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Thu, May 07, 2026 03:25 AM All times are UTC

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Currency snapshot (major pairs)

Nov 03, 2016 12:32 pm UTC| Commentary

Dollar index trading at 97.36 (-0.01%) Strength meter (today so far) Euro -0.22%, Franc -0.07%, Yen +0.22%, GBP +1.44% Strength meter (since last week) Euro +0.78%, Franc +1.26%, Yen 1.42%, GBP +2.57% EUR/USD...

FX Hedging Strategy Series

FxWirePro: Driving forces of NOK longs – Stay short in EUR/NOK via option and cash trades

Nov 03, 2016 12:23 pm UTC| Commentary

In this write-up, we emphasize on longs in G10 petro currencies. We have a structurally bullish view on Norwegian krone which is predicated on several drivers, not only just improved crude oil prices: improving growth...

Briferendum Aftermath Series: Blow from High court against UK government

Nov 03, 2016 12:09 pm UTC| Commentary

The United Kingdom government, led by Theresa May suffered a massive blow from the High Court of the United Kingdom, which is likely to dismantle the current plan and add to the uncertainty. The court has ruled that the...

Eurozone unemployment rate declines to 5-year low in September, in line with consensus

Nov 03, 2016 12:04 pm UTC| Commentary Economy

The unemployment rate of eurozone declined to 1 5-year low during the month of September, remaining in line with consensus and boosting hopes for a modest strengthening of the recovery as 2016 draws to a close. Italys...

No fireworks from BoE today

Nov 03, 2016 11:27 am UTC| Commentary

The pound has taken a major hit last monthwhen it declined to as low as 1.184 against the dollar. The decline in the pound came despite the fact that the UK economy has done remarkably well in the aftermath of the...

China's FX reserves likely to fall sharply in October on rising PBoC intervention, stronger greenback

Nov 03, 2016 11:19 am UTC| Commentary Economy

The foreign exchange reserves of China are expected to have sharply fallen during the month of October, following rising intervention from the Peoples Bank of China (PBoC) amid strong appreciation of the greenback against...

Worrisome Signs Series: S&P 500 signals turmoil ahead

Nov 03, 2016 10:57 am UTC| Commentary

US benchmark stock index, SP 500 has been declining since 25th of October and it has declined for the past seven days, facinga looming rate hike from the US Federal Reserve, uncertainties surrounding the US election...

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Economy

Yen Surges After Suspected Japan Currency Intervention

The Japanese yen strengthened sharply on Wednesday, hitting its highest level in more than two months after reports suggested that Japanese authorities recently intervened in the foreign exchange market to support the...

Italy Services PMI Nears Stabilization as Middle East Tensions Push Costs Higher

Italys service sector faced mounting cost pressures in April 2026, with businesses reporting the sharpest rise in input prices in more than three years amid ongoing instability in the Middle East. According to the latest...

European Stocks Rally as Trump Halts Hormuz Operation, Oil Prices Slide

European stock markets opened sharply higher on Wednesday after U.S. President Donald Trump paused a military-backed effort to reopen the Strait of Hormuz, boosting investor confidence and raising hopes for a potential...

Fitch Upgrades Argentina to B- as Milei Reforms Strengthen Economy

Fitch Ratings has upgraded Argentinas Long-Term Foreign Currency and Local Currency Issuer Default Rating to B- from CCC+ with a Stable outlook, signaling growing confidence in the countrys economic recovery under...

Asian Currencies Rise as Middle East Tensions Ease, South Korean Won Surges After Inflation Data

Asian currencies mostly strengthened on Wednesday as easing geopolitical tensions in the Middle East boosted investor confidence and weakened the U.S. dollar. Market sentiment improved after U.S. President Donald Trump...

Politics

Ukraine Accuses Russia of Violating Ceasefire Amid Fresh Drone and Missile Attacks

Ukraine has accused Russia of breaking a newly proposed ceasefire just hours after it came into effect at midnight on Wednesday, intensifying tensions in the ongoing Russia-Ukraine war. Ukrainian officials reported that...

US Military Strike in Eastern Pacific Sparks Debate Over ‘Narco-Terrorist’ Operations

The U.S. military confirmed on Tuesday that it carried out another deadly strike in the Eastern Pacific, targeting a vessel allegedly linked to drug trafficking operations. According to U.S. Southern Command, the operation...

Guatemala President Bernardo Arevalo Appoints Gabriel Garcia Luna as New Attorney General

Guatemalan President Bernardo Arevalo has appointed former judge and university professor Gabriel Estuardo Garcia Luna as the countrys new attorney general, marking a significant political shift in Guatemalas justice...

Rubio Signals Possible U.S. Action on Cuba, Calls Current Situation “Unacceptable”

U.S. Secretary of State Marco Rubio said Tuesday that the current situation in Cuba is unacceptable, signaling that the United States intends to address ongoing concerns involving the island nation in the future. Speaking...

Lula and Trump to Discuss Brazil-U.S. Anti-Crime Partnership During Washington Meeting

Brazilian President Luiz Inacio Lula da Silva is expected to prioritize security cooperation and organized crime prevention during his upcoming meeting with U.S. President Donald Trump in Washington this week. According to...

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

Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom

Hua Hong Semiconductor shares soared on Wednesday as investors rushed into technology stocks fueled by strong artificial intelligence momentum and improving confidence in Chinas economy. The Hong Kong-listed chipmaker...

Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges

Infineon Technologies (ETR: IFXGn) raised its fiscal 2026 revenue growth forecast on Wednesday, citing booming demand for AI data center power chips despite continued weakness in the electric vehicle semiconductor market....

BHP Attracts AI-Focused Investors as Copper Demand Surges

BHP Group is drawing growing attention from international investors as the global artificial intelligence boom increases the value of copper, according to Chief Financial Officer Vandita Pant. Speaking at the Macquarie...

AMD Q1 Earnings Surge on AI Demand, Stock Jumps After Strong Guidance

AMD delivered stronger-than-expected first-quarter 2026 earnings, fueled by booming demand for artificial intelligence infrastructure and data center chips. The semiconductor giant reported adjusted earnings of $1.37 per...

Agentic AI Boom to Drive Massive Growth in CPU Market, UBS Says

The rapid rise of agentic AI is reshaping the future of data center infrastructure, creating major growth opportunities for CPU manufacturers such as Arm Holdings, AMD, and Intel. According to UBS analyst Timothy Arcuri,...