Scrapping FA Cup replays has upset smaller clubs, but they could still win from being matched against the top sides 
Your smartphone might be linked to crocodile attacks in Indonesia. Here’s how 
South Africans go to the polls to choose a new government: what’s different this time 
FxWirePro-Gold Daily Outlook 
FxWirePro-Silver Daily Outlook 
FxWirePro- Gold Daily Outlook 
FxWirePro- Gold Daily Outlook 
Iran: who will be the next supreme leader? 
Apple’s 2022 decision to exclude Holocaust sites from its Memories feature raised red flags about memory management 
Why the US government is intervening in the live music business and could break up Live Nation Entertainment – a music industry scholar explains 
Why are organisational cover-ups so common? 
FxWirePro- Gold Daily Outlook 
FX reserve managers, which have started accumulating reserves again since the second half of 2016, are on track to be purchasing $140bn of bonds this year with a further rise likely for 2018.
Assuming continued capital inflows to EM, in particular, equity and FDI flows, we project that bond purchases by FX reserve managers will increase to $330bn in 2018, the same level as in 2013.
This implies a return to pre-oil crisis, i.e. pre -2014, pace. This would represent normalization in FX reserve manager flows rather than a return to very high accumulation years.
As can be seen in the above figure, this $330bn projection still stands below averages by historical standards.
Accordingly, US HG & HY spreads -15bp and -20bp, respectively, so 2% and 5.5% returns. Euro HG spreads +6bp & HY +70bp (-1% to 1% returns).
The perspectives in FX space during 2018: USD to rally in Q1/Q2, then reserve lower to end year - 2%. By year-end, USD higher vs AUD, NZD, MXN, INR, TRY & ZAR; lower vs EUR, JPY, CAD & BRL; and stable vs CNY and KRW.
