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Currency snapshot (commodity pairs)

Jun 15, 2016 13:33 pm UTC| Commentary

Dollar index trading at 94.85 (-0.05%) Strength meter (today so far) Aussie +0.54%, Kiwi +0.55%, Loonie -0.18% Strength meter (since last week) Aussie +0.38%, Kiwi -0.30%, Loonie -0.86% AUD/USD Trading at...

Polish zloty volatility spikes to 3-year high as fear of Brexit hits EM assets

Jun 15, 2016 13:32 pm UTC| Commentary

Poland, central Europes biggest market, is expected to be the hardest hit, in the event of a vote to leave at the referendum on June 23. Around 1.5 million Eastern Europeans, especially Poles, live in Britain and the...

Currency snapshot (major pairs)

Jun 15, 2016 13:18 pm UTC| Commentary

Dollar index trading at 94.78 (-0.12%) Strength meter (today so far) Euro +0.16%, Franc -0.02%, Yen -0.08%, GBP +0.33% Strength meter (since last week) Euro +0.41%, Franc -0.27%, Yen +0.54%, GBP +0.11% EUR/USD...

Korean won likely to face resistance on worries over Brexit, BoK’s surprise rate cut

Jun 15, 2016 13:14 pm UTC| Commentary

The South Korean won is likely to remain under pressure due to continuing risk-off ahead of the Brexit referendum next week. At the same time, the BoKs (Bank on Koreas) surprise rate cut last week coupled with narrowing...

Canadian bonds nearly flat ahead of Fed statement

Jun 15, 2016 13:12 pm UTC| Commentary

The Canadian bonds traded nearly flat on Wednesday as investors awaited for Fed policy decision and Fed Chair Yellens post-statement press conference. The yield on the benchmark 10-year bonds which moves inversely to...

Euro area inflation likely to grow significantly in H2 2016

Jun 15, 2016 13:08 pm UTC| Commentary

Euro area has been recording negative inflation for four months. However, inflation is likely to accelerate considerably in the remainder of 2016, said Danske Bank in a research report. We look for inflation at 1.0...

Brexit likely to trigger serious implications for UK, EU

Jun 15, 2016 13:05 pm UTC| Commentary

The United Kingdoms referendum is likely to pave new directions for both the UK and European Union. Besides, it shall posit serious implications for other major economies. If the leavecampwins on June 23, this could mean...

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Economy

Wall Street Falls as Fed Minutes Signal Another Rate Hike

Wall Street ended lower on Wednesday, snapping a four-session winning streak as investors weighed rising Treasury yields, volatile oil prices and Federal Reserve minutes pointing to another potential interest rate hike...

Gold Prices Fall as Fed Signals Another Rate Hike

Gold prices trimmed some losses on Wednesday after Federal Reserve minutes showed that most U.S. policymakers expect another interest rate hike before the end of the year, reinforcing concerns over higher borrowing costs....

US Dollar Hits 18-Month High as Fed Signals More Rate Hikes

The U.S. dollar climbed to a nearly 18-month high on Wednesday as Federal Reserve minutes signaled another interest rate hike could come before year-end, while weakness in the euro and British pound provided additional...

Deere, CNH and AGCO Stocks Fall as FTC Launches Farm Equipment Probe

Shares of major U.S. agricultural machinery manufacturers fell sharply Wednesday after federal regulators launched a broad investigation into business practices across the farm equipment industry. Deere Company shares...

Crypto Market Selloff Wipes Out $100B as Bitcoin Falls Below $83K

The crypto market extended its selloff on Wednesday, wiping out more than $100 billion in value over 24 hours and pushing total market capitalization back to around $2.9 trillion. Despite the decline, investor sentiment...

Politics

Houthis Strike Aden Airport as Yemen Fighting Escalates

Houthi forces launched ballistic missiles and explosive drones at Aden International Airport early Wednesday as fighting intensified between the Iran-aligned group and Yemens Saudi-backed government. Yemens Transport...

Rapidus Seeks Chip Customers as Japan Pushes 2nm Semiconductor Revival

Japans Rapidus is expanding partnerships with global chip design companies as the state-backed semiconductor manufacturer races to secure customers for its planned 2-nanometre production facility. Backed by roughly $15...

Vance Demands Iran Cut Nuclear Enrichment to End War

US Vice President JD Vance said Iran must significantly reduce its nuclear enrichment capacity before Washington will agree to end the seven-month US-Iran war, stressing that concrete action rather than diplomatic...

North Korea Slams US Taiwan Arms Sales, Reaffirms Russia Support

North Korea has criticized the United States for supplying weapons and military support to Taiwan, accusing Washington of increasing tensions across the Taiwan Strait as Pyongyang also reaffirmed its backing for Russia. In...

Iran Tanker Attacks Surge as Hormuz Oil Flows Near Prewar Levels

Iran has intensified attacks on tankers in the Strait of Hormuz even as oil shipments through the crucial waterway recover toward levels seen before the war, raising fresh concerns over Middle East energy security. UK...

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

Florida Seeks Tougher Meta Rules to Protect Young Users

Florida is asking a state judge to impose stricter protections for young Instagram and Facebook users as it moves forward with its lawsuit against Meta Platforms, rejecting a broader settlement accepted by dozens of other...

DogecoinVM Makes DOGE Transactions 300x Faster

Fintech company Metallicus has launched an alpha version of DogecoinVM on mainnet, introducing a payment layer designed to make Dogecoin transactions significantly faster without altering the cryptocurrencys underlying...

Zcash Privacy Demand Rises as AI Exposes Bitcoin Transactions

Zcash is gaining renewed attention as artificial intelligence makes it easier to trace Bitcoin transactions and connect public wallet activity with real-world identities, strengthening demand for privacy-focused...

Intel Reaffirms Role in Elon Musk’s Terafab Chip Project

Intel will continue working with Elon Musk on the ambitious Terafab semiconductor project, CEO Lip-Bu Tan said, reaffirming the U.S. chipmakers role despite speculation that Taiwan Semiconductor Manufacturing Co. (TSMC)...

LG Electronics Shares Slide as Q3 Profit Misses Estimates

LG Electronics shares dropped sharply on Wednesday after the South Korean technology giant reported preliminary third-quarter operating profit that fell short of market expectations, despite delivering solid year-on-year...
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