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Fri, Oct 09, 2026 06:43 PM All times are UTC

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Zloty weakness to extend over S&P downgrade and negative market sentiment

Jan 19, 2016 16:13 pm UTC| Commentary

SP downgraded Polands foreign credit rating by a notch to BBB+ with a negative outlook from A- with a positive outlook on Friday, Jan 15th. On the same day, Fitch affirmed its rating for Poland at A- with a stable outlook...

Dovish ECB rhetoric likely to weigh on Euro

Jan 19, 2016 15:30 pm UTC| Commentary Central Banks

ECB is widely expected to remain unchanged at its January meeting and press conference (Thursday), but dovish rhetoric is likely to exert downward pressure on the currency. Tightening in financial conditions that has...

China Crisis Series

Capital controls—a less likely option for PBoC

Jan 19, 2016 15:12 pm UTC| Commentary Central Banks

Echoing elevated market volatility, Chinas FX reserves posted their largest single monthly decline in December, supporting sustained capital flight. Given its falling reserves, the PBoC is now seen with limited ability to...

Sharp decline of China's FX reserves may limit PBoC's ability to reverse market sentiment

Jan 19, 2016 14:44 pm UTC| Commentary

Following a mid-August 2015 devaluation, the PBoC burned through Chinese currency reserves to boost the Yuans value, which had fallen further than the bank wanted. China has continued to expend FX reserves at a fast...

Renminbi Series

China Crisis Series

Who will suffer from Renminbi depreciation?

Jan 19, 2016 13:35 pm UTC| Commentary

We, at FxWirePro, have been arguing significant depreciation in Renminbi, while could be good for Chinas slowing economy, it may not bear well for global economic growth. China has a ready export oriented economy, so will...

Risk perception review (credit investors) -

Jan 19, 2016 12:50 pm UTC| Commentary

According to latest survey by Bank of America Merrill Lynch (BofAML), credit investors are most worried over China. While in November Survey it showed little less than 60% were worried over China, now almost 8 in 10...

UK core inflation seen on gradual upward trend

Jan 19, 2016 12:22 pm UTC| Commentary

United Kingdom December headline CPI increased to 0.2 percent y/y from 0.1 percent y/y in November, in line with consensus. December Core CPI data was slightly stronger than forecast as it continued to surprise for the...

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Economy

Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers

Asian stock markets traded unevenly on Friday as semiconductor shares declined following fresh concerns about OpenAIs revenue outlook, while rising oil prices and volatile bond markets weighed on investor sentiment. The...

Gold Prices Rise as Dollar Weakens, Treasury Yields Fall

Gold prices climbed during Asian trading on Friday, supported by a weaker U.S. dollar and falling Treasury yields, as investors assessed inflation concerns driven by rising oil prices and expectations of further Federal...

Asian Currencies Steady as Dollar Eyes Fourth Weekly Gain

Asian currencies traded largely flat on Friday as the U.S. dollar headed for its fourth consecutive weekly gain, supported by expectations that the Federal Reserve could raise interest rates again before the end of 2026....

US, EU Push for Action Against Asia’s Excess Factory Capacity

U.S. Trade Representative Jamieson Greer said Thursday that European Union countries have reached a broad consensus on the need to address global manufacturing overcapacity, particularly in Asia, as concerns grow over its...

Wall Street Falls as Oil Prices Rise and Tech Stocks Slide

Wall Street stocks declined for a second consecutive session on Thursday as rising oil prices, Treasury market volatility, and concerns over OpenAIs revenue outlook weighed on investor sentiment. At 13:07 ET, the SP 500...

Politics

Ripple Chairman Chris Larsen Donates $22.5 Million Ahead of US Midterms

Ripple Executive Chairman Chris Larsen has contributed at least $22.5 million to federal candidates and political action committees (PACs) during the current election cycle, strengthening his influence in US politics ahead...

Venezuela’s Machado Calls for Elections by July 2027

Venezuelan opposition leader Maria Corina Machado has called for presidential elections in Venezuela next year, saying the country has sufficient time to organize a vote by July 2027, according to a Financial Times report...

RFK Jr. Launches Nationwide Vaccine Safety Review

US Health Secretary Robert F. Kennedy Jr. has launched a department-wide initiative to investigate and document reported health problems following vaccination, the Department of Health and Human Services (HHS) announced...

Zelenskiy Slams US Over Deadly Russian Strikes on Ukraine

Ukrainian President Volodymyr Zelenskiy criticized the United States for its reluctance to provide additional military support after Russian airstrikes killed dozens of civilians across Ukraine, intensifying tensions over...

Flavio Bolsonaro Leads Lula 49%-45% in Brazil Runoff Poll

Brazilian Senator Flavio Bolsonaro holds a narrow lead over President Luiz Inacio Lula da Silva ahead of the October 25 presidential runoff election, according to a Datafolha poll released Thursday. However, the results...

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

Zcash Plans Quantum-Resistant Security Upgrade for January

Zcash (ZEC) developers are preparing to introduce quantum-resistant security features in January 2027, aiming to protect cryptocurrency wallets against potential threats from advanced quantum computing and artificial...

Apple Cuts iPhone 18 Pro Production Orders Amid Weak Demand

Apple Inc. (NASDAQ: AAPL) has reportedly instructed several suppliers to reduce component production for its newly released iPhone 18 Pro and iPhone 18 Pro Max, signaling potential challenges for the companys latest...

OpenAI Revenue Hits $50 Billion, Below Earlier $70 Billion Estimate

OpenAI has informed investors that its annualized revenue reached nearly $50 billion in September, significantly below the $70 billion previously indicated, according to a Reuters report on Thursday. The revised figure...

Trump Buys Up to $25M in Meta Stock, Invests in SpaceX Debt

Meta Platforms (NASDAQ: META) shares briefly climbed more than 1% after President Donald Trumps latest financial disclosure revealed a stock purchase worth up to $25 million. The shares later trimmed their gains as...

OpenAI Annualized Revenue Hits $50 Billion, Below Earlier Estimates

OpenAIs annualized revenue reached approximately $50 billion by the end of September 2026, significantly below the $70 billion previously reported to investors, according to financial documents reviewed by the Financial...