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Currency snapshot (major pairs)

Feb 22, 2018 08:10 am UTC| Commentary

Dollar index trading at 90.13 (+0.01%) Strength meter (today so far) Euro -0.09%, Franc -0.20%, Yen +0.14%, GBP -0.22% Strength meter (since last week) Euro -1.01%, Franc -1.78%, Yen -1.24%, GBP -0.98% EUR/USD...

FxWirePro: U.S. Natural gas inventory preview

Feb 22, 2018 07:43 am UTC| Commentary

Natural gas is currently trading at $2.56 per MMBtu. Key factors at play in natural gas market Gas price had moved higher as the inventories are declined fast due to the polar vortex and the market is currently...

API reports draw while market awaits EIA report

Feb 22, 2018 07:20 am UTC| Commentary

Both Brent and WTI is correcting as U.S. shale production continues to beat the estimate. WTI is currently trading at $61 per barrel and Brent at $3.9 per barrel premium to WTI. Key factors at play in crude oil market...

API reports draw while market awaits EIA report

Feb 22, 2018 07:20 am UTC| Commentary

Both Brent and WTI is correcting as U.S. shale production continues to beat the estimate. WTI is currently trading at $61 per barrel and Brent at $3.9 per barrel premium to WTI. Key factors at play in crude oil market...

Global Geopolitical Series: U.S. Commerce Department announces final AD on imports of biodiesel from Argentina and Indonesia

Feb 22, 2018 06:59 am UTC| Commentary Economy

Last night, the U.S. Commerce Department announced final results of the Anti-dumping investigations on imports of biodiesel from Argentina and Indonesia. The investigation was initiated back in November last year in...

FxWirePro: Most Asian markets in red, gold slightly down

Feb 22, 2018 05:10 am UTC| Commentary

All the major Asian indices were trading on a lower note on Thursday. Gold was trading around $1,323 mark while silver was trading around $16.46 mark. Shanghai composite index to open up 1.2 pct at 3,237.57 points and...

FxWirePro: The Day Ahead- 22nd February 2018

Feb 22, 2018 03:39 am UTC| Commentary

Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated. Upcoming: France: Consumer price inflation report will be released at 7:45 GMT, along with business...

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Economy

Russia Condemns U.S. Sanctions as Cuba Faces Critical Fuel Crisis

Russia has warned that Cubas fuel situation has reached a critical point, blaming intensified U.S. sanctions for deepening the islands economic crisis and pledging continued solidarity with Havana and Caracas. Moscow also...

U.S. Stock Futures Steady as Investors Await Key Jobs and Inflation Data

U.S. stock futures were little changed on Monday evening as investors grew cautious ahead of key economic data releases later this week, following a mostly positive close on Wall Street. Futures tied to the SP 500 slipped...

Gold Prices Slip in Asian Trade as Markets Await Key U.S. Economic Data

Gold prices declined in early Asian trading on Tuesday, pulling back from strong gains seen in the previous session, as investors remained cautious ahead of a series of important U.S. economic indicators due later this...

Oil Prices Dip as Hormuz Tensions, Iran Talks, and Russia Sanctions Shape Market Outlook

Global oil prices edged lower on Tuesday as investors weighed geopolitical risks in the Middle East against ongoing diplomatic efforts and fresh developments in global energy trade. Brent crude futures slipped 25 cents, or...

Asian Stocks Rise as Japan Rally, AI Optimism and Fed Outlook Shape Markets

Asian stocks extended gains for a second straight session in early Tuesday trading, led by a powerful rally in Japan following Prime Minister Sanae Takaichis decisive election victory over the weekend. The result boosted...

Politics

U.S. Appeals Court Allows Trump Administration to End TPS for Honduras, Nepal, Nicaragua Migrants

A U.S. appeals court in California on Monday temporarily lifted a federal judges order that had blocked the Trump administration from ending Temporary Protected Status (TPS) for nearly 89,000 migrants from Honduras, Nepal...

Trump Threatens to Block Gordie Howe Bridge, Escalating U.S.-Canada Trade Tensions

U.S. President Donald Trump has threatened to prevent the opening of the $4.6 billion Gordie Howe International Bridge linking Detroit, Michigan, and Windsor, Ontario, escalating an already tense trade dispute between the...

Australian Leaders Call for Calm After Sydney Protests Turn Violent

Australian political leaders have urged calm and called for peaceful demonstrations after protests opposing Israeli President Isaac Herzogs visit to Australia escalated into violent clashes with police in central Sydney....

Bangladesh Secures Reduced 19% U.S. Tariff in Landmark Trade Agreement

Bangladesh has secured a reduced 19% U.S. tariff under a new reciprocal trade agreement signed with the United States, marking a significant development for the countrys export-driven economy, particularly its vital...

UK Condemns Israel’s West Bank Expansion Plans, Urges Immediate Reversal

The United Kingdom has strongly criticised Israels recent decision to expand its control over the occupied West Bank, warning that the move risks violating international law and undermining prospects for peace in the...

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

Alphabet Plans Rare 100-Year Sterling Bond to Fund AI Expansion

Alphabet is preparing to issue a rare 100-year sterling bond as part of a broader multi-currency debt offering, marking a notable move to expand its long-term borrowing strategy to support growing investments in artificial...

Amazon Explores AI Content Marketplace With Media Publishers

Amazon (NASDAQ: AMZN) is reportedly in discussions with media publishers about launching a new artificial intelligence content marketplace designed to connect news organizations and digital content creators with companies...

Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible

Taiwan has firmly rejected calls from the United States to relocate a large portion of its semiconductor manufacturing capacity, with senior officials stressing that the islands chip industry cannot be uprooted. Taiwan...

Samsung Electronics Shares Jump on HBM4 Mass Production Report

Samsung Electronics shares surged on Monday following reports that the South Korean tech giant is set to begin mass production of its next-generation HBM4 memory chips, a key component in artificial intelligence hardware....

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...
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