World Trade Organisation gives Australia's plain tobacco packs the (draft) thumbs up
May 05, 2017 14:33 pm UTC| Insights & Views Economy
The World Trade Organisation (WTO) has reportedly backed Australias laws on plain tobacco packaging implemented from December 2012. The apparent decision marks the end of the last of three cases brought against...
FxWirePro: Sterling OTC FX tepid, out of the limelight but not out of the woods
May 05, 2017 12:52 pm UTC| Research & Analysis Insights & Views
Please be advised that the 25-delta risk of reversal of GBPUSD has not been indicating any dramatic shoot up nor any slumps but bearish-neutral (no fresh change in risk reversals has been observed), but seems to be one of...
May 05, 2017 11:49 am UTC| Research & Analysis Insights & Views
We add short EM vol risk on positive developments this week, selling 1Y USD/TRY vols after unexpected CBRT hawkishness, and -1M/+3M vega-neutral calendars in USD/BRL to fade the mid-week vol uptick driven by local and...
Donald Trump and Rodrigo Duterte: a not-so-surprising political friendship
May 05, 2017 10:24 am UTC| Insights & Views
US President Donald Trumps recent friendly phone conversation with Rodrigo Duterte, during which he invited the Philippine president to the White House, raised questions about his penchant for closeness with...
May 05, 2017 10:20 am UTC| Central Banks Research & Analysis Insights & Views
Following the CBRTs decision to hike the Late Liquidity Window (LLW) by 50bp to 12.25%, we would like to initiate longs in TRYZAR (entry: 3.6950; target: 3.90) and uphold shorts in USDTRY. The central bank decision was in...
FxWirePro: Ideal time for tactical hedging USD/JPY via knockout puts
May 05, 2017 10:02 am UTC| Research & Analysis Insights & Views
The FOMC is looking through softer data and is on track for a June rate hike, but we dont think that suffices to drive the dollars robustness in the months to come unless the market reconsiders the longer-term rate...
BRICS bank is offering more of the same rather than breaking the mould
May 05, 2017 08:37 am UTC| Insights & Views Economy
The New Development Bank recently held its second annual meeting in the Indian capital of New Delhi to discuss the sustainability of financing development projects in its member states. The multilateral bank was...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight