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FxWirePro: Sell Euro against Dollar, targeting 1.12 area

Aug 25, 2015 10:52 am UTC| Insights & Views

Euro in recent days gained massive against Dollar. The reasons Euro was up could reverse going ahead pushing single currency down Massive risk aversion led to rapid unwinding of Euro based carry trades, which boosted...

FxWirePro: Buy Pound, sell Yen

Aug 25, 2015 10:20 am UTC| Insights & Views

Yen ranked as the top performer on BlackMonday, however yen bids are likely to disappear on Turnaround Tuesday, as global markets recover steadily except China. Chinese equity sell off continued, with its benchmark...

Guide to today’s important data and events

Aug 25, 2015 09:53 am UTC| Insights & Views

Lot of economic dockets to be released today, with medium risks associated. Data released so far - Australia - CB leading indicator to be released dropped by -0.2% in June. China - CB leading economic index rose...

FxWirePro: EUR/JPY short put ladder on HY vols

Aug 25, 2015 08:02 am UTC| Insights & Views

Rationale: The pair is likely to perceive implied volatility close to 11% of ATM contracts, thus we recommend deploying short put ladder spreads which is suitable for prevailing significantly higher volatility times. We...

FxWirePro: GBY/JPY hanging man on peaks, volumes confirmation intensify bearish trend - fresh short build ups on rallies

Aug 25, 2015 07:16 am UTC| Insights & Views

Technical briefing (GBP/JPY):On monthly chart, the formation of hanging man pattern candle on peaks of uptrend at around 193.456 levels. This would reveal a mediumterm downtrend direction.Overall pattern on the pair fixes...

Oil price drop threatening ECB’s outlook for higher inflation, raising likelihood of a more dovish ECB

Aug 25, 2015 07:14 am UTC| Insights & Views Central Banks

The ECB is faced with: i) a substantially stronger euro than expected, ii) inflation expectations are much below mandate-consistent levels, iii) oil prices are 31% lower than ECB expected in July, iv) GDP growth is looking...

FxWirePro: Yen gains as anticipated – delta risk reversal signals convert straddle into call writing

Aug 25, 2015 05:51 am UTC| Insights & Views

We kept reiterating that Yen to curiously get benefited from dollar, from last three consecutive weeks from the highs of 125.270 dollar has been losing upto 116.072 (this weeks low).Refer our earlier posts for more...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

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...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

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...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

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...

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...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

South Korea Excludes Crypto in Donation Law Update, Charities at Risk

South Koreas recent amendments to donation laws have raised concerns as cryptocurrency remains excluded from permissible donation methods. The Ministry of Public Administrations decision, reported by local media outlet...

Shiba Inu Burn Rate Skyrockets: 81M SHIB Destroyed, Prices Surge

Shiba Inu, the beloved dog-themed meme coin, experiences an astounding 4000% surge in its burn rate, resulting in the destruction of over 81 million SHIB coins. This significant development has sparked optimism among...

Samsung Trails Apple, Remains 2nd in Global Tablet Rankings, Q1 2024

In the first quarter of 2024, Samsung emerged as the second-largest tablet manufacturer globally, despite a slight sales decline compared to last year, as the International Data Corporation (IDC) reported. Samsungs...

Russia's Crypto Clampdown: Tight Regulations Aim to Curb Cryptocurrency Activities

Russia is poised to enact stringent regulations on cryptocurrency trading, aiming to curb the mass trade of digital assets like Bitcoin within its borders. This move, driven by geopolitical tensions and sanctions, signals...

Bitcoin's Ongoing Battle at $64K; Cardano's Hoskinson Ends Ripple Debate

Bitcoin traders are on edge as the cryptocurrency battles to sustain its position above $64,000, with analyst Josh Olszewicz warning of lingering concerns. Meanwhile, Cardanos Charles Hoskinson settles the Ripple and XRP...