Trump has made more than $1 billion from crypto in a year. How? 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
AI can be a personal trainer in your pocket – but is it safe? 
Cross-hedging FX Strategies:
- We recommend leveraged products to sell EUR/NOK or otherwise buy far month NOK/SEK risk reversal.
- Real money funds should decrease NOK hedge ratios.
- Corporates should hedge NOK income via options and expenses via forwards.
Norges Bank (NB) is all set to deliver 25bps rate cut on tomorrow as promised in last monetary policy reporting in March. However, we expect NB to turn to a neutral bias by presenting a new rate path at which the policy rate will be kept on hold until next year. A neutral bias would be much more hawkish than what markets expect.
More tactically to avoid a stronger NOK, the primary risk to our projection is NB still signaling an easing bias due to a less 'straight-forward' view on the oil investment survey.
In our opinion, a minute risk that NB could leave the rate unchanged, as the stabilization in oil investments has reduced the tail risk.
