Catch AUD timing while Buying downside volatility: Societe Generale
Mar 26, 2015 05:50 am UTC| Commentary
As imminent weakness is not the central scenario, cheapening AUD puts in selling low strikes to obtain a long theta structure could make sense. However, volatility is very likely to rise when the currency falls, and this...
Mar 26, 2015 05:48 am UTC| Commentary
It is extremely likely that the RBA will cut rates at its 7 April meeting or at the latest at the subsequent meeting on 5 May.Societe Generale says the renewed currency strength would raise the already high likelihood of...
AUD to regain colour before renewed weakness
Mar 26, 2015 05:45 am UTC| Commentary
The Australian dollar is likely to recover further in conjunction with the USD correction, but this should precede a retracement on the back of new RBA rate cuts. FX markets driven by USD retreat for now."The dollar rally...
Daily Economic Outlook- 26 March, 2015
Mar 26, 2015 05:36 am UTC| Commentary
British retail sales data is due at 0930 GMT, the headline UK retail sales volumes dipped by 0.3% in January, following strong growth over the October-December period, leaving the underlying 3m/3m pace of growth at a firm...
The Economic Day Ahead- Rabobank
Mar 26, 2015 05:31 am UTC| Commentary
Feds Bullard and Lockhart will speak on the US economy and monetary policy again, which may give yields and USD a lift. There is also Eurozone M3, seen heading up to 4.3% YoY. Given the monetarist-leaning ECB targets...
The end of an era in FX intervention in Brazil
Mar 26, 2015 00:39 am UTC| Commentary
The Banco Central do Brasil (BCB) announced on 24 March that it will no longer offer USD swaps on a daily basis as it has been since August 2013. The BCB also committed to rolling over all contracts expiring on 1 May, as...
German Ifo index provided further evidence that recovery continued in Q1
Mar 25, 2015 18:08 pm UTC| Commentary
German Ifo index (released on Wednesday) showed that the headline composite Business Climate Indicator (BCI) rose from 106.8 to 107.9, stronger than the consensus forecast.Capital Economics notes ..... Marchs rise in...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects