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FxWirePro: Tensions between U.S. and North Korea grows after failed summit at Hanoi

Mar 06, 2019 13:12 pm UTC| Commentary

Tensions seem to be rising once again, According to the latest report from South Korea, North Korea has started rebuilding a missile launch facility that was partly destroyed last year, according to satellite imagery...

Central Bank of Turkey stands pat, Committee to maintain tight monetary policy stance until inflation outlook rebounds

Mar 06, 2019 12:42 pm UTC| Commentary Central Banks

The Central Bank of Turkeys Monetary Policy Committee, today, decided to keep the key interest rate (one-week repo auction rate) on hold at 24 percent. The recently released economic indicators indicate that rebalancing...

API reports large draw while market awaits EIA report

Mar 06, 2019 12:01 pm UTC| Commentary

Oil benchmarks are struggling, despite the fact that supplies are declining relatively rapidly from OPEC beginning this year. However, growth concern in Europe and China are exerting downward pressure. WTI is currently...

FxWirePro: Retail sentiment remains favorable to S&P500 bulls

Mar 06, 2019 11:58 am UTC| Commentary

The U.S. benchmark stock index, SP500 is struggling lately, Since mid-February, the S500 has been struggling in a tight range of 60 points. The bulls look somewhat exhausted. However, good news for the bulls...

U.S. Treasuries gain ahead of February ADP non-farm employment data, host of FOMC speeches

Mar 06, 2019 11:43 am UTC| Commentary Economy

The U.S. Treasuries gained during late European session Wednesday ahead of the countrys ADP non-farm employment data for the month of February, scheduled to be released today by 13:15GMT. Also, speeches by members of...

ADP employment report preview

Mar 06, 2019 10:15 am UTC| Commentary

ADP employment data to be released at 13:15 GMT, is todays most vital dockets from the US to be watched by market participants. This report is one of the key data that investors will use to gauge US economic...

German bunds rise slightly ahead of ECB’s monetary policy decision, Eurozone Q4 GDP

Mar 06, 2019 09:56 am UTC| Commentary Economy

The German bunds slightly rose during European session Wednesday ahead of the European Central Banks (ECB) monetary policy meeting, due to be held on March 7 by 12:45GMT, besides, the eurozones gross domestic product (GDP)...

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Economy

Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices

Morgan Stanley is urging caution among investors who believe that surging oil prices will automatically trigger a rapid recovery for South Korean battery manufacturers. While recent headlines have painted an optimistic...

Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets

Hopes for a restoration of normal energy shipping through the Strait of Hormuz collapsed within hours on Saturday after Iran reimposed tight restrictions on the vital maritime corridor, just a day after declaring it open....

Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions

The uranium market is entering a powerful new phase, with structural supply shortfalls and rising energy security concerns driving long-term bullish momentum. A recent special report from BCA Research confirms that the...

Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say

A new report from BCA Research suggests that the recent surge in energy prices, driven by ongoing Middle East tensions, is unlikely to spark a prolonged period of runaway inflation in major global economies. According to...

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

Politics

Iran's Internal Power Struggle Threatens Strait of Hormuz Stability

Geopolitical tensions in the Middle East have intensified after Irans Islamic Revolutionary Guard Corps (IRGC) overturned a government decision to reopen the Strait of Hormuz, one of the worlds most critical energy...

North Korea Fires Multiple Ballistic Missiles Amid Growing Nuclear Ambitions

North Korea launched several ballistic missiles toward the sea off its eastern coast on Sunday, according to South Korea and Japan, marking Pyongyangs seventh ballistic missile test this year and its fourth in April alone....

North Korea Fires Ballistic Missile Eastward Amid Rising Global Tensions

South Koreas Yonhap news agency reported on Saturday that North Korea launched an unidentified ballistic missile in an easterly direction. Military officials in Seoul are still analyzing the missiles type and flight...

U.S.-Iran Tensions Escalate as Hormuz Crisis Deepens Amid Ceasefire Strains

Fragile ceasefire negotiations between the United States and Iran are facing serious pressure after a dramatic weekend of escalating confrontations in and around the Strait of Hormuz. New reporting from the Wall Street...

Brazil, Spain, and Mexico Unite to Support Cuba Amid U.S. Blockade

During a high-profile international summit held in Barcelona, the leaders of Brazil, Spain, and Mexico came together to announce a strengthened commitment to providing coordinated humanitarian aid to Cuba. The meeting,...

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

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 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

NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed

Morgan Stanley analysts have moved to cool speculation that NVIDIA Corporation (NASDAQ: NVDA) is plotting a major acquisition of a U.S. PC original equipment manufacturer (OEM). According to the investment bank, such a...

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...
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