Sunday, September 20, 2020

[Daily article] September 21: Bat

Bats, of the order Chiroptera, are the only mammals capable of sustained
flight. Their wings, spread-out fingers covered by a thin membrane, make
them more manoeuvrable than birds. Bats range in size from Kitti's hog-
nosed bat, weighing 2–2.6 g (0.07–0.09 oz), to the giant golden-
crowned flying fox, up to 1.6 kg (4 lb) with a wingspan of up to
1.7 m (5 ft 7 in). The second largest order of mammals after rodents,
bats comprise about 20% of all mammal species, with over 1,200 species
distributed across the world. Most bats are nocturnal. They are mostly
insect- and fruit-eaters, but some are carnivorous, such as vampire
bats. Some are important for pollinating flowers and dispersing seeds;
others consume insect pests, reducing the need for pesticides. Bats
harbour the agents of many communicable diseases, such as rabies and
coronaviruses. They are often associated with darkness, malevolence,
vampires, and death.

Read more: <https://en.wikipedia.org/wiki/Bat>

_______________________________
Today's selected anniversaries:

1745:

Jacobite risings: Jacobite troops led by Charles Edward Stuart
defeated Hanoverian forces in Prestonpans, Scotland.
<https://en.wikipedia.org/wiki/Battle_of_Prestonpans>

1965:

Portugal accepted a diplomatic mission from Southern Rhodesia
despite objections by Britain, which had required the colony to
implement black majority rule as a condition of independence.
<https://en.wikipedia.org/wiki/Rhodesian_mission_in_Lisbon>

1996:

The Defense of Marriage Act was passed by the United States
Congress, prohibiting federal recognition of same-sex marriage, while
allowing states to adopt any marital definition of their choosing.
<https://en.wikipedia.org/wiki/Defense_of_Marriage_Act>

_____________________________
Wiktionary's word of the day:

olive branch:
1. A branch of an olive tree offered as an emblem of peace.
2. (figurative) Any symbol of peace, or a peace offering to an adversary
to show goodwill and in the hope of securing peace. [...]
<https://en.wiktionary.org/wiki/olive_branch>

___________________________
Wikiquote quote of the day:

  What fascinates me — mesmerizes me — isn't so much Trump
himself as the American government he's crafted: a major world power
with no policy, no consistency, and no idea what it's doing.  
--Stephen King
<https://en.wikiquote.org/wiki/Stephen_King>

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Asia-Pacific Wrap


ForexLive Asia FX news wrap: Currencies catch a bid against the USD

Forex news for Asia trading Monday 21 September 2020 After opening weak US equity index futures on Globex recovered, currencies followed along on the rise like obedient dogs. EUR, GBP, AUD, CAD, NZD are all higher against the dollar as I update. The ranges have not been large but for Asia they are OK sort of moves.... Read full article


Social media rumours that Saudi Arabia King Salman is in critical condition

Salman bin Abdulaziz Al Saud is King of Saudi Arabia He is 84 years old and said to be in ill health. Social media mill grinding out the rumours he is in critical condition.... Read full article


Goldman Sachs tips value shares as better bet on a Covid-19 vaccine than cyclicals

This via a Bloomberg piece from GS: As for timing, this: Here is the for more Bloomberg link... Read full article


China 1 and 5 year LPR set at 3.85% and 4.65% respectively

The LPR is the Loan prime Rate, set in reference to the rate on the PBOC's medium-term lending facility (MLF) Previous monthly setting : No change today.... Read full article


Global Times editor Hu Xijin's threatens a war on Australia

Posted on Chinese social media site Weibo, according to Australian journalist Bill Birtles who recently fled China: Keeping an eye on the Global Times is a good guide to official China outlook - obviously strains between China and the US & allies are not diminishing.... Read full article

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Latest Forex Orders


FX option expiries for Monday September 21 at the 10am NY cut

A light one ahead, 

  • USD/JPY strike 105.90 for amount 510m USD

For bank trade ideas, check out eFX Plus 
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