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Trading a peg-break/withdrawal has been one of the most successful trades in history. George Soros name went into financial history as he successfully traded peg break of UK pound and German Deutsche Mark earning about a Billion Dollar. These opportunities still persists in modern financial market, evident by 40% appreciation of Euro-Franc in January peg withdrawal by Swiss National Bank. In this series, we hunt for such opportunities.

Currency Peg Series

Chart of the Day: Czech peg break

Apr 04, 2017 15:53 pm UTC| Commentary Central Banks

The volatility curveof the Czech Koruna is suggesting that the market is pricing the much-anticipated peg withdraw by the Czech central bank within the next 2 months. The central bank hasnt given out any specific date...

Currency Peg Series

Sniffing a Peg-break Series: Violent moves unlikely in EUR/CZK

Jan 26, 2017 08:39 am UTC| Commentary Central Banks

Czech National Bank (CNB) confirmed earlier this month that the central bank would abandon its almost four-year-old Euro-Koruna peg this year and sometime middle of the year. The date is yet to be chosen. Looking from the...

Currency Peg Series

Sniffing a peg break Series: Koruna-Euro peg to end this year

Jan 20, 2017 07:27 am UTC| Commentary

Czech National Bank (CNB) chief confirmed the speculation that the Euro-Koruna peg would be abolished by the central bank in 2017. They prefer a time in the middle of the year but havent decided yet. CNB instituted the peg...

Currency Peg Series

Sniffing a Peg Break Series: Koruna- Euro peg likely to break soon

Jan 10, 2017 11:19 am UTC| Commentary Central Banks

According to talks and rumors in the market, the Czech Central Bank, which has kept the Czech Koruna (CZK) pegged with the Euro since 2013 at 27 per euro could soon break away from this monetary policy regime. In an...

Currency Peg Series

Nigeria's move from a fixed to a floating exchange-rate policy

Jun 30, 2016 14:53 pm UTC| Insights & Views

Africas largest economy has finally floated its fixed currency exchange rate for the first time in history. The freeing of the Nigerian naira after months of policy debates saw the currency immediately plummet by...

Currency Peg Series

Currency Peg Series: Saudi Arabia verbally defends Dollar peg

May 30, 2016 11:07 am UTC| Commentary

Ahmed al-Kholifey, Governor of Saudi Arabias Monetary Authority (SAMA) dismissed that kingdom may consider revising its currency peg with U.S. Dollar, which will result in a significant devaluation of Riyal from its...

Currency Peg Series

February’s soft inflation readings to make way for RBI to cut rates in April

Mar 15, 2016 06:40 am UTC| Commentary

Indias WPI and CPI inflation numbers for February came below expectations. CPI inflation decelerated to 5.2% y/y in February from Januarys 5.7%, mainly due to weaker food prices, whereas core inflation accelerated....

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Economy

Nippon Steel to increase boost R&D investment to speed up decarbonization

Nippon Steel will increase spending on research and development (RD) to hasten decarbonization in steelmaking and address climate change issues. The worlds No. 3 steelmaker is facing growing pressure to cut carbon...

Sumitomo Mitsui likely to halt financing all kinds of coal-powered plants

Japans Sumitomo Mitsui Financial Group (SMFG) is likely to stop providing new financing to coal-fired power plants, including more environmentally friendly projects, due to growing pressure from global investors and...

S. Korea eyes ‘travel bubble’ to prop up aviation industry

South Korea will pursue travel bubble agreements for people to travel internationally without restrictions to revitalize the aviation industry, said Finance Minister Hong Nam-ki. Travel bubbles are agreements between...

Switzerland's chocolate consumption, production, exportation plunge amid pandemic

Annual consumption in Switzerland fell below the threshold of 10 kilograms per person, dipping to 9.9 kilos, the lowest level since 1982, mainly due to the steep decline in foreign tourists. According to Urs Furrer,...

S. Korea's fishery goods exports drop 7.4% in 2020

South Koreas fishery goods exports plunged 7.4 percent from $2.5 billion in 2019 to $2.32 billion in 2020, says the Ministry of Oceans and Fisheries. Exports of ready-to-eat products, such as processed fish and seaweed...

Politics

Joe Biden COVID-19 relief: POTUS makes another push for relief plan in meeting with Senate Democrats

With the House successfully passing President Joe Bidens $1.9 trillion COVID-19 relief bill, it is now in the hands of the Senate. Biden makes another strong push for the passage of the bill in his latest meeting with...

Joe Biden Cabinet: Miguel Cardona confirmed to lead Department of Education

The Senate is at work to confirm President Joe Bidens Cabinet nominees, the confirmations already picking up steam in the past week or so. The latest of confirmations is with Miguel Cardona, who will now be leading the...

Donald Trump 2024 run: GOP Senator Bill Cassidy says ex-POTUS will not be the 2024 nominee

Former President Donald Trump recently hinted at a 2024 run for the presidency again during his appearance at CPAC. While most Republicans have supported the idea, GOP Senator Bill Cassidy says Trump will not become the...

Donald Trump investigation: Ex-POTUS faces probes from five investigators

Former President Donald Trump received an acquittal from the Senate a few weeks ago, but he still faces many legal challenges especially as he no longer has the protections of the White House. Trump is currently facing...

Science

Transparent wood is coming, and it could make an energy-efficient alternative to glass

Wood is an ancient material humans have been using for millions of years, for the construction of housing, ships and as a source of fuel for burning. Its also a renewable source, and one way to capture excess carbon...

Pigs can play video games, scientists discover

Pigs might not be able to fly, but they can play video games. In a new study, researchers from Purdue University in Indiana, US have shown that pigs can use a digital screen and joystick, operated by their snout, to move a...

Einsteinium: 100 years after Einstein's Nobel Prize, researchers reveal chemical secrets of element that bears his name

A century ago, an upstart German physicist by the name of Albert Einstein turned the scientific world on its head with his discovery of the photoelectric effect, which proved light to be both a particle and a wave. Awarded...

New CRISPR technology could revolutionise gene therapy, offering new hope to people with genetic diseases

The day a muddled mob stormed the US Capitol building, a team of American researchers published a paper in Nature that signified a landmark in gene therapy. The head of the US National Institutes of Health, Francis...

In the rush for coronavirus information, unreviewed scientific papers are being publicized

COVID-19 has not only upended our personal lives, it has dramatically changed scientific research. In response to the rapid spread of the virus, scientists around the world have had to find new ways to collaborate and...

Technology

‘Valheim’ update 0.147.3 deliver private dedicated servers

The increasingly popular survival game Valheim has received its latest update, and Iron Gate has answered many players requests. The patch includes the option for fans to use private dedicated servers through easy...

Android March 2021 security patch rolls out for some Pixel devices

The latest security patch for Android-run devices is here, and the March 2021 security patch has reportedly started to roll out for Google Pixel smartphones. It is something that smartphone users may want to immediately...

Report: Hole-punch selfie camera could debut on iPhone 14

Many might agree that Apple made the display notch popular, and now its fans have been asking the tech giant to make it smaller or even get rid of it altogether. Apple is not one to discuss its plans for upcoming hardware...

‘Fortnite’ chapter 2 season 6 could start in mid-March

The start of a new season is one of the most important times for every Fortnite player. It marks a fresh start to climb up the leadership ladder, and it is also the time when Epic Games usually roll out updates and Battle...

‘Apex Legends’: Nintendo Switch players are getting free 30 levels on day one

The wait for the Apex Legends Nintendo Switch port is down to just a week, and EA is celebrating that by releasing a new gameplay trailer. Meanwhile, the game publisher also announced several exclusive perks for Switch...
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