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FxWirePro: The Day Ahead- 18th May 2017

May 18, 2017 04:52 am UTC| Commentary Central Banks

Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectations for May came at 4 percent. The unemployment...

NBP keeps interest rates on hold, expects inflation to remain moderate in quarters ahead

May 17, 2017 22:02 pm UTC| Commentary Central Banks

The Monetary Policy Council of the National Bank of Poland decided to keep the interest rates on hold on Wednesday. The reference rate was kept unchanged at 1.5 percent, while the Lombard rate, deposit rate and rediscount...

SWISS CENTRAL BANK GOVERNOR SAYS SWISS ECONOMY ON MODERATE EXPANSION PATH THAT IS EXPECTED TO STRENGTHEN THROUGHOUT THE YEAR - PAPER

May 17, 2017 17:11 pm UTC| Central Banks

USD/JPY declined sharply on Wednesday as talk that U.S. President Donald Trump could face the threat of impeachment boosted safe-haven Japanese yen. News emerged on Tuesday that Trump had asked his now-dismissed FBI...

FxWirePro: Derive yields via derivatives on low vols but eventually less ECB QE

May 17, 2017 12:31 pm UTC| Research & Analysis Insights & Views Central Banks

We look at how the sensitivity to global yields has changed after the greater reaction in longer-end rates in Japan and the Euro area in recent sell offs. With the BoJ having signaled it is comfortable with a steeper curve...

FxWirePro: Driving forces of neutral RUB stances and hedging vehicles

May 17, 2017 11:49 am UTC| Research & Analysis Insights & Views Central Banks

While rubles medium term structural drivers are supportive, a sequentially dovish shift by the central bank and uncertain oil outlook keeps us neutral. The fundamental drivers of RUB over the medium-term look attractive: a...

ECB likely to keep policy rates on hold until second half of 2018, says Lloyds Bank

May 17, 2017 08:51 am UTC| Commentary Central Banks Economy

The European Central Bank (ECB) is expected to continue with its current pace of asset purchases until the end of the year. It is further likely to communicate a reduction in asset purchases in 2018 at the September...

FxWirePro: Dovish RBNZ to decelerate NZD’s pace, shrinking IVs to signal lackluster hedging activities

May 17, 2017 08:50 am UTC| Central Banks Research & Analysis Insights & Views

The RBNZ was very dovish at the May MPS. Despite inflation recovering in 1Q to above 2%oya for the first time in six years, Governor Wheeler stuck to his neutral guidance, and the staff maintained their forecast that the...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

U.S. negotiators met Russian officials in Florida over the weekend as the Trump administration intensified diplomatic efforts to help end Russias war in Ukraine, a conflict that began with Moscows full-scale invasion in...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...
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