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Crypto Currency Brief: BTC/USD fails to recover losses; SBI Crypto Investment to launch derivatives trading platform; BitForex hits record-high daily transactions - Thursday, August 2nd, 2018

Aug 02, 2018 11:41 am UTC| Commentary Market Roundups Economy

BTC/USD: Bitcoin prices remained tad lower during European session Thursday, failing to recover losses even as a larger number of investors decide to adopt to the means of digital currency trading. Latest news confirmed...

U.S. 10-year Treasury yield retreats from 3 pct mark despite hawkish Fed as renewed trade tensions weigh on

Aug 02, 2018 11:38 am UTC| Commentary Economy

The U.S. 10-year Treasury yield retreated from the 3 percent mark reached in the overnight trading session, but remained on the downside during Thursdays session, despite a hawkish outlook from the Federal Open Market...

Substantial rally in KRW seems unlikely even if BoK adopts hawkish tone, hikes rates over coming months: ANZ Research

Aug 02, 2018 09:33 am UTC| Commentary Economy

The South Korean won is unlikely to respond positively even if the Bank of Korea (BoK) adopts a hawkish tone and hikes benchmark interest rate over the coming months, according to the latest report from ANZ...

FxWirePro: U.S. Natural gas inventory preview

Aug 02, 2018 09:02 am UTC| Commentary

Natural gas is currently trading at $2.75 per MMBtu. Key factors at play in the natural gas market Natural gas has been struggling since it failed to clear resistance around $3 area. The United States and the...

FxWirePro: Key charts explaining crude oil inventories and production report of EIA

Aug 02, 2018 08:42 am UTC| Commentary

Here are some key charts based on data from the United States Energy Information Agencys (EIA) latest report that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production...

RBNZ likely to leave OCR unchanged at next week’s monetary policy meeting; first hike seen by late 2019: ANZ Research

Aug 02, 2018 08:41 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand is poised to leave the benchmark Overnight Cash Rate (OCR) unchanged at its monetary policy meeting, scheduled to be held by mid of next week, according to the latest report from ANZ...

FOMC Monetary Policy August 2018: Assessing future bias from statement and projection materials

Aug 02, 2018 07:51 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC kept interest rates unchanged at yesterdays meeting. Current Federal funds rate target 175-200 basis points. Lets first assess the bias in monetary policy statement...

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Economy

Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks

Wall Street closed sharply lower on Friday, ending a two-week winning streak as investors sold technology shares amid a continued pullback in the artificial intelligence (AI) sector and renewed concerns over inflation...

Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears

Global oil prices posted their strongest weekly gains in months on Friday as the escalating conflict between the United States and Iran heightened concerns over global crude supply and shipping disruptions through the...

Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis

President Donald Trump has threatened to impose higher tariffs on Canada, blaming the country for worsening air pollution across the United States as smoke from hundreds of active Canadian wildfires spreads south of the...

AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software

The explosive rally in AI semiconductor stocks is showing signs of cooling as investors question lofty valuations and whether the massive spending on artificial intelligence infrastructure can continue at its current pace....

Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand

Malaysias economy expanded by 5.8% year-on-year in the second quarter of 2026, outperforming market expectations and highlighting the countrys resilience despite ongoing geopolitical uncertainties. According to advance...

Politics

US Launches New Strikes on Iran After Deadly Attack on American Troops in Jordan

The United States launched fresh airstrikes against Iran on Saturday after two U.S. service members were killed and another was reported missing following an Iranian attack in Jordan, according to U.S. Central Command. The...

Cuban Dissident Artist Luis Manuel Otero Alcántara Arrives in US After Prison Release

Cuban dissident artist Luis Manuel Otero Alcántara has arrived in the United States after completing a five-year prison sentence in Cuba, according to U.S. Secretary of State Marco Rubio. The announcement marks a...

Trump Administration Plans Grants to Back MAGA-Aligned Initiatives Overseas

The Trump administration is reportedly preparing a new package of foreign aid grants aimed at supporting MAGA-aligned initiatives across Europe and other regions, marking a significant shift in U.S. foreign policy...

Ontario Premier Doug Ford Slams Trump Over Canada Wildfire Smoke Criticism

Ontario Premier Doug Ford has strongly criticized President Donald Trump for blaming Canadas forest management for wildfire smoke that has spread across parts of the United States, calling the remarks absolutely...

Iran Expands Gulf Attacks as U.S. Strikes Intensify, Oil Prices Surge

Iran widened its military campaign against U.S. allies in the Gulf on Saturday after the United States carried out a seventh consecutive night of strikes on Iranian military targets, marking another escalation in the...

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

DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO

Chinese artificial intelligence startup DeepSeek is preparing a new fundraising round that could value the company at approximately 500 billion yuan ($74 billion) as it moves closer to a potential initial public offering...

SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave

SpaceX briefly recovered some of its losses on Friday after a Wall Street Journal report said the aerospace company is negotiating a multi-billion-dollar agreement with the Pentagon to provide artificial intelligence...

Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit

Swiss automation and machining systems manufacturer Mikron Group AG reported lower first-half 2026 results as weaker demand in its Automation and Machining businesses offset strong growth in its Tool division. Despite the...

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...