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FX Review: Nordea

Mar 11, 2015 07:04 am UTC| Commentary

EUR/USD reached new lows since 2003 (1.0666) this morning, as the USD was broadly bought on the back of comments by the Feds Fisher that a strong USD is not a concern. Isnt it? The markets start to question it. Now that...

Global Leading Indicator still flat

Mar 11, 2015 06:57 am UTC| Commentary

The Global Leading Indicator by UniCredit rose slightly to minus 0.1 standard deviations in February from minus 0.2.Hence, it continued to remain in a narrow range, basically signaling further stagnation in global trade...

BOK likely to hold its policy rate at 2.0% in March

Mar 11, 2015 06:45 am UTC| Commentary

The Bank of Korea (BoK) is expected to hold its policy rate at 2.0% at its March meeting, thus leaving it unchanged for the fifth consecutive month since November 2014.The BoKs economic assessment should be largely the...

Jump in Australian unemployment rate to partly reverse

Mar 11, 2015 06:36 am UTC| Commentary

The 12k decline in employment in January should be seen in the context of the 34k average increase over the previous three months. This is equivalent to an annualized rate of 3.5%, clearly an unsustainable rate given the...

UK manufacturing output to make strong gain

Mar 11, 2015 06:25 am UTC| Commentary

In the UK, business surveys have been pointing towards a rising output trend and this, in combination with more-promising signs from the euro area, should lead to an increase in manufacturing output of 0.5% mom in January...

Aussie and kiwi underperform as USD rises

Mar 11, 2015 05:52 am UTC| Commentary

AUD rose in early Sydney to as high as 0.7645 before falling to trade with a 0.75 handle.It then failed to recover, and slipped to as low as 0.7589 in late Sydney - fresh lows back to 2009 - and struggled to trade back...

AUD/USD, NZD/USD Outlook: RBC Capital Markets

Mar 11, 2015 05:44 am UTC| Commentary

Quotes from RBC Capital Markets: AUD/USD is trading sub-0.76. RBA Assistant Governor Kent delivered a speech on the economy overnight, the bulk of which would be familiar to anyone with a vague interest in the...

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Economy

Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue

The fourth round of Mexico-US trade talks is unlikely to take place next week and could be postponed until October as both countries navigate a busy diplomatic schedule, according to a senior Mexican trade official. Luis...

Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth

Australias labour market delivered mixed signals in August as employment growth comfortably exceeded expectations, while the unemployment rate climbed to its highest level in nearly five years amid increased participation...

Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit

Asian stocks mostly declined on Thursday as surging global bond yields weighed on risk appetite, while investors awaited a closely watched meeting between U.S. President Donald Trump and Chinese President Xi Jinping....

Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets

Gold prices edged lower on Thursday, extending pressure from the previous session as rising Treasury yields, stronger oil prices and a firm U.S. dollar fueled expectations that the Federal Reserve may continue raising...

Asian Currencies Mixed as Dollar Holds Near Two-Month High

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a two-month high, supported by stronger U.S. economic data, renewed inflation concerns and growing expectations for another Federal Reserve rate...

Politics

OpenAI Agent Breaches Australia Medicare Data Portal

An OpenAI artificial intelligence agent gained unauthorized access to an Australian government Medicare statistics portal, prompting a federal investigation and renewed concerns about the cybersecurity risks posed by...

Taiwan Thanks US for Support Ahead of Trump-Xi Summit

Taiwans government on Thursday expressed gratitude for continued US support and said it remains in close communication with Washington as President Donald Trump prepares to meet Chinese President Xi Jinping in the US...

Netanyahu Takes Aim at Mamdani as Israel Election Nears

Israeli Prime Minister Benjamin Netanyahu is expected to use his United Nations address on Thursday to criticize New York Mayor Zohran Mamdani, as the Israeli leader faces international pressure and a closely watched...

Russian Missile and Drone Attack on Kyiv Kills Two, Damages Maternity Hospital

Russia launched a major missile and drone attack on Kyiv early Thursday, killing two people and damaging residential buildings, medical facilities and other infrastructure across the Ukrainian capital, according to...

Judge Orders Trump to Restore White House Access for CNN, MS NOW and Politico

A federal judge on Thursday ordered President Donald Trumps administration to temporarily restore White House press access for journalists from CNN, MS NOW and Politico, ruling that the administrations ban on the three...

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

Tencent Launches TenPayGo Payment App for Foreign Tourists in China

Tencent has launched TenPayGo, a new mobile payment app designed to make digital transactions easier for international travelers visiting China, as the technology giant looks to benefit from growing inbound tourism ahead...

China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts

Chinas livestream shopping industry is entering a slower phase, but Li Jiaqi, the influential presenter known as the Lipstick King, believes artificial intelligence will complement rather than replace human hosts. Li, who...

Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup

Meta Platforms (NASDAQ: META) unveiled a palm-sized device designed specifically for its Muse artificial intelligence agent on Wednesday, alongside an expanded lineup of smart glasses and new AI capabilities. CEO Mark...

SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment

SoftBank Group has raised $11.1 billion through a major dollar- and euro-denominated bond offering as the Japanese technology investment giant builds up cash to finance its expanding artificial intelligence investments,...

Meta Connect Spotlights Camera-Free Smart Glasses Amid Privacy Concerns

Meta Platforms opened its annual Connect conference on Wednesday, with the technology giant expected to introduce new smart glasses as it seeks to expand its lead in AI-powered wearable devices while addressing mounting...