FxWirePro: Brazil Q3 GDP print unlikely to cushion real – Uphold ratio put spreads for optimized hedging

Dec 01, 2017 12:00 pm UTC| Research & Analysis Insights & Views

Brazilian Q3 GDP data would be published today. In line with consensus, we expect a growth rate of 0.3% QoQ (seasonally adjusted). What is going to be of particular interest is the development of investments. While...

FxWirePro: Kiwis trade terms hit record highs - NZD/JPY debit put spreads for risk-averse and naked puts for aggressive bears

Dec 01, 2017 11:32 am UTC| Research & Analysis Insights & Views

New Zealands terms of trade rose 0.7% to a record high in the September quarter, with the fall in the price of imports outpacing that of exports. The record-high terms of trade is a valuable support for national income...

UK manufacturing PMI beats expectations, soars to 4-year high in Nov on jump in new orders

Dec 01, 2017 11:25 am UTC| Insights & Views

Data released earlier today by financial information firm IHS Markit Ltd showed that UK purchasing managers index for the manufacturing industry, jumped to 58.2 in November, up from the upward-revised reading of 56.6 a...

FxWirePro: Bid 1m Cable skews and RRs to deploy options straps on both hedging and speculative grounds

Dec 01, 2017 08:06 am UTC| Research & Analysis Insights & Views

Its important to recognize that a less assertive BoE outlook is not the only factor weighing on GBP. In particular, the GBP TWI has now given back 80% of the gains it made following the hawkish September MPC whereas the...

FxWirePro: Why long EUR vega strategy with constructive vols rolldown?

Nov 30, 2017 12:13 pm UTC| Research & Analysis Insights & Views

As per last weekly reporting, European high yield funds registered an outflow of 771mm (1.3% of AUM) for the week ending 22 November. There was a 143mm (2.1% of AUM) net outflow for ETFs and a 53mm (0.6% of AUM) net...

New Zealand business confidence slumps to 8-year lows, 2018 could see hiatus in business investment

Nov 30, 2017 11:06 am UTC| Insights & Views

New Zealand business confidence fell to its lowest level in eight years in October, in the first survey results after the formation of a new coalition government. The uncertainty around changing government policy, a softer...

FxWirePro: Hedge dual-risk in EUR rates after recent developments via Vega strategy

Nov 30, 2017 10:44 am UTC| Research & Analysis Insights & Views

The medium-term view on the euro remains bullish in anticipation of a pivot in ECB policy. The recent political developments in the Euro area have also garnered the attention. Buy EUR bottom-right vega EUR vega is...