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FxWirePro: The Day Ahead- 16th August 2017

Aug 16, 2017 03:56 am UTC| Commentary Economy Central Banks

Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: Australia: Leading economic index down 0.1 percent in July, up 0.5 percent in the second...

Australian bonds slump following weakness in U.S. Treasuries after upbeat retail sales

Aug 16, 2017 02:44 am UTC| Commentary Economy

The Australian bonds slumped Wednesday as the yield on benchmark US 10-year bonds climbed, rising 6 basis points to 2.27% after Julys US advance retail sales data surprised to the upside. The yield on the benchmark...

EUR/USD pair likely to trade around 1.22 by end-2018, says Lloyds Bank

Aug 15, 2017 22:57 pm UTC| Commentary

Since June, the euro has been amongst the best-performing developed market currencies, appreciating more than 3 percent against the U.S. dollar, noted Lloyds Bank in a research report. Central bank policy, along with...

South Korean economy likely to expand 3 pct in 2017, BoK expected to keep rates on hold - ANZ

Aug 15, 2017 22:35 pm UTC| Commentary

The South Korean economic growth is expected to rebound in 2017. According to an ANZ research report, the GDP growth is likely to improve to 3 percent this year before easing to 2.9 percent next year. Meanwhile, inflation...

Czech economic growth likely to have remained stable in Q2, full year growth likely to reach 3.1 pct

Aug 15, 2017 22:33 pm UTC| Commentary

In the first quarter of this year, the Czech economy had grown 1.5 percent quarter-on-quarter and 3 percent year-on-year following a recent revision. According to an Erste Group Research report, the Czech economic growth...

Swedish inflation rises above expectations in July, Riksbank to remain dovish despite higher figures

Aug 15, 2017 22:15 pm UTC| Commentary

The Swedish inflation, gauged by CPIF, came in higher than anticipated and much above the Riksbanks forecast in July. The CPIF-inflation came in at 2.35 percent year-on-year, as compared with the central banks forecast at...

German economy grows strongly in Q2 on domestic demand, likely to grow 2 pct in 2017

Aug 15, 2017 21:38 pm UTC| Commentary

The German economy grew again in the second quarter of this year. The GDP grew 0.6 percent quarter-on-quarter, mainly driven by the domestic demand. According to a Nordea Bank research report, the economic outlook of...

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Economy

Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns

Gold prices extended their decline on Monday as escalating tensions between the United States and Iran pushed oil prices higher, raising fears of renewed inflation and reducing demand for the safe-haven metal. Investors...

Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears

The U.S. dollar strengthened against most major currencies on Monday as renewed conflict in the Middle East heightened inflation concerns and increased expectations that central banks, including the Federal Reserve, could...

Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields

Asian stock markets opened lower on Monday as escalating conflict in the Gulf and Irans claim that it had closed the Strait of Hormuz fueled concerns over global energy supplies, pushing oil prices sharply higher and...

EU Weighs New Trade Restrictions on Israeli West Bank Settlements

European Union foreign ministers are set to discuss potential new trade restrictions targeting Israeli settlements in the occupied West Bank during a meeting on Monday, as support grows among some member states for...

US-Iran Strikes Escalate as Strait of Hormuz Crisis Pushes Oil Prices Higher

The conflict between the United States and Iran intensified over the weekend as both sides exchanged heavy missile and drone attacks, raising fears of a prolonged regional crisis and renewed disruption to global energy...

Politics

Minnesota Wildfires Spread as Governor Tim Walz Deploys National Guard

Minnesota Governor Tim Walz has declared a peacetime emergency and activated the state National Guard to help combat fast-growing wildfires burning along the states northern border with Canada. According to Minnesota state...

Israel Sets October 27 Election as Netanyahu Faces Tough Political Test

Israel will hold a national election on October 27, marking the countrys first parliamentary vote since the Hamas attack on October 7, 2023, and the subsequent conflicts involving Gaza, Lebanon, and Iran. The election date...

Israeli Strikes Kill Six in Gaza as Ceasefire Talks Continue in Cairo

Israeli attacks across the Gaza Strip killed at least six Palestinians on Sunday, including a 9-year-old girl, as mediators continued negotiations aimed at preserving the U.S.-brokered Israel-Hamas ceasefire and advancing...

Republican Senator Lindsey Graham Dies at 71, Leaving South Carolina Senate Seat Vacant

Republican Senator Lindsey Graham of South Carolina died on Saturday at the age of 71 following what his office described as a brief and sudden illness, bringing to an end a congressional career that spanned more than...

Iran's Supreme Leader Vows Revenge as Trump Threatens Massive U.S. Military Response

Irans Supreme Leader Ayatollah Mojtaba Khamenei vowed on Saturday to avenge the death of his father and predecessor, Ayatollah Ali Khamenei, escalating tensions with the United States as President Donald Trump warned that...

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

Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX

Morgan Stanley believes Chinas rapidly advancing reusable rocket program represents the biggest long-term competitive threat to SpaceX, following the countrys first successful recovery of an orbital-class rocket booster....

SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing

SK Hynix shares fell as much as 4.4% in early trading on Monday, even after the South Korean memory chip giant posted a strong debut on the Nasdaq following one of the largest U.S. listings by an Asian technology company....

Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft

Apple has filed a lawsuit against OpenAI and two former Apple employees, accusing them of misappropriating confidential company information and trade secrets tied to its hardware development efforts. The lawsuit, filed...

SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO

SK Hynix made a strong debut on the Nasdaq on Friday, with its American Depositary Receipt (ADR) shares closing 12.8% higher at $168.01 after completing a record-breaking $26.5 billion U.S. initial public offering (IPO),...

Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI

Elon Musk has publicly praised artificial intelligence startup Anthropic, saying the company is obviously the current leader in AI, in a rare acknowledgment of a key rival as competition among top AI developers...