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Wed, May 29, 2024 11:51 AM All times are UTC

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Sweden’s economy to grow strongly, inflation accelerating

May 20, 2016 12:03 pm UTC| Commentary

Last year, Swedens economy grew strongly. The economic growth was over twice that of the euro areas economic growth. Capital investment, the export sector and domestic demand grew positively. In particular, housing sector...

William Dudley: Hawks of same feather

May 20, 2016 12:02 pm UTC| Commentary Central Banks

Market should listen! Several policymakers in past several days, weeks have warned about June meeting being alive and there could be two or three rate hikes on the table. Names include, Boston FED chief Rosengren,...

Fitch likely to downgrade Hungary’s sovereign rating on weak fiscal balance

May 20, 2016 11:36 am UTC| Commentary

Fitch Ratings is likely to release its review of Hungarys sovereign rating later today. The current rating is BB+, which seems to be downgraded, given the countrys weak structural fiscal balance maid government plans to...

FX Hedging Strategy Series

FxWirePro: Bid 1m EUR/CHF risk reversal - strangles shorts back in action as OTC looks quite

May 20, 2016 11:24 am UTC| Commentary

Market Outlook: Less Volatile IVs of EURCHF ATM contracts have still been lacklustre, 4.55% for 1W expiry (the least among G20 currency space). and doesnt seem to have drastic change in near terms that would never...

NZD/USD likely to move towards 0.70 in short term and towards 0.64 by 2016-end

May 20, 2016 10:36 am UTC| Commentary

In mid-April of this year, the NZD/USD pair rose to 0.7054, an 11-month high, as the likelihood of a near term interest rate rise by the US Fed continued to diminish. But since then, outlook of decelerating growth in...

U.K Gilts plunge on firm risk appetite

May 20, 2016 10:34 am UTC| Commentary

The U.K Gilts plunged on Friday as investors cooled on safe-haven assets amid gains in riskier instruments includingcrude oil futures and equities. The yield on the benchmark 10-year bonds rose 3bps to 1.470pct and the...

EUR/USD face certain downside risks in near term

May 20, 2016 10:20 am UTC| Commentary

In the first quarter, the US economic growth weakened; however, there are signals that the growth is rebounding the second quarter mainly with the help of private consumption. Manufacturing, in the mean time has stabilized...

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Economy

Will government investment make green hydrogen a reality in Australia?

In the budget last week, the government was keen to talk about its efforts to turn Australia into a renewable superpower under the umbrella of the Future Made in Australia policies. Future Made is a framework that sets...

Small businesses can help South Africa fight unemployment if they get proper support – study

South Africa has an alarming unemployment rate of approximately 32.1%. Solutions have been elusive. The unemployment rate has been consistently high for decades. Our research has revolved around entrepreneurship. We...

Australia is set to ban live sheep exports. What will this mean for the industry?

This month the federal government announced a plan to ban live sheep exports, set to come into effect from May 1 2028. The announcement coincided with the release of a highly anticipated report by an independent panel...

Latest inflation figures are good news

The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news. Thats the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer...

The budget is full of good news, but good news isn’t the same as good management

This years budget has something for everyone, with very little in the way of cuts and no new taxes. Its a classic good news pre-election budget. Whether it is too good to be true hinges on whether this budget...

Politics

How Iran selects its supreme leader

The sudden death of President Ebrahim Raisi is unlikely to drastically alter Irans foreign and domestic policies, but it has left a power vacuum. As stipulated by the constitution, Raisi was replaced by his first vice...

California is about to tax guns more like alcohol and tobacco

Starting in July 2024, California will be the first state to charge an excise tax on guns and ammunition. The new tax an 11% levy on each sale will come on top of federal excise taxes of 10% or 11% for firearms and...

US election: why Latino and Hispanic voters are shifting to Trump after a long history of supporting the Democrats

Several recent polls suggest that the Hispanic and Latino vote is shifting towards Donald Trump as the election moves closer. In a YouGov poll from May 8, 43% of Americans said they would vote for President Joe Biden...

Slovakia’s polarised politics: Robert Fico warned a politician could be violently attacked weeks before assassination attempt

Slovak society is in shock after a 71-year-old man fired five shots at the prime minister, Robert Fico, while he was greeting a small crowd after a meeting. Some members of the coalition government immediately blamed...

Infected blood scandal – what you need to know

The infected blood scandal has been hailed the worst treatment disaster in the history of the NHS. Over 3,000 people have died as a result of receiving contaminated blood products in the 1970s, 80s and 90s, and it is...

Science

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Black holes are mysterious, yet also deceptively simple − a new space mission may help physicists answer hairy questions about these astronomical objects

Physicists consider black holes one of the most mysterious objects that exist. Ironically, theyre also considered one of the simplest. For years, physicists like me have been looking to prove that black holes are more...

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...

Technology

Why Bitcoin Price Is Down Today: Market Reacts to Mt. Gox Rumors and US Inflation Data

Bitcoins price dropped by over 3% on May 29 due to market reactions to Mt. Gox rumors and anticipation of Bitcoin options expiration and US inflation data, highlighting the cryptocurrencys volatility. Bitcoin Price...

El Salvador's Bitcoin Vision: Cathie Wood, Bukele Discuss Capital Markets and Economic Integration

ARK Invest CEO Cathie Wood and El Salvadors President Nayib Bukele are collaborating to explore Bitcoins potential to transform the nations capital markets and economic framework. El Salvadors Economic Framework...

K9 Finance Listed on LBank, Shiba Inu Team Lauds Achievement; KNINE Price Surges

The Shiba Inu (SHIB) ecosystem has experienced considerable development due to K9 Finance DAO (KNINE) acquiring a major exchange listing. When LBank announced this on May 28, 2024, it stated that the KNINE cryptocurrency...

Bitcoin Dips 2% as Mt. Gox Wallets Move Over $5B to Unknown Wallet

Bitcoin dipped 2% after $5 billion worth of BTC from Mt. Gox wallets were transferred to an unknown wallet, sparking market concerns. Bitcoin Falls 2% as Mt. Gox Transfers $5 Billion in BTC to Unknown Wallet Ahead of...

Shiba Inu Super Diamond Trader Liquidates Holdings, Leaves Secret Message for Investors

A Shiba Inu super diamond trader has liquidated 48.09 billion SHIB tokens, followed by a secret message, raising questions about SHIBs market direction. Dormant Shiba Inu Tokens Exchanged for 278.7 ETH via MEV Bot,...