
FxWirePro: Sentiment gauge episode 1 - EM South-East Asian FX basket
Feb 01, 2017 07:45 am UTC| Research & Analysis Insights & Views
EM Asia FX: We remain UW, albeit with reduced conviction. In this weeks update, we look at how our EM Asia FX sentiment gauges have evolved since the beginning of 2017.This is timely in our view given the generally more...

Feb 01, 2017 05:46 am UTC| Research & Analysis Insights & Views
AUDNZD downward momentum persists despite todays bull swings, the next major target 1.0240 (Sep low) for the weeks ahead. The pair in medium term perspectives:Higher to the 1.0650-1.0770 area, mainly for valuation...

BoE Super Thursday could see some volatility even if rates and quantitative easing are held steady
Jan 31, 2017 12:38 pm UTC| Insights & Views Central Banks
The Bank of England (BoE) back into focus this Thursday as it holds its first monetary policy meeting for 2017. Analysts widely expect the central bank to maintain its interest rate at a historic low of 0.25 percent amid...

FxWirePro: Road ahead for EMFX basket in 2017 and outright trades
Jan 31, 2017 12:35 pm UTC| Research & Analysis Insights & Views
We believe the market is complacent of the negative effects on EM FX from protectionism and reflation in core rates. EM FX has recently gained vs. USD as part of broad unwinding of bullish USD positions. However, we expect...

Jan 31, 2017 12:29 pm UTC| Research & Analysis Insights & Views
The FX vol market is showing signs of capitulation and front-end vols are softer over the week, leading to vol steepening across the board. Softer vols in U.S. could provide a momentary soft patch as the Dow Jones broke...

FxWirePro: Assessment of RVs versus IVs AUD/JPY and MXN/JPY - Relative values in conditional spreads
Jan 31, 2017 10:57 am UTC| Research & Analysis Insights & Views
Pick up relative value in conditional spreads, the conditional long/short vanilla spreads provide another avenue to explore when looking to fade vol risk premia. The idea is to structure zero-cost (or even premium...

FxWirePro: USD/TRY FVAs hedge seems more appealing
Jan 31, 2017 09:25 am UTC| Central Banks Research & Analysis Insights & Views
There is merit in earning carry in risk efficient form, and we sell USDTRY 1Yx1Y FVAs hedged with a static vanilla ATM call. USDTRY 1Yx1Y FVAs an appealing shorts, we are not chasing the drop in USD gamma lower;...