FxWirePro: Platinum eyes Gold, palladium on copper- Is parity condition unsustainable?

Oct 26, 2017 12:02 pm UTC| Research & Analysis Insights & Views

The ratio between platinum and palladium reached parity in early September 2017 but was not sustained until later in the month, with palladium trading at a premium to platinum on a consistent basis since then. The ratio...

FxWirePro: Lira continues to trim recent gains as CBRT maintains status quo, USD/TRY knock-ins holds good to hedge tail risks

Oct 26, 2017 11:13 am UTC| Research & Analysis Central Banks Insights & Views

The lira continued to weaken from the toxic combination of: The rising US treasury yields and stronger USD Turkeys diplomatic woes surrounding the US, and The President Recep Tayyip Erdogans renewed push for lower...

FxWirePro: EUR/CHF creeps up ahead of ECB, unwise to sit the fence, take longs with grain of salt via call ratio spreads on tepid IVs

Oct 26, 2017 09:37 am UTC| Research & Analysis Insights & Views

Long EURCHF has been encouraged on account of the underperformance of Swiss franc this week is a response the upward pressure on global bond yields; it is not a beta move to EURUSD as such. We continue to doubt quite...

FxWirePro: Snippets of fundamental drivers weighing EUR/GBP call spread

Oct 26, 2017 07:19 am UTC| Research & Analysis Central Banks Insights & Views

EUR strength has roughly evenly been balanced. EUR benefitted from strong sentiment indicators as well as speculation that the ECB would surprise on the hawkish side, after all, tomorrow (refer option pricing in O/N ECB...

FxWirePro: Snippets of fundamental drivers weighing EUR/GBP call spread

Oct 26, 2017 07:19 am UTC| Research & Analysis Central Banks Insights & Views

EUR strength has roughly evenly been balanced. EUR benefitted from strong sentiment indicators as well as speculation that the ECB would surprise on the hawkish side, after all, tomorrow (refer option pricing in O/N ECB...

FxWirePro: RV trades for EUR/JPY hedging ahead of ECB and consolidation phase on shrinking IVs, bearish neutral RRs and skews

Oct 26, 2017 07:03 am UTC| Research & Analysis Insights & Views

In todays meeting, we now expect the ECB to announce a slower but longer taper, specifically a 9month QE extension at 20bn per month versus our earlier expectation of a 6-month extension. Recent political developments...

FxWirePro: CAD IVs blow BoC out of the proportion, far month tenors reasonable on NAFTA and FED

Oct 25, 2017 12:32 pm UTC| Central Banks Research & Analysis Insights & Views

It is reckoned that the USDCAD IVs seem to be blowing out of the proportion ahead of BoCs monetary policy which is likely to maintain status quo on its O/N rate in our opinion. But, Fed during Christmas will have more...