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Fri, Jul 17, 2026 05:11 AM All times are UTC

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Currency snapshot (major pairs)

May 17, 2018 13:55 pm UTC| Commentary

Dollar index trading at 93.51 (+0.20%) Strength meter (today so far) Euro -0.20%, Franc -0.25%, Yen -0.33%, GBP -0.44% Strength meter (since last week) Euro -1.23%, Franc -0.37%, Yen -1.27%, GBP -0.30% EUR/USD...

Malaysian economic growth slows in Q1 2018, BNM likely to keep interest rates on hold through 2018

May 17, 2018 13:36 pm UTC| Commentary

The Malaysian economic growth moderated in the first quarter of this year. The GDP growth slowed to 5.4 percent year-on-year in the March quarter from 5.9 percent in the prior quarter. On a sequential basis, the economy...

FxWirePro: Upside correction in Natural gas is likely to continue further

May 17, 2018 13:26 pm UTC| Commentary

After finding support around $2.5 per MMBtu area twice since February, the price of natural gas has been creeping higher. It is currently trading at 2.78 per MMBtu. The $2.5 per MMBtu area has provided support to the...

FxWirePro Call Review: Is AUD/USD in a sell breakout?

May 17, 2018 12:50 pm UTC| Commentary

The above weekly chart of the AUD/USD clearly shows that Australian dollar has decisively broken below its rising range that has been in place since 2015. In the last to last week of April, it broke below the range instead...

Mexican central bank likely to keep rates unchanged for some time

May 17, 2018 12:32 pm UTC| Commentary

The central bank of Mexico is set to meet today for its policy rate decision. According to a Commerzbank research report, the Banxico is likely to stand pat today, keeping the key rate on hold at 7.50 percent. Inflation...

FxWirePro Call Review: Maintain short positions in Mexican Peso against USD; interim target added

May 17, 2018 12:23 pm UTC| Commentary

In April this year, in an article named, FxWirePro: Sell Mexican Peso against USD targeting 22 per dollar, available at https://www.econotimes.com/FxWirePro-Sell-Mexican-Peso-against-USD-targeting-22-per-dollar-1273958 we...

FxWirePro Call Review: Maintain short positions in Soybean; Interim targets added and final target revised lower

May 17, 2018 12:02 pm UTC| Commentary

Back in April this year, in an article named, FxWirePro: Sell U.S. Soybean with Short-term target of 990 cents per bushel, available at...

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Economy

Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook

Japans core consumer inflation likely accelerated in June as higher energy prices and revised medical service fees offset easing food inflation, reinforcing expectations that the Bank of Japan (BOJ) could continue raising...

Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia

Japans Nikkei 225 tumbled more than 5% on Friday, falling to its lowest level since June 11 as a global selloff in artificial intelligence (AI) and semiconductor stocks intensified. The decline mirrored heavy overnight...

Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions

Asian stock markets ended mostly lower on Friday, led by a sharp decline in Japans Nikkei 225 as technology and semiconductor stocks extended a global selloff. Investor sentiment also remained under pressure amid...

Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs

Brazil is preparing a series of retaliatory measures against the United States after the Trump administration imposed a 25% tariff on many Brazilian products, according to sources familiar with the discussions. Senior...

Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears

Oil prices edged higher during Asian trading on Friday and remained on course for their strongest weekly gain in months as escalating military tensions between the United States and Iran continued to raise concerns over...

Politics

Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech

President Donald Trump criticized ABC, NBC and CNN after the three major U.S. news organizations declined to air his prime-time address on their main television platforms, intensifying his long-running dispute with the...

Iran Launches Fresh Attacks on U.S. Bases as Strait of Hormuz Tensions Escalate

Iran launched new attacks on U.S. military facilities in the Gulf on Friday after the United States carried out a sixth straight night of strikes on Iranian military targets, deepening a conflict that has unraveled last...

US Military Completes Sixth Night of Iran Strikes as Conflict Escalates

The U.S. military said it completed a new wave of strikes on Iran late Thursday, marking the sixth consecutive night of operations ordered by President Donald Trump as tensions between Washington and Tehran continue to...

Nicaragua Cuts Diplomatic Ties With Italy Over Red Brigades Extradition Dispute

Nicaragua has officially severed diplomatic relations with Italy after a renewed dispute over the extradition of former Red Brigades militant Alessio Casimirri, intensifying a decades-long conflict tied to one of Italys...

North Korea Calls South Korea ‘Puppet’ After U.S.-Led RIMPAC Naval Exercise

North Korea sharply criticized South Korea on Friday, labeling Seoul a puppet after its participation in the U.S.-led Rim of the Pacific Exercise (RIMPAC), warning that Washington and Seoul would be responsible for any...

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

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...

Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom

OpenAI CEO Sam Altman has publicly acknowledged that the company fell short of expectations over the past year, taking personal responsibility for its performance while outlining an ambitious vision for the future. In a...

Moonshot Launches Kimi K3, China's Largest Open-Source AI Model

Chinese artificial intelligence startup Moonshot has introduced Kimi K3, a new open-source AI model the company describes as the worlds largest of its kind, highlighting Chinas accelerating competition with leading U.S. AI...

Xi Jinping Calls for People-Centered AI Development at WAIC, Expands Global Cooperation

Chinese President Xi Jinping called for a people-centered approach to artificial intelligence (AI) development during his keynote speech at the opening ceremony of the World Artificial Intelligence Conference (WAIC) in...