
FxWirePro: Hedge CZK's depreciation via "debit put spreads" on CNB's rate cut hopes
May 27, 2016 13:06 pm UTC| Commentary
In a widely anticipated move yesterday, Czech President Milos Zeman formally nominated long time ally Jiri Rusnok as CNB governor. Rusnok has already been a CNB board member and had been Zemans ally from the early 2000s...
Italy’s business, consumer confidence decline on concern over recovery in Euro zone
May 27, 2016 13:00 pm UTC| Commentary
Italys May business and consumer confidence declined over concern of recovery in the Euro zones third-largest economy, signaling thoughts of pessimism among investors. The manufacturing-sentiment index declined to 102.1...
Renewed hedging perspectives of EUR/USD risks on Fed's deferral moves
May 27, 2016 12:46 pm UTC| Commentary
It is a difficult task for the US central bank to implement a rate hike cycle over more than two years without the market pricing it in accordingly. However, our Fed watchers have a strong argument: as Fed maintained...
Cow collateral: Complexity in China’s debt universe
May 27, 2016 12:41 pm UTC| Commentary
We came across a nice Bloomberg article that talks about cow being collateralized in China for bank loans. Here are some parts of the article: China Huishan Dairy Holdings Co., which operates the largest number of dairy...

Better GDP number likely to cheer up Dollar heading into Yellen
May 27, 2016 11:58 am UTC| Commentary
Today second estimate of US first quarter GDP will be released at 12:30 GMT. After FOMC refrained from hiking rates in April but minutes gave a strong hint that they may move ahead in June if data supports, participants...
U.K. gilts slump as investors shrug off possibility of Britain leaving the EU
May 27, 2016 11:32 am UTC| Commentary
The U.K gilts slumped on Friday as investors appear to have concluded that the U.K. will vote to stay in the European Union in June. Also, investors await Federal Reserve Chair Janet Yellens speech in an attempt to...
Spanish retail sales surge on upbeat jobs sector amid political uneasiness
May 27, 2016 11:28 am UTC| Commentary
Retail sales in Spain jumped in April, rising for the first time in three months on lucrative jobs sector, ignoring the ongoing political deadlock in the country. This indicates rising momentum for the second quarter as...