FxWirePro: Snippets of G10 FX sentiments - Safe-haven FX space to be downgraded, Sterling and Aussie upgraded amid monetary policy divergence

Oct 16, 2017 08:41 am UTC| Central Banks Research & Analysis Insights & Views

In G10 FX space, weve been cognizant of our standpoint and projections by the prospects of monetary policy divergences. Given that the past month has seen a substantial repricing and a reassessment of DM interest rates and...

FxWirePro: Bullion prices to blur glittering in Q4 – Bid shorts in far-month futures

Oct 16, 2017 08:03 am UTC| Research & Analysis Insights & Views

As gold loses its glittering in 4Q, Gold prices pushed back above $1,300 per oz as weaker-than-expected economic data saw investors reduce their probability of a rate hike by the (US Federal Reserve), ANZ Research said on...

FxWirePro: EUR/JPY caught between two stools – Major trend bullish bias but bearish risk sentiments mounting in OTC, Jump on bandwagon via Credit call spreads

Oct 16, 2017 07:43 am UTC| Research & Analysis Insights & Views Central Banks

The medium-term view on the euro remains bullish in anticipation of a pivot in ECB policy. EURJPY year-end forecast is between 129.50 and 130.50 and likely to persist to be in the little-extended range during Q1 majorly...

FxWirePro: EUR/JPY bulls seem exhausted at 61.8% Fibos, momentary bears back in range, but major uptrend remains intact – One touch binaries to speculate

Oct 16, 2017 07:06 am UTC| Technicals Insights & Views

EURJPY major trend consolidates upto 61.8% Fibonacci retracement levels but seems to be restrained at that juncture, while the minor trend drifts below DMAs to stay back in the range bounded trend that persistssince 26th...

FxWirePro: Snippets on EMFX options market sentiment

Oct 13, 2017 12:20 pm UTC| Research & Analysis Insights & Views

We stay OW EM FX. In EMEA EM, we hold long RUB TRY v. short ZAR, In EM Asia, we hold OW MYR and short USDSGD. G10 vols fell and EM vols rose during this weeks dollar shakeout, but decoupling is unlikely to sustain. Asian...

FxWirePro: Truth or myth? China hesitant with KRW Ccy swaps on boiling tensions of North Korea – Buy no dollar but still stay long on striking skews

Oct 13, 2017 11:44 am UTC| Research & Analysis Insights & Views

Yesterday a prestigious financial media agency reported that China would not renew the currency swap with South Korea, due to diplomatic tension over Seouls installment of a controversial US missile shield. However,...

FxWirePro: Unwise to blow hawkish BoE out of proportion – Deploy 3-way straddle versus OTM call to hedge GBP/AUD on persisting geo-political stress

Oct 13, 2017 10:58 am UTC| Research & Analysis Central Banks 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...