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Currency snapshot (major pairs)

Aug 31, 2017 14:33 pm UTC| Commentary

Dollar index trading at 93.04 (+0.20%) Strength meter (today so far) Euro -0.24%, Franc -0.12%, Yen +0.16%, GBP -0.35% Strength meter (since last week) Euro -0.45%, Franc -1.08%, Yen -0.87%, GBP -0.02% EUR/USD...

FxWirePro: Mark your calendars for China Communist Party congress on October 18th

Aug 31, 2017 14:08 pm UTC| Commentary

According to Xinhua news agency, which is the official mouth piece of Chinese Communist Party, the Partys 19th Congress would convene on October 18th that will mark the end of Chinese President Xi Jinpings first five-year...

FxWirePro: U.S. Natural gas inventory preview

Aug 31, 2017 13:51 pm UTC| Commentary

Natural gas is currently trading at $2.92 per MMBtu. Key factors at play in natural gas market Russia and the United States are set to fight for market share in Asia and in Europe. After an initial bullish...

Oil in Global Economy Series

Oil in Global Economy Series: Massive backwardation in Gasoline market, thanks to Hurricane Harvey

Aug 31, 2017 13:40 pm UTC| Commentary

Hurricane Harvey that battered the Texas coast and Louisiana with heavy winds and torrential rains, has pushed the U.S. gasoline market into a severe backwardation as the country suffers supply shortages. It is being...

Oil in Global Economy Series

Oil in Global Economy Series: U.S. makes emergency release from SPR to battle Harvey fall out

Aug 31, 2017 13:17 pm UTC| Commentary

United States department of energy has authorized the release of half a million barrels of crude oil from Strategic Petroleum Reserve (SPR) in the wake of the disaster caused by Hurricane Harvey in Texas and some parts of...

Briferendum Aftermath Series

Brexit Series: No decisive progress on Brexit negotiations after third round of talks

Aug 31, 2017 12:41 pm UTC| Commentary

The European Unions top Brexit negotiator Michael Barnier said during a press conference at the conclusion of the third round of talks on Thursday that no decisive progress has been made so far. Speaking alongside his UK...

Oil in Global Economy Series

Oil in Global Economy Series: U.S. refinery capacity shut down hits 3.9 million barrels per day

Aug 31, 2017 12:16 pm UTC| Commentary

According to latest reports, the skies are clearing over Houston but the massive damage done by Hurricane Harvey is not going to be mitigated very easily. One of the most serious threats has been shutting down of oil...

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Economy

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Wall Street Futures Rise as Trump Discusses Iran’s Hormuz Strait Proposal and Tech Earnings Loom

Wall Street futures moved slightly higher on Monday evening after major U.S. stock indexes reached new record highs, reflecting cautious optimism among investors. SP 500 Futures climbed 0.2% to 7,217.0 points, while Nasdaq...

BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns

The Bank of Japan (BOJ) decided to keep its benchmark interest rate unchanged at 0.75% following its latest two-day monetary policy meeting, a move that aligned with market expectations. However, the decision revealed a...

Politics

King Charles Addresses U.S. Congress, Emphasizes UK-US Alliance Amid Political Tensions

Britains King Charles III is set to deliver a historic address to the U.S. Congress on Tuesday, reinforcing the long-standing special relationship between the United Kingdom and the United States. The speech comes at a...

Trump Skeptical of Iran Hormuz Proposal as Nuclear Talks Stall

U.S. President Donald Trump and his national security team remain doubtful about Irans recent proposal to reopen the Strait of Hormuz while delaying discussions on its nuclear program, according to a Wall Street Journal...

White House Withdraws Trump’s National Park Service Nominee Amid Criticism

The White House has officially withdrawn President Donald Trumps nomination of Scott Socha to lead the National Park Service (NPS), more than two months after it was submitted to the U.S. Senate. The administration did not...

Trump Administration Dismisses Entire National Science Board, Sparking Debate Over Scientific Independence

The Trump administration has removed all members of the National Science Board, a major advisory group that oversees the National Science Foundation (NSF), according to statements from two former board members. The...

Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal aimed at resolving the ongoing two-month conflict, according to a U.S. official. The development has reduced hopes for a near-term...

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

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...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...

DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals

Chinese artificial intelligence startup DeepSeek has significantly reduced pricing for its latest AI models, signaling a more aggressive push in the rapidly evolving AI services market. The company announced that it has...