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Fri, May 03, 2024 02:55 AM All times are UTC

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FxWirePro: Snippets of AUD Forecasts And Its Driving Forces Ahead of RBA

Jun 01, 2020 10:24 am UTC| Research & Analysis Central Banks Insights & Views

AUD has been the standout performer within G10 (refer 1stchart). Most of this rally occurred during April, and since then AUD has traded a very tight range (0.6370-0.6530). One new development for AUD has been an...

FxWirePro: AUD/USD Whatif Scenario Analysis, OTC Indications And Options Strategy Ahead of RBA

Jun 01, 2020 08:50 am UTC| Research & Analysis Central Banks Insights & Views

Although Aussie dollar has potential to break above 0.6762 levels, supported by improving global sentiment. but in coming weeks the reality of a tepid global recovery in H220 and woeful earnings reports are likely to chip...

FxWirePro: Quick Glimpse At Short Antipodean Trades

Jun 01, 2020 08:22 am UTC| Research & Analysis Central Banks Insights & Views

Kiwi remains at the mercy of global risk sentiment near term, with potential for gains to 0.6400 during the next few weeks. Further out, though, economic data releases over the next few months will be dire, potentially...

Reserve Bank of India cuts policy repo rate by 40 bps

May 22, 2020 16:10 pm UTC| Commentary Central Banks

The Indian central bank, Reserve Bank of India, delivered another unscheduled rate cut. The RBI lowered its policy repo rate by 40 basis points to a historic low of 4 percent today. According to the central bank, the...

Bank of Thailand cuts policy rate by 25 bps, GDP growth likely to come in much weaker in Q2

May 20, 2020 15:02 pm UTC| Commentary Central Banks

The Bank of Thailand lowered its policy rate by 25 basis points to 0.50 percent, as was expected. The decision was not unanimous, with three of the seven members voting for a hold. The central banks assessment of growth...

Bank Indonesia keeps monetary policy on hold, likely to cut rate in June

May 19, 2020 14:53 pm UTC| Commentary Central Banks

Bank Indonesia kept its monetary policy on hold today. However, it clearly cited that the door for future rate cuts remains open in the midst of low inflation and subdued economic activity. Todays decision was contrary to...

FxWirePro: Quick Run Through On G10 Central Bank’s Negative Rate, Spot/Rates Differential Correlation

May 15, 2020 14:07 pm UTC| Research & Analysis Central Banks Insights & Views

The US Aprilretail saleshas disappointed a day of important releases. The US data (retail sales -16.4%, industrial production -11.2%, Empire Index -48.5%) might fuel global economic concerns on the markets again. Even if...

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Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

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...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

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...

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Technology

US Lawmakers Push SEC for Bitcoin Options Trading Approval

In a bipartisan effort, US Representatives Mike Flood and Wiley Nickel have penned a letter to SEC Chair Gary Gensler, urging swift action in approving options trading for Bitcoin exchange-traded products (ETPs). Amid...

Solana's Future Anchored in Four Key Pillars, Developer Outlines Strategy

Vibhu Norby, CEO of Drip Haus, has outlined four essential pillars to define Solanas path forward amid a dynamic period of growth and challenges in the blockchain space. Key Strategies for Solanas Scaling and User...

Shiba Inu Magazine Details Upcoming Shibarium Hard Fork Enhancements

Shiba Inu (SHIB) lovers will get a full description of the highly anticipated Shibarium hard fork in the most recent issue of The Shib magazine. On International Workers Day, the magazine begins with a rallying cry for the...

2025 Sees SK hynix's HBM Chips Fully Booked Amidst AI Surge

SK hynix, a key player in the artificial intelligence (AI) services sector, made a significant announcement on Thursday. HBM Sales Reflect SK hynixs Market Leadership Its high-bandwidth memory (HBM) processors,...

Bitcoin Price May Consolidate for Two Months Post-Halving, Says Bitfinex

As the cryptocurrency market adjusts to the latest Bitcoin halving, analysts from Bitfinex forecast a price consolidation period of up to two months, with significant price fluctuations expected within this...