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RBNZ rate cut fully priced in, focus on statement for shift in forward guidance

Nov 07, 2016 12:08 pm UTC| Insights & Views Economy Central Banks

The Reserve Bank of New Zealand (RBNZ) holds its next monetary policy meeting on Wednesday, 9th November and markets have fully priced in a 25 basis point cut to a fresh record-low of 1.75 percent. Focus shall remain on...

FX Hedging Strategy Series

FxWirePro: RBNZ OCR easing, Fed hike expectations and U.S. election signal NZD/USD projections at 0.70 by Q4’2016

Nov 07, 2016 11:10 am UTC| Central Banks Commentary

The markets betting odds for a November OCR cut has been very unwavering during in the recent past at probabilities slightly more than 80%. However, the market now reckons any further easing beyond Nov as a zero chanceand...

Fundamentals to watch out for this week

Nov 07, 2016 10:54 am UTC| Commentary Economy Central Banks

This week is extremely risk heavy. Expect lots of volatility. The focus is on the US election. What to watch for over the coming days: US Presidential election: This is the mother of all events this week. On...

BoT likely to remain on hold following sluggish economic growth, private sector demand

Nov 07, 2016 08:38 am UTC| Commentary Central Banks Economy

The Bank of Thailand (BoT) is expected to keep its interest rate unchanged at the monetary policy meeting scheduled this week, following sluggish economic growth and a dullness in private sector demand. Further, the...

BoK likely to keep policy rates steady on slow economic growth, to adopt dovish bias

Nov 07, 2016 05:06 am UTC| Commentary Economy Central Banks

The Bank of Korea (BoK0 is expected to keep policy rates on hold, following slower economic growth amid increasing political risks and continuous expansion of household debt. However, it is likely to adopt a dovish bias in...

FX Hedging Strategy Series

FxWirePro: USD/CAD neutral bullish risk reversals for leveraged setup and to mitigate upside risks ahead of underlying economic news

Nov 04, 2016 12:42 pm UTC| Central Banks Research & Analysis

The fact that market attention will focus less on the US labour market report today may mean that the Canadian labour market report receives more attention. We doubt whether this will turn out to be quite so positive...

FX Hedging Strategy Series

FxWirePro: Hedge USD vega exposure as currency appreciation nose-dives to drive gamma performance

Nov 04, 2016 07:46 am UTC| Central Banks Research & Analysis Insights & Views

The stern US dollar has been strengthening fails to drive gamma performance: fade rich USD vols and skews. This week saw a sharp acceleration in the global sovereign rates bearish steepening, on improved global data...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

Australia marked a national day of reflection on Sunday to honour the victims of a deadly gun attack that struck a Hanukkah celebration at Sydneys Bondi Beach a week earlier, killing 15 people and injuring dozens more. The...

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

Science

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...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...
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