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USD/INR likely to trade towards 65 level with support at 64, says Scotiabank

Sep 22, 2017 05:57 am UTC| Commentary Economy

The USD/INR currency pair is expected to trade towards the 65 level with the 64 support, but the pair will be buffered against a sharp and persistent depreciation given the nations large foreign reserves that rose to a...

JGBs gain tracking following U.S. Treasuries after North Korea threatens hydrogen bomb attack

Sep 22, 2017 05:09 am UTC| Commentary Economy

The Japanese government bonds gained tracking similar momentum in the U.S. counterpart after North Korean leader Kin-Jong-Un said that the North would consider the highest level of hard-line countermeasure in history...

Asian markets in red on geopolitical pressure from North Korea, gold hovers around $1,300 mark

Sep 22, 2017 04:43 am UTC| Commentary

All the major Asian indices were trading on a red note on last trading day of the week. Gold was trading around $1,297 mark while silver was trading around $17.02 mark. Japans Nikkei was trading 0.35 percent lower at...

FxWirePro: The Day Ahead- 22nd September 2017

Sep 22, 2017 04:19 am UTC| Commentary

Lots of economic data and events scheduled for today but all with low to medium volatility risks associated. Upcoming: France: Second quarter GDP numbers will be released at 6:45 GMT, followed by the release of...

New Zealand bonds rise on election uncertainties, 10-year yields down 130bps

Sep 22, 2017 04:03 am UTC| Commentary Economy

The New Zealand bonds rose during early Asian session Friday as investors poured into safe-haven instruments, following hovering uncertainties ahead of the September 23 general election. The yield on the benchmark...

Australian bonds jump tracking firm U.S. Treasuries amid silent trading session

Sep 22, 2017 02:33 am UTC| Commentary Economy

The Australian bonds jumped, tracking strength in the U.S. Treasuries during early Asian session Friday despite a set of inspiring economic data released yesterday amid a silent trading session that witnessed data of...

FxWirePro: U.S. Natural gas inventory preview

Sep 21, 2017 14:16 pm UTC| Commentary

Natural gas is currently trading at $3.03 per MMBtu. Key factors at play in natural gas market Russia and the United States are set to fight for market share in Asia and in Europe. Japanese imports of US...

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Economy

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...

Japan Signals Openness to Gradual BOJ Rate Hikes as Deflation Era Ends

Japans government may not need to appoint reflation advocates to upcoming vacancies on the Bank of Japan (BOJ) board, signaling potential support for gradual interest rate hikes as the country moves beyond decades of...

U.S. Stock Futures Slip as Tech Stocks Tumble Ahead of Key CPI Inflation Data

U.S. stock index futures edged lower Thursday evening after a sharp sell-off in technology stocks dragged Wall Street into steep losses, while investors turned their attention to upcoming consumer price index (CPI)...

Politics

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...

Robert F. Kennedy Jr. Announces Key Leadership Changes at HHS in Major Department Restructuring

U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. has announced significant changes to his management team as part of a broader restructuring effort within the department. The leadership updates,...

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

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...

Pentagon Seeks Broader Access to AI Tools on Classified Military Networks

The Pentagon is accelerating efforts to deploy advanced artificial intelligence tools across both unclassified and classified military networks, signaling a major shift in how the U.S. Department of Defense plans to...
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