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Fitch likely to downgrade Hungary’s sovereign rating on weak fiscal balance

May 20, 2016 11:36 am UTC| Commentary

Fitch Ratings is likely to release its review of Hungarys sovereign rating later today. The current rating is BB+, which seems to be downgraded, given the countrys weak structural fiscal balance maid government plans to...

FX Hedging Strategy Series

FxWirePro: Bid 1m EUR/CHF risk reversal - strangles shorts back in action as OTC looks quite

May 20, 2016 11:24 am UTC| Commentary

Market Outlook: Less Volatile IVs of EURCHF ATM contracts have still been lacklustre, 4.55% for 1W expiry (the least among G20 currency space). and doesnt seem to have drastic change in near terms that would never...

NZD/USD likely to move towards 0.70 in short term and towards 0.64 by 2016-end

May 20, 2016 10:36 am UTC| Commentary

In mid-April of this year, the NZD/USD pair rose to 0.7054, an 11-month high, as the likelihood of a near term interest rate rise by the US Fed continued to diminish. But since then, outlook of decelerating growth in...

U.K Gilts plunge on firm risk appetite

May 20, 2016 10:34 am UTC| Commentary

The U.K Gilts plunged on Friday as investors cooled on safe-haven assets amid gains in riskier instruments includingcrude oil futures and equities. The yield on the benchmark 10-year bonds rose 3bps to 1.470pct and the...

EUR/USD face certain downside risks in near term

May 20, 2016 10:20 am UTC| Commentary

In the first quarter, the US economic growth weakened; however, there are signals that the growth is rebounding the second quarter mainly with the help of private consumption. Manufacturing, in the mean time has stabilized...

Kristine Forbes not in favor of blaming Brexit for weakness

May 20, 2016 10:08 am UTC| Commentary

UK economy just grew 0.4% in first quarter of 2016, compared to 0.6% in the previous one but Kristine Forbes, member of monetary policy committee (MPC) of Bank of England, is not ready to blame next months referendum to...

European bonds mixed in quiet trade

May 20, 2016 09:49 am UTC| Commentary

The European bonds trade mixed on Friday as investors receives no more important data or events for the direction on the last day. On the contrary, future course in bond prices are likely to be ruled by the movements in...

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Economy

US Treasury Yields Ease After Strong 10-Year Auction as Global Bonds Struggle

U.S. Treasury yields finished moderately higher Wednesday but retreated sharply from session peaks after a strong 10-year note auction boosted demand for government debt, while European bond markets faced heavier selling...

Gold Prices Rise as Hormuz Tensions Fuel Inflation Risks

Gold prices moved higher on Thursday, recovering from their lowest level since early August as renewed tensions around the Strait of Hormuz increased concerns over energy supplies and inflation. Expectations that the...

Oil Prices Rise as Gulf Hurricane and Middle East Supply Risks Mount

Oil prices climbed on Thursday as traders assessed potential supply disruptions from a strengthening storm along the U.S. Gulf Coast and persistent geopolitical tensions in the Middle East. Brent crude futures for December...

US-Led Coalition Targets Global Factory Overcapacity

Trade ministers from 12 G20 nations, the European Union and Poland have backed a US-led initiative aimed at tackling structural excess factory capacity and trade-distorting policies that contribute to global...

Mike Rogers Calls for End to US-Canada Tariff War

Michigan Republican Senate candidate Mike Rogers is calling for an immediate end to the US-Canada tariff dispute, distancing himself from President Donald Trump on another major policy issue ahead of next months election....

Politics

US Pressures Allies to Distance From Anti-Disinformation Conference

The US State Department urged Canada and European allies to distance themselves from an anti-disinformation conference after organizers included a panel examining whether the United States poses an information manipulation...

Hegseth Praises USS Abraham Lincoln Crew After Record Iran War Deployment

US Defense Secretary Pete Hegseth praised sailors aboard the USS Abraham Lincoln on Wednesday as the aircraft carrier completed an extended wartime deployment marked by intense combat operations and concerns over crew...

Tsai Warns of China’s Sustained Pressure on Taiwan

Former Taiwan President Tsai Ing-wen warned a U.S. audience on Wednesday that China is maintaining sustained pressure on Taiwan through military, cyber and economic activities designed to reshape the islands security...

Trump Backs Florida Golf Course as Presidential Retreat

US President Donald Trump on Wednesday endorsed a proposal to transform part of his West Palm Beach, Florida, golf course into a secure presidential retreat similar to Camp David. Its a great idea, and it will be used a...

Saudi Airport Attacks Kill Three as Yemen Fighting Escalates

Three people were killed and dozens wounded in attacks on airports in Saudi Arabia as escalating fighting between Yemens Iran-aligned Houthis and Saudi-backed government forces threatens regional aviation and key shipping...

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

Solidigm Taps Goldman, Morgan Stanley for $10 Billion US IPO

SK hynixs U.S. flash-memory subsidiary Solidigm has reportedly selected Goldman Sachs and Morgan Stanley as lead underwriters for a planned initial public offering that could raise around $10 billion. Bloomberg News...

Samsung Q3 Profit Hits Record High on AI Memory Demand

Samsung Electronics forecast its strongest-ever third-quarter operating profit as booming artificial intelligence demand continued to fuel sales of advanced memory chips, although earnings landed slightly below the higher...

Broadcom, Oracle and SpaceX Seek Billions in Private Debt for AI Expansion

Major artificial intelligence companies are increasingly turning to private debt markets to finance tens of billions of dollars in AI chips and data center infrastructure, as traditional funding sources struggle to keep...

TikTok Accused of Testing Fake Safety Tools on Users

TikTok allegedly gave thousands of users, including children and teenagers, non-functional versions of safety features as part of experiments on its platform, according to newly unsealed claims in a New York lawsuit. New...

Micron Shares Rise 4% Despite Taiwan Strike Risk

Micron Technology shares reversed early losses on Wednesday, climbing nearly 4% as investors appeared to shrug off concerns about a potential worker strike at one of the chipmakers major manufacturing operations in Taiwan....
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