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Central Banking Series

CNB to keep policy rate unchanged, likely to reiterate plan to exit EUR/CZK floor in mid-2017

Dec 19, 2016 08:00 am UTC| Central Banks Commentary Economy

The Czech National Bank (CNB) is expected to keep the policy rate unchanged at its monetary policy meeting scheduled to be held on December 22. Recent communications by the central bank suggest that it plans to exit its...

FX Hedging Strategy Series

FxWirePro: FED’s forward guidance – Signs of three hikes out of seven schedules in 2017 stimulates 6m-1y USD OTC hedging functions

Dec 19, 2016 07:41 am UTC| Central Banks Research & Analysis

You could expect the prospects of expansionary fiscal policy in theUS under Trump regime that likely drives US interest rates higher and therefore strengthen the dollar further. Trump is also likely to protect US...

FX Hedging Strategy Series

FxWirePro: Aussie AAA downgrade at stake - Deploy AUD/JPY diagonal straps on buzzing HY IVs ahead of BoJ monetary policy

Dec 19, 2016 06:59 am UTC| Central Banks Research & Analysis

TheAustralian federal governments mid-year fiscal updateis expected to show a deteriorating deficit as broad economic weakness offsets commodity price gains. Markets will be watching for any rating agency reactions. The...

FX Hedging Strategy Series

FxWirePro: GBP/AUD Vega longs bidding 3m IVs in 3-way straddles versus OTM theta shorts to optimize hedging with effective costing

Dec 16, 2016 12:13 pm UTC| Central Banks Commentary

Although RBA kept cash rates unchanged at 1.5% in therecent meeting, monetary policy would remain expansionary over thelong run; themore easing cycle is on cards. In other words, the Aussie central bank members can make...

Bank of Russia maintains key interest rate at 10 pct

Dec 16, 2016 11:35 am UTC| Commentary Central Banks

The Bank of Russia Board of Directors, today, decided to maintain the key interest rate at 10 percent. According to the Board of Directors, the dynamics of economic activity and inflation are consistent with the...

Bundesbank chief argues against monetary easing

Dec 16, 2016 11:35 am UTC| Commentary Central Banks Economy

One of the most influential members of the European Central Bank (ECB) and the chief of German central bank Jens Weidman has once more stepped up his criticism of ECBs monetary policy. Speaking today, Mr. Weidman said that...

BoJ seems committed to keep 10-year yields at zero pct, likely to keep policy rate steady

Dec 16, 2016 11:08 am UTC| Central Banks Commentary

The Bank of Japan is expected to release its two-day monetary policy meeting decision onTuesday, December 20. It is widely expected to keep its benchmark interest rate unchanged at -0.10 percent while continue to buy at 80...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Traders Forecast Best Altseason Since 2017 as Bitcoin Momentum Cools

As Bitcoin stabilizes above $64,000, traders forecast a burgeoning altcoin market that may mirror the explosive growth last seen in 2017. Bitcoin Rebounds Over Weekend, Traders Anticipate Potential Altcoin...

MicroStrategy's Bold Strategy Pays Off: Stock Skyrockets Amid Bitcoin Fluctuations

Despite the cryptocurrencys volatility, MicroStrategys stock soared by an impressive 461.7% over the past year, buoyed by strategic investments in Bitcoin and innovative debt management. MicroStrategy Triumphs: Stock...

Elon Musk in Beijing to Propel Tesla's Self-Driving Tech in China

Tesla CEO Elon Musk unexpectedly visited Beijing on Sunday to discuss launching Teslas Full Self-Driving technology in China and navigate data transfer policies amidst heightened US-China trade collaborations. Elon Musk...

Bitcoin Miners See Sharp Drop in Fee Revenue Following Halving Event

Following the recent Bitcoin halving, transaction fees, which once soared, now represent just 35% of miner revenue, significantly impacting their earnings amidst stable network conditions. Bitcoin Halving Sees Miner...

Adidas and Stepn Unveil NFT Sneakers in Trailblazing Web3 Partnership

Adidas has partnered with the Solana-based fitness app Stepn to launch an exclusive NFT sneaker collection, signaling the sports giants further dive into the Web3 space. Adidas Steps Into Web3 with Stepn Collaboration,...