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Euro jumps over no further action rumor

Jan 14, 2016 09:41 am UTC| Commentary

Euro jumped sharply against all of its major trading counterparts today as Reuters report cited unnamed ECB officials worrying over further actions from the central bank. Last December, when hawks, led by German Bundesbank...

Renminbi Series

Currency War Series

PBoC likely to ease monetary policy before Chinese New Year

Jan 14, 2016 09:28 am UTC| Commentary

The Peoples Bank of China has injected CNY 160bn through 7-day reverse repos today in the morning. Moreover, in a bid to cool the market fears, the central bank sent USD-CNY fixing rate 14pips lower. However, there were...

Worrisome Signs Series

Worrisome signs series – US business cycle coming to end?

Jan 14, 2016 09:11 am UTC| Commentary Economy Central Banks

Last time US faced business cycle contraction dates back to 2007, at a time of great recession, which finally ended in June 2009 and it has been expanding since then. Though it is very difficult to gauge how the world...

Sweden’s inflation faces downside risk, will pressure SEK

Jan 14, 2016 09:09 am UTC| Commentary Economy

After Riksbank stated that it will intervene on the FX markets if required, the EUR-SEK has been trading above the 9.20 mark. The pair is expected to have separated from global risk aversion and the main role is now being...

What will BoE's Ian McCafferty do today?

Jan 14, 2016 08:34 am UTC| Commentary Central Banks

This guy, Ian Alexander McCafferty might decide pounds movement today. He might have the biggest potential to move pound today. For those, who are not so familiar with him, he is a British economist, currently serving...

Japan’s economic growth outlook remains uncertain

Jan 14, 2016 07:38 am UTC| Commentary

Japans growth prospects remain uncertain at the moment as it continues to be obstructed by low productivity growth, fiscal drag and lethargic external demand. Due to stronger revised corporate spending, the economy...

Euro area economic growth likely to slow in 2016

Jan 14, 2016 07:21 am UTC| Commentary

At the end of 2015, the euro area economy is expected to have gained certain momentum, according to survey indicators. The composite PMI indicates that the economy grew around 0.4% in Q4, as compared with the growth of...

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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...
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