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Currency War Series

Banxico plans to fight Trump effects with higher interest rate

Nov 16, 2016 09:17 am UTC| Commentary Economy Central Banks

Banco de México, popularly known as Banxico will announce interest rate decision tomorrow at 19:00 GMT and it is expected that the central bank will increase interest rate sharply to fight of the recent effects of a...

Jump in U.S. bond yields on Trump-led reflation expectations poses challenge to ECB

Nov 16, 2016 08:29 am UTC| Commentary Economy

The European Central Bank is challenged by the latest rise in US bond yields on Trump-led reflation expectations. EU rates were not spared from rising global yields, which in turn, have raised doubts over the ECBs...

Renminbi Series

Renminbi Series: Bubbly housing sector in China

Nov 16, 2016 07:25 am UTC| Commentary Economy

We at FxWirePro were caught on the wrong side in our trading/call in copper, in the wake of Donald Trumps victory. While we forecasted a Trump win and warned that copper might defy our stop loss, we were reluctant to bet...

U.S. Q3 likely to remain healthy on upbeat domestic demand; USD to remain stable, says Barclays

Nov 16, 2016 07:07 am UTC| Commentary Economy

The United States economy is expected to have remained healthy during the third quarter of this year, as strong domestic demand will fuel the countrys economic growth. Also, a lesser amount of downside drag is seen to come...

Global dairy prices rise for seventh straight month at latest GDT auction

Nov 16, 2016 06:25 am UTC| Commentary Economy

Global dairy prices rose for the seventh straight month at the latest GloablDairyTrade auction concluded Tuesday amid continuing decreases in supply. The GDT price index increased 4.5 percent to USD3,519, up from...

India’s consumer inflation eases in October, bolsters hope for RBI December rate cut

Nov 16, 2016 05:28 am UTC| Commentary Economy Central Banks

Consumer prices in India eased during the month of October, bolstering hopes for a December interest rate cut by the Reserve Bank of India (RBI). Indias October consumer price index (CPI) Inflation fell to 14-month low...

FxWirePro: The Day Ahead- 16th November, 2016

Nov 16, 2016 04:21 am UTC| Commentary Economy Central Banks

Lots of economic dockets and events scheduled for today but all with low to medium risks associated. Data released so far: Australia: Wage price index grew 0.4 percent in third quarter, up 1.9 percent from a year...

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Economy

CPI Update: Australia's Inflation Falls to 2.1%, Impacts on the AUD

Australias annual inflation rate for September 2024 stands at 2.1%, down from 2.7% in August, indicating the lowest inflation increase since July 2021. This decline is largely due to significant decreases in electricity...

$7,500 EV Tax Credit at Risk: California Challenges Trump With New Statewide Rebate Proposal

As President-elect Donald Trump eyes eliminating federal EV tax credits, California Governor Gavin Newsom proposes a $7,500 state rebate to protect clean transportation efforts and keep zero-emissions vehicles affordable...

Kia and Hyundai Unshaken as BYD Sets 2025 South Korea Launch in Competitive EV Market

As BYD prepares to enter South Koreas EV market in 2025, Kia and Hyundai show no signs of concern. Experts highlight that tariffs, subsidy issues, and local consumer preferences make it challenging for BYD to compete with...

Mexico Blasts Trump’s Tariffs: ‘This Won’t Stop Migrants or Drugs!’—Tensions Surge in Border Standoff

The Mexican government has strongly criticized former President Donald Trumps proposed tariffs, arguing they will fail to curb the flow of migrants and drugs across the border. The sharp response highlights escalating...

Economic Shockwaves: How Trump's Tariffs Could Affect Your Wallet

President-elect Donald Trump has announced new tariff plans that will affect trade with Canada, Mexico, and China. Here are the main points: Tariff Plans: 25% Tariff on Canada and Mexico:Starting January 20, Trump...

Politics

Google's DOJ Trial On Schedule: US Judge Rejects Delay Amid Trump Administration Shift

A US judge declined to postpone the Department of Justices antitrust trial against Google, slated for April, despite potential policy shifts under President Trumps administration. The DOJ alleges Googles illegal monopoly...

Trump’s Tariff Plan Will ‘Reignite Inflation’—Economists Sound Alarm Over Sweeping Import Taxes

President-elect Donald Trump has announced sweeping new tariffs on goods imported from Mexico, Canada, and China as a cornerstone of his economic and foreign policy strategy. The proposed measures, which include a 25%...

Trump’s Stunning Win ‘Makes Patriotism Cool Again,’ Say Critics as Cultural Divide Deepens

Donald Trumps victorious return to the presidency has sparked a cultural shift, reigniting patriotism among Americans, particularly young voters. For years, openly expressing love for the country was often perceived as...

Biden's Bold Move: New Rule Permits HIV-Positive Organ Transplants, Sparking Debate Over Medical Breakthroughs

In a landmark decision aimed at addressing the nationwide organ shortage, the Biden administration announced a new rule on Tuesday permitting organ transplants between HIV-positive donors and HIV-positive recipients. U.S....

Matt Gaetz Replacement Race Heats Up: Trump Endorses ‘Seafood Tycoon’ Jimmy Patronis—But Will Florida Decide Differently?

The race to replace former U.S. Representative Matt Gaetz is intensifying, with Floridas Chief Financial Officer Jimmy Patronis emerging as a front-runner. Gaetz, who resigned on November 13 after being nominated as U.S....

Science

From using plant rinds to high-tech materials, bike helmets have improved significantly over the past 2 centuries

Imagine its the mid-1800s, and youre riding your high-wheeled, penny-farthing bicycle down a dusty road. Sure, it may have some bumps, but if you lose your balance, youre landing on a relatively soft dirt road. But as the...

Why does everything look flat even though the Earth is round?

Ever since the ancient Greeks first made observations of the circular Moon and the skies, scientists have known that the Earth is a sphere. Weve all seen beautiful images of the Earth from space, some photographed by...

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

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...

Technology

Drake Hits UMG, Spotify, and Apple With Bombshell Claims Over Siri Playing Kendrick Lamar’s ‘Not Like Us’

Drake has taken legal action against Universal Music Group and Spotify, accusing the companies of conspiring with Apples Siri to promote Kendrick Lamars Not Like Us over his music. The allegations, though unproven, ignite...

Tesla Exclusion from EV Tax Credit Proposal Blasted by Congressman as Musk Slams California's 'Insane' Plan

Californias proposed EV tax credit plan has sparked outrage, with Tesla excluded despite being the states only EV manufacturer. Congressman Ro Khanna and Elon Musk have condemned the decision, calling it harmful to local...

OpenAI's Sora Sparks Artist Backlash: 'We’re Not Free Bug Testers for Billion-Dollar Brands'

OpenAIs early access program for Sora, a generative AI tool marketed as a creative partner for artists, is facing severe criticism. Artists participating in the program allege that the initiative prioritizes corporate...

Tesla Out of California’s EV Tax Credit Plan? Shocking Exclusion Sparks Debate Over Federal and State Policies

Californias new EV tax credit proposal may exclude Tesla, despite its dominance in the electric vehicle market. Governor Gavin Newsom suggests the move would encourage competition, as federal subsidy changes loom under...

Nvidia's Fugatto AI Transforms Voices and Sounds, Ushering in a New Audio Era

Nvidia on Monday introduced Fugatto, a groundbreaking AI model that transforms voices and generates new sounds from text descriptions. Aimed at revolutionizing audio creation in music, film, and gaming, Fugatto showcases...