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On August 30th, NASAs $4.3 billion telescope is scheduled to launch on Sunday, embarking on a 5- to 10-year mission to observe some of the universes most peculiar phenomena. NASAs Nancy Grace Roman Space Telescope will launch aboard a SpaceX Falcon Heavy rocket at 7:26 a.m. local time from Cape Canaveral, Florida. The launch will place the spacecraft into orbit at its final destination, aiming to operate approximately 1 million miles from Earth, and begin observing the skies as early as December. The Roman Space Telescope is specifically designed to explore some of the universes most perplexing and mysterious forces. It will attempt to record how dark matter and dark energy influence distant stars and galaxies and help scientists answer some fundamental questions about how the universe is expanding.On August 30, the 2026 National Social Science Fund Annual Project Review Meeting was held in Beijing. Li Shulei, member of the Political Bureau of the CPC Central Committee and Minister of the Publicity Department of the CPC Central Committee, attended and delivered a speech. The meeting emphasized that Chinese-style modernization provides a rich practical foundation and broad space for innovation for the high-quality development of philosophy and social sciences. It stressed focusing on primary tasks, fully utilizing resources and methods from various disciplines, and continuously deepening the systematic research and interpretation of the Partys innovative theoretical system. It also emphasized accelerating the construction of an independent knowledge system for Chinese philosophy and social sciences, actively researching and solving major theoretical and practical problems of Chinese-style modernization, promoting the creative transformation and innovative development of excellent traditional Chinese culture, and facilitating cultural exchange and mutual learning. Furthermore, it stressed the need to focus on building a research management system and organizational form conducive to solving real problems, deepening the systemic reform of the National Social Science Fund, advocating excellent academic style and writing style, improving the academic evaluation system, stimulating research vitality, and promoting the digital and intelligent empowerment of philosophy and social science research.The Ukrainian military stated that Ukraine has struck an oil refinery in the Leningrad region of Russia and a military airbase in the Krasnodar region.August 30 - According to a report by the Icelandic National Broadcasting Corporation on the 30th, preliminary vote counts from the Icelandic referendum held on the 29th showed that a majority of voters opposed restarting negotiations for Icelands accession to the European Union.Malaysian Prime Minister Anwar Ibrahim: The new fuel quota system will be implemented on September 1.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.