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FxWirePro: The Day Ahead- 10th November, 2016

Nov 10, 2016 05:11 am UTC| Commentary Economy

Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Data Released so far: Australia: Consumer inflation expectations declined to 3.2 percent in November...

RBNZ cuts OCR by 25 bps to new record low, likely to keep for some time

Nov 10, 2016 04:49 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand lowered its Official Cash Rate today by 25 basis points to 1.75 percent, a new record low. It appears that the central bank is expected to keep the key rate at this level for some time...

Asian markets turn positive again, gold rises around 1 pct to $1,286

Nov 10, 2016 02:52 am UTC| Commentary

All the major Asian indices erase previous loss and trading on a positive note on the Thursday. Gold and silver were trading marginally higher in early hours of Asia. Gold was trading around $1,287 while silver was trading...

Mexican Peso attempts recovery from fresh historical lows, likely to remain under heavy pressure

Nov 09, 2016 16:38 pm UTC| Commentary

Trumps threats to scrap up a free trade agreement with Mexico and tax money sent home by migrants to pay for building a wall on the southern U.S. border have made the peso particularly reactive to events in the U.S....

Despite near-term volatility, USD-RMB likely to resume gradual upward drift

Nov 09, 2016 16:28 pm UTC| Commentary

Surprise Trump-victory is likely to be associated with risk of substantial volatility in global markets and additional deprecation pressures on the RMB. As a reflection of risk-off sentiment in global markets, the USD will...

Riksbank minutes signal more easing, surprise Trump-victory unlikely to alter the view

Nov 09, 2016 15:44 pm UTC| Commentary

Riksbank released minutes of the monetary policy meeting held on 26 October when members unanimously held rates on hold. The minutes showed that the Executive Board is concerned over the inflation outlook and that more...

Japan's Economy Watchers survey index ticks higher in October

Nov 09, 2016 14:57 pm UTC| Commentary

Japan Economy Watchers survey index, a closely watched Japanese sentiment survey increased to 49.30 in October from 44.80 in September, Japans Cabinet Office reported on Tuesday. The survey has averaged 44.54 between 2000...

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Economy

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Volatility

Russian stocks finished Saturdays trading session slightly lower overall, with the MOEX Russia Index closing flat at 0.00% in Moscow. Market performance was mixed, as gains in select heavyweight stocks were offset by...

China Industrial Profits Slump Signals Need for More Economic Stimulus

Profits at Chinas industrial firms fell sharply in November, marking the fastest year-on-year decline in more than a year and underscoring the fragile state of the countrys economic recovery. According to data released by...

Japan to Audit Brazil’s Beef System, Paving Way for Market Access

Japan is set to conduct a comprehensive audit of Brazils beef sanitary system in March 2026, marking a significant step toward the possible opening of Japans lucrative beef market to Brazilian beef exports. The...

Wall Street Ends Post-Christmas Session Flat as Investors Eye Santa Claus Rally

Wall Street finished a light-volume, post-Christmas trading session nearly unchanged on Friday, as investors found little fresh news to drive strong market conviction. After a solid five-session rally, all three major U.S....

Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023

Argentinas Congress has approved the countrys 2026 national budget, marking the first budget bill passed by legislators since President Javier Milei assumed office in late 2023. The budget was approved on Friday by a vote...

Politics

Zelenskiy and Trump Meet in Florida as Ukraine Peace Talks Face Major Hurdles

Ukrainian President Volodymyr Zelenskiy is set to meet U.S. President Donald Trump in Florida on Sunday in a high-stakes effort to advance a U.S.-brokered plan to end the war in Ukraine. The talks come amid intensified...

Kosovo Heads to Early Parliamentary Election Amid Prolonged Political Deadlock

Kosovo is set to hold a crucial parliamentary election on Sunday as Prime Minister Albin Kurti and his nationalist Vetevendosje party attempt to secure a governing majority and resolve a year-long political stalemate that...

Myanmar Election 2025 Faces Global Scrutiny Amid Civil War and Political Repression

Voters in Myanmar began casting ballots in a highly controversial general election on Sunday, marking the first nationwide polls since the military coup that overthrew the elected civilian government in 2021. The election,...

Bolsonaro Undergoes Phrenic Nerve Block Procedure After Surgery-Related Complications

Brazils former President Jair Bolsonaro underwent a phrenic nerve block procedure on Saturday as doctors worked to treat persistent hiccups that developed following recent surgery, according to statements from his wife,...

Canada Announces $2.5 Billion Economic Aid Package to Support Ukraine’s Financial Stability

Canadian Prime Minister Mark Carney announced on Saturday that Canada will provide an additional $2.5 billion in economic aid to Ukraine, reinforcing the countrys ongoing support amid the prolonged conflict with Russia....

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...