Thursday, September 24, 2020

Alert: At UN Assembly, President of Burundi rejects diplomatic aggression against his country

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At UN Assembly, President of Burundi rejects diplomatic aggression against his country

The "indiscriminate consequences" of the COVID-19 pandemic have underscored the importance of multilateralism and how the world handles global challenges and contradictions, the President of Burundi told world leaders gathered virtually for the UN General Assembly. 

Full story on UN News

[Daily article] September 25: Tower Hill Memorial

The Tower Hill Memorial is a pair of Commonwealth War Graves Commission
memorials in Trinity Square, on Tower Hill in London, England. The
memorials, one for the First World War and one for the Second,
commemorate more than 36,000 men and women of the Merchant Navy and
fishing fleets who were killed as a result of enemy action and have no
known grave. The dead are named on bronze panels ordered by the ships
they served on. The first memorial, the Mercantile Marine War Memorial
(pictured), was commissioned following the heavy losses sustained by
merchant shipping in the First World War. It was designed by Sir Edwin
Lutyens and unveiled by Queen Mary in 1928. The second, the Merchant
Seamen's Memorial, is a semi-circular sunken garden designed by Sir
Edward Maufe and unveiled by Queen Elizabeth II in November 1955. A
third memorial, commemorating merchant sailors who were killed in the
1982 Falklands War, was added to the site in 2005. The memorials to the
world wars are listed buildings.

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

_______________________________
Today's selected anniversaries:

1396:

Ottoman wars in Europe: Ottoman forces under Bayezid I
defeated a Christian alliance led by Sigismund of Hungary near present-
day Nikopol, Bulgaria.
<https://en.wikipedia.org/wiki/Battle_of_Nicopolis>

1977:

About 4,200 people took part in the first modern Chicago
Marathon.
<https://en.wikipedia.org/wiki/Chicago_Marathon>

1990:

The Ram Rath Yatra, a political–religious rally organised to
erect a temple to the Hindu deity Rama on the site of the Babri Masjid,
began in the Indian state of Gujarat.
<https://en.wikipedia.org/wiki/Ram_Rath_Yatra>

_____________________________
Wiktionary's word of the day:

jovial:
1. (comparable) Cheerful and good-humoured; jolly, merry.
2. (not comparable, astrology, obsolete) Pertaining to the astrological
influence of the planet Jupiter; having the characteristics of a person
under such influence (see sense 1).
<https://en.wiktionary.org/wiki/jovial>

___________________________
Wikiquote quote of the day:

  Poets are almost always wrong about facts. That's because they
are not really interested in facts: only in truth: which is why the
truth they speak is so true that even those who hate poets by simple and
natural instinct are exalted and terrified by it.  
--William Faulkner
<https://en.wikiquote.org/wiki/William_Faulkner>

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Alert: CAR President calls for better representation of Africa on the Security Council

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CAR President calls for better representation of Africa on the Security Council

Central African Republic, like nearly every nation on the planet, has not been spared by the COVID-19 pandemic, with indictors predicting a contraction by up to 1.2 of the country's economic growth, President Faustin Archange Touadera said on Thursday, calling on world leaders to unite against the virus. 

Full story on UN News

Asia-Pacific Wrap


ForexLive Asia FX news wrap: CNH adds to gains on bond news

Forex news for Asia trading Friday 25 September 2020 There was not a lot to move major FX from news nor data flow during the session. The most impact came from news that China government bonds (CGBs) look set to be included in the FTSE Russell flagship World Government Bond Index (WGBI). The index is made up of mostly developed market bonds... Read full article


More on the inflows to China expected from the inclusion of CBGs into the FTSE Russel WGBI

OK, re the alphabet soup headline: The news earlier: Adding an estimate from Goldman Sachs, that they expect inflows of around US$140 bn into mainland bonds over the inclusion period.... Read full article


China's inclusion in the FTSE Russel Bond Index expected to attract USD120bn inflows

The news earlier gave a boost to CNH: FTSE Russell will add China government bonds to benchmark WGBI index next year Deutsche Bank with the implications (this is summary, bolding mine):... Read full article


China PMIs due next week - improvement expected

China's purchasing managers' indexes for September are due on September 30 (at 0100GMT) The official PMIs from the NBS. Manufacturing Non manufacturing... Read full article


Australian preliminary trade data for August. Exports -2% m/m, imports -7% m/m.

Both exports and imports declined in August 2020, but the surplus on goods remained. Note this is preliminary data and subject to revision. Year-on-year exports in August 2020 declined $5,545m (-16%)... Read full article

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Latest Forex Orders


FX option expiries for Friday September 25 at the 10am NY cut

EUR/USD

  •  1.1550 945m euro amount
  •  1.1700 630m
  •  1.1725 535m
  •  1.1800 571m
 USD/JPY
  •  104.50 895m USD aount
  •  104.70 650m
  •  105.00 1.3bn
  •  105.50 610m
  •  105.80 398m
  •  105.87 444m
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