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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

McDonald's revamping Happy Meal toys to be eco-friendly

McDonalds revealed earlier this week that it would make significant changes to its Happy Meal toys in an effort to cut the use of plastic. The fast-food chains meal package for kids always comes with a toy, and they are...

Freddie Mercury NFTs up for auction for AIDS charity

Four non-fungible token (NFT) artworks inspired by the late Freddie Mercury of band Queen are being auctioned off for charity to mark the British singer-songwriters 75th birthday. Three of the NFTs show an image of...

NBA's Philadelphia 76ers taps Crypto.com as jersey patch and NFT partner

The NBAs Philadelphia 76ers have tapped Crypto.com as their partner for the jersey patch deal for the 2021-2022 season and on releasing a non-fungible token series. According to 76ers President Chris Heck, by weaving...

Chipotle launches new meat addition to its menu

Chipotle just revealed it is adding a new item to its menu, and this time, it is meat. It was reported that the Mexican grill restaurant chain is finally introducing the smoked brisket menu after the successful food...

Politics

Joe Biden says US will donate additional 500 million COVID-19 vaccine doses

This week, US President Joe Biden hosted a COVID-19 summit amongst his counterparts. At the virtual event, Biden pledged that the US will donate an additional 500 million doses of the COVID-19 vaccine to other...

Mary Trump weighs in on latest lawsuit by uncle Donald Trump

This week, former President Donald Trump filed a lawsuit against his niece Mary Trump and the New York Times. Ms. Trump appeared to shrug the latest lawsuit against her by her uncle, saying that this is the norm within the...

Kamala Harris immigration: VP blasts expulsion of Haitian migrants from border

To this day, thousands of migrants are still at the southern border of the US, looking to enter the country even in the midst of the pandemic. This week, US Vice President Kamala Harris blasted the recent incidents of...

Capitol riots: New video footage reveals insurrectionist frothing at the mouth upon confronting police officer

Hundreds of rioters that have been arrested are awaiting trial or waiting for their sentencing for their involvement in the January 6 insurrection at the Capitol. A newly released bodycam footage showed one insurrectionist...

Science

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

Technology

Best Buy restocks PS5, Xbox Series X/S in-store on September 23

Best Buy has officially announced it is having an in-store restock of PS5 and Xbox Series X/S consoles later this week. The major retailer, however, noted that there are only limited quantities available. In an...

Orca joins ‘Dragon Quest XII: The Flames of Fate’ development

Dragon Quest XII: The Flames of Fate will be the next main title installment for the popular Japanese role-playing game series from Square Enix. While details about the game, its plot, and features are still very scarce,...

Apple confirms update to make iPhone 13 Pro’s macro photography optional

While the iPhone 13 series looks almost identical to the 2020 iPhones, it actually comes with several hardware upgrades. In the camera department, Apple introduced a native macro photography feature on the iPhone 13 Pro...

Samsung Galaxy S21 FE leaks once again, this time through an official Android list

At this point, the launch of the Samsung Galaxy S21 FE is no longer a secret. While Samsung remains mum about the existence of the mid-range phone, tech fans keep finding a new piece of evidence that it is coming...
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