As the European Union celebrates 60 years, can Asia use it as a model for economic integration?
Mar 24, 2017 07:32 am UTC| Insights & Views Economy
On 25 March 2017, the European Unions heads of state and government will meet in Rome to celebrate the 60th anniversary of the European project. The date marks the signing of the Treaties of Rome, which established the...
FxWirePro: Directional optionality and cash trades on interest rate differentials
Mar 24, 2017 07:25 am UTC| Insights & Views Central Banks
We stay short GBPUSD because interest rate based valuations are even more stretched than USDCAD (we expect BoE hawks to be caged by an economy that is finally starting to cool), but once again reduce the directionality to...
Mar 24, 2017 07:21 am UTC| Research & Analysis Insights & Views
TheAustralian federal governments mid-year fiscal updateis expected to show a deteriorating deficit as broad economic weakness offsets commodity price gains. Markets will be watching for any rating agency reactions. The...
FxWirePro: Hedge ZAR in South African inflationary environment via option spreads
Mar 23, 2017 12:36 pm UTC| Central Banks Insights & Views
South African inflation data was due for publication yesterday. Consumer prices in South Africa rose 6.3 pct YoY in February of 2017, following a 6.6 pct gain in January, matching market expectations. It was the lowest...
Mar 23, 2017 11:04 am UTC| Insights & Views Economy Central Banks
Data released by the Ministry of Trade and Industry (MTI) showed Thursday that Singapores headline inflation has accelerated slightly in February, in line with expectations. Singapores headline inflation increased 0.7...
FxWirePro: Macro level hedging radar amid fading interest rates and political tail risks
Mar 23, 2017 11:00 am UTC| Central Banks Insights & Views
The USD index has set a new low for the year having dropped 1.25% on the Feds caution. Not only that, the dollar has now retraced over 60% of the entire Trump rally, which goes a long way to validating a key assumption in...
FxWirePro: EURGBP call spread to complement handful of proxy EUR recovery trades
Mar 23, 2017 10:54 am UTC| Central Banks Insights & Views
The portfolio was tactically long USD into the FOMC but only where positioning and valuations were most favorable (CAD and GBP). This was partially hedged through a USDCHF put. The delivery of only a dovish hike counts...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects