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Australian bonds plunge as investors cheer better-than-expected retail sales, riskier assets rally

Oct 05, 2016 05:04 am UTC| Commentary

The Australian government plunged Wednesday as investors cheered higher than expected retail sales data in August. Also, traders poured into safe-haven instruments amid losses in riskier assets including equities and crude...

FxWirePro: The Day Ahead- 5th October, 2016

Oct 05, 2016 04:56 am UTC| Commentary Economy

Lots of economic dockets scheduled for today but all with low to medium risks associated. Data released so far: New Zealand: ANZ commodity prices grew 5.1 percent in September. Japan: Markit services PMI...

Denmark’s FX reserve unchanged in September, key policy rate likely to stay on hold for longer time

Oct 05, 2016 04:53 am UTC| Commentary Central Banks

Danish central bank, Danmarks Nationalbank (DN) yesterday published FX reserve and central bank balance sheet for September. Denmarks FX reserve for September remained unchanged from August at DKK 450 billion. The central...

Asian markets marginally higher, gold and silver hit fresh 4-month low ahead of NFP job data

Oct 05, 2016 03:38 am UTC| Commentary

Asian indices were trading marginally higher on Wednesday but the commodities like gold and silver hit fresh 4-month low ahead of U.S. ADP as well as NFP job data. Gold hit fresh 4-month low at $1,266 and silver hit fresh...

Sentiment among Japan's big manufacturers wallows at multi-year lows

Oct 04, 2016 15:37 pm UTC| Commentary

Bank of Japans (BoJ) closely watched Tankan report released on Monday, October 3, showed that confidence among Japans largest manufacturers is at its lowest since the nation introduced measures to kick-start the struggling...

Reserve Bank of India cuts short-term lending rate by 25 bps as expected

Oct 04, 2016 15:15 pm UTC| Commentary

Reserve Bank of Indias two-day monetary policy review meeting which ended today saw newly appointed monetary policy committee (MPC), headed by new governor Urjit Patel announce a rate cut by 25 bps. All six of the monetary...

Chart of the Day Series

Chart of the Day: USD liquidity squeeze

Oct 04, 2016 14:56 pm UTC| Commentary Economy

This chart, shared by soberlook.com shows a squeeze in the dollar liquidity at the end of the third quarter. Interest rate jumped 135 basis points to 1.90 percent. The new regulations on the money market funds have been...

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Economy

Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist

Federal Reserve officials indicated that additional interest rate hikes could be necessary if inflation fails to ease, according to minutes from the central banks July Federal Open Market Committee (FOMC) meeting. The Fed...

US Dollar Hits Three-Month Low as Treasury Yields Fall

The U.S. dollar dropped to its weakest level in more than three months on Wednesday as falling Treasury yields pressured the greenback, while investors assessed the Federal Reserves latest signals on inflation and interest...

Gold Tops $4,500 as Dollar Slides After Treasury Bond Move

Gold prices surged on Wednesday, breaking above $4,500 an ounce for the first time since early June as falling U.S. Treasury yields pressured the dollar and boosted demand for the precious metal. Spot gold climbed 4% to...

U.S. Public Debt Tops $40 Trillion for First Time

U.S. public debt has surpassed $40 trillion for the first time, marking a historic milestone as persistent federal deficits and years of elevated government borrowing continue to expand the nations debt burden. According...

Oil Prices Climb as US-Iran Hormuz Tensions Rattle Markets

Oil prices moved higher Wednesday, with Brent crude reaching a roughly four-week high as tensions between the United States and Iran over the Strait of Hormuz continued to fuel concerns about global energy supplies. Brent...

Politics

Ukraine Names Yevhenii Khmara Defence Minister Amid Election Row

Ukrainian lawmakers appointed Yevhenii Khmara as the countrys new defence minister on Wednesday, deepening a major political shake-up as President Volodymyr Zelenskiy faces pressure over wartime elections and a fresh...

Trump Administration Allocates $206 Million for Gaza Peacekeeping Force

President Donald Trumps administration is allocating more than $206 million to support a proposed Gaza peacekeeping force, marking the first major U.S. financial commitment to its stalled Gaza reconstruction and security...

Israel, Syria Discuss Turkey’s Military Presence Before Airstrike

Israels Mossad chief Roman Gofman held a rare phone call with Syrian Foreign Minister Asaad al-Shaibani on August 14, with Turkeys growing military presence in Syria dominating the discussion, according to three people...

UN Chief Raises Concern Over US Sanctions on ICC Officials

United Nations Secretary-General Antonio Guterres has expressed serious concern over the United States decision to impose sanctions on International Criminal Court President Tomoko Akane and senior trial lawyer Abdoulaye...

Israeli Airstrikes Kill 10 Palestinians in Gaza as Ceasefire Diplomacy Stalls

An Israeli airstrike on a police station in Gaza killed nine Palestinians on Wednesday, according to medics, as diplomatic efforts to advance U.S. President Donald Trumps Gaza peace plan remained stalled. Medical and...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

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...

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...

Technology

OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead

OpenAI reported an 18% increase in second-quarter revenue, but widening losses and rapid growth at rival Anthropic are adding pressure on the ChatGPT maker, according to The Wall Street Journal. OpenAI told investors that...

Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut

Unitree Robotics shares skyrocketed in their Shanghai stock market debut on Wednesday, highlighting surging investor interest in Chinas robotics and artificial intelligence sectors. The Chinese humanoid robot maker saw its...

Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks

Goldman Sachs has identified nine Japanese semiconductor and electronic components stocks it believes are well positioned for growth, particularly as artificial intelligence and data center demand accelerates. The bank...

Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth

Baidu shares plunged to a near one-year low on Wednesday after the Chinese technology giant reported weaker-than-expected second-quarter results, as declining advertising revenue overshadowed strong growth across its...

OpenAI Tightens AI Safety Monitoring After Security Incidents

OpenAI is strengthening oversight of its most advanced artificial intelligence models as the company works to prevent unexpected or potentially dangerous behavior from increasingly autonomous AI systems. The ChatGPT...
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