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FxWirePro: The Day Ahead- 16th August 2017

Aug 16, 2017 03:56 am UTC| Commentary Economy Central Banks

Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: Australia: Leading economic index down 0.1 percent in July, up 0.5 percent in the second...

Australian bonds slump following weakness in U.S. Treasuries after upbeat retail sales

Aug 16, 2017 02:44 am UTC| Commentary Economy

The Australian bonds slumped Wednesday as the yield on benchmark US 10-year bonds climbed, rising 6 basis points to 2.27% after Julys US advance retail sales data surprised to the upside. The yield on the benchmark...

EUR/USD pair likely to trade around 1.22 by end-2018, says Lloyds Bank

Aug 15, 2017 22:57 pm UTC| Commentary

Since June, the euro has been amongst the best-performing developed market currencies, appreciating more than 3 percent against the U.S. dollar, noted Lloyds Bank in a research report. Central bank policy, along with...

South Korean economy likely to expand 3 pct in 2017, BoK expected to keep rates on hold - ANZ

Aug 15, 2017 22:35 pm UTC| Commentary

The South Korean economic growth is expected to rebound in 2017. According to an ANZ research report, the GDP growth is likely to improve to 3 percent this year before easing to 2.9 percent next year. Meanwhile, inflation...

Czech economic growth likely to have remained stable in Q2, full year growth likely to reach 3.1 pct

Aug 15, 2017 22:33 pm UTC| Commentary

In the first quarter of this year, the Czech economy had grown 1.5 percent quarter-on-quarter and 3 percent year-on-year following a recent revision. According to an Erste Group Research report, the Czech economic growth...

Swedish inflation rises above expectations in July, Riksbank to remain dovish despite higher figures

Aug 15, 2017 22:15 pm UTC| Commentary

The Swedish inflation, gauged by CPIF, came in higher than anticipated and much above the Riksbanks forecast in July. The CPIF-inflation came in at 2.35 percent year-on-year, as compared with the central banks forecast at...

German economy grows strongly in Q2 on domestic demand, likely to grow 2 pct in 2017

Aug 15, 2017 21:38 pm UTC| Commentary

The German economy grew again in the second quarter of this year. The GDP grew 0.6 percent quarter-on-quarter, mainly driven by the domestic demand. According to a Nordea Bank research report, the economic outlook of...

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Economy

Nasdaq Futures Jump as Micron Earnings Boost AI Trade

U.S. stock futures climbed Thursday, led by a sharp rise in Nasdaq futures after strong earnings and guidance from Micron Technology reinforced investor confidence in artificial intelligence-driven chip demand. Wall Street...

South Korea Exports Surge 83.5% on AI Chip Boom

South Korean exports surged far more than expected in September, driving the countrys trade surplus higher as strong global demand for artificial intelligence chips and electronics continued to support Asias fourth-largest...

Oil Prices Steady as Middle East Crude Flows Recover

Oil prices were largely stable in Asian trading on Thursday as investors assessed recovering Middle East crude exports against persistent risks to regional supplies and uncertainty surrounding Iran-U.S. ceasefire talks....

Asian Stocks Rise as Chipmakers Rally on Micron Earnings

Asian stocks mostly advanced on Thursday, led by a sharp rally in Japanese semiconductor shares after upbeat Micron Technology earnings. Softer U.S. inflation data also supported sentiment by reducing expectations for...

Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets

Gold prices were largely unchanged on Thursday after suffering a 6% decline in September, as softer U.S. inflation data lowered expectations for another Federal Reserve interest rate hike. However, elevated Treasury yields...

Politics

Netanyahu Vows Probe Into Foiled Flydubai Crash Attempt

Israeli Prime Minister Benjamin Netanyahu said Israel intends to determine the full circumstances surrounding an alleged attempt by a co-pilot to crash a flydubai flight bound for Tel Aviv, including whether the incident...

Trump Praises Boeing 737 Max After Flydubai Crash Attempt

U.S. President Donald Trump praised Boeings 737 Max on Thursday, highlighting the aircrafts durability after the model survived an attempted crash involving a Flydubai flight bound for Tel Aviv. Trump said the Boeing 737...

US Officials See China Taiwan Invasion Before 2028 as Less Likely

U.S. officials increasingly believe China is unlikely to invade Taiwan before 2028, despite Chinese President Xi Jinpings reported directive for the Peoples Liberation Army to be capable of taking the island by force by...

US Conducts Non-Nuclear Explosion Test to Boost Nuclear Detection

The US National Nuclear Security Administration (NNSA) conducted a subsurface, non-nuclear high-explosive experiment in Nevada on Wednesday as part of efforts to strengthen the countrys ability to detect low-yield nuclear...

Russia Warns NATO of Nuclear Response Over Kaliningrad

Russia has warned NATO that it could use nuclear weapons if alliance members attempt to isolate Kaliningrad, escalating tensions between Moscow and the West amid the ongoing war in Ukraine. In a diplomatic note sent to...

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

DogeOS Launches Testnet to Bring DeFi Apps to Dogecoin

DogeOS has launched a public testnet designed to bring Ethereum-style decentralized finance applications to Dogecoin, potentially expanding DOGEs utility beyond payments and price speculation. The Ethereum-compatible...

Tencent Signs $7 Billion Oracle AI Chip Lease Deal

Tencent has signed a $7 billion agreement with Oracle to access roughly 100,000 advanced artificial intelligence chips, marking a major expansion of the Chinese technology giants AI infrastructure, according to the...

Micron Forecast Tops Estimates as AI Memory Demand Stays Strong

Micron Technology delivered a stronger-than-expected fiscal first-quarter 2027 outlook, supported by robust demand for memory chips used in artificial intelligence infrastructure, although signs of slowing earnings growth...

DeepSeek, Huawei Partner on Ascend AI Chip Programming Tools

DeepSeek has partnered with Huawei Technologies to develop new programming tools for Huaweis Ascend AI chips, strengthening Chinas efforts to build domestic alternatives to Nvidia hardware. DeepSeek said Wednesday in a...

Apple iPhone 18 Pro Sales Jump 12% in China

Apples iPhone 18 Pro series delivered a strong debut in China, with first-week sales rising 12% from a year earlier and helping the technology giant secure the top position in the countrys smartphone market, according to...