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FxWirePro: Glance through ZAR ahead of SARB rate cut hopes –USD/ZAR option trade via strangle writing on shrinking vols

Sep 21, 2017 13:04 pm UTC| Central Banks Research & Analysis Insights & Views

SARB meets today to make a monetary policy decision: the majority of analysts expect a 25bps cut to the benchmark rate today. The South African Reserve Bank lowered its benchmark repo rate by 25bps to 6.75 percent on July...

FxWirePro: Is it worth chasing Sterling vols? A wise call for GBP Vega buyers to prefer longs ahead of Theresa May's Brexit speech

Sep 21, 2017 12:02 pm UTC| Research & Analysis Insights & Views

Very recently, the British Foreign Secretary Boris Johnson will hopefully not take it personally that Sterling appreciated briefly yesterday in reaction to reports he might resign. We interpret the exchange rate moves in...

FxWirePro: Not to buck EUR/PLN trend, three fundamental factors to drive gutsy shorts

Sep 21, 2017 10:15 am UTC| Research & Analysis

Polish zloty has been under pressure since May. Ongoing political tensions with the EU regarding the countrys overhaul of the judiciary have raised the spectre of Article 7 sanctions. Additionally, dovish rhetoric from...

FxWirePro: EIA’s inventories upbeats consensus, report appears to be moderately bearish for crude, bullish for gasoline

Sep 21, 2017 09:28 am UTC| Research & Analysis Insights & Views

This weeks EIA (Energy Information Adminstration) report has been bearish for crude and bullish for gasoline and distillate. Overall, this report was bullish compared to the previous two reports; total commercial crude and...

Fitch: Morocco Reserve Fall Unlikely to Prompt FX Policy Shift

Sep 21, 2017 09:25 am UTC| Research & Analysis

Fitch Ratings still expects an eventual widening of the Moroccan dirhams floating bands, despite the fall in foreign-currency reserves in 2Q17. Reserves have now bottomed out and we expect the authorities to implement...

Fitch: Turkish Banks' External Debt Ticks Up but Liquidity Sound

Sep 21, 2017 08:39 am UTC| Research & Analysis

Turkish banks external debt increased in the first half of 2017 but the sectors foreign-currency (FC) liquidity remains sufficient to cover maturing short-term FC debt, Fitch Ratings says. Banks external debt rose USD9...

FxWirePro: Key drivers of bullish CNY - Identify dislocations between IVs, RVs and RRs

Sep 21, 2017 08:08 am UTC| Research & Analysis Insights & Views

No doubt from last two weeks, USDCNY has been spiking higher to the current levels of 6.5954 from the recent lows of 6.4345 levels. However, it is foreseen that the strength of CNY can be traced to three factors: The...

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Economy

RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist

The Reserve Bank of Australia (RBA) raised interest rates by 25 basis points on Tuesday, lifting its benchmark cash rate to 3.85% from 3.65%, in a move that was widely anticipated by markets. The decision reflects the...

US–India Trade Turbocharge: Stocks Poised to Ride the Export Wave

The new US-India trade agreement highlights businesses with significant US market exposure by lowering duties to 18% on Indian exports and providing zero-tariff access for US products. Where US revenue shares vary from 10%...

Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs

Japans exports of agricultural, forestry and fishery products surged to a new all-time high in 2025, rising 12.8% year on year to 1.701 trillion yen (approximately $10.9 billion), according to the Ministry of Agriculture,...

China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order

China and Uruguay have reaffirmed their commitment to deeper cooperation, with Chinese President Xi Jinping calling on both countries to work together to promote an equal and orderly multipolar world and inclusive economic...

Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China

Taiwan should deepen trade and economic cooperation with fellow democracies rather than China, President Lai Ching-te said on Tuesday, outlining his administrations strategy to strengthen collaboration with the United...

Politics

Federal Judge Blocks Trump Administration Move to End TPS for Haitian Immigrants

A federal judge on Monday blocked the Trump administration from revoking Temporary Protected Status (TPS) for more than 350,000 Haitian immigrants living in the United States, preventing their potential deportation to a...

Trump Spoke With FBI Agents After Georgia Election Office Search, Report Says

U.S. President Donald Trump spoke directly with FBI agents one day after they searched an election office in Fulton County, Georgia, according to a report published by the New York Times on Monday. The report cited three...

Trump Calls for “Nationalizing” Voting, Drawing Backlash Over Election Authority

President Donald Trump sparked controversy after saying Republicans should nationalize and take over voting in at least 15 unspecified locations, repeating his long-standing and false claims that U.S. elections are plagued...

Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits

Japans Finance Minister Satsuki Katayama on Tuesday defended Prime Minister Sanae Takaichis recent comments emphasizing the potential benefits of a weaker yen, saying the remarks were grounded in standard economic theory...

Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties

U.S. President Donald Trump announced a major U.S.India trade deal on Monday that significantly reduces U.S. tariffs on Indian goods to 18% from a previous combined rate of 50%. The agreement, revealed after a phone call...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence

Elon Musk announced on Monday that SpaceX has acquired his artificial intelligence startup xAI in a landmark deal that brings together his ambitions in space exploration and advanced AI technology. The acquisition combines...

Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services

Google Cloud, one of Alphabets fastest-growing divisions, has entered into a five-year strategic partnership with Liberty Global aimed at accelerating the adoption of artificial intelligence and cloud technologies across...

Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast

Palantir Technologies Inc (NASDAQ: PLTR) delivered a strong fourth-quarter earnings report, beating Wall Street expectations on both revenue and profit while issuing a significantly stronger-than-expected outlook for 2026....

Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report

OpenAI CEO Sam Altman has publicly reaffirmed the artificial intelligence companys strong relationship with NVIDIA Corporation (NASDAQ: NVDA), pushing back against recent reports suggesting dissatisfaction with the...

SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers

SoftBank Corp (TYO:9434) has announced a strategic collaboration between its subsidiary Saimemory and Intel Corporation (NASDAQ: INTC) to develop a new class of advanced memory chip technology aimed at powering the next...
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