FxWirePro: Striking value in owning carry than selling vol in EMFX
Apr 27, 2017 07:02 am UTC| Research & Analysis Insights & Views
The paucity of opportunities to play vol compression is a boon for carry-friendly option bets in anticipation of a risk rally next week in the absence of an election upset. EM currencies that are likely to be the target...
Apr 27, 2017 06:10 am UTC| Research & Analysis
Recovering steel prices and improved industrial output expected in the European Union are expected to boost producers profits over the next 12 months prompting a change in the outlook for the European steel sector to...
FxWirePro: EUR/USD/CHF correlation triangle with zero cost to attain triple benefits
Apr 26, 2017 12:35 pm UTC| Research & Analysis Insights & Views
We favor expressing EURCHF-linked de-correlation ideas in a directional format to assume conditional exposure to EUR strength. If EURUSD rallies about 2% on a benign French election outcome on Monday, it is a fair bet that...
Fitch: Kazakhstan Starts to Get to Grips With Troubled Banks
Apr 26, 2017 11:30 am UTC| Research & Analysis
The health of the troubled Kazakh banking sector should start to improve as the authorities push ahead with initiatives to address weak asset quality while the economy recovers following a modest increase in oil prices,...
FxWirePro: Two counter-points to potentially bullish GBP vol thesis
Apr 26, 2017 11:03 am UTC| Research & Analysis Insights & Views
First, the direction of GBP de-leveraging (pound strength) is against the grain of risk-reversals i.e. in the direction of lower, not higher vol on the skew. There is a case to be made then that unlike short expiries that...
Fitch Affirms Israel at 'A+'; Outlook Stable
Apr 26, 2017 10:54 am UTC| Research & Analysis
Fitch Ratings has affirmed Israels Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at A+ with a Stable Outlook. The issue ratings on Israels senior unsecured Foreign- and Local-Currency bonds have also...
Apr 26, 2017 09:46 am UTC| Research & Analysis
The Government of Bahrains Ba2 credit rating with a negative outlook is supported by the countrys high wealth levels, a diversified economy and the positive net international investment position, Moodys Investors Service...
Electricity from farm waste: how biogas could help Malawians with no power
What the Supreme Court is doing right in considering Trump’s immunity case
US student Gaza protests: five things that have been missed
Will Solomon Islands’ new leader stay close to China?
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects