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Digital Currency Revolution

When China and other big countries launch cryptocurrencies, it will kick off a global revolution

Dec 13, 2019 09:44 am UTC| Insights & Views Digital Currency Central Banks

One of the hottest topics in cryptocurrencies is the prospect of major economies launching state-backed digital coins. Chinas central bank recently accelerated plans for what is currently known as the Digital Currency...

FxWirePro: CAD/JPY Diagonal Options Strips To Hedge Both Minor Major Trends Ahead of BoJ

Dec 13, 2019 07:52 am UTC| Research & Analysis Central Banks

CAD was one of the top performers in global FX throughout 2019 but CADJPY has been a laggard, the major downtrend of this pair has been robust amid mild upswings that seems to be momentary. For JPY, soft equity tone...

Digital Currency Revolution

ECB Chief To Expedite Taskforce With Clear Objectives On Digital Currency

Dec 13, 2019 06:28 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views Commentary

The European Central Bank (ECBs) new chief, Christine Lagarde has divulged her intentions to expedite the banks taskforce efforts on a digital currency project. At a news conference in Frankfurt following her first...

BSP keeps key interest rate unchanged at 4 pct, likely to cut by 50 bps in 2020

Dec 12, 2019 13:45 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, kept its Overnight Repurchase Rate on hold at 4 percent. BSP continues to be positive on domestic growth prospects. They expect sustained fiscal spending and favourable liquidity...

FxWirePro: Deploy USD/TRY Diagonal Debit Call Spreads on Turkish Rate Cuts

Dec 12, 2019 13:06 pm UTC| Research & Analysis Central Banks

The Turkish central bank (CBT) will hold its monetary policy meeting today: we expect the repo rate to be lowered by 150bps (from 14% to 12.5%), which is now also the median consensus forecast. This will bring the...

FxWirePro: ECB monetary policy preview and EUR/JPY OTC bids and options strategy

Dec 12, 2019 10:10 am UTC| Research & Analysis Central Banks

Euro crosses are struggling ahead of the main event which is the ECB policy announcement at 12:45GMT and Christine Lagardes maiden press conference from 13:30GMT. EURJPY has been gaining from the last 3-4 days, the pair...

FxWirePro: Spotlight on Brazilian lira and macros ahead of BCB monetary policy

Dec 11, 2019 15:30 pm UTC| Research & Analysis Central Banks

At its last monetary policy meeting this year, the Brazilian central bank should cut its key interest rate by a further 50 bp to 4.5%. This was announced quite clearly in the statement of its last meeting at the end of...

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Economy

GDP update: spending dips and saving soars as we stash rather than spend our tax cuts

Australians saved rather than spent most of the budget tax cuts, almost doubling the proportion of household income saved, leaving spending languishing. The September quarter national accounts show that in the first...

A global downturn looks likely, yet it's being totally ignored in the UK election

For all the marked policy differences between the different parties in the UK election, they share a common blindspot. They all seem to assume that the UK is the sole determiner of its economic fate. There is nothing in...

This small German town took back the power – and went fully renewable

The case for ambitious and transformative environmental policy is being made with increasing fervour and a series of Green New Deals a reference to Roosevelts economic reform programme in the 1930s have been proposed...

Economic democracy: why handing power back to the people will fix our broken system

Behind the superficial froth of the UK election campaign, the competing parties are offering fundamentally different visions of the economy, who controls it and who benefits from it. The Conservatives and, to some extent,...

Global and historical lessons on how land reforms have unfolded

What can South Africa learn about land reforms from wider global and historical experiences in the 20th century? Most land reforms have involved transferring rights of ownership from wealthy landlords to poor, small-scale...

Politics

Melania Trump's shocking expenditures on clothes revealed!

Melania Trump is a former model turned First Lady of the United States so no wonder she likes to be fashionable. However, it was recently revealed that she has been spending a staggering amount to replenish her wardrobe...

Why Michelle Obama defended Ellen DeGeneres against bashers for her friendship with George W. Bush

Michelle Obama took the side of Ellen DeGeneres and defended the popular host from bashers who criticized her for her friendship with the former POTUS George W. Bush. Barack Obamas wife explained that there was nothing...

Melania Trump, Donald Trump divorce rumors: What are their terms?

United States President Donald Trump is known for having married three times. However, rumors are circulating that his marriage to First Lady Melania Trump may be declining. The rumors started when Melania delayed her...

How Melania Trump was challenged by Donald Tramp’s first wife Ivana

President Donald Trump and his wife Melania are public figures who are always under media scrutiny. With this level of attention, feuds within the family, exes included, are bound to make their rounds with the press in no...

Ivanka Trump showed her support to Donald Trump at the signing of new EO related to anti-Semitism

Ivanka Trump showed her undying support to her father, Donald Trump, when she appeared at the Hanukkah reception at the White House yesterday, Dec. 10. She arrived with her husband Jared Kushner and together with First...

Science

Pacific Ring of Fire: Volcanologist reveals the most dangerous volcanoes

When it comes to earthquakes and eruptions, the Pacific Ring of Fire is what geologists and volcanologists are watching out for. A recent report reveals which of these volcanoes in the Ring of Fire are the most dangerous...

Aliens: Distant exoplanets may contain water sources

Space agencies are continuously studying the entities that are beyond the Earth, including one of the biggest mysteries in space. A new report reveals that distant exoplanets may have sources of water. One of the...

Antarctica shrank the brains of some scientists stationed there

For most people, Antarctica is a place they will never set foot in their entire lifetime. Its unbearably cold and covered year-round in ice, there are no hotels or fast food joints and there are no commercial ships or...

Particle X17: Mysterious particle can potentially be the 'fifth force of nature', experts say

Over time, more and more discoveries are being made in Science, and it still continues today. Scientists have made a breakthrough in discovering a particle that could potentially be the fifth force of nature. Express...

The big one: Cascadia fault can potentially trigger San Andreas and cause major earthquake

With the news of many natural calamities that have affected the West in recent years, it appears that another one may occur. A new report reveals that the Cascadia fault can once again trigger San Andreas, therefore...

Technology

AirPods holiday sales now live on Walmart, Best Buy

Those with tech-savvy and music-loving friends and are starting their holiday shopping early are in luck because several AirPods deals are now up online. Several discount offers can be found in different stores; however,...

iOS 14 announcement is very likely in June 2020

The launch of iOS 13 has been an underwhelming experience even to avid fans of Apple products. It is then not surprising if many iPhone and iPad users are now looking forward to having iOS 14. iOS 13 was just fully...

iPhone 12 price increase is unlikely to exceed $100

Every year, major tech companies are expected to refresh its flagship product lineups. It has also been customary for them to announce major specs and features upgrades since these are necessary to entice the public to...

iPhone SE 2 may end up being called iPhone 9

The iPhone SE 2 has been a recurring subject on tech fans weekly dose of Apple rumors. People now have a good idea of what to expect from the device, but a new report about its official name appears to be the most...

Google Pixelbook, other Chrome OS devices now on sale for the holidays

Black Friday and Cyber Monday may be over, but peoples chances to snag good deals on top Chromebook options are not over. Googles Pixelbook and Pixel Slate are just some of the Chrome OS-powered devices that are now up...
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