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FxWirePro: The Day Ahead- 23rd June 2017

Jun 23, 2017 04:43 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today and all with low to medium volatility risks associated. Data released so far: Japan: Nikkei manufacturing PMI declines to 52 in June according to flash...

Australian bonds tad lower on profit-booking in silent trading session

Jun 23, 2017 03:41 am UTC| Commentary Economy

The Australian bonds remained tad lower Friday as investors booked in profits on the last trading day of the week amid a muted trading session that witnessed data of little economic significance. The yield on the...

Hungarian forint appears well anchored, EUR/HUF to fall modestly in 2017-2018

Jun 22, 2017 23:11 pm UTC| Commentary

In the past month, the EUR/HUF consolidated close to 307, which is closer to the bottom of the 305.60-314.29 year-to-date range. Stronger than anticipated data from Hungary, which is an important support for the HUF, was...

RBI June meeting minutes show most member in wait-and-see mode, risks of rate cut rising

Jun 22, 2017 23:09 pm UTC| Commentary Central Banks

The Reserve Bank of Indias June 7 policy meeting minutes indicated that most members were still in a wait-and-see mode in spite of the constant slowdown in inflation. Out of six members, five voted to keep rates on hold at...

Mexican peso likely to remain volatile, USD/MXN to trade around 18.10 by end-2017 – Lloyds Bank

Jun 22, 2017 23:08 pm UTC| Commentary

In the past month, the Mexican peso was the best-performing EM currencies in the past month. The USD/MXN dropped from a high of 18.62 to a low of 17.90 and has subsequently edged up to 18.20, noted Lloyds Bank in a...

Norges Bank keeps interest rate on hold, removes easing bias

Jun 22, 2017 22:29 pm UTC| Commentary Central Banks

As was expected, the Norwegian central bank maintained its key interest rate at 0.5 percent on Thursday. But the Norges Bank, in a hawkish move, removed its easing bias as the interest rate forecast now is flat on 0.5...

U.S. Leading Economic Index continues to rise in May

Jun 22, 2017 20:41 pm UTC| Commentary

The U.S. Leading Economic Index continued to rise in May. The index rose 0.3 percent in the month, rising for the ninth straight month. The rise was in line with the anticipations for a continued moderate...

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Economy

ECB Expands Euro Liquidity Backstop to Strengthen Global Role of the Euro

The European Central Bank (ECB) has unveiled plans to permanently expand access to its euro liquidity backstop, opening the facility to central banks worldwide in a strategic move to reinforce the euros international...

U.S. Inflation Cools in January as Gas Prices Fall, Core CPI Signals Sticky Price Pressures

U.S. consumer prices rose less than expected in January, offering modest relief to households as gasoline and rental costs eased. However, persistent increases in service-related expenses suggest the Federal Reserve may...

U.S. Stocks End Mixed as January CPI Cools, Treasury Yields Slide

U.S. stocks closed mixed on Friday after a volatile trading session, as investors reacted to softer-than-expected January CPI data and falling Treasury yields. The SP 500 finished flat at 6,835.08, while the Dow Jones...

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...

Politics

Canada Calls for Regime Change in Iran Amid Rising U.S. Military Tensions

Canadian Foreign Affairs Minister Anita Anand has stated that Canada is seeking a change of government in Iran, underscoring Ottawas firm stance on Tehrans human rights record and diplomatic conduct. Speaking to The Globe...

Gideon Saar to Join Trump’s Gaza Peace Board Meeting as U.S. Unveils Reconstruction Plan

Israeli Foreign Minister Gideon Saar is set to attend U.S. President Donald Trumps first formal Board of Peace meeting on February 19 in Washington, according to two Israeli officials. The high-level summit is expected to...

Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development

U.S. defense technology firm Anduril Industries is reportedly in discussions to raise billions of dollars in fresh funding at a valuation of at least $60 billion, according to a recent report by The Information citing...

Trump Maritime Action Plan Targets U.S. Shipbuilding Revival and Port Fee Funding

The Trump administration has unveiled a sweeping Maritime Action Plan aimed at rebuilding U.S. shipbuilding and strengthening the nations broader maritime industry. The more than 30-page strategy outlines a long-term...

Peru Congress Schedules Debate on Motion to Remove President Jose Jeri Amid Scandal

Perus Congress has scheduled a key debate for Tuesday on a motion to remove President Jose Jeri, intensifying political uncertainty in the country. Congressional leader Fernando Rospigliosi announced the decision on social...

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

Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy

Elon Musks AI chatbot Grok is rapidly gaining traction in the U.S., even as it faces mounting global criticism over the generation of non-consensual and sexualized AI images. According to data from app intelligence firm...

Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems

Lockheed Martin has been awarded three U.S. Department of Defense contracts worth approximately $101 million, reinforcing its role as a leading defense contractor in advanced military systems, fighter jet support, and...

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...