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ZAR likely to be driven by hopes and fears for the time being on domestic, global uncertainties: Commerzbank

Mar 06, 2019 09:14 am UTC| Commentary Economy

The South African rand is expected to be driven by hopes and fears for the time being, against a backdrop of domestic as well as global uncertainties, according to the latest research report from Commerzbank. Yesterdays...

FxWirePro: Aussie bears likely to struggle to clear 0.675 support area

Mar 06, 2019 09:01 am UTC| Commentary

Aussie bears are all energized today, Riding on speculations that the Reserve Bank of Australia (RBA) would move away from the current neutral policy stance to a more dovish one. Top market analysts are projecting...

FxWirePro: Sell Euro against Franc targeting 1.11 area

Mar 06, 2019 08:22 am UTC| Commentary

We expect the Swiss franc to outperform the single currency, at least, in the near term. We expect the focus on the economic trouble brewing in the Eurozone likely to help the Swiss franc gain against the...

Australia’s Q4 2018 GDP growth slows to 0.2 pct q/q; RBA to downgrade 2019 forecast in May SoMP: ANZ Research

Mar 06, 2019 07:54 am UTC| Commentary Economy

Australias gross domestic product (GDP) for the last quarter of 2018 slowed to 0.2 percent q/q and 2.3 percent y/y. Looking at Q3 and Q4 together shows that annualised growth in the second half was 0.9 percent, a sharp...

JGBs tad higher in muted session ahead of Q4’18 GDP, January household spending data

Mar 06, 2019 06:22 am UTC| Commentary Economy

The Japanese government bonds remained tad higher Wednesday ahead of the countrys gross domestic product (GDP) for the fourth quarter of 2018 and household spending data for the month of January, both scheduled to be...

A Snapshot on Mounting Turkish Crypto-Sentiments

Mar 06, 2019 06:18 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

We already reported thatTurkey appears to be very keen on the cryptocurrency gamut as the country is one of those with the highest number of cryptocurrency holders among entire Europe. As the Turkish currency continues...

China economic recovery to gradually gain momentum in months ahead on back of pro-growth policies, says Scotiabank

Mar 06, 2019 05:19 am UTC| Commentary Economy

Chinas economic recovery is expected to gradually gain momentum in the months ahead on the back of pro-growth policies, although the nations factory activity contracted to a three-year low in February. Chinas official...

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Economy

Dollar Holds Near Two-Month High as Yen Approaches 160

The U.S. dollar remained near a two-month high on Friday, supported by rising Treasury yields and expectations of additional Federal Reserve rate hikes, while the Japanese yen hovered near the closely watched...

Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets

Gold prices were largely unchanged on Friday but remained headed for a weekly loss of more than 3% as rising U.S. Treasury yields and elevated energy prices strengthened expectations that the Federal Reserve could raise...

Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets

Japanese bank stocks rallied on Friday as surging government bond yields and expectations for further Bank of Japan interest rate hikes strengthened the outlook for lenders profit margins. Shares of Mizuho Financial Group,...

Asian Stocks Fall as Surging Bond Yields Rattle Markets

Asian stocks mostly declined on Friday as a global bond market selloff drove long-term U.S. Treasury yields to multi-year highs, pressuring risk appetite across regional markets. Investors were also assessing the outcome...

Fed Unveils Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed a broad regulatory framework for payment stablecoin issuers, moving forward with implementation of the GENIUS Act and efforts to bring dollar-backed digital assets further into the...

Politics

North Korea Warns South Korea Over US-Led Defense Role

North Korea warned that South Korea could become a decisive target for collective retaliation if Seoul develops into a central hub for a US-led collective defense system, according to state media KCNA on Friday. The...

Pezeshkian Says US Must Choose When Iran War Ends

Iranian President Masoud Pezeshkian said the United States holds the key to ending the Iran war, signaling that Tehran does not want the conflict to continue but will not surrender under US pressure. Asked whether the war...

Trump Asks Supreme Court to Restore Third-Country Deportations

President Donald Trumps administration asked the U.S. Supreme Court on Thursday to allow it to continue deporting migrants to countries other than their homelands without automatically giving them an opportunity to raise...

Netanyahu Defends Israel at UN as Delegates Stage Walkout

Israeli Prime Minister Benjamin Netanyahu delivered a defiant address to the United Nations General Assembly on Thursday, defending Israels military actions as dozens of delegates walked out in protest. The speech came as...

US Backs Musk in Fight Against EU’s €120 Million X Fine

The U.S. government has formally moved to join Elon Musks legal challenge against a 120 million ($136.5 million) European Union fine imposed on his social media platform X, escalating a dispute over the reach of European...

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

SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk

SoftBank Group shares dropped on Friday after Oracle moved to protect itself against possible delays at a major New Mexico data center, adding to investor concerns over the financing and execution risks surrounding the...

Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth

Jeff Bezos has invested about $32 billion in Blue Origin since founding the space company in 2000, underscoring the Amazon founders long-term commitment to competing in the rapidly expanding commercial space industry....

OpenAI to Preview GPT-6 Cyber AI Model for Cybersecurity

OpenAI is preparing to preview GPT-6 Cyber, a new artificial intelligence model focused on cybersecurity, within days as the company expands its push into AI-powered security tools, according to a Fortune report cited by...

Former OpenAI Data Center Chief Chris Malone Joins Nvidia

Chris Malone, the former head of data centers at OpenAI, has joined Nvidia as vice president of its DSX Platform, strengthening the chipmakers leadership team as demand for artificial intelligence infrastructure continues...

Akamai Shares Surge on $11.6B Anthropic AI Cloud Deal

Akamai Technologies shares jumped as much as 20% in after-hours trading Thursday after the cloud computing company announced an $11.6 billion, seven-year agreement with artificial intelligence firm Anthropic. The contract...
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