FX Hedging Strategy Series

FxWirePro: No traces of NBP’s monetary policy actions but Polish zloty likely to continue bullish streaks – Hedge EUR/PLN using PRBS

Oct 13, 2016 11:13 am UTC| Research & Analysis

As widely anticipated, the NBP kept the main policy rate at 1.50%, while delivering a neutrally toned press statement followed by a rather bullish press conference by Governor Glapinski. This MPC remains to a large...

FX Hedging Strategy Series

FxWirePro: Trump’s potential presidency weighs on EUR/USD while ECB uncertainty cushions euro stability, 1-3m hedging bids indicate bearish risks

Oct 13, 2016 06:55 am UTC| Research & Analysis Commentary

The US elections only matter for EUR/USD if Trump factor prevails. Although US policy outcomes are quite binary on most issues (taxes, spending, energy policy, immigration) depending on whether Clinton or Trump prevails,...

Fitch Upgrades Taiwan to 'AA-'; Outlook Stable

Oct 12, 2016 11:03 am UTC| Research & Analysis

Fitch Ratings has upgraded Taiwans Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to AA- from A+. The Outlook is Stable. The issue ratings on Taiwans senior unsecured local-currency bonds are also...

FX Hedging Strategy Series

FxWirePro: Trump victory likely to factor triumph in USD/TRY - Hedge through knock out options

Oct 12, 2016 10:35 am UTC| Research & Analysis

Trump victory would probably maintain a high level of policy uncertainty both theUS and global. Investors indeed would wonder about the degree of implementation of his radical proposals: tax cuts and infrastructure...

FX Hedging Strategy Series

FxWirePro: Inference of 2m EUR/JPY IV proposition to raise eyebrow for breaching its range

Oct 12, 2016 09:36 am UTC| Research & Analysis

After last weeks spikes above 21DMA in EURJPY (last weeks highs of 116.280 levels), dont you think EURJPY at inflexion point? USDJPY and EURUSD could rise at the same time, triggering a EURJPY topside break towards...

FX Hedging Strategy Series

FxWirePro: EUR/JPY 3m call ladders on divergence between 2m IVs and RVs with reasonable risk-reward ratios

Oct 12, 2016 07:51 am UTC| Central Banks Research & Analysis

We continue to expect the euro to tick higher into 2017 despite Fed tightening, particularly given the ECBs misgivings about its QE programme. The forecast profile is little changed from the trajectory, the proposed EURJPY...

FX Hedging Strategy Series

FxWirePro: AUD/USD calendar combos for 3m events driven hedging with leveraging effects

Oct 12, 2016 07:03 am UTC| Research & Analysis

The USD retained its firmer tone as expectations of a December Fed hike and greater confidence in a Clinton victory continued to lend support The US dollar index surged to a seven-month high overnight. As a safe-haven...