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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 to see modest growth in Q2, slowdown likely to be temporary

UK second quarter started off on a bad note as the manufacturing and construction sectors performed poorly in April. Office for National Statistics data showed that manufacturing rose by just 0.2 percent in the month,...

U.S. Treasuries slump as investors await 7-year auction, Q1 growth

The U.S. Treasuries slumped ahead of the 7-year auction, due to be held later in the day. Also, the countrys Q1 GDP, initial jobless claims and FOMC member Bullards speech, due on June 29, will provide further direction to...

Vietnam trade deficit likely to widen in June to USD230 mln, says DBS Bank

Vietnam trade deficit, due on June 29 is expected to continue to widen and the consensus is expecting a trade deficit of USD230 million. If that happens, itll bring overall trade deficit for the first six months of the...

UK 10-year gilt yields jump to 1-1/2 month high ahead of BoE Governor Carney’s speech, Q1 GDP

The UK 10-year gilt yields jumped to a 1-1/2 month high Wednesday as investors wait to watch the Bank of England (BoE) Governor Mark Carneys speech, scheduled to be held later in the day. Also, the release of Q1 GDP by the...

Eurozone periphery bonds mixed ahead of benchmark German CPI, unemployment rate

The Eurozone periphery bonds remained mixed on Wednesday as investors are looking forward to the release of benchmark German consumer price inflation for the month of June, due on June 29. Also, the countrys unemployment...

Politics

US under Trump Series: Trump pours on cold water on 'Comey tapes' speculation

With a series of tweets, President Donald Trump poured cold water over the hot speculations that has been brewing for months that there are tapes of conversations between him and the former FBI director James Comey. After...

Why Lesotho's in such a mess and what can be done about it

In an interview following his recent return as Prime Minister of Lesotho, Tom Thabane has blamed the army for the countrys chronic political instability. Stating that his previous administration (after an election in 2012)...

US under Trump Series: US department of Justice launches investigation into Hillary Clinton’s email scandal

According to a Fox News report, which was confirmed by Senate Judiciary Committee Chair Chuck Grassley, the U.S. Department of Justice has launched a formal inquiry into whether former Secretary of State Hillary Clinton...

Data Of Almost 200M Americans Collected By GOP Leaked, No Protection Whatsoever

When collecting data from citizens for use in things like winning elections, it makes sense to afford hoard with heavyweight protection. Not only did the GOP fail to do this, which led to the leak of data of 198 million...

Julius Caesar in our times

All the worlds a stage, Shakespeare once wrote. In recent weeks, that Shakespearean adage has been particularly resonant, with the New York Public Theaters production of Julius Caesar attracting worldwide scrutiny...

Science

Gwyneth Paltrow's Company Lied About $120 Space-Age Healing Stickers

The health industry has no shortage of charlatans claiming that some magical seeds, flowers, herbs, or even energy are capable of miraculous healing. Now, those swindlers can add actress Gwyneth Paltrows company called...

Hacker Group ‘Anonymous’ Accused NASA Of Non-Existent Alien Announcement

Known for its rebellious activities against governments and huge companies committing acts that it deems immoral or unjust, the hacker group Anonymous has earned a reputation for being the champion of common folk. However,...

Elon Musk Tells Climate Change Deniers To Get A Thermometer

The vast majority of scientists agree that climate change is real and that it is being sped up by human activity, theres no debate there. Unfortunately, there are still those with influence in the political sphere that...

Scientist Say Lack Of Funding Is Biggest Obstacle To Immortality

For centuries, humanity has been searching for ways to live longer, resist diseases, and generally have a happier life. Throughout the centuries, people thought that the biggest challenge to discovering the secret to...

Even though genetic information is available, doctors may be ignoring important clinical clues

With the availability of home genetic testing kits from companies such as 23andMe and Ancestry DNA, more people will be getting information about their genetic lineage and what races and ethnicities of the world are...

Technology

Assassin’s Creed Rebellion Is Ubisoft’s Fallout Shelter

During the recently concluded E3 2017, Ubisoft unveiled the next AAA Assassins Creed game called Assassins Creed Origins, which presents several departures from the previous titles. In a surprise twist, the company...

Nokia Phones Gaining Traction Due To Nostalgia, $229 Nokia 6 Coming To US

In a rather unexpected turn of events, it would seem that Nokia is coming back in a major way by capitalizing on the nostalgia that a lot of customers still feel regarding its old phones. Its 3310 remake is so popular, it...

FF15 Players Can Now Drive Off-Road With The Regalia

One of the biggest complaints that players had with the sweet royal set of wheels in Final Fantasy 15 is not being able to go off-road. When the Regalia was first announced before the games launch, many were hoping that it...

Nintendo SNES Classic Revealed, Production Will Be Better This Time

When the Nintendo NES Classic was discontinued a few months ago due to supply shortages, fans of the retro unit were outraged and dismayed. The company is about to go another round with the $79 SNES reboot, where fans will...

New VR Headset Is 70X More Powerful Than The Oculus Rift, HTC Vive, And Magic Leap

Right now, the biggest names in virtual reality are Oculus, HTC, Microsoft, Google, and Magic Leap. However, another firm is out to disrupt this delicate balance with a VR headset that is 70 times more powerful than the...
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June 28 15:30 UTC Released

BRForeign Exchange Flows*

Actual

-5.279 bln

Forecast

Previous

-3.401 bln

June 28 14:30 UTC Released

BRBank Lending MM*

Actual

-0.2 %

Forecast

Previous

-0.2 %

June 28 19:00 UTC 202202m

ARBank Lending MM*

Actual

Forecast

1.9 %

Previous

0.8 %

June 28 21:00 UTC 322322m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

82 bln

June 28 23:50 UTC 492492m

JPForeign Bond Investment

Actual

Forecast

2.6 bln JPY

Previous

3.2 bln JPY

June 28 23:50 UTC 492492m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 492492m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-331.6 bln JPY

June 28 23:50 UTC 492492m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

June 28 23:50 UTC 492492m

DERetail Sales YY

Actual

Forecast

2.6 %

Previous

3.2 %

June 28 23:50 UTC 492492m

JPForeign Bond Investment

Actual

Forecast

Previous

1090.1 bln JPY

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