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German and Italian data calm down euro sell-off stress after Greece bailout

Jul 14, 2015 11:43 am UTC| Insights & Views

The German ZEW has softened for three consecutive months, partly on the back of Greek-related tensions. On the other hand, euro area industrial production has disappointed with a contraction of -0.4% in May from over...

Iran done deal weighs on oil, time to buy IRR

Jul 14, 2015 10:55 am UTC| Insights & Views

Six major world powers (US, UK, France, Russia, Japan and Germany) sealed a nuclear deal with Iran, which is at one hand likely to curb Irans nuclear ambition for decades and free up Iranian crude in already oversupplied...

FxWirePro: Hedge and speculate XAU/USD using Spreads and Combinations

Jul 14, 2015 10:47 am UTC| Insights & Views

The precious metal has been tumbling consecutively from last couple of weekly but it seems to test support at 1145.58 to bounce back. Falling wedge formation has occurred on weekly charting, since this is bullish pattern...

Bullion market hopes end of losing streak on wedge formation

Jul 14, 2015 10:42 am UTC| Insights & Views

Gold dropped 1% on Monday as the dollar gained against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the USFederal Reserve was still on track to raise rates this year also weighed. Greece...

BOE’s Carney gives pound a lift

Jul 14, 2015 10:31 am UTC| Insights & Views

Bank of England (BOE) Governor Mark Carney maintained his hawkish outlook, pushing pound higher against all of its major trading partners. Speaking at a Treasury Committee hearing BOE governor Mr. Carney said that the...

Why inflation remains low in UK?

Jul 14, 2015 09:45 am UTC| Insights & Views

Inflation continues to stand between Bank of England (BOE) and its first rate hike after the 2008/09 crisis. Todays data showed, despite rising wages, growing GDP and improvement in retail sales, not only head line...

Guide to today’s important data and events

Jul 14, 2015 08:27 am UTC| Insights & Views

Lot of economic dockets scheduled for today, with high risks associated. Data released so far - Australia - National Australia banks business conditions rose to 11 in June from 6 prior, business confidence rose to 10...

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Economy

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...

U.S.-Iran Tensions Rattle Asian Markets as Oil Surges Past $100

Asian stock markets declined sharply on Monday after weekend diplomatic talks between the United States and Iran collapsed without agreement, prompting Washington to announce plans to blockade the Strait of Hormuz. The...

Dollar Holds Steady Amid U.S.-Iran Tensions and BOJ Rate Hike Uncertainty

The U.S. dollar remained largely flat on Tuesday as currency markets balanced geopolitical risks from escalating U.S.-Iran tensions against hopes for renewed diplomatic progress. The dollar index edged up just 0.04% to...

Politics

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....

North Korea Tests Missiles From New Destroyer Under Kim Jong Un's Watch

North Korea has conducted fresh missile tests from its newest warship, the Choe Hyon destroyer, as part of ongoing operational trials observed by leader Kim Jong Un and top military officials. State media outlet KCNA...

Carney's Liberals Clinch Parliamentary Majority After Ontario and Quebec By-Elections

Canadian Prime Minister Mark Carney has secured a parliamentary majority for his Liberal government following three special by-elections held Monday in Ontario and Quebec, CBC News reported. The milestone victory gives...

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

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...

Meta Is Building an AI Version of Mark Zuckerberg to Interact With Employees

Meta Platforms is reportedly developing a photorealistic artificial intelligence version of its CEO, Mark Zuckerberg, designed to engage directly with employees on his behalf. According to the Financial Times, which cited...
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