FxWirePro: Relative value options trades for EURUSD amid bullish neutral risk reversals
Jul 06, 2017 09:12 am UTC| Research & Analysis Insights & Views
The focus in the euro area today will be the account from the ECBs June Governing Council meeting which will be analyzed for any further insight into the likely timing of the ECBs announcement of a gradual tapering....
FxWirePro: Optionality touch for distressed AUD after recent perplexed RBA’s status quo
Jul 06, 2017 07:39 am UTC| Central Banks Insights & Views
Enduring macro trends in FX remain elusive as the passage of time has resolved few uncertainties in the past month. We expect AUDJPY to decline through 2017 on skinnier rate differentials and a pull-back in commodity...
Jul 06, 2017 07:14 am UTC| Technicals Insights & Views
After big bearish engulfing pattern candle, bears have managed to remain below 21DMA consistently (refer 4H charts). History repeats in the major trend, ever since it has broken channel resistance at 80.356 levels, the...
FxWirePro: Delta hedging and FVAs for Jitters of TRY on surprising Turkish CPI
Jul 05, 2017 13:18 pm UTC| Central Banks Insights & Views
CBRT monetary policy may gradually loosen from here. After roughly 350 bps tightening since the start of the year, the central bank may have fewer reasons to maintain such a tight monetary stance in the months ahead. CPI...
Jul 05, 2017 13:16 pm UTC| Central Banks Insights & Views
We maintain our forecast for a modest and gradual appreciation in SEK which has been predicated on a strong economy leading to a slow reversal in monetary policy. Year-end Forecast for EURSEK is at 9.45 and 1H18 at 9.30...
UK economy heads into Q3 with rapidly eroding momentum, heightened uncertainties fuel caution
Jul 05, 2017 11:52 am UTC| Insights & Views Economy
UK service sector growth slowed in June and business optimism hits lowest level since Brexit vote, survey data released earlier today by Markit/CIPS showed. Markit/CIPS UK Services Purchasing Managers Index (PMI) fell to a...
FxWirePro: Formulate knock out optionality structure for USD/CAD bearish potential
Jul 05, 2017 11:43 am UTC| Research & Analysis Insights & Views Central Banks
The bearish USDCAD scenarios (below 1.28) driven by: BoC indicates an intention to normalize rates earlier due to an improved global outlook. Global demand pushes oil prices to $50 plus and towards $60. The...
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