Sep 08, 2017 13:02 pm UTC| Research & Analysis Insights & Views Central Banks
Short in USDTHB via 3m NDF are rolled out on account of structural current account improvement, neutral valuations. THB continues to remain top performer within EM Asia, strengthening by 8% this year and outperformance...
FxWirePro: Euro OTC FX to indicate dollar softness and ECB buoyancy
Sep 08, 2017 12:28 pm UTC| Research & Analysis Central Banks Insights & Views
The markets had been waiting for the ECBs monetary policy meeting and above all the subsequent press conference for days. What would ECB President Mario Draghi have to say on the strength of the euro? Only verbal...
FxWirePro: EUR/JPY RKOs on shrinking vols and bearish neutral RRs
Sep 08, 2017 07:12 am UTC| Research & Analysis Insights & Views
Please be noted that the implied vols of euro crosses have been shrinking lower in spite of the series of data flows are lined up. German trade balance, French budgetand industrial production numbers are due to be...
FxWirePro: Stay short in GBP/SEK with ideal risk-reward profiling on cautious Riksbank
Sep 07, 2017 12:27 pm UTC| Central Banks Research & Analysis Insights & Views
The Riksbank remains cautious. It is still saying nothing about the end of the government bond purchasing programme at the end of the year and does not envisage a rate hike before mid-2018. Consequently, the interest...
FxWirePro: Equity markets and geopolitical factors pose risks to KRW – Synthetic positions to hedge
Sep 07, 2017 11:20 am UTC| Research & Analysis Insights & Views
Shorter term USDKRW sentiment remains driven by geopolitical gyrations. The past month has seen in excess of USD3bn in net equity outflows. Still, the stock of foreign ownership in the Kospi is still around USD100bn higher...
FxWirePro: Hype or fact? Euro gains upside traction in spot and OTC markets ahead of ECB
Sep 07, 2017 10:34 am UTC| Central Banks Research & Analysis Insights & Views
We head into the ECB with prices still within 1.1820 support and the 1.1980 reactions high from last week, currently, gaining upside traction with prevailing spot price at 1.1976 levels. We consider that the 1.20-1.23 area...
FxWirePro: A bird's-eye view on Asian FX and rates derivatives
Sep 07, 2017 09:57 am UTC| Research & Analysis Insights & Views
In Asia, our top pick on a total return basis remains the INR and our preferred way to express the trade is using SGD as a funding currency. We have held short SGD-INR since April 2016 (13% gain) and we would add exposure...
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