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Thu, May 02, 2024 04:49 PM All times are UTC

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Currency War Series

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After several years of extremely loose monetary policy, the U.S. Federal Reserve intends to start tightening, for clear reasons, markets will remain focused on the crucial event, which is set to have a major impact on almost all asset classes. Economic data releases will provide clues to the robustness of economies- some of which are vulnerable to investment outflows as higher rates make U.S. assets more attractive. Emerging economies are already struggling to support currencies hit by Fed rate hike expectations and will lead to intensified currency wars further. In this exclusive series we will provide insightful analysis and views on central banks decisions, emerging markets currencies, Fed's tools for managing monetary cycle, investment outflows, including direct government intervention, the imposition of capital controls, and, indirectly, quantitative easing.

Currency War Series

USDCNY fixings drift higher; risk of further depreciation post SDR

Nov 30, 2015 00:17 am UTC| Commentary

USDAsia crosses are mostly trading in their broad ranges since August. Activity data this week will likely continue to paint a challenging growth picture for the region. Without a meaningful turnaround in China and EM...

Currency War Series

Policy rate decision: Poland to remain on hold

Nov 29, 2015 23:58 pm UTC| Commentary Central Banks

Polands CPI deflation is expected to persist at -0.4% y/y in November, an improvement over the -0.7% y/y reading last month. With respect to the NBP rate decision this week, since the old MPC remains intact for one more...

Currency War Series

One last call before the FOMC

Nov 29, 2015 22:03 pm UTC| Commentary Central Banks

The market will be looking for reassurance regarding the start and pace of the Feds tightening cycle while waiting for the FOMC meeting on December 16. Fed futures are assigning a 74% probability of a rate hike in December...

Currency War Series

All eyes on the ECB

Nov 29, 2015 21:22 pm UTC| Commentary Central Banks

Thursdays ECB meeting will be the key catalyst for EURUSD this week. A 10bp cut is expected in the depo rate and a time extension of QE. However, recent ECB comments coupled with the still unimpressive euro area inflation...

Currency War Series

PBoC terminates some onshore commercial banks' cross border lending, CNH liquidity tightens

Nov 27, 2015 08:45 am UTC| Commentary Central Banks

USD/CNH one year swap points rose 1900pips today, over 1500pips last week. There is liquidity tightening seen in the offshore market. This is because of Further weakness expected in CNH by the market, lowering the...

Currency War Series

Pressure Builds On Saudi Arabia For Riyal Devaluation

Nov 27, 2015 08:18 am UTC| Commentary

The pressure on Saudi Arabia to reconsider its currency peg has been building up owing to the long period of falling oil prices. Since 1986, the riyal is officiallypeggedto theIMFsspecial drawing rights(SDRs). In practice,...

Currency War Series

Central banks rate decisions outlook for 2016

Nov 27, 2015 06:52 am UTC| Commentary Central Banks

As highly anticipated by the markets, US Federal Reserve will start its hiking cycle next month on its December 16 meeting, while ECB will likely ease further in its December meeting. US Fed may start rising rates this...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

2025 Sees SK hynix's HBM Chips Fully Booked Amidst AI Surge

SK hynix, a key player in the artificial intelligence (AI) services sector, made a significant announcement on Thursday. HBM Sales Reflect SK hynixs Market Leadership Its high-bandwidth memory (HBM) processors,...

Bitcoin Price May Consolidate for Two Months Post-Halving, Says Bitfinex

As the cryptocurrency market adjusts to the latest Bitcoin halving, analysts from Bitfinex forecast a price consolidation period of up to two months, with significant price fluctuations expected within this...

Former PayPal President Predicts Bitcoin as AI's Future Currency

Amid fluctuating prices, former PayPal President David Marcus champions Bitcoin as the native currency of AI at the Bitcoin for Corporations 2024 event, rekindling interest and optimism in the cryptocurrencys long-term...

Massive Shiba Inu Transfer: 1.75 Trillion SHIB Moves, Sparks Market Excitement

On May 2, Whale Alert tracked two enormous transfers totaling 1.75 trillion Shiba Inu (SHIB) tokens from Robinhood, driving a more than 6% increase in SHIBs price and igniting bullish sentiment among...

Anthropic Launches Claude AI App on iPhone to Rival OpenAI’s ChatGPT

Anthropic PBC, an artificial intelligence startup established in 2021, announced on Wednesday, May 1, that it launched an iOS app for its Claude 3 AI chatbot or language models. The company also unveiled a new subscription...