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FX Hedging Strategy Series

FxWirePro: Bullion market edges higher to break 14-months highs - Hedge gold risks with via 3 way straddles versus puts

Apr 29, 2016 14:27 pm UTC| Commentary

Gold spot is attempting to break 14 months highs at 1284 today, as a weaker U.S. dollar and indecisiveness caused by the BoJs recent acts to leave its monetary policy unchanged supported the precious metal. On the Comex...

Currency snapshot (major pairs)

Apr 29, 2016 14:21 pm UTC| Commentary

Dollar index trading at 93.33 (-0.5%) Strength meter (today so far) Euro +0.64%, Franc +0.51%, Yen +0.77%, GBP +0.13% Strength meter (since last week) Euro +1.94%, Franc +1.61%, Yen +4.16%, GBP +1.66% EUR/USD...

Weakness in Norway's labour market less than expected despite weak economic growth

Apr 29, 2016 14:16 pm UTC| Commentary

Norges Banks Labour Agency survey released earlier today Norways registered unemployed data which showed the number of registered unemployed fell to 3.1% of the labor force in April, vs 3.3% in March. The number of new job...

FX Hedging Strategy Series

FxWirePro: Flirting with NDFs in Emerging Asian FX basket

Apr 29, 2016 14:07 pm UTC| Commentary

Long CNH-TWD 3m NDF: CNY-TWD is down by 1.3% including positive carry. The trade has not done well on TWDs gradual one-way appreciation. It should move higher in reasonable scenarios of Yuan depreciation. The...

Russia's manufacturing PMI falls to an eight-month low in April

Apr 29, 2016 13:56 pm UTC| Commentary

The seasonally adjusted Markit Russia Purchasing Managers Index fell to 48.0 in April from 48.3 in March. The index latest score was an eight-month low and likely reinforcing the predictions made by the IMF for a...

PBoC shows appreciation towards BoJ's decision, USD-CNY fixing lowest since July 2005

Apr 29, 2016 13:31 pm UTC| Commentary

In what can be perceived as a friendly gesture towards the BoJs decision of leaving monetary policy unchanged, Chinas PBoC lowered its USD-CNY fixing rate by 365pips today. It was the biggest daily decline since July 2005...

FX Hedging Strategy Series

FxWirePro: KRW at 6-month highs, best performer among EM – Trade with 2W diagonal CCS

Apr 29, 2016 13:13 pm UTC| Commentary

Korean currency has won the trading against US dollar in last 2 months, KRW gained almost 9.23% to evidence 6 months lows in USDKRW. Since the end of February, the KRW rallied the most in Asia and significantly...

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Economy

Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals

Gold prices reversed early gains and moved lower during Asian trading on Thursday, pressured by a strengthening U.S. dollar and reduced demand for safe-haven assets. Investor focus has shifted toward upcoming central bank...

Thailand Inflation Remains Negative for 10th Straight Month in January

Thailands annual headline inflation rate stayed in negative territory for the tenth consecutive month in January, underscoring continued price pressures driven largely by lower energy costs and government measures aimed at...

Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off

Silver prices tumbled sharply during Asian trading on Thursday, leading a broad sell-off across the precious metals market and erasing most of the short-lived rebound seen earlier this week. The steep decline highlighted...

South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks

South Koreas efforts to stabilise its currency are facing a growing domestic challenge as retail investors continue to pour record amounts of money into U.S. stocks, driving strong demand for dollars while the won trades...

Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady

Federal Reserve Governor Lisa Cook emphasized the importance of protecting the central banks credibility by ensuring inflation returns to its long-term target, signaling continued caution on monetary policy despite recent...

Politics

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Trump Endorses Clay Fuller in Georgia Special Election to Replace Marjorie Taylor Greene

President Donald Trump has thrown his weight behind conservative prosecutor Clay Fuller in the upcoming Georgia special election to replace Marjorie Taylor Greene, signaling a major shift in the political dynamics of...

CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences

Hong Kong-based conglomerate CK Hutchison has initiated international arbitration proceedings against the Panamanian government after Panamas Supreme Court annulled licences held by its subsidiary, Panama Ports Company, to...

Trump Stays Neutral on 2028 GOP Successor as Vance and Rubio Emerge as Top Contenders

President Donald Trump has declined to take sides in early speculation over who could succeed him as the Republican presidential nominee in the 2028 election, as Vice President JD Vance and Secretary of State Marco Rubio...

U.S. Justice Department Removes DHS Lawyer After Blunt Remarks in Minnesota Immigration Court

The U.S. Justice Department has removed a government lawyer from a high-pressure assignment in Minnesota following blunt comments made in federal court about her workload and the governments failure to comply with judicial...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...

SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO

Elon Musks SpaceX is reportedly exploring ways to secure early inclusion in major stock market indexes ahead of its highly anticipated initial public offering, a move aimed at boosting liquidity and stabilizing its share...
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