FxWirePro: Uphold delta puts to hedge USD/ZAR on prolonged political risks
Apr 11, 2018 12:16 pm UTC| Research & Analysis Insights & Views
The South African production in the manufacturing sector in February disappointed at -2.4% mom for the second time running. After production had already eased by 1.6% mom in January it had been expected that the figure was...
Apr 11, 2018 11:40 am UTC| Research & Analysis Insights & Views
In the recent past, weve been encountering the major tariff announcements and their impact on various walks of lives, overshadowing what was otherwise a meaningful week of macro data. The US-China trade tensions escalated...
FxWirePro: FX Vol shrinking and need for theta control
Apr 11, 2018 10:22 am UTC| Research & Analysis Insights & Views
A deficiency of alpha opportunities overall within FX universe away from the broad dollar outlook is also being blamed for a lack of leveraged investor enthusiasm for options. There is some merit to this argument in that...
FxWirePro: A run through on what drives tepid FX vols and options liquidation
Apr 11, 2018 08:30 am UTC| Research & Analysis Insights & Views
In our recent post, we shed light on lower FX vols, where stated FX vols have been perplexingly soft over the past two weeks in the face of escalating trade war rhetoric and equity markets jitters have been the talking...
Apr 11, 2018 06:56 am UTC| Research & Analysis Central Banks Insights & Views
The Aussie remains pricey compared to short-term fair value estimates. Yield differentials along the curve continue to move steadily in the US dollars favor, but the more notable move in recent weeks is the slide in...
FxWirePro: Petro-Yuan – A perspective from trade clash to FX clash
Apr 10, 2018 12:50 pm UTC| Research & Analysis
The launch of the petro-yuan in last week has been the talk of the FX streets now as it has the potential to boost CNY over the medium term: as it will add to the currencys credentials as a viable reserve currency and...
Apr 10, 2018 11:58 am UTC| Research & Analysis Insights & Views
We maintain a more bullish stance than consensus on BRL short-term. 2 predominant reasons for outperformance near-term: 1) The significant progress in capital flows associated with the growth boost we expect in 2018...
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