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FxWirePro: The Day Ahead- 24th January 2019

Jan 24, 2019 05:11 am UTC| Commentary

Lots of economic data and events scheduled for today, and some with very high volatility risks associated. Data released so far: Japan: Flash Nikkei manufacturing PMI declined to 50 in January from in 52.6...

Australian bonds climb despite higher-than-expected rise in December employment change; jobless rate cheers investors

Jan 24, 2019 04:06 am UTC| Commentary Economy

Australian government bonds climbed across the curve during Asian trading session Thursday despite a higher-than-expected rise in the countrys employment change for the month of December, while unemployment rate cheered...

U.K. CBI Industrial Trends survey shows continuous fall in business optimism

Jan 23, 2019 19:15 pm UTC| Commentary

The U.K. CBI Industrial Trends survey underlined the damage Brexit uncertainty is doing to the U.K. economy, noted Daiwa Capital Market Research in a report. Todays survey showed that business optimism continued to fall in...

French business sentiment stabilizes in January, economic growth likely eased in Q4 2018

Jan 23, 2019 18:05 pm UTC| Commentary

The INSEE survey released today implied that French business sentiment steadied in January. The headline sentiment indicator remained unchanged at 102, the same as in December. This is still the lowest level in over two...

Malaysian central bank likely to stand pat in January, inflation likely to rise from H2 2019

Jan 23, 2019 17:00 pm UTC| Commentary

Malaysian growth is likely to decelerate and inflationary pressure is expected to stay benign. Given that Bank Negara Malaysia is expected to stand pat during its meeting tomorrow, according to a DBS Bank in a research...

Canadian retail sales fall sequentially in November on lower gasoline prices

Jan 23, 2019 15:43 pm UTC| Commentary

Canadas retail sales fell sequentially in November. Sales dropped 0.9 percent in the month, following the revised gain of 0.2 percent in October. Consensus expectations were for a fall of 0.6 percent. After accounting for...

FxWirePro: Euro struggles to gain ahead of ECB as retail sentiment points to further slide

Jan 23, 2019 14:23 pm UTC| Commentary Central Banks

The single currency has been struggling against the USD since it reached 1.155 area, the highest since October, earlier this month as economic numbers disappointed. The focus is on tomorrows monetary policy meeting of the...

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Economy

South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks

South Koreas benchmark KOSPI index suffered a steep selloff on Friday as investors dumped technology and semiconductor stocks following Apples latest price increases and reports that OpenAI may delay its highly anticipated...

Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff

Asian stock markets closed sharply lower on Friday as investors took profits from this weeks technology-driven rally after Apple Inc.s decision to raise prices on several products reignited concerns about the...

Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion

Gold prices extended their decline on Friday, falling below the key $4,000-per-ounce level as a stronger U.S. dollar and growing expectations of additional Federal Reserve interest rate hikes continued to pressure the...

SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile

SpaceX is reportedly exploring a major expansion of its Starlink business by launching a Starlink-branded mobile phone service in the United States, a move that could position Elon Musks company as a direct competitor to...

Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook

Asian currencies traded within narrow ranges on Friday as the U.S. dollar paused after a strong weekly rally, while the Japanese yen remained close to a four-decade low amid lingering concerns over potential government...

Politics

Trump Administration Rejects Claims of Rift Between JD Vance and Marco Rubio on Iran Policy

President Donald Trumps administration is pushing back against claims of internal divisions over its Iran strategy after comments from Vice President JD Vance and Secretary of State Marco Rubio appeared to reflect...

US Approves $250 Million Fighter Jet Training Sale to Australia

The United States has approved a potential $250 million military sale to Australia, reinforcing the long-standing defense partnership between the two allies. The U.S. State Department announced on Thursday that it had...

Johns Hopkins University Lays Off 110 Employees as Federal Research Funding Declines

Johns Hopkins University has announced the layoff of 110 employees following significant reductions in federal research funding, highlighting the growing financial challenges facing one of the United States leading...

Iran Attack in Strait of Hormuz Pushes Oil Prices Higher

Global oil prices climbed on Thursday after Irans Islamic Revolutionary Guard Corps (IRGC) reportedly attacked a Singapore-flagged cargo vessel in the Strait of Hormuz, reigniting concerns over Middle East tensions and...

Republican Lawmaker Introduces AI Incident Reporting Bill to Strengthen U.S. AI Safety

The United States could soon see new artificial intelligence regulations after Republican Representative Nathaniel Moran of Texas introduced the proposed AI Incident Reporting Act, a bill designed to improve transparency...

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

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...

Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion

South Korean technology giants Samsung Electronics and SK Hynix are preparing to unveil sweeping long-term investment strategies centered on semiconductors, artificial intelligence (AI), and next-generation technologies,...

OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal

OpenAI is reportedly considering postponing its highly anticipated initial public offering (IPO) until 2027 as it pursues an ambitious $1 trillion valuation. According to a report by The New York Times, company executives...

Kioxia Targets U.S. Listing as AI Chip Boom Accelerates

Japan-based Kioxia Holdings Corp. (TYO:285A) is preparing to launch U.S. depositary shares in the spring of 2027, a strategic move aimed at expanding its global investor base and taking advantage of growing enthusiasm for...