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Improving Eurozone economic data likely to finally boost EUR over coming months, says Scotiabank

May 10, 2019 06:18 am UTC| Commentary Economy

Improving Eurozone economic data could finally boost the EUR in the coming months, which will be supportive of the SGD and CNH as well if the US and China reach a trade deal, according to the latest research report from...

FxWirePro: Gold in position to rally on either outcome in Sino-American trade negotiations

May 10, 2019 06:08 am UTC| Commentary

Deal or no deal! The gold is in a position to rally on either of the outcomes. President Trump brought the focus of the market on Sino-American trade negotiations this week, when he tweeted last weekend that...

FxWirePro: Asian markets mixed, gold touches $1,286 mark

May 10, 2019 04:58 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Friday. Gold was trading around $1,286 mark while silver was trading around $14.72 mark. Japans Nikkei was trading 0.65 pct lower at 21,263.49...

FxWirePro: The Day Ahead- 10th May 2019

May 10, 2019 04:34 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Upcoming: Germany: March trade balance report due at 6:00 GMT. France: March industrial output and...

Australian bonds flat after RBA downgrades GDP, inflation forecasts for this year; labour market to be closely eyed

May 10, 2019 04:12 am UTC| Commentary Economy

Australian government bonds remained flat on the last trading day of the week Friday after the Reserve Bank of Australia (RBA) downgraded its economic forecasts for the countrys gross domestic product (GDP) and inflation...

U.S. consumer price inflation likely accelerated in April, core rate to have remained soft

May 09, 2019 19:08 pm UTC| Commentary

U.S. April consumer price inflation data is set to release tomorrow. According to a TD Economics research report, the headline inflation is likely to have accelerated two tenths to 2.1 percent, owing to a solid 0.4 percent...

Canadian jobless rate likely to have risen to 5.9 pct in April, job losses of 10k expected

May 09, 2019 18:28 pm UTC| Commentary

Canadian employment data for the month of April is set to release tomorrow. According to a TD Economics research report, the economy is likely to have given back 10k jobs, which might help nudge the rate lower after...

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Economy

Viksit Bharat 2026: Fiscal Muscle, Factory Revival, and the War on Speculation

Finance Minister Nirmala Sitharamans Union Budget 202627 pursues the Viksit Bharat vision vigorously by combining severe fiscal discipline with a huge growth push. Driven by a 7% GDP growth objective and a lowered fiscal...

EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects

Across Spains olive groves and vineyards, sensors and drones funded by the European Unions massive post-pandemic recovery plan are collecting soil data to power AI-driven farming. These projects reflect the core ambition...

Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors

Asian share markets opened the week on a cautious note, largely tracking weaker Wall Street futures, as extreme volatility in silver prices and a packed global economic calendar unsettled investors. The sharp moves in...

India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations

Indias latest Union Budget placed manufacturing firmly at the center of its economic strategy, prioritizing key sectors such as semiconductors, biopharma, electronics, renewables, and capital goods. While the government...

Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry

British Prime Minister Keir Starmers recent visit to China underscores the complex balancing act Western middle powers are attempting as rivalry between Beijing and Washington intensifies. While the trip allowed China to...

Politics

Trump Says U.S.–Iran Talks Continue as Military Tensions Remain High

U.S. President Donald Trump said on Monday that diplomatic talks between the United States and Iran are ongoing, even as military tensions between the two countries remain elevated. Speaking to reporters at the White...

Russia Warns Foreign Troop Deployment in Ukraine Would Be Treated as Legitimate Military Targets

Russia has issued a strong warning that any deployment of foreign military forces or infrastructure in Ukraine would be considered direct foreign intervention and treated as legitimate military targets. The statement was...

Medvedev Warns World Is Growing More Dangerous but Says Russia Seeks to Avoid Global Conflict

Dmitry Medvedev, Russias deputy chairman of the Security Council and a senior Kremlin security official, has warned that the global situation is becoming increasingly dangerous, while stressing that Russia does not want a...

Laura Fernandez Set to Become Costa Rica’s Next President, Promising Sweeping Political Change

Laura Fernandez is poised to become Costa Ricas next president, marking a significant political shift as she pledges to continue and deepen the populist agenda of outgoing President Rodrigo Chaves. Her victory signals a...

Peter Mandelson Resigns from Labour Party Amid Renewed Jeffrey Epstein Links

Former British government minister Peter Mandelson has resigned from Prime Minister Keir Starmers Labour Party following renewed media scrutiny over his past connections to disgraced U.S. financier Jeffrey Epstein. The...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure

Oracle has announced plans to raise between $45 billion and $50 billion in 2026 as it accelerates the expansion of its cloud infrastructure to meet surging demand from major technology and artificial intelligence clients....

SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers

Elon Musks SpaceX is seeking approval from the U.S. Federal Communications Commission (FCC) for an ambitious plan to launch up to 1 million satellites into Earths orbit, aiming to harness solar energy in space to power AI...

Nvidia Confirms Major OpenAI Investment Amid AI Funding Race

Nvidia CEO Jensen Huang has confirmed that the chipmaking giant plans to make a massive investment in OpenAI, calling it likely the largest investment Nvidia has ever made. Speaking to reporters in Taipei, Huang dismissed...

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...
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