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FxWirePro: Short hedge for short-term USD/MXN traders as Banxico to line up with dovish league

Nov 09, 2017 13:18 pm UTC| Central Banks Research & Analysis Insights & Views Technicals

Tonight the Mexican central bank will leave its key rate unchanged at 7% once again. The fall in GDP in Q3 is due to the earthquake and tornados so that there is no reason for the central bank to react to the GDP data with...

FxWirePro: Hedge USD/MXN via 3-way straddle as monetary policy seems non-event for peso vols

Nov 09, 2017 13:15 pm UTC| Central Banks Research & Analysis Insights & Views

The Mexican central bank will likely leave its key rate unchanged at 7% once again, the meeting is unlikely to provide any surprises and should, therefore, be a non-event for the peso. Please be noted that the current...

FxWirePro: Rift within UK govt. to prompt the weaker GBP – Bid stellar gamma in pound crosses, hedge GBP/CAD via 3-way straddle versus OTM call

Nov 09, 2017 09:20 am UTC| Research & Analysis Insights & Views Central Banks

Tension is simmering within the UK government. After Defense Secretary Michael Fallon suddenly had to step down last week, Secretary of State for International Development Priti Patel was ordered to return to London during...

No change expected from the BoE until 2019, says Royal Bank of Canada

Nov 09, 2017 08:48 am UTC| Commentary Central Banks Economy

The Bank of England is not expected to deliver any change in its monetary policy decision until at least 2019. The central bank voted 7-2 to raise their policy rate in November, the first 25 basis points increase in a...

FxWirePro: RBNZ maintains “on hold” stance for forward guidance, NZD/JPY OTC outlook and hedging vehicles

Nov 09, 2017 06:52 am UTC| Research & Analysis Central Banks Insights & Views

The Reserve Bank of New Zealand left the OCR unchanged at 1.75%. The bottom line guidance paragraph was the same as has been used, more or less unchanged, since February this year:Monetary policy will remain...

RBNZ monetary policy: Assessing future bias

Nov 09, 2017 06:51 am UTC| Commentary Central Banks

Reserve Bank of New Zealand (RBNZ) announced monetary policy last night and kept its key overnight cash rate unchanged at 1.75%. Lets look at the policy statement details to assess the bias According to RBNZ...

FxWirePro: The Day Ahead- 9th November 2017

Nov 09, 2017 04:35 am UTC| Commentary Economy Central Banks

Lots of economic data and events scheduled for today and all with low to medium volatility risks associated. Data released so far: United Kingdom: RICS house price balance up 1 percent in October. Australia:...

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Economy

US Debt Tops $40 Trillion as Global Borrowing Costs Surge

U.S. government debt has surpassed $40 trillion for the first time, highlighting growing fiscal pressures as major economies face rising spending demands from ageing populations, defence, climate change and higher interest...

UK Budget Swings to Surprise £1.8 Billion Deficit in July

Britain recorded an unexpected 1.8 billion ($2.5 billion) budget deficit in July, as inflation-driven government spending outweighed record self-assessed income tax receipts, highlighting continued pressure on the UKs...

US Plans ‘Toughest Sanctions in History’ on Iran, Bessent Says

U.S. Treasury Secretary Scott Bessent said Washington is preparing to impose sweeping new sanctions on Iran, reinforcing President Donald Trumps push to intensify economic pressure on Tehran amid ongoing tensions and...

South Korea Producer Prices Fall 0.4% in July

South Koreas producer prices fell in July for the first time in nearly a year, as lower global crude oil prices helped offset rising agricultural costs caused by extreme summer heat. The producer price index (PPI) declined...

Japan Inflation Rises, Boosting BOJ Rate Hike Bets

Japans inflation accelerated for a third consecutive month in July, strengthening expectations that the Bank of Japan could raise interest rates again in the coming months as underlying price pressures intensify. Japans...

Politics

Prince Harry Faces Potential Multi-Million-Pound Legal Bill in Daily Mail Case

Prince Harry could soon learn how many millions of pounds he and other claimants must pay toward the legal costs of the publisher of the Daily Mail after losing a high-profile privacy lawsuit. On Friday, London High Court...

Russia Arrests Nine Over Alleged Ukraine-Linked Attack Plans

Russian authorities have arrested nine people in separate cases involving alleged plans to target strategic infrastructure and government sites, according to state news agencies citing the Federal Security Service (FSB)....

Trump Eyes Kim Jong Un Summit as North Korea Sets Tough Terms

U.S. President Donald Trump is seeking another meeting with North Korean leader Kim Jong Un later this year, but Pyongyangs guarded response suggests renewed diplomacy could depend on major changes in U.S. policy toward...

Myanmar Military Pushes to Clear Land for Russia-Backed Dawei SEZ

Myanmars military has deployed hundreds of troops around the Russia-backed Dawei Special Economic Zone (SEZ), as authorities seek to revive the strategically important project in the countrys southern Tanintharyi Region....

Imran Khan Returns to Prison After Islamabad Hospital Visit

Pakistans former Prime Minister Imran Khan returned to prison on Friday after spending several hours overnight at an Islamabad hospital for a medical examination ordered by the countrys Supreme Court. Khan, 73, was...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Samsung Shares Rise on $72 Billion Shareholder Return Plan

Samsung Electronics shares climbed on Friday following reports that the South Korean technology giant is preparing a shareholder return package potentially exceeding 100 trillion won ($72 billion). Samsungs board is...

Alibaba Shares Fall as AI Spending Hits Profit

Alibaba shares dropped nearly 3% in Hong Kong trading on Friday after the Chinese technology giant reported a steep decline in quarterly profit, as aggressive artificial intelligence investment weighed on earnings and cash...

Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits

Samsung Electronics is reportedly preparing a new shareholder return policy worth more than 100 trillion won ($71.75 billion), as booming demand for artificial intelligence chips drives expectations of record profits at...

SK Hynix Shares Surge on Record $28.6 Billion Buyback

SK Hynix shares staged a strong rebound on Thursday after the South Korean memory-chip giant announced a record 40 trillion won ($28.6 billion) share buyback and cancellation plan, providing fresh confidence to investors...

OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead

OpenAI reported an 18% increase in second-quarter revenue, but widening losses and rapid growth at rival Anthropic are adding pressure on the ChatGPT maker, according to The Wall Street Journal. OpenAI told investors that...
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