Mar 06, 2017 11:38 am UTC| Research & Analysis Insights & Views
Following the Fed minutes last week, the low signal-to-noise ratio delivered from Washington, and the latest global cyclical data, we see fewer catalysts that would push LatAm currencies weaker versus the USD over the...
Mar 06, 2017 10:37 am UTC| Central Banks Insights & Views
The JGB curve bull flattened this week as market sentiment turned positive in the wake of the 20y auction on last Thursday. Mexico is becoming a favored destination for yield-hungry Japanese investors as the pesos...
Mar 06, 2017 09:36 am UTC| Research & Analysis Insights & Views
We do not chase the strong price action in higher yielding currenciesand stay neutral on ZAR, TRY and RUB. EM local markets have staged an impressive rally in the past three months. The question for investors is whether or...
Mar 06, 2017 07:49 am UTC| Research & Analysis Insights & Views
Finally sustained the break above the very important 1.0765 area, and now targets 1.0875 (Feb 2016 minor peaks) during the week ahead. The cross remains well below fair value estimates implied by interest rates,...
Full ownership of Sky will increase Rupert Murdoch’s power
Mar 04, 2017 06:14 am UTC| Insights & Views Business
Now that Rupert Murdochs bid for complete control of Sky has been formally notified to the European Commission, the pressure is on the secretary of state, Karen Bradley, to decide whether it should be referred to the...
FxWirePro: Why does “Gilt Futures Open Interest” rise? Is it yield sell off or short covering?
Mar 03, 2017 12:35 pm UTC| Insights & Views
Gilt yields once again rallied this week and outperformed on a cross-market basis with the 2s/10s curve flattening as 10Y outperformed. In swap space, GBP forwards rallied more than 10bp on the week from greens out to...
FxWirePro: Why does Korean Won look so cheaper still? Add hedging package
Mar 03, 2017 12:15 pm UTC| Research & Analysis Insights & Views
KRW still cheap relative to global reflation theme. At face value, we dont believe all of the good news is priced in. The short term fair value model has taken another leg lower and now sits around the 1100 level (refer...
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