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FxWirePro: GBP/USD OTC “blowing out of proportion” - offset expensive ATM puts with option arbitrage

Nov 27, 2015 13:15 pm UTC| Technicals

The cable has cleared all crucial support zones, although bearish trend is on but dont expect steep slumps. As a result of bearish sentiments mounting in spot FX, OTC markets look like overreacting, please be noted that...

GBP/JPY Trade Idea

Nov 27, 2015 12:06 pm UTC| Technicals

Major intraday support -184.30 Any break below 184.30 will drag the pair slightly down till 183.40/183. Overall trend reversal level is 186 and above that level it will reach till 187/188. On the higher side...

GBP/JPY breaks major support 184.30, targets 183

Nov 27, 2015 11:43 am UTC| Technicals

GBP/JPY has broken major support 184.30 and this confirms major trend reversal , a decline till 183.80/183 is possible. Minor intraday trend reversal only above 185 and above 185 it will reach till 185.60/186. It...

FxWirePro: USD/CHF hits five- year high on talk SNB will follow ECB, good to buy at dips

Nov 27, 2015 11:31 am UTC| Technicals

USD/CHF has made a five year high on talk SNB will follow ECB. The pair made a high of 1.03280 and slightly declined from that level. It is currently trading at 1.02918. SNB President told Swiss news paper that Our...

FX Hedging Strategy Series

FxWirePro: GBP/USD IVs least among G7 – execute butterfly spreads via puts

Nov 27, 2015 11:05 am UTC| Technicals

Yes, cable has cleared all crucial support zones, although bearish trend is on but dont expect steep slumps. Since the cables implied volatility is still perceived to be the least within next 1w-1m time frame from other...

EUR/USD trades below 1.0600, decline below 1.0560/1.0500 is possible

Nov 27, 2015 10:52 am UTC| Technicals

EUR/USD has minor support 1.0600 and declined till 1.05770. Short term trend is weak as long as resistance 1.0640 (34 4H EMA) holds. On the higher side minor resistance is around 1.0606 and 1.0626. The pairs...

FxWirePro: Cable breaks major support after UK GDP data, good to sell on rallies

Nov 27, 2015 10:41 am UTC| Technicals

UK Q3 GDP 2nd release QOQ rose at 0.5% compared to forecast of 0.5% and YOY came at 2.3% compared to forecast of 2.3%. But business investment (2.2% vs. 0.8% exp) and private consumption (0.8% vs 0.7% exp) has...

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Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

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...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

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

Apple Reportedly Inks Deal with Samsung for Foldable Displays, Hints at Future Products

Speculations that Samsung Display was trying to sign Apple as its next big foldable display client surfaced online, but nothing was set in stone because Apple was unsure about building foldable products. However, Apples...

South Korea Backs Naver in Business Rift with Japan Over Line App

In response to Japanese regulatory pressure, South Korea has affirmed its commitment to defend its businesses, particularly Naver, as tensions over Lines operational independence intensify. Growing Tensions Over Tech...

South Korea Sets to Implement Crypto Delisting Under New Regulations

South Koreas Financial Supervisory Service has announced a forthcoming regulation that mandates the delisting of several cryptocurrencies. This move, set to take effect with the Virtual Asset User Protection Act in July,...

Binance and KuCoin Gain FIU Registration in India

In a significant move towards regulatory compliance, Binance and KuCoin have been officially registered with Indias Financial Intelligence Unit (FIU). This registration signals a major shift in the Indian cryptocurrency...

Former SEC Commissioner Criticizes Broad Crypto Definitions, Lubin Challenges SEC

At the TokenizeThis 2024 conference, former SEC Commissioner Troy Paredes criticized the SEC for its expansive interpretation of digital assets as securities. Concurrently, Ethereum co-founder Joseph Lubin at the F.T. Live...