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USD/KRW likely to head for 1,250 level amid domestic turmoil, says Scotiabank

Jan 11, 2017 05:43 am UTC| Commentary Economy

The KRW is likely to lead broad declines in regional currencies amid external uncertainty and domestic turmoil. The ideal strategy is to buy USD/KRW on dips and wait until the pair reaches 1,250 level in the months...

New Zealand bonds close modestly weak in subdued trade, Trump’s speech in focus

Jan 11, 2017 05:33 am UTC| Commentary

The New Zealand government bonds remained modestly weak at the time of closing amid a relatively subdued trading session Wednesday. Also, investors are curiously eyeing the United States President-elect Donald Trumps...

Malaysian industrial output growth surges year-on-year in November

Jan 11, 2017 05:29 am UTC| Commentary

Malaysias industrial output rose sharply in November on a year-on-year basis. According to Department of Statistics Malaysia, the industrial production grew significantly by 6.2 percent year-on-year, mainly driven by...

U.S. small business optimism surges in December, accompanies high uncertainty level

Jan 11, 2017 05:12 am UTC| Commentary

The U.S. small business optimism surged in December. The NFIBs small business optimism index rose 7.3 points to 105.8 in December, the third straight monthly gain and exceeding expectations of a modest gain to 99.5. This...

Canadian housing starts rise in December, growth likely to moderate in near-term

Jan 11, 2017 05:01 am UTC| Economy Commentary

Canadian housing starts rose in December, breaking ground on 207k new housing units in December, up from the 187k starts. This was also ahead of the market expectations of 195k. However, 6-month moving average basis,...

Australian bonds sag as investors cash in profits ahead of Trump speech

Jan 11, 2017 04:57 am UTC| Commentary

The Australian government bonds slumped Wednesday as investors cashed in profits ahead of the United States President-elect Donald Trumps speech later in the day. Also, market participants moved away from safe-haven buying...

FxWirePro: The Day Ahead- 11th January 2017

Jan 11, 2017 04:55 am UTC| Commentary Central Banks Economy

Lots of economic data and events scheduled for today but all with low to medium risks associated. Upcoming: Japan: Eco watchers survey for December will be published at 5:00 GMT. Trade balance for December will be...

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Economy

China EV Truck Boom Accelerates as Iran War Drives Diesel Prices Higher

Chinas electric heavy truck market is gaining momentum in 2026 as soaring diesel prices linked to the Iran war push transport companies toward cheaper and cleaner alternatives. Analysts and automakers believe rising fuel...

Wall Street Futures Edge Higher as Iran Tensions and AI Optimism Shape Markets

U.S. stock index futures moved slightly higher Thursday night as escalating tensions between the United States and Iran in the Strait of Hormuz pressured investor sentiment and pulled Wall Street away from recent record...

Gold Prices Hold Firm as Iran Tensions and Dollar Swings Drive Safe-Haven Demand

Gold prices edged higher on Thursday as investors closely monitored developments surrounding potential U.S.-Iran peace negotiations and renewed uncertainty in the Strait of Hormuz. Spot gold rose 0.3% to $4,705 per ounce,...

Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route

Oil prices climbed more than 1% on Friday after renewed clashes between the United States and Iran raised fears over global energy supply disruptions and weakened hopes for a lasting ceasefire in the Strait of Hormuz. The...

China-Made Fireworks Power U.S. Independence Day Celebrations Amid Trade Truce

Chinese fireworks factories are playing a major role in Americas 2026 Independence Day celebrations, despite ongoing trade tensions between the United States and China. In Liling, a major fireworks manufacturing hub in...

Politics

Australia’s Wealthy Donors Shift Support to One Nation Amid Conservative Party Decline

Australias political landscape is undergoing a dramatic transformation as wealthy donors increasingly abandon the conservative Liberal Party in favor of Pauline Hansons populist One Nation party. The shift comes after 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...

Vietnam Plans AI-Driven Propaganda Push With Influencers and Podcasts

Vietnams Communist Party is preparing a major overhaul of its propaganda strategy by recruiting social media influencers and artificial intelligence experts to strengthen control over online narratives and public opinion....

US-Iran Ceasefire Under Pressure as Fresh Strait of Hormuz Clashes Shake Oil Markets

The fragile ceasefire between the United States and Iran faced its toughest challenge yet after both sides exchanged fire near the Strait of Hormuz on Thursday, raising fresh concerns over Middle East stability and global...

Russia Downs Over 50 Drones Near Moscow Ahead of Victory Day Ceasefire

Russian air defence systems intercepted more than 50 drones targeting Moscow within roughly 15 hours, according to Moscow Mayor Sergei Sobyanin. The reported wave of drone attacks came just before Russias planned three-day...

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

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...

AWS Data Center Overheating Disrupts Cloud Services in Northern Virginia

Amazon Web Services (AWS), the cloud computing division of Amazon, announced Thursday that it is actively working to restore normal operations after overheating issues at one of its Northern Virginia data centers caused...

Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers

Japanese technology and semiconductor stocks rallied sharply on Thursday, driven by growing global optimism surrounding artificial intelligence and strong momentum in the AI chip sector. The surge followed impressive...

U.S.-China AI Talks May Take Center Stage at Trump-Xi Summit

The United States and China are reportedly exploring the possibility of launching formal discussions on artificial intelligence, according to a Wall Street Journal report published Wednesday. The talks could become a major...

Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat

Arm Holdings delivered stronger-than-expected quarterly earnings and revenue, driven by rising demand for artificial intelligence data center chips. However, despite the positive results, Arm stock reversed early gains in...