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Euro is the new Yen

Aug 13, 2015 12:17 pm UTC| Insights & Views

Euro just shot up over Chinas devaluation of Yuan from 1.098 against Dollar on Tuesday to 1.12 by last night. While Dollar was up against most currencies and commodities, Euros move might baffle investors. Why Euro...

Is China in economic distress or shifting?

Aug 13, 2015 11:50 am UTC| Insights & Views Economy

Undoubtedly Chinese economy has slowed down considerably in past few years, as evident from many economic dockets, such as GDP (which has slowed to 7%, slowest in more than a decade), industrial production (from double...

FxWirePro: USD/CAD tests trendline support - Portfolio evaluation of covered call

Aug 13, 2015 11:16 am UTC| Insights & Views

USD/CAD is currently testing trendline supports at 1.2960 levels; this pair has been unable to sustain trendline resistance at 1.3212 levels, according to which in our last posts sometimes earlier this week "covered call"...

Treasuries’ drop indicates return of risk on

Aug 13, 2015 10:48 am UTC| Insights & Views

Treasuries are down today, pushing yields higher as Peoples bank of China (PBoC) in a rare press conference tried to calm nerves assuring three consecutive days of devaluation is not part of nay larger or major devaluation...

Euro rally indicates Euro area not immune to PBoC's devluation

Aug 13, 2015 10:27 am UTC| Insights & Views

The PBOC raised the official reference point for the renminbi from 6.1162 to 6.2298 on Tuesday, the biggest move since 1994. The bank increased the fixing again on Wednesday to 6.3306, bringing the devaluation to 3.5% over...

FxWirePro: WTI crude still weaker; backspreads to arrest most likely extended slumps

Aug 13, 2015 10:20 am UTC| Insights & Views

US crude inventory level checks have missed the estimates but improved from previous levels at -4.4M, as a result crude has shown a little surge in its price. US crude oil inventory checks printed at -1.7M yesterday which...

Another devaluation day from PBoC but panic subsides

Aug 13, 2015 09:58 am UTC| Insights & Views

Three consecutive daily devaluation from PBoC, marks major shift in Chinese Yuan, which for quite some time has remained one way ride up against Dollar. After 1.9% devaluation via fix on Tuesday, 1.6% on Wednesday, PBoC...

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Economy

U.S. Stock Futures Hold Steady as Wall Street Eyes Middle East Diplomacy and Earnings Season

U.S. stock index futures were relatively flat Tuesday evening following a strong regular session that pushed the SP 500 close to its all-time closing high. By late evening, SP 500 Futures hovered near 7,007.75, Nasdaq 100...

Oil Prices Slip as U.S.-Iran Ceasefire Hopes Ease Middle East Tensions

Oil prices continued their downward trend during Asian trading hours on Wednesday, extending significant losses from earlier in the week as diplomatic developments between the United States and Iran raised hopes for a...

China's Trade Surplus Shrinks Sharply in March Amid AI Import Surge and Export Slowdown

Chinas trade balance dropped significantly in March, falling well below market expectations as a surge in imports collided with weaker-than-anticipated export growth. Official customs data revealed a trade surplus of...

Australian Business Confidence Crashes Amid Iran War Oil Shock

Australian business confidence suffered one of its steepest monthly declines on record last month, as the ongoing conflict involving Iran triggered a severe global oil shock that rattled markets and spooked company...

RBA's Hauser Flags Uncertainty on Rate Settings Amid Iran War Economic Risks

Australias central bank is treading carefully on monetary policy, with Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser admitting he lacks full confidence that current interest rates are calibrated correctly...

Politics

South Africa Appoints Roelf Meyer as New U.S. Ambassador Amid Diplomatic Tensions

South African President Cyril Ramaphosa has selected Roelf Meyer, a celebrated figure in the countrys transition from apartheid, to serve as South Africas next ambassador to the United States. Presidential spokesperson...

Trump Says Iran War "Very Close to Over" as Ceasefire Holds

President Donald Trump expressed cautious optimism about the ongoing U.S.-Iran conflict on Tuesday, suggesting the war may be nearing its conclusion. In an exclusive White House interview with Fox Business anchor Maria...

NYC Protests Demand End to U.S. Arms Sales to Israel, Dozens Detained

Dozens of demonstrators were arrested in New York City on Monday during widespread protests calling for the United States to halt arms sales to Israel and withdraw its military support for the country. The antiwar...

Trump Nominates Korean-American Michelle Steel as U.S. Ambassador to South Korea

Donald Trump has nominated Michelle Steel, a former Republican congresswoman from California, to serve as the United States ambassador to South Korea a diplomatic post that has remained vacant throughout his second term...

Prince Harry and Meghan Return to Australia for Mental Health and Veterans-Focused Tour

Prince Harry and Meghan, the Duke and Duchess of Sussex, have touched down in Australia for a four-day visit centered on mental health awareness, community resilience, and support for military veterans and their families....

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

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

Anthropic Nears $800 Billion Valuation as Investor Confidence Surges

Anthropic, the artificial intelligence startup behind the Claude AI assistant, is reportedly fielding investment offers that could value the company at up to $800 billion. According to Business Insider, multiple venture...

SK Hynix Shares Hit Record High Amid AI Memory Demand Surge

SK Hynix shares soared to an all-time high on Tuesday, riding a wave of renewed investor confidence in artificial intelligence infrastructure and fresh momentum from developments tied to fellow memory chipmaker SanDisk....

Amazon in Advanced Talks to Acquire Globalstar in Starlink Rivalry Move

Amazon.com Inc (NASDAQ: AMZN) is reportedly in advanced negotiations to acquire satellite operator Globalstar Inc (NASDAQ: GSAT), marking a bold strategic push by the tech giant to challenge SpaceXs dominant Starlink...

Anthropic Discusses Frontier AI Model Mythos With Trump Administration Despite Pentagon Ban

Anthropic is actively engaging with the Trump administration about its latest frontier AI model, Mythos, even as the company navigates an ongoing dispute with the Pentagon, co-founder Jack Clark revealed Monday at the...

AI Deradicalization Tools: How Chatbots Could Help Combat Violent Extremism Online

As artificial intelligence platforms become more deeply embedded in daily life, concerns about their role in enabling dangerous behavior continue to grow. A New Zealand startup is now developing a groundbreaking tool that...