FxWirePro: ECB on autopilot mode, US GDP to reinforce momentum for dollar – OTC flashes offer cheaper hedges for skeptic bears

Nov 02, 2017 10:48 am UTC| Central Banks Research & Analysis Insights & Views

A glimpse through fundamentals: ECB monetary policy will be on autopilot in the near future and thus diminish in importance as a driver for the euro in the coming weeks, leaving the currency open to vagaries of other...

FxWirePro: Inaction versus action by FED and BoE - Attain Cable weakness via GBPJPY and USDJPY put switches

Nov 02, 2017 09:02 am UTC| Central Banks Research & Analysis Insights & Views

The Federal Reserve last night maintained interest rates unchanged at 1-1.25%, as widely anticipated.The press statement was largely unchanged: it sounded a little more upbeat about recent economic developments, while...

FxWirePro: EMFX loses traction on upsizing bullish dollar – TRY and ZAR adds onto short portfolios against other EMFX space

Oct 30, 2017 14:20 pm UTC| Research & Analysis Insights & Views

EM currencies as a group were negatively affected by higher US bond yields this week, and the SA rand and Turkish lira were the worst performers in our sample. The South African Treasurys forecast of wider fiscal...

FxWirePro: Is buzz in VXY in the wake of Fed hawks and ECB doves reliable?

Oct 30, 2017 12:37 pm UTC| Research & Analysis Insights & Views Central Banks

What remains to be discussed is the significant USD strength. There is an easy explanation, namely the surprisingly strong US GDP growth figures released on Friday (Q3 2017: +3% QoQ in annualized terms; the forecast was c....

FxWirePro: Predominant projections and cyclical effects of G10 central banks in 2018/19

Oct 30, 2017 11:58 am UTC| Central Banks Research & Analysis Insights & Views

Post ECB, clarity from two of the three majors Now that the ECB has confirmed its tapering schedule through September 2018 (a reduction from 60bn per month to 30bn), it is reasonably clear what tedious path DM central bank...

FxWirePro: Swiss franc’s tepid IVs second least among the G10 FX gamut – Strangle shorts for intermediary speculators, FVAs versus straddles for hedgers

Oct 30, 2017 11:08 am UTC| Research & Analysis Insights & Views

Please be noted that even after monetary policy season, FX vols have collapsed to the lowest level (especially euro and Swiss franc), lets have a glance through the implied volatilities of EURCHF and USDCHF ATM contracts...

FxWirePro: USD/CHF gravestone hampers bullish momentum, non-directional phase in major trend remains intact – Bid boundary binaries to leverage yields

Oct 30, 2017 10:17 am UTC| Technicals Insights & Views

USDCHFs major resistance levels are seen at 0.9990 and 1.0287 levels. The major uptrend has been rejected at these major resistance levels several times in the past (refer daily trend). Gravestone doji pops at around...