How vanishing debt costs helped the UK forget about a never-ending deficit

Aug 31, 2017 14:53 pm UTC| Insights & Views Economy

When the UK government found 1 billion to for Northern Ireland to secure Democratic Unionist parliamentary support, critics accused it of turning to the same magic money tree it had previously mocked others for believing...

Kenya targets Whatsapp administrators in its fight against hate speech

Aug 31, 2017 14:47 pm UTC| Insights & Views Technology

The Kenyan government is waging a war against online hate mongers with what would appear to be a zero-tolerance policy. In an unprecedented move two chat group administrators have been arrested. They were charged with...

FxWirePro: Deploy Call ratio spreads to hedge USD/KRW on status quo BoK

Aug 31, 2017 13:01 pm UTC| Research & Analysis Central Banks Insights & Views

Bank of Korea (BOK) stood pat to maintain rates unchanged at 1.25% as broadly anticipated. The rates were left on hold since cutting by 25bp in June-2016. The economy is advancing with the Korean central bank projection of...

FxWirePro: EUR/GBP risk reversals divulge bears’ bet for slower pace in bullish rout – Bid 1m/3m IV skews to optimise debit call spreads

Aug 31, 2017 12:59 pm UTC| Research & Analysis Insights & Views

The implied volatility of ATM contracts for near month expiries of EURGBP is a tad below 8% for 3m tenor and remained below 7.75% for 1m tenor, these tepid IVs among G10 FX space appears to be conducive for overpriced call...

FxWirePro: All eyes on ECB, more room for EUR/GBP bulls’ flash or crash move – Uphold RV options trades

Aug 31, 2017 10:36 am UTC| Research & Analysis Central Banks Insights & Views

Well, after all, it seems puzzling whether levels well above 1.20 for EURUSD and 0.9306 for EURGBP might be too much for ECB President Mario Draghi and his colleagues on the ECB council. Despite the fact that European...

FxWirePro: Evaluation of EIA’s crude inventory reports and projections – US exports to cushion WTI-Brent RVs

Aug 31, 2017 09:22 am UTC| Research & Analysis Insights & Views

This weeks report was bullish for crude, neutral for gasoline and bearish for distillate. Total commercial crude and product stocks declined 1.1 Mb to 1303.4 Mb, and over the past 9 weeks have drawn 48.8 Mb or 775 kb/d....

FxWirePro: WTI –Brent IV spread surges to the 1-year high, can it converge again?

Aug 31, 2017 07:44 am UTC| Insights & Views

Crude oil markets linger to focus on the consequences of Hurricane Harvey, as the hurricane turned tropical storm forces the closure of several refining plants and import/export terminals along the Texas and Louisiana...