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Further weakness in CNY likely to push MYR towards upper end of 4.15-4.20 range, says Commerzbank

May 06, 2019 08:18 am UTC| Commentary Economy

Further weakness in the Chinese yuan and other Asian currencies could see the Malaysian ringgit climb towards the upper end of the 4.15-4.20 range, after being back to the 4.15 level, according to the latest research...

Fed Hike aftermath Series: Hike probabilities over coming meetings

May 06, 2019 07:54 am UTC| Commentary Central Banks

FOMC followed through its promise and hiked rates four times in 2018 and forecasted two more rate hikes for 2019. Current Federal funds rate - 225-250 bps (Note, all calculations are based on data as of 6th May) June...

Indonesia’s Q1 GDP growth eases as per estimates; higher government spending offset by pullback in investment growth

May 06, 2019 07:16 am UTC| Commentary Economy

Indonesias growth in gross domestic product (GDP) eased during the first quarter of this year, broadly in line with expectations. While government spending growth picked up ahead of the April elections, and private...

Norges Bank unlikely to adopt any changes to policy rate, may update guidance on rate hike: DNB Markets

May 06, 2019 06:44 am UTC| Commentary Central Banks Economy

The Norges Bank is not expected to adopt any changes in the policy rate at the upcoming monetary policy meeting on May 9, but may update its earlier guidance on a rate hike within six months of March this year, according...

FxWirePro: Sino-American trade spat rattles market on Monday

May 06, 2019 05:03 am UTC| Commentary Economy

Mondays trading and liquidity are usually thin but not this Monday, All the credit goes to President Donald Trump, whose weekend tweets cast serious doubts on the possibility of a trade agreement between the United...

FxWirePro: The Day Ahead- 6th May 2019

May 06, 2019 04:30 am UTC| Commentary

Sizable economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: Australia: TD Securities inflation index up 0.2 percent m/m in April. China: Caixin...

Australian 10-year bond yield plunges to over 1-month low amid reports of U.S.-China trade talks cancellation

May 06, 2019 03:23 am UTC| Commentary Economy

Australian 10-government bond yield plunged to over 1-month low on the first trading day of the week Monday amid lingering reports that China is considering to cancel all trade talks with the United States scheduled for...

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Economy

Oil Prices Rise as Houthi Attacks Threaten Middle East Supply

Oil prices climbed on Monday as escalating Middle East tensions, renewed Houthi attacks on Saudi Arabia, and tanker incidents near the Strait of Hormuz heightened concerns over global crude supply disruptions. Brent crude...

Bank of America Predicts Yen Rebound as USD/JPY Faces Risks

The Japanese yens prolonged depreciation has been driven entirely by offshore trading activity since 2025, according to Bank of America (BofA), highlighting a significant shift in global foreign exchange market dynamics....

Deutsche Bank CEO Urges Faster German Economic Reforms

Deutsche Bank CEO Christian Sewing has urged the German government to accelerate economic reforms, warning that slow implementation and political compromises could weaken Germanys competitiveness and long-term growth...

Trump Calls for Zelenskyy Replacement Amid Russian Diesel Deal

US President Donald Trump has called for Ukraine to replace President Volodymyr Zelenskyy, deepening tensions between Washington and Kyiv over a controversial agreement allowing Russian diesel exports to global markets....

Trump Secures Russian Diesel Deal as US Fuel Prices Surge

US President Donald Trump announced Friday that Russia had agreed to immediately supply diesel to American and global markets, aiming to ease soaring fuel prices ahead of the November 3 midterm elections. However, energy...

Politics

Houthis Warn Saudi Airports After Deadly Riyadh Attack

Yemens Iran-backed Houthis have warned airlines, passengers and airport employees to avoid Saudi Arabian airports and airspace following a deadly attack on Riyadhs King Khalid International Airport that killed 12 people...

Yandex Data Center Hit by Drone Strike as Russia-Ukraine Cyber Infrastructure Attacks Escalate

Russian technology giant Yandex has suspended operations at a major data center in the Vladimir region following a drone strike, marking the third attack on its server infrastructure within four days as the Russia-Ukraine...

Zelenskiy Offers Russia Energy Truce Amid Trump Pressure

Ukrainian President Volodymyr Zelenskiy said Sunday that Ukraine is prepared to suspend attacks on Russian oil refineries if Moscow agrees to stop targeting Ukrainian energy infrastructure, rejecting US President Donald...

Flydubai Co-Pilot Planned Suicide Attack on Israel Airport, UAE Says

An Omani flydubai co-pilot allegedly planned to hijack a Dubai-Tel Aviv flight and crash the aircraft into a terminal at Israels Ben Gurion Airport in a suicide attack on September 30, according to UAE prosecutors. UAE...

Trump Sanctions International Criminal Court, Sparking EU Backlash

US President Donald Trumps administration imposed sweeping sanctions on the International Criminal Court (ICC) on Friday, escalating tensions with European allies and raising concerns over the future of international...

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

Amazon in Talks to Acquire AI Startup Decart for $7 Billion

Amazon is reportedly negotiating a potential $7 billion acquisition of artificial intelligence startup Decart, signaling the technology giants growing ambitions in generative AI, real-time video processing, and advanced...

Apple Supplier Luxshare Sees Limited Impact From US Patent Probe

Chinese electronics manufacturer Luxshare Precision Industry expects minimal disruption to its business from a US patent infringement investigation involving power supply technology used in data centres. In a stock...

Elon Musk Eyes Semiconductor Manufacturing Expansion With $15 Billion Terrafab Project

Elon Musk believes his companies could eventually outperform established semiconductor manufacturers by developing more efficient chip production methods, although he cautioned that achieving this ambition could take...

Robinhood Chain Eyes Priority Gas Auctions for Faster Trades

Robinhood Chain, the Ethereum Layer-2 blockchain designed for tokenized real-world assets (RWAs), is reportedly considering a new transaction-ordering system that would allow traders to pay additional fees for faster trade...

Zcash Plans Quantum-Resistant Security Upgrade for January

Zcash (ZEC) developers are preparing to introduce quantum-resistant security features in January 2027, aiming to protect cryptocurrency wallets against potential threats from advanced quantum computing and artificial...
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