FxWirePro: More RORO than Euro-up on perplexed macro plot, OTC FX to substantiate
May 09, 2017 07:33 am UTC| Research & Analysis Insights & Views
Macrons victory has been greeted by markets with a big yawn, which in hindsight should not be too surprising given that it was anticipated. The euro had rallied last week in expectation of a Macron presidency. Perhaps...
Government spending explained in 10 charts; from Howard to Turnbull
May 09, 2017 03:51 am UTC| Insights & Views Politics Economy
Successive Australian governments are usually judged on how they balance the budget and spend taxpayers dollars. The stereotypes are that Liberal governments keep a tight hold on the purse strings, while Labor governments...
May 08, 2017 12:36 pm UTC| Research & Analysis Insights & Views
The Chinese PMIs indicate easing Trend in Trade: Chinas NBS manufacturing PMI eased in April, declining to 51.2 from 51.8 in March, which was the highest reading since April 2012. Easing was broad-based across the major...
FxWirePro: VXY vols print fresh Fed-cycle lows after French polls
May 08, 2017 12:23 pm UTC| Research & Analysis Insights & Views
VXY printed fresh Fed-cycle lows this past week and is screening 1 vol cheap vis-à-vis macro correlations. The undershoot is not yet at historical extremes but bears close watching in a seasonally volatile...
China’s export growth momentum likely to soften in Q2, outlook to remain stable through 2017
May 08, 2017 12:11 pm UTC| Economy Insights & Views
Chinas exports and imports data surprised negatively in April, suggesting that Chinas export growth momentum is likely to soften in Q2. Data released earlier on Monday that Chinas exports in April rose 8 percent...
FxWirePro: Uphold longs in Swiss franc versus USD via option structures and against EUR in spot
May 08, 2017 10:18 am UTC| Research & Analysis Insights & Views
We do not believe the French election watershed moment for CHF. The uptrend in CHF was doubtless aggravated by political risk, and this is apparent from the accelerated intervention the SNB has needed to undertake this...
FxWirePro: Mid-tenor CNY swap rates likely to agonize amid bearish bond market
May 08, 2017 09:55 am UTC| Central Banks Insights & Views
There has been a total of CNY310bn of reverse repos matured in thee recent past, with no MLF due. The PBoC is likely to provide liquidity when the market needs it but will maintain a neutral-to-mild tightening stance its...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects