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FxWirePro: The Day Ahead- 17th April 2017

Apr 17, 2017 04:11 am UTC| Commentary Economy Central Banks

Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Data released so far: China: GDP grew by 1.3 percent in the first quarter, up 6.9 percent from a...

Changes to U.S. trade policy pose greatest risk to Canada’s economic outlook, warns Bank of Canada

Apr 14, 2017 15:00 pm UTC| Commentary Economy Central Banks

Bank of Canada held interest rate unchanged at 0.5 percent at its latest policy decision on Wednesday,but warned of persistent risks that suggest it will not hike anytime soon. In January, BoC governor Poloz had left the...

U.S. weekly jobless claims unexpectedly edge lower, signal strength in labor market

Apr 14, 2017 14:42 pm UTC| Commentary

According to a report released by the Labor Department on Thursday, U.S. weekly jobless claims unexpectedly fell in the week ended April 8th. It was the third straight weekly decline in claims and suggested that the U.S....

U.S. University of Michigan consumer sentiment beats expectations, strengthens further in April

Apr 14, 2017 14:04 pm UTC| Commentary

The University of Michigan index of consumer sentiment rose unexpectedly to 98 in the preliminary April estimate and reached its highest levels since January 2015. Consumer optimism on current economic conditions climbed...

China’s foreign direct investment growth rises 6.7 pct in March

Apr 14, 2017 13:34 pm UTC| Commentary

Chinas foreign direct investment (FDI) rose 6.7 percent year-on-year in March to reach 87.8 billion yuan (US$12.8 billion), the Ministry of Commerce said in a statement. The rise in March was slower compared to growth rate...

Central Banking Series

Monetary Authority of Singapore keeps monetary policy unchanged as widely expected

Apr 13, 2017 15:40 pm UTC| Commentary Central Banks Economy

The Monetary Authority of Singapore (MAS) kept its monetary policy unchanged on Thursday as widely expected. As indicated in the October meeting, policymakers observed that a neutral policy stance is appropriate for an...

Oil in Global Economy Series

OPEC upgrades 2017 global oil demand growth forecast to 1.27 million barrels per day

Apr 13, 2017 15:03 pm UTC| Commentary

OPEC upgraded its 2017 global demand growth forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day as thirst from Asia rises. In its new monthly oil report on Wednesday, OPEC pointed to an...

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Economy

S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence

The SP 500 and Nasdaq closed at fresh record highs on Friday as investors poured into AI-related stocks and welcomed stronger-than-expected U.S. jobs data, reinforcing confidence in the resilience of the American economy....

Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations

The U.S. dollar weakened on Friday after stronger-than-expected April jobs data reduced speculation about potential Federal Reserve interest rate cuts. Investor sentiment also improved after President Donald Trump stated...

European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears

European stock markets closed lower on Friday as renewed military tensions between the United States and Iran rattled investor confidence and intensified concerns about global energy supplies. The escalating conflict...

Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand

Gold prices climbed on Friday and were set for a strong weekly gain as the U.S. dollar weakened following the latest U.S. jobs report. Investors also turned to safe-haven assets amid ongoing tensions in the Middle East and...

Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Ceasefire Uncertainty

Global oil prices climbed Friday as escalating tensions in the Strait of Hormuz continued to disrupt energy markets, despite U.S. President Donald Trump insisting that the ceasefire between Washington and Tehran remains...

Politics

Trump Reportedly Approves Plan to Remove FDA Commissioner Marty Makary Amid Growing Controversies

President Donald Trump has reportedly approved a plan to remove U.S. Food and Drug Administration (FDA) Commissioner Marty Makary, according to sources familiar with discussions inside the White House. While officials say...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

US Revises UN Resolution on Iran Strait of Hormuz Attacks Amid Russia-China Opposition

The United States has revised its proposed United Nations Security Council resolution calling on Iran to stop attacks and mining activities in the Strait of Hormuz, but diplomats say the changes are unlikely to prevent...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

U.S., South Korea Launch Shipbuilding Partnership Initiative

The United States Department of Commerce and South Koreas Ministry of Trade, Industry and Energy (MOTIE) have signed a new Memorandum of Understanding (MOU) to strengthen bilateral cooperation in the global shipbuilding...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...

TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit

TikTok and the Trump administration are reportedly close to reaching a $400 million settlement tied to allegations that the popular video-sharing platform violated U.S. child privacy laws. According to ABC News, the...

Trump Invites Top CEOs Including Nvidia, Apple, Boeing to China Summit With Xi Jinping

The Trump administration has reportedly invited executives from some of Americas largest corporations to join President Donald Trump on his upcoming trip to China next week, according to a Semafor report. The visit is...

CoreWeave Q1 2026 Revenue Surges as AI Infrastructure Demand Grows

CoreWeave reported mixed first-quarter 2026 earnings on Thursday, posting massive revenue growth driven by rising demand for artificial intelligence infrastructure, while widening losses reflected aggressive expansion...