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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

Fundamentals to watch out for this week

This week is a quite heavy with volatility risks, both in terms of data and events. What to watch for over the coming days: Central banks: Bank of Canada (BoC) will announce monetary policy decision on...

U.S. Treasuries sink after Senate approves Budget draft; eyes on 5-year auction

The U.S. Treasuries slid Monday after the countrys Senate approved the budget blueprint, adding to hopes among the investors for investment in riskier assets ahead of the 2-year and 5-year auctions scheduled through this...

UK gilts tad lower on caution ahead of Q3 economic growth

The UK gilts remained tad lower Monday as investors remained cautioned ahead of the release of the countrys gross domestic product (GDP) for the third quarter of this year, scheduled to be released on October 25 by...

German bunds surge ahead of October manufacturing PMI, ECB policy rate decision

The German bunds surged Monday as investors wait to watch the countrys manufacturing PMI for the month of October, scheduled to be released on October 24 by 07:30GMT. Also, markets await the European Central Banks (ECB)...

Singapore headline consumer inflation stabilizes in September, in line with estimates

Singapores headline inflation stabilized at 0.4 percent in September, in line with market estimates. Core inflation edged up slightly due to an increase in services costs and telecommunications fees in particular. As...

Politics

As China prepares for its Communist Party congress, what will it mean for the rest of the world?

Of Chinese President Xi Jinpings many achievements in his time in office about which much will be made in the official propaganda one of the most surprising was the more confident and assertive approach to foreign policy...

What it's like to transition on to Universal Credit

Originally designed with the intention of making work pay by smoothing out transitions between paid work and welfare, Universal Credit is now being widely criticised for failing to deliver on its promises. Despite calls by...

Theresa May's speech and the challenge to expand English social housing

Amid the drama of Theresa Mays conference speech was the announcement of new funding for social housing and a new generation of council houses in England. This follows long-term under-investment in social and affordable...

Las Vegas: the US is racked with impossible divisions over rights and freedoms

In the immediate aftermath of the October 2 Las Vegas massacre the USs 273rd mass shooting in 2017 alone it seems neither President Donald Trump nor his Republican colleagues will entertain a review of current gun...

Catalonia's referendum unmasks authoritarianism in Spain

I have long worried about the rise of authoritarianism in the European Union. The Spanish governments violent crackdown during the Catalonia referendum on Oct. 1 is the latest crisis to challenge EU institutions....

Science

New Treatment For Blindness Gets FDA Panel Recommendation, First Of Its Kind

Providing hope to thousands of people suffering from hereditary blindness, advisers for the US Food and Drug Administration just gave a critical recommendation to a new type of treatment. Using gene therapy, the treatment...

VP Mike Pence Heads NASA’s Revived Moon Council, SpaceX To Do The Heavy Lifting

After months of hinting that a Lunar mission is in the works, US vice-president Mike Pence announced via The Wall Street Journal op-ed that NASA would be sending humans to the moon. The article was published just before...

Scientists Makes Hydrogen Fuel Production Cheaper With Seawater And New Nanomaterial

Solar and wind energy might be the renewable resources that are growing in popularity, but hydrogen fuel has proven to be incredibly reliable and powerful as well. Now, a University of Central Florida (UCF) scientist has...

Chilled proteins and 3-D images: The cryo-electron microscopy technology that just won a Nobel Prize

Many people will never have heard of cryo-electron microscopy before the announcement that Jacques Dubochet, Joachim Frank and Richard Henderson had won the 2017 Nobel Prize in chemistry for their work developing this...

Ikea Now Has Indoor Vertical Farm, Huge Potential For Solar Partnership

With the worlds climate constantly becoming hotter by the year, industries such as farming are going to experience massive problems such as drought and daylight heat thats too much for plants to handle. Thats why products...

Technology

The Evil Within 2 Can Be Played In First-Person Via PC Console Command

The Evil Within 2 is the recently launched horror-survival shooter sequel to the critically-acclaimed The Evil Within. Launched for all major platforms, it seems the PC version has another advantage over its console...

Three Leaked Steam Sale Dates Confirmed By Devs

No matter the time of year, Steam Sales are events that PC gamers cant help but look forward to. There are three Steam Sales lined up before Christmas, which include Halloween, Autumn, and Winter. The dates of these events...

Razer Made Webcam Specifically For Live Streamers, Gamers And YouTubers Alike

Although the company is mostly known for making high-quality gaming computers, Razer is also famous for producing some of the best peripherals in the business. Among its latest lineup are a web camera and a microphone that...

Apple Gets Amazon Studio Veteran, Shows It’s Serious About Scripted Shows

For months now, the tech industry has been wondering just how serious Apple was at creating original, scripted content and how far it was willing to go. Recently, the Cupertino firm just announced that it was hiring Morgan...

Apple Sued Over Animoji Trademark By Japanese Company

During the most recent Apple event where the company showed off its latest gadgets and gizmos, the Cupertino firm tried to put hype behind a new type of messaging feature called Animoji. Its basically an emoji that mimics...
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October 23 12:30 UTC Released

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0.5 %

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0.5 %

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1.5 %

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0.17 %

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-0.31 %

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52.9 bln $

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110 %

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57.0 %

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56.0 bln $

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56.1 bln $

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55.6 Bln EUR

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55.6 Bln EUR

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57.7 %

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57.7 %

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