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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

Ukraine Faces $56 Billion Budget Gap as War Costs Soar

Ukraine is confronting a deepening budget crisis as Russian attacks cripple major industries, reduce tax revenues and drive the cost of fighting the war sharply higher. Kryvyi Rih, the hometown of President Volodymyr...

Thailand Plans Dual-Class Shares to Revive IPO Market

Thailands Stock Exchange plans to introduce a dual-class share structure by 2027, aiming to attract more companies to the countrys struggling IPO market while allowing founders to retain greater control over their...

India-US Trade Deal Talks Hit Plateau, Sitharaman Says

India and the United States have reached a difficult stage in negotiations over a long-awaited trade agreement, with little room left for either side to make additional concessions, Indian Finance Minister Nirmala...

Europe EV Sales Hit Record as Affordable Models Boost Demand

Europes electric vehicle market is accelerating in 2026, with record sales and a growing range of affordable models helping automakers meet stricter European Union emissions targets, according to a new study. Electric...

RBI Rate Hike Bets Surge as Inflation Rises

Investors are increasingly betting that the Reserve Bank of India will raise interest rates this week as inflation accelerates, economic growth remains strong and major global central banks adopt more hawkish policies. A...

Politics

Ukraine to Intensify Strikes on Russian Oil Refineries

Ukrainian President Volodymyr Zelenskiy said Kyiv will intensify attacks on Russian oil refineries in response to Moscows expanding air campaign against Ukrainian cities, while stressing that Ukraine will not deliberately...

Takaichi Pledges to Control Japan Bond Issuance

Japanese Prime Minister Sanae Takaichi pledged Monday to control government bond issuance and respond quickly to market volatility as rising yields intensify concerns over Japans public finances. In a policy speech to...

Australia Probes Flydubai Co-Pilot’s Links After FZ1073 Hijack Attempt

Australian counterterrorism authorities are investigating the local connections of the flydubai co-pilot accused of attacking the captain and attempting to seize control of flight FZ1073. The Victorian Joint Counter...

OPEC+ Keeps November Oil Output Targets Steady

OPEC+ has agreed to maintain its existing oil production targets for November, keeping supply policy unchanged as Middle East disruptions continue to limit actual output from several major producers. Seven core OPEC+...

Yemen Launches Major Offensive to Retake Houthi-Held Areas

Yemens Saudi-backed government announced Sunday a major military campaign aimed at recapturing territory controlled by the Iran-aligned Houthis, escalating a conflict increasingly linked to the wider Middle East war....

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

Huawei, Qualcomm Sign Multi-Year AI and 5G Patent Deal

Chinas Huawei Technologies has reached a broad multi-year patent licensing agreement with Qualcomm covering key technologies including artificial intelligence, 5G, computing and networking, strengthening the companies...

Zcash NU7 Testnet Cuts Block Time to 25 Seconds

Zcash has activated its NU7 network upgrade on the public testnet, reducing the targeted time between transaction blocks from 75 seconds to 25 seconds as developers prepare for a potential November mainnet launch. NU7 went...

Firmus Grid IPO Draws Strong Demand, Nvidia and Blackstone Could Raise Stakes

Australian data centre operator Firmus Grid plans to reserve roughly half of the shares in its initial public offering for existing investors, potentially giving Nvidia and Blackstone an opportunity to increase their...

UK Warned Over Growing Reliance on US Cloud Providers

Britains increasing dependence on U.S. cloud computing companies for critical government services could create a major strategic and economic vulnerability, lawmakers have warned, raising concerns about data sovereignty...

AI Agents Could Disrupt Financial Services, Bernstein Says

Consumer AI agents could reshape financial services by reducing customer inertia and making it easier to switch between financial products, although trust, data access and regulatory hurdles may slow adoption, according to...