FxWirePro: PBoC seems to have effectively managed FX policy and valuations for both Chinese offshore spot and CNY

Apr 13, 2016 08:08 am UTC| Insights & Views Commentary

While CNY has generally stabilized against USD at end-2015 levels, Chinas official RMB index declined by 3.6% during the same period. To a large extent, this is something the PBoC would like to observe a stable USDCNY...

FX Hedging Strategy Series

FxWirePro: Use GBP/JPY upswings to deploy shorts in backspreads - Vega ATM puts to hedge on accelerated IVs ahead of BoE

Apr 13, 2016 07:56 am UTC| Commentary

Please have a glance on how implied volatilities of ATM puts of 1D and 1W expiries are acting crazily in OTC markets, 16.90% and 12.84% respectively ahead of Bank of Englands monetary policy which is most likely to be...

Dilma faces impeachment, but Brazil far away from political recovery

Apr 13, 2016 07:53 am UTC| Commentary

Yesterday, Brazilian stock index outperformed all of global peers, rallying more than 4%, on the news that Impeachment of President Dilma Rousseff has cleared first hurdle. Since March, Bovespa has rallied 22%, making its...

Australia’s employment likely increased in March, jobless rate to have remained at 5.8%

Apr 13, 2016 07:45 am UTC| Commentary

Employment in Australia had increased sharply by 120k in October/November 2015, equivalent to an annualised rate of 3.1%. However, employment in the December-February period stagnated effectively. With the Australian...

Japanese economy to recover just moderately in 2016, inflation to remain muted until 2017

Apr 13, 2016 07:20 am UTC| Commentary

In Q4 2015, Japans real GDP growth returned to negative territory, with output contracting 0.3% q/q and growing 0.8% y/y. The economy had grown 0.3% q/q in Q3 2015. The economic outlook of the country continues to be...

Japanese bonds tumble as stocks hits 6-weeks high on rallying oil prices

Apr 13, 2016 06:53 am UTC| Commentary

The Japanese government debt instrument traded weak on Wednesday amid tracking strong cues emerging from equities and crude oil prices. Japanese shares rose for 2nd straight day, with the Topix index heading for its...

India’s inflation likely to hover around 5% in coming few months

Apr 13, 2016 06:41 am UTC| Commentary

Indias CPI inflation decelerated to 4.8% y/y in March, as compared with consensus forecast of 5%. Food inflation, which decelerated to 5.4%, mainly drove the decline in CPI inflation, but fuels and light also helped in...