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FxWirePro: The Day Ahead- 28th July 2016

Jul 28, 2016 04:17 am UTC| Commentary Economy

Lot of economic dockets scheduled for today but all with low to medium risks associated. Data released so far: Australia: Import price index declined 1 percent q/q in second quarter, while export prices rose by...

Asian markets in red after FOMC, gold and silver higher

Jul 28, 2016 03:16 am UTC| Commentary

All the major Asian indices are trading on a lower note after FOMC kept interest rate unchanged. Gold and silver were trading on a higher note as gold made high of $1,342 and silver touched high of $20.38 marks. Japans...

CBI survey shows UK's retail sector has taken big hit after Brexit vote

Jul 27, 2016 15:38 pm UTC| Commentary

A survey by the Confederation of British Industry (CBI) showed on Wednesday that Britains retail sector has taken a huge hit in the aftermath of the vote to leave the European Union. The CBIs overall reading came in at...

CBRT maintains Turkey's inflation forecasts for 2016/17 in its Q3 inflation report

Jul 27, 2016 15:06 pm UTC| Commentary

Governor of the Central Bank of the Republic of Turkey (CBRT) Murat Cetinkaya announced the third Inflation Report of the year on Tuesday, where it maintained inflation forecasts for end-2016 at 7.5 percent and end-2017 at...

Lack of concrete policy changes in Russia-Turkey talks keeps lira muted

Jul 27, 2016 14:14 pm UTC| Commentary

The negotiations on the restoration of Russian-Turkish relations began on Tuesday, July 26 at the level of ministries. Relations between Russia and Turkey deteriorated after the incident on November 24, 2015, when a...

Hungarian base rate likely to remain unchanged until 2017-end

Jul 27, 2016 13:53 pm UTC| Commentary

The Monetary Policy Council (MPC) of the National Bank of Hungary kept the base lending rate on hold at 0.9 percent during a rate-setting policy meeting on Tuesday. The Council also left the interest rate corridor (a band...

Canadian bonds continue to rally as oil hovers around three-month low; GDP data eyed

Jul 27, 2016 13:39 pm UTC| Commentary

The Canadian government bonds continued to rally on Wednesday as crude prices remained at a three-months amid Bearish Fundamentals. The yield on the benchmark 10-year bond which moves inversely to its price fell 2-1/2...

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Economy

Wall Street Slides as Treasury Yields Surge to 19-Year High

Wall Street stocks closed lower Tuesday as a sharp U.S. Treasury bond sell-off pushed long-term yields to their highest level in nearly two decades, weighing heavily on technology shares. Rising oil prices and renewed...

Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears

Oil prices climbed on Tuesday, extending their weekly gains as renewed US-Iran tensions heightened concerns about crude supply disruptions through the Strait of Hormuz, one of the worlds most important energy shipping...

Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus

Gold prices fell sharply on Tuesday as surging U.S. Treasury yields and higher oil prices pressured the precious metal, while investors awaited the Federal Reserves July meeting minutes for fresh clues on the U.S. interest...

US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets

The U.S. dollar traded largely flat on Tuesday as expectations for a dovish Federal Reserve offset concerns over rising oil prices, elevated Treasury yields and continued tensions between the United States and Iran. The...

UK Wage Growth Holds at 3.5% as Unemployment Rises

UK wage growth excluding bonuses remained at 3.5% in the second quarter of 2026, while unemployment increased, pointing to further signs of weakness in the countrys labor market, according to the latest data covering June...

Politics

Israel Strikes Syrian Airbase Near Aleppo, Raising Tensions With Turkey

Israel launched eight airstrikes on Syrias Abu al-Duhur airbase near Aleppo on Tuesday, prompting condemnation from Turkey and concern from the United States over escalating regional tensions. Syrian state-run Ekhbariya...

Trump Says Iran Talks Halted as Hormuz Dispute Pushes Oil Higher

U.S. President Donald Trump said Tuesday that no negotiations with Iran were taking place and insisted the Strait of Hormuz remained open, contradicting Tehrans claim that the strategic waterway was still closed to...

Israeli Airstrike Kills Six Palestinians in Gaza as Trump Peace Plan Stalls

An Israeli airstrike in Gaza City killed at least six Palestinians and wounded 14 others on Tuesday, according to Gaza health officials, as efforts to advance U.S. President Donald Trumps Gaza peace plan remained stalled....

Pentagon Weighs Permanent U.S. Military Drawdown in Persian Gulf

The U.S. Department of Defense is assessing whether to permanently reduce its military presence in the Persian Gulfonce the Iran conflict ends, potentially reshaping Washingtons long-standing security posture in the Middle...

Philippines Confident in U.S. Defense Commitment Despite Middle East Redeployment

The Philippines does not expect a slowdown in military cooperation with the United States despite the redeployment of some American defense assets from the Indo-Pacific to the Middle East, a Philippine military official...

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 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...

Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion

Moodys Ratings has affirmed NVIDIA Corporations (NASDAQ: NVDA) Aa1 senior unsecured rating and Prime-1 short-term commercial paper rating, while maintaining a positive outlook. The decision follows NVIDIAs plan to provide...

Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO

Anthropic is reportedly considering expanding its revolving credit facility beyond an initial $10 billion target as the artificial intelligence company prepares for a potential initial public offering. Major Wall Street...

Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3

Moodys Ratings has upgraded four hybrid debt securities issued by Vodafone Group Plc (NASDAQ: VOD) to Baa3 from Ba1, following amendments to the instruments terms and conditions announced by the telecommunications group....

BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside

Bank of America expects Micron Technology (NASDAQ: MU) to deliver more than $230 in earnings per share by fiscal 2030, significantly above Wall Streets current peak estimates, as artificial intelligence demand reshapes the...