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Sun, May 19, 2024 05:39 PM All times are UTC

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What hinders CAD prospects and what intensifies sterling's depreciation sentiments?

Jul 19, 2016 11:52 am UTC| Central Banks Insights & Views

Just to shed some light on fundamentals as to why CAD losing strength: This months BoC policy statement, monetary policy report and quarterly press conference establish a firm neutral stance that will reinforce the...

FxWirePro: Capitalize on interim rallies of GBP/CAD to construct “Credit Put Spreads” to derive yields regardless of swings

Jul 19, 2016 11:50 am UTC| Central Banks Insights & Views

FX Option Strategy: Here comes the right option strategy to tackle puzzling swings of GBPCAD, put spread constructed at net credits, buy mid-month +1% Out of the money -0.37 delta put option, simultaneously, short 1W...

Riksbank concerned about global developments post Brexit vote

Jul 19, 2016 11:23 am UTC| Commentary Central Banks

The minutes from Riksbanks monetary policy meeting on July 6 indicate that it is concerned about global developments post UKs vote to leave the EU. The minutes also showed that it is quite satisfied with the developments...

Minutes of the July meeting reveal RBA unfazed by Brexit, but slightly subdued on domestic outlook

Jul 19, 2016 11:19 am UTC| Insights & Views Economy Central Banks

Reserve Bank of Australia (RBA) earlier today released minutes of the July meeting when interest rates were held unchanged at 1.75%. Minutes highlighted the central bank policy is not on a preset course and reiterated the...

ECB could run out of eligible bunds if it hikes asset purchase

Jul 19, 2016 09:52 am UTC| Commentary Central Banks

The European Central Bank (ECB) could soon be running out of eligible bunds to add to its purchase portfolio. It could also be said that European Central Bank (ECB) is already running out of options to add bunds to its...

RBNZ tightens loan-to-value restrictions, likely to be effective from Sep 1

Jul 19, 2016 09:24 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand has tightened the loan-to-value restrictions (LVR) for residential lending on Tuesday. The proposal stands in the consultation phase and is likely to be effective from September 1,...

UK referendum turmoil helps China to pursue stealth depreciation of its currency

Jul 19, 2016 09:17 am UTC| Commentary Central Banks

The Chinese currency has depreciated to its weakest level yesterday, since September 2010. Chinese yuan weakened to 6.7164 per dollar yesterday, however, that hardly made any headlines. As the market focuses on the Europe...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Massive SHIB Transfers Occur Despite Sharp Decline in Shibarium Transactions

Shiba Inu (SHIB), a dog-themed cryptocurrency, has seen a startling 3,015% increase in large holder NetFlow, which provides insight into whales changing positions. However, this impressive surge comes with a...

SHIB Whale Activity Surges Amid Plummeting Shibarium Transaction Volumes

While the Shiba Inu developer team continues to work on and implement key updates to the Layer-2 blockchain, Shibarium is seeing a significant drop in transaction volume, which has been ongoing for about a month. This...

AirTag With New Chip and Improved Tracking Due Next Year; No New Mac Studio, Pro Until Mid-2025: Mark Gurman

Apples upcoming AirTag, equipped with an upgraded chip and enhanced tracking, is expected to launch by mid-2025, as detailed by Bloombergs Mark Gurman. He also claimed that Apple will not update the Mac Studio and Mac Pro...

Shibarium Faces 97% Drop in Transactions, Yet Transfers Rise Steadily

High FDVs on Binance Listings Lead to Investor Losses, Analysis Reveals

An analysis of Binance listings over the past six months reveals that high fully diluted valuations often lead to token value loss, adversely affecting regular investors while benefiting insiders. VC-Backed Tokens on...