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FxWirePro: Hedging CNY risks after PBoC adjustments

May 25, 2016 13:13 pm UTC| Insights & Views

PBoC on FX policy: Chinese central bank has made dual modifications to its policy over the last year that is functioning significantly, primarily, the daily reference rate has become more market based. Secondarily, the CNY...

Weak construction activity likely to subtract 0.4pp from Australia's Q1 GDP, focus now on Q1 Capex

May 25, 2016 12:54 pm UTC| Insights & Views

Australias total construction work fell again in the first quarter of 2016 due to further weakness in engineering construction and sharp decline in non-residential building. Total construction in Q1 declined 2.6%, as...

FX Hedging Strategy Series

FxWirePro: Deploy vertical spreads to hedge WTI crude's further bullish risks ahead of US inventory check

May 25, 2016 12:05 pm UTC| Insights & Views

CrudeOil is pulling away from the markets biggest stormin seven years. A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy eases amid a potentialpact between the worlds...

FxWirePro: USD/MXN OTC FX market seems bizarre, perhaps on hopes of Banxico maintaining status quo in monetary policy

May 25, 2016 09:39 am UTC| Insights & Views Commentary

Ahead of Mexican prints on trade balance and current account balance is scheduled to be announced for today, unemployment rate on 27th, inflation report on June 9th. This is Banxicos reaction function, the central bank...

FX Hedging Strategy Series

FxWirePro: EUR/JPY put spreads bidding 2m risk reversals likely to fetch handsome yields and hedge event risks

May 25, 2016 09:03 am UTC| Research & Analysis Insights & Views

In next two months will see several developments, including notably the UK Brexit vote and the June FOMC meeting. While, the EUR/JPY 2m risk reversal is trading at extreme historical highs in favour of yen calls, close...

Why is childcare such a hard sell in the federal election?

May 25, 2016 06:44 am UTC| Insights & Views Politics

Spending on early years education seems to be a tough sell for politicians. A significant number of Australians, both politicians and voters, see childcare as a service to help parents get back to work, despite growing...

Why getting medical information from Wikipedia isn't always a bad idea

May 24, 2016 16:43 pm UTC| Insights & Views Health

Wikipedias detractors will tell you that the site is inaccurate, incomplete and unreliable. Many universities wont allow students to use Wikipedia as a reference in essays or assignments. So it may come as a surprise to...

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Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

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...

Technology

Samsung Chief Lee Jae-yong Wraps Up Europe Visit, Includes Vatican and Zeiss

Samsung Electronics Chairman Lee Jae-yong returned to Seoul this Friday after a crucial ten-day European trip, where he met with Pope Francis and explored potential business collaborations. The Korea Herald reported...

Bitcoin Thrives: Whales Accumulate Over 47K BTC Amidst Price Rally

Bitcoin experiences a transformative moment as large-scale investors, known as whales, acquire over 47,000 BTC, valued at $2.9 billion, amidst a price retreat. This strategic move marks a pivotal shift in sentiment,...

Kraken Pro Boosts Shiba Inu with New Margin Trading Option

Kraken Pros announcement of Shiba Inus (SHIB) inclusion in its margin trading pairs signifies a significant milestone for the meme-inspired cryptocurrency. This move underscores SHIBs growing prominence within the crypto...

Hong Kong Firm Dominates BlackRock's Bitcoin ETF, Surges to Top Holder

In a significant development for the cryptocurrency market, Hong Kong-based Yong Rong HK Asset Management Ltd has secured its position as the largest holder in the BlackRock iShares Bitcoin ETF (IBIT), according to recent...

Nintendo's Next-Gen: Switch 2 Could Hit 240FPS, Leaks Suggest

Leaked by data miner OatmealDome, Nintendos updated NintendoWare Bezel Engine reportedly supports frame rates potentially as high as 240FPS, a massive leap from the current 60FPS limit on the Nintendo Switch. The...