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On January 17, SpaceX said that the starship experienced a rapid unplanned disintegration during the launch burn. The team will continue to review the data from todays flight test to better understand the root cause. This flight test will help us improve the reliability of the starship.Futures News on January 17, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC), as of January 10, ① there were 47,356 unpriced sell orders for U.S. cotton on-call, a decrease of 1,694 lots from the previous month; there were 85,069 unpriced buy orders, an increase of 1,514 lots from the previous month; ② there were 14,122 unpriced contracts on the ICE Cotton 2503 contract, a decrease of 2,245 lots from the previous week; ③ there were 11,738 unpriced contracts on the ICE Cotton 2505 contract, an increase of 121 lots from the previous week; ④ there were 13,032 unpriced contracts on the ICE Cotton 2507 contract, a decrease of 305 lots from the previous week; ⑤ there were 0 unpriced contracts on the ICE Cotton 2510 contract, the same as the previous week; ⑥ there were 5,234 unpriced contracts on the ICE Cotton 2512 contract, an increase of 458 lots from the previous week.On January 17, SpaceXs new generation heavy-lift rocket "Starship" was launched from Texas, the United States on the 16th, carrying out its seventh test flight. Shortly after the launch, the second-stage spacecraft of the rocket lost contact with the ground team. The live broadcast of SpaceX showed that after the launch, the first-stage booster of the rocket was once again recovered from the launch tower. When landing, it was "clamped" by the mechanical arm on the launch tower and "captured" and recovered in mid-air. However, the second-stage spacecraft of the rocket subsequently lost contact with the ground team, and the live broadcast of the spacecraft was interrupted.SpaceX lost contact with Starship.SpaceX Starship conducted its seventh test flight and ignited and launched.

As Japan Prepares for BOJ Amamiya to Handle Monetary Policy, the EUR/JPY Rebounds from 142.00

Daniel Rogers

Feb 06, 2023 16:09

After falling to approximately 142.00 during the Asian session, the EUR/JPY pair has made a robust recovery. According to a Nikkei article published by Bloomberg, the Japanese government is aiming to recruit Bank of Japan (BoJ) Deputy Governor Masayoshi Amamiya to replace Haruhiko Kuroda as the head of the central bank.

 

In February, the nominees for Kuroda's replacement will be finalized, and discussions for a change from the ultra-loose monetary policy of the past decade will intensify.

 

The BoJ has already widened the yield curve to boost flexibility. Deputy Governor of the Bank of Japan Masazumi Wakatabe noted last week, "BoJ's December decision to broaden band was a necessary step to make YCC more sustainable, but the move alone may have undermined the effect of the stimulus."

 

For renewed impetus in the Eurozone, investors anticipate the release of Retail Sales data. The economic statistics is expected to drop by 2.7% annually, compared to the prior annual contraction of 2.8%. It is projected that the monthly data will decrease by 2.5% compared to the 0.8% growth reported earlier.

 

The Eurozone economy has suffered a decrease in consumer spending for five consecutive months, which will satisfy the European Central Bank (ECB) as it reduces its forecasts for the Consumer Price Index (CPI).

 

Pierre Wunsch, a member of the ECB Governing Council, told Reuters on Friday that the ECB will not reduce its benchmark interest rate from 50 basis points (bps) in March to zero in May. May might see a 25 or 50 basis point increase, according to Wunsch.


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