FxWirePro: Be choosy and stay long on VXY through 2018
Jan 05, 2018 12:11 pm UTC| Research & Analysis Insights & Views Central Banks
The global picture on the volatility front hasnt really changed in recent months. Implied and realized volatility is still hovering in their low or very low percentiles. 2017 the trading year is going out rather quietly...
Jan 05, 2018 09:46 am UTC| Research & Analysis Central Banks Insights & Views
2017 has been the year in which more central banks broke ranks. We expect this to continue in 2018. The Fed will hike four times and the BoC two, which supports long positions in USD and CAD. Risk-reward-considerations:...
FxWirePro: The Day Ahead- 5th January 2018
Jan 05, 2018 04:50 am UTC| Commentary Central Banks
Lots of economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: United Kingdom: BRC shop price index down 0.6 percent y/y in December. Japan: Markit...
Jan 04, 2018 10:10 am UTC| Research & Analysis Insights & Views Central Banks
Even though the high-yielding currencies have become consensus trades for 2018, we maintain a more bullish stance than consensus on BRL short term. The significant improvement in capital flows linked to the growth boost we...
Jan 04, 2018 07:08 am UTC| Research & Analysis Insights & Views Central Banks
Are you puzzled by Euro strength or perhaps dollar weakness instead? Was the latest FX move due to Sterling? The fair elucidation of the exchange rates would always be challenging. Despite robust growth, the ECB would...
ECB likely to change policy tone in spring of 2018, says BoFAML
Jan 04, 2018 05:19 am UTC| Commentary Economy Central Banks
The European Central Bank (ECB) is expected to change its monetary policy tone in the spring of this year. The first step would be to sever the link between inflation dynamics and the continuation of QE as Benoit...
FxWirePro: The Day Ahead- 4th January 2018
Jan 04, 2018 04:51 am UTC| Commentary Central Banks
Lots of economic data and events scheduled for today, but all with low to medium volatility risks associated. Data released so far: Japan: Nikkei manufacturing PMI declines to 54 in December. China: Caixin...