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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

Toyota Group ramping development of fuel-cell vehicle, parts

The Toyota Group is ramping efforts in developing hydrogen fuel-cell vehicles and its parts to meet the global demand for eco-friendly cars. Last month, Toyota Motor Corp. released its second-generation hydrogen-powered...

S. Korean excavator makers Doosan, Hyundai expected to sustain China sales

Exports of South Koreas two excavator makers Doosan Infracore Co. and Hyundai Construction Equipment rose 19 percent to US$200 million in December from the previous year ago, mainly due to a boom in Chinas construction...

General Motors warns Indian state that blocking its exit could hit future investment

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Volkswagen may sue suppliers Bosch and Continental over chip shortages

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UK advising firms to set up hubs in EU to avoid trade disruption

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Politics

Donald Trump humiliated: Greta Thunberg takes one last swipe at ex-POTUS on Twitter

Now-former President Donald Trump is no longer the Commander-in-Chief, but it did not stop many of his well-known critics from taking a swipe at him on his last day. Among them is renowned climate change activist Greta...

Melania Trump humiliated: Former aide Stephanie Winston Wolkoff blasts ex-FLOTUS

Former first lady Melania Trump left the White House with a very low favorability rating like her husband, Donald Trump. Former advisor and friend Stephanie Winston Wolkoff delivered yet another criticism towards Melania...

Kamala Harris honored by Golden State Warriors in special tribute to VP

Kamala Harris broke ground in so many aspects of US history when she was sworn in as the 49th Vice President of the United States. The former California Senator was then honored by NBAs Golden State Warriors in a special...

Joe Biden Cabinet: POTUS announces acting heads of federal agencies

Joe Bidens cabinet is not fully set in place just yet as most of his nominees are still in line for their confirmation hearings at the Senate. As his nominees have yet to be confirmed, Biden has already announced who will...

Science

What to feed ducks – according to science

The simple things in life sometimes bring the greatest joy like feeding the ducks at your local pond. The next time you pay your feathered friends a visit, consider introducing some variety into the food you give them....

Yellowstone volcano: USGS warns of possible eruption

Many scientists are keeping watch over the activity occurring in the Yellowstone volcano because of its potential to inflict large-scale damage in the United States. Now, scientists at the USGS have now warned of a...

Mars mission: NASA scientist says Martians can help humans live on Red Planet

Being able to live on Mars is one of the goals that space agencies all over the world have when it comes to exploring the red planet in future Mars missions. Although it may take a while to figure out how we may be able to...

Black holes: Albert Einstein's theory may save Earth from wandering black holes

Black holes are one of the most mysterious objects in the universe and were first brought up by renowned scientist Albert Einstein. With the possibility of wandering black holes being able to consume our own planet, the...

Asteroid alert: 16-meter space rock to pass by Earth on New Year weekend

With days to go until the Earth completes another year around the Sun, it appears that the universe also has plans to celebrate the new year along with us. An asteroid is set to pass by our planet a few days after the new...

Technology

‘PUBG’ 10.2 introduces Reputation Level to keep players’ attitude in check

The PUBG 10.2 console patch is now live, and developers are introducing an all-new feature that they hope will keep the players attitude in check. As the name suggests, the Reputation Level will serve as a quick reference...

'Among Us' accounts are 'close' to getting released

When Among Us became one of the biggest hits of 2020, gamers and developers soon realized the need for an accounts system. Innersloth previously announced it is one of their priorities moving forward, and the developers...

OnePlus 7, 7T gets Android 11-based OxygenOS 11 in first Open Beta

The Android 11-based OxygenOS 11 update has now entered the first Open Beta phase for OnePlus 7 and 7T users. Before testing this version, there are some important reminders smartphone users need to keep in mind. How to...

'Dead by Deadlight' is finally getting a colorblind mode after backlash over developer's stream

Behaviour Interactive revealed that Dead by Deadlight is getting the highly requested colorblind mode. The announcement happens after fans found one of the developers saying that hearing about the accessibility feature a...
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