FxWirePro: Independent or mutually exclusive, risky duos mystify sterling – Spot fair positioning in GBP options

Oct 17, 2017 09:57 am UTC| Research & Analysis Central Banks Insights & Views

GBP has been a currency with substantial fundamental uncertainty for now in our view. One side Brexit transition and on the other hand, the abrupt change in the BoEs reaction function triggered a sharp GBP rally in...

FxWirePro: Exhausted bullion bulls at 38.2% Fibos make access steep slumps, more dips seem likely on both momentum and trend confirmation

Oct 17, 2017 09:25 am UTC| Technicals Insights & Views

The flurry of bearish streaks in Gold prices was traced out just a fortnight ago that has evidenced considerable price slumps, while the consolidation phase in the major trend also seems to have been exhausted at around...

FxWirePro: AUD/NZD oscillates in seesaw ahead of Kiwis political developments, NZ CPI cushions slumps – Upholds options strips on hedging grounds

Oct 17, 2017 07:19 am UTC| Research & Analysis Insights & Views

Consumer prices in New Zealand increased 1.9 pct YoY in the third quarter of 2017, above market expectations of 1.8 pct and up from 1.7 pct in the previous period. The inflation rate regained footing after easing in Q2 for...

FxWirePro: Glimpse through geopolitical drivers of G10 FX space and OTC options

Oct 17, 2017 05:54 am UTC| Research & Analysis Insights & Views Central Banks

Another four notable political events are coming up this week. There is the EU summit that is expected to pronounce insufficient progress on the Brexit negotiations to warrant launching trade talks, but there remains the...

FxWirePro: Chinese currency to extend gain in Q4 on rosy growth projections – Uphold costless USD/CNY put spreads to hedge bearish risks

Oct 16, 2017 12:19 pm UTC| Research & Analysis Insights & Views

China will be the focus for the market this week. Chinas Communist Party will hold its once-every-five-year congress this week, and the new leadership group will be officially announced early next week. In the meantime,...

FxWirePro: Never keep all eggs in single basket - Diversify sterling vols risks via gamma spreads

Oct 16, 2017 12:15 pm UTC| Research & Analysis Insights & Views

What a difference a month has made to GBP in terms of immediate central bank prospects, if not the cyclical outlook for the economy or the complex interplay between UK politics and Brexit. The BoE caught the market...

FxWirePro: INR’s softness to ease on narrowed trade deficit, more upside traction on cards as GST revival to stimulate exports – Bid NDFs or RKOs on expensive IV skews

Oct 16, 2017 10:39 am UTC| Research & Analysis Insights & Views

The weaker US dollar and positive cues from domestic equity market would help the rupee strengthen. The rupee resumed higher by 18 paise at 64.75 per dollar as against last Fridays closing level of 64.93 at the Interbank...