FxWirePro: Buy USD/KRW 3m double no-touch, knock-out 1,109/1,162 to hedge North Korea risk
Sep 19, 2017 10:34 am UTC| Research & Analysis Insights & Views
Weve been neutral on KRW as the rising geostrategic tensions on the Korean peninsula has certainly impacted domestic market sentiment. The USDKRW cross is 2% above the year-to-date lows, the KOSPI equity index is down over...
FxWirePro: Buy USD/KRW 3m double no-touch, knock-out 1,109/1,162 to hedge North Korea risk
Sep 19, 2017 10:34 am UTC| Research & Analysis Insights & Views
Weve been neutral on KRW as the rising geostrategic tensions on the Korean peninsula has certainly impacted domestic market sentiment. The USDKRW cross is 2% above the year-to-date lows, the KOSPI equity index is down over...
FxWirePro: Preview of Fed and dollar OTC actions
Sep 19, 2017 09:46 am UTC| Central Banks Research & Analysis Insights & Views
With markets focused on tomorrows US Fed monetary policy announcement most major currencies were little changed yesterday. The reduction of the Fed balance sheet that is likely to start tomorrow. This aspect that...

FxWirePro: Sterling bulls to intensify on hawkish BoE - GBP/JPY OTC outlook and hedging strategy
Sep 19, 2017 08:06 am UTC| Central Banks Research & Analysis Insights & Views
Following on from last weeks hawkish comments from Bank of England policymakers we now expect a UK rate hike of 0.25% to be announced after the next Monetary Policy Committee meeting on November 2nd. The minutes of the...

FxWirePro: How does GBP/JPY fundamentals appear ahead of BoJ?
Sep 19, 2017 07:37 am UTC| Research & Analysis Insights & Views
Bullish GBP scenarios: 1) The govt. formalizes a lengthy transitional deal with the EU which maintains the status quo for 2-3 years. 2) The economy rebounds to 2%. The UK economy advanced 0.3 percent on quarter in...

FxWirePro: SGD NEER appears too rich and good funding currency but skew metrics tepid
Sep 18, 2017 13:49 pm UTC| Research & Analysis Insights & Views
It is believed that SGD would be a regional underperformer and should be used as a funding currency. The chance of the MAS tightening policy is very low and instead we assign a 70% chance that the midpoint of the SGD NEER...

FxWirePro: Directional interpretations in vol space of EMFX pool
Sep 18, 2017 12:39 pm UTC| Research & Analysis Insights & Views
Before we begin with this write up lets just have a glimpse through EMFX: We stay OW EM FX. In EMEA EM, we diversify long RUB and TRY with short ZAR, and hold OW CZK vs. UW RON. In LATAM, we recently rotated out of OW CLP...