Currency risk can be effectively hedged by locking in an exchange rate through the use
of currency futures, forwards, options, or exchange - traded funds.
Liffe offers trading in a limited number
of currency futures and options products, based on U.S. dollar and euro relationships.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign
currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate,
future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or
future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Here are three off the top
of my head: Record levels
of household debt threaten
future spending, too many
of our companies need a weaker
currency to be competitive, and international energy companies are giving up on Canada as a place to invest.
As
of July 31,
futures markets predict a unit
of the new
currency will be worth hundreds
of dollars.
Bitcoin's value dropped below $ 8,000 on Friday morning, taking $ 100 billion off the cryptocurrency market as concerns grew over the
future of digital
currencies this week.
Cboe launched the bitcoin
futures under the «XBT» ticker symbol on Sunday following a giant leap in the digital
currency's price this year and a surge
of investor interest.
Launching bitcoin
futures at the Cboe gives the often volatile digital
currency legitimacy it in the eyes
of some institutional investors.
But Vorhees shares Byrne's view that bitcoin and Ethereum remain the most promising crypto -
currencies, and that not all
of the «major»
currencies will be around in the
future.
The story that bitcoin victims are being sold is that, because we can not trust government - issued
currencies, bitcoin is the
future of money.
He also served as President
of Commerzbank
Futures during the introduction
of the Euro
currency and oversaw the transition from D - mark to Euro.
The price
of bitcoin, the world's most well - known virtual
currency, lost almost one fifth
of its value to $ 15,800 this week after peaking as high as $ 19,666 on Sunday, as feverish demand ebbed slightly after the exchange giant CME Group and its rival Cboe Global Markets listed bitcoin
futures.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign
currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4)
future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5)
future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and
future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and
currency exchange rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Early digital
currency investor Roger Ver says bitcoin is «a game
of hot potato» and he's «really, really concerned about the
future of bitcoin.»
Wall Street stock
futures are higher and the dollar at a five - month low, as the Federal Reserve's partial retreat from its rate - hike intentions boosts confidence for the world economic outlook and leads to the unwinding
of some
of the «safe haven» flows into the U.S.
currency over recent months.
The Commodity
Futures Trading Commission on Wednesday ordered Citibank to pay $ 425 million to settle charges including attempted manipulation and false reporting
of several key
currency - valuation benchmarks.
In July, the Commodity
Futures Trading Commission approved a bid by a firm called LedgerX to open a clearinghouse for crypto -
currency puts, calls, swaps and all sorts
of other exotic contracts.
LONDON, May 2 (Reuters)- The strong dollar and mixed economic data kept the pressure on emerging stocks on Wednesday but
currencies bounced back from steep losses as markets waited to hear from the U.S. Federal Reserve on the
future path
of interest rates.
Many digital
currency enthusiasts expected that the launch
of futures by the two major exchanges would pave the way for a bitcoin exchange - traded fund, which would likely bring even more institutional funds into cryptocurrencies.
At some point in the
future, Continental — which has 17
currency - exchange branches in Ontario — might also seek to elevate concerns that a growing number
of people have with money itself.
U.S. stock index
futures pared gains on the data, while the dollar slipped against a basket
of currencies.
«An important component
of our
future growth plan is our fixed income,
currencies and commodities franchise,» he said.
Equity
futures are higher, so people are expecting a positive opening,» said Arne Lohmann Rasmussen, head
of currency research at Danske Bank in Copenhagen.
Instead
of buying a specific asset class like a company's stock or a
currency,
futures and options contracts allow traders to profit from their bets on
future prices and to hedge losses on what they already own.
Bitcoin hit an important milestone this month when CME Group and CBOE Global Markets, two
of the world's largest
futures exchanges, were given regulatory approval to list the
currency.
Business circles are particularly concerned over the
future of U.S. - China commercial ties as President - elect Donald Trump prepares to take office, having pledged to brand China a
currency manipulator and threatened to impose tariffs on its goods.
Indiegogo founder and former CEO Slava Rubin discusses the crowdfunding site's new service for initial coin offerings as well as what he sees for the
future of blockchain - based technology and
currencies.
He's formed a virtual
currency working group
of ourselves, the SEC, the Fed» and the Financial Crimes Enforcement Network, said J. Christopher Giancarlo, chairman
of the Commodity
Futures Trading Commission.
«Bitcoin, the virtual
currency, has really captured the imagination recently as one
of the world's most innovative businesses looking to the
future.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount
of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and
future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability
of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction
of generic versions
of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect
of lowering prices or reducing the number
of insured patients; the possibility
of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels
of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits
of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages
of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development
of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate
of the U.S. dollar that may cause an unfavorable foreign
currency exchange impact on Gilead's
future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
During the remarks, Mnuchin also suggested that the Federal Reserve is unlikely to develop its own digital version
of fiat
currency - a topic under discussion at a number
of central banks worldwide - in the near
future.
The net position — contracts to buy a foreign
currency at a
future date minus contracts to sell the same
currency — is often watched by market analysts, who interpret its movements as a proxy for speculators» changing views
of the short - term direction
of exchange rates.
At the SIC 2018, George gave his insight into cryptocurrencies and the
future of currency.
It is instructive to consider what the combination
of interest rates and current exchange rates says about market expectations
of future currency values.
On Jan. 19, Commodity
Futures Trading Commission Chairman Chris Giancarlo gave a speech outlining his views on how the agency should respond to the rise
of virtual
currencies.
Furthermore, in a possible
future where virtual
currencies have won significant mainstream adoption, J.P. Morgan may not be naturally positioned to offer the kinds
of services that consumers want.
The exchange, as well its cross-town rival CME Group, both received clearance from the US Commodity
Futures Commission last week to launch bitcoin futures, which would allow investors to bet on the future price of the red - hot digital cu
Futures Commission last week to launch bitcoin
futures, which would allow investors to bet on the future price of the red - hot digital cu
futures, which would allow investors to bet on the
future price
of the red - hot digital
currency.
«Most people are buying Bitcoin, not because
of a belief in its
future as a global
currency, but because they expect it to rise in value,» a note from economists at Capital Economics said on Wednesday.
The ratings agency Moody's maintained the US's top - notch «Aaa» credit rating Thursday, saying, «The diversity, dynamism, and competitiveness
of the US economy, along with the US dollar's status as the preeminent international reserve
currency and very large size and depth
of the US Treasury market, offset rising fiscal pressures stemming from aging - related entitlement spending, higher debt - service payments, and recent policy actions that will likely reduce
future revenues and increase expenditures.»
While Bitcoin and other virtual
currencies are widely regarded as being difficult to regulate, these representatives would be likely candidates for enforcement
of future such regulation.
New
futures contracts based on the price
of the digital
currency began trading Sunday on the Chicago Mercantile Exchange, a week after bitcoin
futures launched on rival exchange Cboe.
She is also the author
of Higher Probability Commodity Trading; A Trader's First Book on Commodities (two editions);
Currency Trading in the Forex and
Futures Markets; and Commodity Options.
The weekend launch
of a U.S.
futures contract for bitcoin reflects widespread acceptance
of the virtual
currency, especially among investors in Asia, though regulators are wary.
Ideally, many or all states will, in the
future, adopt the Act's uniform set
of rules, which provide consumers with the necessary protections regardless
of where they and the virtual
currency companies with which they do business are located.
Future policies of these organizations are likely shape the future of virtual currencies in the United States as well as a
Future policies
of these organizations are likely shape the
future of virtual currencies in the United States as well as a
future of virtual
currencies in the United States as well as abroad.
Carley Garner is the author
of several
futures and options trading books, including Commodity Options, A Trader's First Book on Commodities, Currency Trading in the FOREX and Futures markets, and now, Higher Probability Commodity T
futures and options trading books, including Commodity Options, A Trader's First Book on Commodities,
Currency Trading in the FOREX and
Futures markets, and now, Higher Probability Commodity T
Futures markets, and now, Higher Probability Commodity Trading.
Global
Currency Strategist Hans Redeker notes that bearish positioning in the
futures market shows the most extreme negative view
of the dollar since April 2009.
Jalak Jobanputra, founding partner
of Future \ Perfect Ventures, an early - stage venture - capital fund, visited Global Finance to discuss the state of fintech, the future of blockchain and digital currencies, and how corporations can extract more value from such techn
Future \ Perfect Ventures, an early - stage venture - capital fund, visited Global Finance to discuss the state
of fintech, the
future of blockchain and digital currencies, and how corporations can extract more value from such techn
future of blockchain and digital
currencies, and how corporations can extract more value from such technology.
Joseph P. Borg, president
of NASAA and director
of the Alabama Securities Commission, further stated, «Investors should go beyond the headlines and hype to understand the risks associated with investments in cryptocurrencies, as well as cryptocurrency
futures contracts and other financial products where these virtual
currencies are linked in some way to the underlying investment.»
Following the success
of conferences in Amsterdam, Miami, Chicago, and Los Angeles, hundreds
of senior executives will travel to London again on September 25 & 26, 2017 to discuss the bright
future of Bitcoin and Blockchain, the most successful virtual
currency in the world.