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EUR/SEK likely to end 2016 around 9.7, to gradually decline towards 9.20 by end-2017

Nov 21, 2016 11:18 am UTC| Commentary

In the past month, the Swedish krona has continued to depreciate against the euro, compounding the total fall in the currency to about 7 percent year-to-date. The depreciation occurred in spite of positive signs of...

Improvement in global debt market, stabilizing dollar likely to ease Polish zloty in near-term

Nov 21, 2016 10:55 am UTC| Commentary Economy

Improvement in theglobal debt market, coupled with signs of stabilization in the greenback is expected to bring about some relief to the Polish zloty. Poland stands by its plans to transfer 25 percent of pension fund...

AUD/USD likely to trade around 0.77 by end-2016 and 0.78 by end-2017

Nov 21, 2016 10:49 am UTC| Commentary

The AUD/USD currency pair is trading in a well-defined range, moving between 0.74 and 0.78, noted Lloyds Bank in a research report. Australias economic outlook continues to be comparatively positive. The nation continues...

Italian assets likely to underperform till referendum

Nov 21, 2016 10:43 am UTC| Commentary

The Italian assets such as the FTMIB stock market are likely to underperform the European peers until the key constitutional referendum on December 4th. Voters are to be asked whether they approve of amending the Italian...

UK gilts flat in subdued trade, 10-Year gilt auction in focus

Nov 21, 2016 10:42 am UTC| Commentary

The UK gilts traded nearly flat Monday as markets receive no more important data of great significance today. The yield on the benchmark 10-year gilts, which moves inversely to its price, hovered around 1.45 percent...

Brazilian Central Bank likely to adopt waiting stance for time being

Nov 21, 2016 10:31 am UTC| Commentary

The favorable environment in Brazil, such as the BRL rally, decelerating inflation, relief on the political front has been beneficial for the Brazilian central bank, which took advantage of this environment and cut its key...

Goldman Sachs sees S&P 500 at 2500, calls as next bullish target

Nov 21, 2016 10:05 am UTC| Commentary

Goldman Sachs has called for 2500 in the US benchmark stock index as the next bullish target in the wake of Trump Presidency before the financial markets take any bearish turn. Goldman Sachs is forecasting a price target...

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Economy

Asian Currencies Slip as Dollar Stabilizes Ahead of U.S. CPI Data

Asian currencies edged lower on Friday as the U.S. dollar steadied, with traders closely monitoring upcoming U.S. consumer price index (CPI) data for signals on the Federal Reserves interest rate outlook. Despite the daily...

Oil Prices Steady but Head for Weekly Loss as Supply Glut Concerns Weigh

Oil prices were mostly steady during Asian trading on Friday, yet both benchmark crude contracts remained on track for weekly losses after a sharp selloff in the previous session. Brent crude futures for April delivery...

Fed Governor Stephen Miran Warns Tight Monetary Policy Threatens U.S. Economic Growth

Federal Reserve Governor Stephen Miran cautioned that the central banks current monetary policy stance could pose a significant risk to U.S. economic growth. Speaking at a Dallas Fed event on Thursday, Miran argued that...

Japan, U.S. Speed Up Talks on $550 Billion Investment Deal Amid Tariff Pressure

Japan and the United States have agreed to accelerate negotiations on the first round of projects under Tokyos $550 billion investment package, as both sides work to resolve outstanding issues. Japanese Trade Minister...

Yen Surges After Takaichi Election Win as Markets Eye U.S. Inflation Data

The Japanese yen is on track for its strongest weekly performance in nearly 15 months after Prime Minister Sanae Takaichis historic election victory eased investor concerns about Japans fiscal stability. The currency has...

Politics

Federal Judge Blocks Trump Administration’s $600 Million Public Health Funding Cuts to Democratic-Led States

A federal judge in Chicago has temporarily blocked the Trump administration from moving forward with $600 million in proposed public health funding cuts affecting four Democratic-led states. The ruling marks the latest...

U.S.–Taiwan Trade Agreement Sets 15% Tariff, Boosts Energy and Semiconductor Investment

The United States and Taiwan have finalized a reciprocal trade agreement that sets a 15% U.S. tariff rate on imports from Taiwan while paving the way for lower Taiwanese tariffs on nearly all American goods. The deal,...

Trump Ends Minnesota Deportation Surge After Protests and Political Backlash

President Donald Trump has agreed to wind down the controversial immigration enforcement effort known as Operation Metro Surge in Minnesota, marking a rare policy reversal amid mounting protests and bipartisan criticism....

Zelenskiy Signals Support for U.S. Peace Plan as Trump Pushes Russia-Ukraine War Deal

Ukrainian President Volodymyr Zelenskiy has reaffirmed Kyivs willingness to support U.S.-led peace proposals aimed at ending the Russia-Ukraine war, as President Donald Trump intensifies efforts to broker a resolution...

Australian Liberal Party to Elect New Leader After Sussan Ley Loses Party Room Vote

Australias Liberal Party is set to elect a new leader after opposition leader Sussan Ley lost a crucial party room vote, according to a report by the Australian Broadcasting Corporation (ABC) on Friday. The leadership...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

GE Aerospace Expands Singapore Engine Repair Hub with Automation and AI to Tackle Aviation Bottlenecks

GE Aerospace is accelerating automation and AI-driven innovation at its Singapore engine repair hub as global airlines grapple with maintenance delays, parts shortages, and extended turnaround times. At the center of this...

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...
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