FxWirePro: Snippets of EMFX and outright FX trades
Nov 17, 2017 11:40 am UTC| Research & Analysis Insights & Views
The headwinds we highlighted last week for EM FX remain; negative EM political news flow is high, US tax reform discussions continue to provide upside USD risk, and EM FX positioning remains crowded even though outflows...
FxWirePro: Snippets of EMFX and outright FX trades
Nov 17, 2017 11:40 am UTC| Research & Analysis Insights & Views
The headwinds we highlighted last week for EM FX remain; negative EM political news flow is high, US tax reform discussions continue to provide upside USD risk, and EM FX positioning remains crowded even though outflows...
Nov 17, 2017 11:05 am UTC| Research & Analysis Insights & Views
Crude oil markets are growing nervous, days before OPEC is due to meet in Vienna on 30 November. Front-month prices on ICE Brent are currently retracing around $61.50, down $3 from the November highs and putting a pause to...
FxWirePro: Two EMFX options trades blessing in disguise
Nov 17, 2017 10:23 am UTC| Research & Analysis Insights & Views
In this write-up, we emphasize on ZAR short vs a 50:50 USD:EUR basket and shorting EURHUF through a 6m seagull: In EM, ZAR kept showing weakness constantly against both dollar and the euro since last March 2017,...
Nov 17, 2017 07:21 am UTC| Research & Analysis Central Banks Insights & Views
We look for AUDUSD to finish the year around 0.76, so long as markets maintain a very high probability of a Fed interest rate rise in December along with a neutral RBA outlook deep into 2018 and commodity prices remain...
Nov 16, 2017 13:12 pm UTC| Research & Analysis Insights & Views
The UK retail sales showed the first annual decline since March 2013 at the start of the fourth quarter. Sales were up 0.3% compared to September beating analysts expectations of a mere 0.1% rise - but down 0.3% on the...
Nov 16, 2017 12:20 pm UTC| Research & Analysis Central Banks Insights & Views Technicals
Will the Bank of Korea (BOK) initiate Asias rate hike cycle? The market thinks so. KRW strengthened by more than 1% against USD this week, with USDKRW touching its lowest level this year. The extraordinarily strong...
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