FxWirePro: A Run Through on Optionality for Scandinavian FX-Space

Jul 17, 2019 12:57 pm UTC| Research & Analysis Central Banks

The minutes from Riksbankens monetary meeting on 2nd July showed that Riksbankens Executive Board members, who kept the repo rate unchanged at -0.25% at the meeting, emphasized that uncertainties in the international...

FxWirePro: Spotlight on Bearish Antipodeans, Fundamental Driving Forces and Trade Strategies

Jul 17, 2019 09:47 am UTC| Research & Analysis Central Banks

This write-up is to emphasize on bearish antipodeans (AUD and NZD) via shorts in AUDCHF and NZDJPY put spread. NZDUSDs potential for 0.6750 during the next few weeks if the Fed delivers dovish guidance with its 25bp...

Fed’s dovish stance provides scope for BI to deliver rate cuts, says Scotiabank

Jul 17, 2019 07:22 am UTC| Commentary Economy Central Banks

The Federal Reserves dovish stance provides scope for the Bank Indonesia (BI) to deliver rate cuts. Meanwhile, a steady Chinese yuan has cleared the way for the Indonesian central bank to lower its policy rate without...

FxWirePro: Quick Glance at Intricacies of Euro and Short Hedges of EURJPY

Jul 16, 2019 12:47 pm UTC| Research & Analysis Central Banks

As we described in the Outlook, EUR maintains a number of structural supports, including its status as a BoP surplus economy and its overall cheap valuation. Weve designed our shorts to neutralize each of these. On the...

Fundamentals to watch out for this week

Jul 15, 2019 12:30 pm UTC| Commentary Central Banks

In terms of volatility risks, this week is light with the focus PMI numbers and U.S. payroll data, What to watch for over the coming days: Central Banks: Several Fed speakers this week - Williams on Monday,...

FxWirePro: Ambiguous USD/TRY? Carry Highest Vol Ratio Via Simple Vanilla Structures

Jul 15, 2019 11:59 am UTC| Research & Analysis Central Banks

The lira may appear to have rallied since this Monday after the CBT Governor was fired last weekend by a presidential decree. But this is a misleading picture where a broader EM FX rally is masking the underlying...

FxWirePro: EUR/GBP IV skews conducive for both bulls and bears - Deploy 3-way straddle on resilient Euro ahead of ECB

Jul 15, 2019 11:05 am UTC| Research & Analysis Central Banks

Today, a German news magazine is moaning about the potential end of multilateralism and the risk of a currency war. However, one cannot agree with the view (which others have brought forward, too) that monetary policy as...