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Currency snapshot (major pairs)

Jul 13, 2015 16:22 pm UTC| Insights & Views

Dollar index trading at 96.67 (+0.93%). Strength meter (today so far) - Euro -1.19%, Franc -1.19%, Yen -0.47%, GBP +0.05% Strength meter (since last week) - Euro -1.19%, Franc -1.19%, Yen -0.47%, GBP +0.05% EUR/USD...

Equity snapshot (indices)

Jul 13, 2015 16:04 pm UTC| Insights & Views

Equities are all trading in green today as risk aversion subsided further and Greece moves closer to a deal. Performance this week at a glance in chart table - SP 500 - SP likely to move into new high as Greek crisis...

15th July stands as next deadline in Greek crisis

Jul 13, 2015 14:58 pm UTC| Insights & Views

Lot of happenings over Greece over the weekend. As expected, Greece didnt get the deal it was seeking to seal. Germany and Euro zone leaders prevented a deal, since the reforms proposed remains inadequate to secure a...

Saudi keeps the oil market oversupplied

Jul 13, 2015 14:21 pm UTC| Insights & Views

Saudi Arabia has raised crude oil output to the highest level on record. OPECs monthly oil report showed Saudi Arabia increased production by more than 0.2 million barrels per day in June and pushed the net production to...

USD/JPY might reach 127 as monetary policy comes into focus

Jul 13, 2015 13:43 pm UTC| Insights & Views

Yen might reach 127 against dollar as central banks policy divergence is back in focus as Greek tension closes to settlement. Yen lost ground against most pairs today as risk aversion subsided further with European...

FxWirePro: Fed’s rate hike expectation in September sneaks demand for EUR/USD long butterfly

Jul 13, 2015 13:16 pm UTC| Insights & Views

We are firm with our recent call on EUR/USD, for those who dont like to accumulate either existing shorts on EUR positions or not longs dollar side with minimal delta terms; instead, better to take long term neutral...

Falling Gilts provide support to pound

Jul 13, 2015 12:14 pm UTC| Insights & Views

Since last Thursday, when UK budget was done with Gilts have started reversing course. Market participants were expecting a budget from Chancellor Osborne with much more austerity and lower Gilts issuance. This led to...

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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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