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Trading a peg-break/withdrawal has been one of the most successful trades in history. George Soros name went into financial history as he successfully traded peg break of UK pound and German Deutsche Mark earning about a Billion Dollar. These opportunities still persists in modern financial market, evident by 40% appreciation of Euro-Franc in January peg withdrawal by Swiss National Bank. In this series, we hunt for such opportunities.

Currency Peg Series

Chart of the Day: Czech peg break

Apr 04, 2017 15:53 pm UTC| Commentary Central Banks

The volatility curveof the Czech Koruna is suggesting that the market is pricing the much-anticipated peg withdraw by the Czech central bank within the next 2 months. The central bank hasnt given out any specific date...

Currency Peg Series

Sniffing a Peg-break Series: Violent moves unlikely in EUR/CZK

Jan 26, 2017 08:39 am UTC| Commentary Central Banks

Czech National Bank (CNB) confirmed earlier this month that the central bank would abandon its almost four-year-old Euro-Koruna peg this year and sometime middle of the year. The date is yet to be chosen. Looking from the...

Currency Peg Series

Sniffing a peg break Series: Koruna-Euro peg to end this year

Jan 20, 2017 07:27 am UTC| Commentary

Czech National Bank (CNB) chief confirmed the speculation that the Euro-Koruna peg would be abolished by the central bank in 2017. They prefer a time in the middle of the year but havent decided yet. CNB instituted the peg...

Currency Peg Series

Sniffing a Peg Break Series: Koruna- Euro peg likely to break soon

Jan 10, 2017 11:19 am UTC| Commentary Central Banks

According to talks and rumors in the market, the Czech Central Bank, which has kept the Czech Koruna (CZK) pegged with the Euro since 2013 at 27 per euro could soon break away from this monetary policy regime. In an...

Currency Peg Series

Nigeria's move from a fixed to a floating exchange-rate policy

Jun 30, 2016 14:53 pm UTC| Insights & Views

Africas largest economy has finally floated its fixed currency exchange rate for the first time in history. The freeing of the Nigerian naira after months of policy debates saw the currency immediately plummet by...

Currency Peg Series

Currency Peg Series: Saudi Arabia verbally defends Dollar peg

May 30, 2016 11:07 am UTC| Commentary

Ahmed al-Kholifey, Governor of Saudi Arabias Monetary Authority (SAMA) dismissed that kingdom may consider revising its currency peg with U.S. Dollar, which will result in a significant devaluation of Riyal from its...

Currency Peg Series

February’s soft inflation readings to make way for RBI to cut rates in April

Mar 15, 2016 06:40 am UTC| Commentary

Indias WPI and CPI inflation numbers for February came below expectations. CPI inflation decelerated to 5.2% y/y in February from Januarys 5.7%, mainly due to weaker food prices, whereas core inflation accelerated....

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Economy

UK gilts slump after reading higher Q1 GDP

The UK gilts slumped Friday after witnessing a rise in the countrys first-quarter gross domestic product (GDP), released today. The yield on the benchmark 10-year gilts, which moves inversely to its price, jumped 3...

German bunds plunge post Eurozone’s higher-than-expected April consumer price inflation

The German bunds plunged Friday after reading the Eurozones higher-than-expected consumer price inflation for the month of April, which added to the disappointment in safe-haven assets. The yield on the benchmark...

CZK likely to remain volatile in coming weeks and months, says KBC Research

The EUR/CZK has moved back about the former (FX) intervention level set by the CNB at the 27.00. After CNBs exit from the intervention regime (April 6) the koruna has only twice briefly touched this level, but it had never...

Australia business outlook remains optimistic; profit, pricing expectations lift

The Australian economy is into its eighth year of economic expansion and while business confidence is well off its peak, survey indicators are still pointing to solid growth. Firms are optimistic about their own...

New Zealand bonds close higher on short-covering; investors await March trade balance

The New Zealand bonds closed lower Friday as investors covered previous short positions. Also, the countrys trade surplus for the month of March limited the rise in bonds. At the time of closing, the yield on the...

Politics

The Kremlin has its watchful eyes set on the French elections

The Ukrainian crisis, from the Maidan protests and the annexation of Crimea to the violent conflict in Donbass, has led to an unprecedented deterioration of relations between Russia and the West. As early as 2014, the West...

Jakarta governor election results in a victory for prejudice over pluralism

The long, divisive campaign for governorship of Indonesias capital city Jakarta is finally over, with unofficial results showing a decisive victory for the challenger Anies Baswedan over the controversial incumbent...

How will the federal government protect nuclear safety in an anti-regulatory climate?

The Trump administration and congressional Republicans have undertaken a wide-ranging effort to shrink the federal governments regulatory footprint. Much attention has focused on high-profile targets, such as the...

Will Trump's global family planning cuts cause side effects?

President Donald Trump is leading an assault on family planning around the world. Most recently, his administration cut off U.S. contributions to the United Nations Population Fund, which provides and funds reproductive...

Ethiopia needs a multi-party democracy to end the crushing impact of corruption

A paradox has played out in Ethiopia over the last decade. While its economy has thrived, its political landscape has been overwhelmed by rampant corruption. In 2013, for example, more than 50 high profile people,...

Science

Earth Day Protest Highlights Desperate Situation Of Science And Existing Hope

A few days ago, the world celebrated Earth Day. It was meant to be a time when humanity recognized the importance of Mother Nature, highlighting its plight in some form of solidarity. However, what ended up happening is...

Degrees of separation: companies shed degree requirements to promote merit over qualifications

At the end of 2016, the Australian Bureau of Statistics (ABS) revealed that close to two-thirds of all Australians had completed a degree or apprenticeship. The growth in the number of people attending a university or...

Death metal: how nickel played a role in the world's worst mass extinction

Around 250 million years ago, life on Earth nearly came to an end, in a mass extinction between the Permian and Triassic periods known as the Great Dying. Some 90% of the species in the oceans and 70% of vertebrate...

Proof: Saturn moon Enceladus is able to host life – it's time for a new mission

Ever since studies started suggesting that chemical reactions between water and rock on Saturns moon Enceladus could provide enough energy in the water to feed microbial life, scientists have been searching for proof that...

"Pathogen hunters": citizen scientists track plant diseases to save species

Plant diseases threaten food security and sustainability. They affect ecosystems and change natural environments. They cost money, too. An enormous amount is spent globally each year to control these diseases; the damage...

Technology

Mission Impossible Voice Duplicator Finally Exists, Machine Can Copy Anyone’s Voice

One of the most prominent sci-fi technologies on the movie franchise Mission Impossible is the voice duplicator and synthesizer that allowed Tom Cruises character Ethan Hunt to speak with another persons voice for one...

How Blockchain Could Rewrite The Internet And Humanity Itself

Since it was born from the mind of Satoshi Nakamoto, Blockchain has grown to become a significant force in the financial and information industries, effectively reorganizing some of the concepts that were thought to be set...

Call Of Duty: WWII Will Focus On More Mature Themes, Holocaust And Civilian Casualties

While Call of Duty games do deal with serious topics like war, death, and loss, most of the games present these subjects with a more distanced approach. COD: WWII is expected to be a different title out of others in the...

Apple’s Money Transfer Ambitions Reinitiated According To Reports

Once again, Apple could be thinking about launching its own money transfer system after several attempts in the past ended up going nowhere. This has been something of an itch for the iPhone maker, which it just cant seem...

Acer Unveils New Gaming Laptops, Shows It’s Serious About Going Big

In order to prove that its ready to enter the arena of PC gamings big boys, Acer recently held an event for the sole purpose of unveiling its own take on gaming laptops. To say that its flagship unit is unusual would be an...
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April 28 21:00 UTC Released

MXFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 28 21:00 UTC Released

CNFiscal Balance (Pesos)*

Actual

340.61 bln MXN

Forecast

Previous

-1.93 bln MXN

April 30 01:00 UTC 9797m

CNNBS Non-Mfg PMI*

Actual

Forecast

Previous

55.10 %

April 30 01:00 UTC 9797m

CNNBS Manufacturing PMI*

Actual

Forecast

51.6 bln $

Previous

51.8 bln $

April 30 23:30 UTC 14471447m

AUAIG Manufacturing Index

Actual

Forecast

Previous

57.5 %

May 1 00:00 UTC 14771477m

KRExport Growth Prelim*

Actual

Forecast

15.3 %

Previous

13.6 %

May 1 00:00 UTC 14771477m

KRImport Growth Prelim*

Actual

Forecast

21.0 %

Previous

27.7 %

May 1 00:00 UTC 14771477m

KRTrade Balance Prelim*

Actual

Forecast

Previous

6.27 bln $

May 1 00:30 UTC 15071507m

USNikkei Mfg PMI

Actual

Forecast

Previous

52.8 %

May 1 00:30 UTC 15071507m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.8 bln $

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