Nov 25, 2016 07:44 am UTC| Research & Analysis
In the case of SEK, long positions in USD vols can be advantageously coupled with short vols in the EUR cross. Long gone are the days when the market was testing the Riksbanks nerves in the low 9.0s in EURSEK. The...
Nov 25, 2016 07:13 am UTC| Research & Analysis
The Kiwis trade balance for October was -$846m which is better than anticipated, with a stronger than projected export performance. Seasonally adjusted imports increased by 2.1% MoM.The imports were cushioned by a...
Nov 25, 2016 06:29 am UTC| Central Banks Research & Analysis
We target 0.6812 levels (i.e. 23.6% Fibonacci retracements from the highs of 0.7485 levels) which is sensible based on an assumption the Fed will hike in Dec and the further hiking cycle in 2017 is also on the cards, while...
Nov 25, 2016 04:35 am UTC| Central Banks Research & Analysis
The Central Bank of Turkey raised its benchmark one-week repo rate by a higher-than-expected 50bps to 8 pct on November 24th and its overnight lending rate by 25 bps to 8.5 pct, while it held its borrowing rate at 7.25...
Nov 25, 2016 01:16 am UTC| Central Banks Research & Analysis
The most recent South African economic data was not exactly constructive: the unemployment rate rose to over 27% in Q3 and the inflation rate also rose to 6.4% in October. That means it has eased only slightly against its...
Nov 24, 2016 13:11 pm UTC| Central Banks Research & Analysis
The market is currently seeing the likelihood of three Fed rate hikes until late 2017 as standing at 50% the highest level since the FOMC meeting in March. At the time the market was still convinced that there would be a...
Nov 24, 2016 10:06 am UTC| Research & Analysis
As stated in our recent post, we are sensing the copy-cat range process of the summer range we have been looking for in the medium term perspectives. This has actually become a range within that range, with 1.2300 1.2510...
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