FxWirePro: One USD/CHF RKOs to target multi-faceted objectives
Feb 15, 2018 10:12 am UTC| Research & Analysis Insights & Views
In this write-up, we emphasize on USD put/CHF call spreads and/or RKOs: Possessing standalone OTM USD puts/CHF calls seems to be an arduous proposition owing to the triple whammy of negative carry on points, the recent...
FxWirePro: Does SNB need to lag the ECB? Option structure as Swiss franc back in focus
Feb 15, 2018 09:04 am UTC| Research & Analysis Insights & Views Central Banks
Swiss in focus: option structures for the SNB monetary policy shift Since the ECB and BOCs hawkish turns last year, investors have been scouring for signs of the next G10 central bank to tighten policy. Does SNB need...
FxWirePro: Global equity sell-offs prompt FX vols – An EUR/USD hedging perspective
Feb 15, 2018 06:58 am UTC| Research & Analysis Insights & Views
The violent sell-off in equities has lifted FX vols to fair value. Past vol recovery cycles suggest that the correction has further to run before vols plateau at a higher level. Global equities are now down on the year...
Feb 13, 2018 01:14 am UTC| Research & Analysis
Moodys Investors Service says that Azerbaijans (Ba2 stable) GDP growth and fiscal revenue will benefit from higher oil prices, but the legacy effects of the 2014-16 oil shock that significantly and durably hit the...
FxWirePro: Delta calls for USD/TRY hedging on hawkish CBRT’s revised inflationary forecasts
Jan 31, 2018 13:02 pm UTC| Research & Analysis Central Banks Insights & Views
In its latest Inflation Report, CBRT did the obvious and revised up its year-end inflation forecast from 7% to 7.9%. But, this compares with market expectations in the 9% range. CBRT also revised up its end-2019 inflation...
FxWirePro: USD/BRL/JPY vega spreads to tackle high beta JPY
Jan 31, 2018 12:37 pm UTC| Research & Analysis Insights & Views
The weak US dollar was the chief driver of the bounce, accounting for almost three-quarters of the rise in the value of global reserves. Beyond dollar weakness, global imbalances remain persistent and have been another...
FxWirePro: A bird’s eye-view on global crude forecasts turning the table and WTI-Brent spreads
Jan 31, 2018 11:01 am UTC| Research & Analysis Insights & Views
If you glance through the crude oil prices (Brent) that have risen by 16% especially in 4Q17 and over 13% since mid-December 2017. Given the latest rally swiftly catching up on two of our last upward revisions, we have...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects