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Fri, Nov 01, 2024 03:40 AM All times are UTC

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EUR/USD Outlook

Nov 17, 2015 22:09 pm UTC| Commentary

Having reached a recent high of around 1.15 in mid-October, EUR/USD has fallen sharply over the past month, hitting a low below 1.0650. Conflicting news on US and euro area monetary policy have pulled the euro and the US...

US new residential building activity expected to expand

Nov 17, 2015 21:58 pm UTC| Commentary

Buoyed by unusually warm and dry weather conditions in the continental US, the number of new housing units started probably climbed by 1.2% to an eight-year high seasonally adjusted annual rate of 1.22 million units in...

Chile economy expected to grow below trend in the medium term

Nov 17, 2015 21:47 pm UTC| Commentary

The monthly economic activity index puts Q3 growth at 2.1% yoy, vs the old projection of 2.4% and Q2 growth of 1.9%. Sequentially, the economy likely grew by 0.3% qoq on seasonally adjusted basis. Given the weak trade data...

Australia's wage growth bottoming out

Nov 17, 2015 21:24 pm UTC| Commentary Economy

As unemployment in Australia started to rise in late 2012, wage growth slowed. By the start of this year, annual wage growth (excluding bonuses) had declined to 2.3%, the lowest in the series - admittedly fairly short -...

BoJ preview:BoJ to stay on hold with data and market movements mixed since the previous monetary policy meeting

Nov 17, 2015 16:24 pm UTC| Commentary Central Banks

The BoJ will hold a Monetary Policy Meeting (MPM) on 18-19 November. Although it lowered its real growth and CPI forecasts at the previous meeting (30 October), it decided to leave its monetary policy framework unchanged....

Bank Indonesia cuts RRR; flags start of easing cycle

Nov 17, 2015 16:00 pm UTC| Commentary Central Banks

Bank Indonesia (BI) lowered its reserve requirement ratio from 8.0% to 7.5%, with effect from 1 December, in an attempt to ease policy in a way that does not stoke currency volatility. Though not exactly a 25bp policy rate...

US Inflation heats up in October, paving the way for a Fed hike in December

Nov 17, 2015 15:50 pm UTC| Commentary

Consumer prices rose 0.2% (month-over-month) in October, driven by rising prices in core components. Core CPI (excluding food and energy) was up a matching 0.2%, in line with market expectations. On a year-over-year...

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Economy

China's Military Explores Meta’s AI for Advanced Applications, Raising Security Concerns

Chinas PLA Researchers Tap Metas AI Model for Military Purposes Top Chinese research institutions, including those linked to the Peoples Liberation Army (PLA), are reportedly adapting Metas Llama AI model for...

Indonesia's Inflation Eases, Core Inflation Surges Amid Economic Challenges

Indonesias Inflation Trends: Headline Eases, Core Inflation Surges October Inflation Overview Indonesias headline inflation rate eased to 1.71% in October, down from 1.84% in September. This rate aligns...

China Halts Investments in Europe Amid New Tariffs on EVs

China Halts Investments in Europe Amid New Tariffs on EVs China has directed its automakers to pause significant investments in European countries backing new tariffs on Chinese-made electric vehicles (EVs). This...

Sumitomo Corp Reports 11% Drop in Net Profit Amid Weak Coal Prices

Sumitomo Corps Financial Update Japanese trading house Sumitomo Corp reported a net profit of 254 billion yen (approximately $1.7 billion) for the six months ending September 2024. This figure marks an 11% decrease...

BYD Reports Strong Q3 Growth with 11.5% Profit Increase Amid EV Surge

BYDs Impressive Q3 Performance Chinese electric vehicle (EV) manufacturer BYD announced an 11.5% increase in net profit for the third quarter of 2024, fueled by strong sales and government trade-in incentives. The...

Politics

Donald Trump’s Last Crypto Call Rallies Bitcoin Supporters in High-Stakes Election Push

With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris....

‘Garbage or Nazis?’ Gov. Tim Walz Defends Biden’s Remarks on Trump Supporters—‘He Was Very Clear!’ Critics Demand Apology

Minnesota Governor Tim Walz is facing backlash after defending President Joe Bidens recent comment that referred to Trump supporters as garbage. In his statement, Walz, who recently compared Trump supporters to Nazis,...

‘America’s Going to Love It!’ Elon Musk Teases ‘Fun’ Second Trump Presidency—‘It’s Gonna Be Awesome!’ Sparks Mixed Reactions

In a tweet that has stirred up strong opinions across social media, billionaire Elon Musk shared his take on a potential second presidency for former President Donald Trump, calling it the most fun America has had in a...

‘A System Flaw Exposed!’ Non-Citizen Voting Incident at University of Michigan Sparks Outrage—‘Ballot Will Still Count!’

A 19-year-old student from China, enrolled at the University of Michigan, faces charges of illegal voting and perjury for allegedly casting a ballot in the 2024 U.S. election. The case has ignited a firestorm of...

U.S. Election Officials Brace for Disruptions Amid Misinformation and Threats

Heightened Security Measures in Key Battleground States Ahead of Election Day With the U.S. election just days away, officials across crucial battleground states like Philadelphia, Detroit, and Atlanta are...

Science

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Just 21 Minutes of Cycling a Day Is 'All You Need' for Total Health, Claims Expert

John Vinton, CEO of Aventon Bikes, insists that just 21 minutes of cycling each day can drastically enhance your health. This simple yet transformative practice can lead to a multitude of benefits, including reduced risks...

Urgent Alert: New COVID Variant Causes Alarming Symptoms—You Must Know This!

The UK is experiencing a rise in COVID-19 cases, with the UK Health Security Agency (UKHSA) confirming that the XEC strain of the virus is spreading. This variant, a combination of the KS.1.1 and KP.3.3 strains, is...

Technology

OpenAI's ChatGPT Search Takes on Google—Here's How to Use It

In a bold move against Google, OpenAI has unveiled ChatGPT Search, enhancing its AI with powerful search capabilities. Powered by GPT-4o, this new feature is rolling out to ChatGPT Plus users. Heres how you can get started...

Nvidia’s $700 Million Run:ai Acquisition Triggers EU Red Flags Over Competition Concerns

Nvidias $700 million acquisition of Israeli AI firm Run:ai faces an EU regulatory review amid competition concerns in tech markets. EU regulators may require Nvidia to make concessions to secure final approval for the...

Elon Musk Fires Back at Zoox Co-Founder's Doubts Over Tesla FSD’s Robotaxi Readiness

Zoox co-founder Jesse Levinsons critique of Teslas Full Self-Driving tech sparked a pointed response from Elon Musk. Levinson questioned Teslas approach to autonomous driving safety, suggesting it isnt equipped for...

XRP Whale Drops 31M Tokens As SEC Battle Reaches Pivotal Moment

An XRP whale transferred 31 million tokens to Bitso, intensifying market chatter as Ripples legal showdown with the SEC hits a pivotal stage. With XRP hovering around $0.50 support, investors brace for possible sell-off...

Bitcoin Eyes $123K as Zeberg Highlights Key Fibonacci, RSI, and MACD Signals

Bitcoins price could soon reach $123,000, predicts Henrik Zeberg, as technical indicators signal substantial upward momentum. With Bitcoin nearing critical Fibonacci and RSI thresholds, Zeberg suggests a powerful rally may...