FxWirePro: Be choosy for gamma ownership amid Vega neutral scenario
Nov 07, 2017 13:37 pm UTC| Research & Analysis Insights & Views
The Vega-neutral vol curve flatteners for selective gamma ownership: With a few exceptions, ex-ante carry margins for gamma shorts have shrunk to wafer-thin levels as front-end implied vols have squeezed lower towards 2H17...
Nov 07, 2017 13:31 pm UTC| Research & Analysis
Todays data releases are the second tier and are unlikely to have much impact on markets. In the UK, the October Halifax house price index has produced upbeat numbers at 0.3% versus consensus at 0.2% (the latest update on...
FxWirePro: Jump on the bandwagon and keep RBNZ at bay via directional options play
Nov 07, 2017 10:58 am UTC| Research & Analysis Central Banks Insights & Views
All NZD traders focus shifted onto RBNZ that is scheduled to announce its monetary policy after the inflation expectations in New Zealand decreased to 2 pct in the Q42017 from 2.10 pct in the Q32017.While GDT price index...
FxWirePro: Stay short in EUR/CNK as CNB’s rate hiking cycle in 2018 seems imminent
Nov 07, 2017 09:36 am UTC| Central Banks Research & Analysis Insights & Views
In this write-up, we emphasize on shorting in EURCZK via 3-month forwards, which is currently trading at 25.6214. We target a 4% move lower to 24.5965 and place a stop loss at 26.0057. Our trade horizon is 6-12 months. The...
FxWirePro: Latest gamma and spot FX developments after recent central bank actions
Nov 07, 2017 09:08 am UTC| Central Banks Research & Analysis Insights & Views
The central bank events are delivering: BoC and ECB have been at the vanguard of reshaping non-US rate expectations this year, and their easing up on policy normalization rhetoric in October sparked good-sized spot swings...
Nov 07, 2017 07:53 am UTC| Research & Analysis Insights & Views
AUDUSD short term medium term perspectives:in near term, bears lingering for it to breach below 0.7673 where a strong support is observed, RBA maintained status quo in its cash rate which is widely anticipated to be...
FxWirePro: Switch trades - Own buzzing USD calls against CHF puts
Nov 06, 2017 14:07 pm UTC| Research & Analysis Insights & Views
Owning USD calls/CHF puts or USDCHF risk reversals as long USD plays: Unwind long EURCHF outright and rotate into long USDCHF via a risk reversal, which in conjunction with a pre-existing spot long in USDJPY, positions...
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