The wireless carrier reported adjusted...

Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook

Seagate Technology PLC (NASDAQ: STX) delivered impressive third-quarter results that surpassed Wall Street expectations, driving a sharp rise in its stock price. The data storage leader reported adjusted earnings per share...

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...