Global economy on course for robust second quarter - PMI survey

Jun 09, 2017 12:14 pm UTC| Insights & Views Economy

According to PMI survey data compiled by IHS Markit, JPMorgan Global PMI edged higher to 53.7 in May from 53.6 in the previous month. Both the emerging markets and the developed world signalled robust rates of economic...

FxWirePro: EUR/CHF 1m bearish-neutral risk reversals and shrinking IVs signal writers’ opportunity in option strangle in range bounded trend

Jun 09, 2017 11:42 am UTC| Research & Analysis Insights & Views Technicals

After ECBs monetary policy session, euro vols have collapsed, lets have a glance through the implied volatilities of EURCHF ATM contracts from the above nutshell, IVs of this underlying pair of all expiries have still been...

FxWirePro: Political uncertainties keep BRL prospects edgy but valuations signal momentary gains – Trade alternatives (Strangles, Vega neutrals, and ratios)

Jun 09, 2017 10:23 am UTC| Research & Analysis Insights & Views

The political uncertainty lingers in Brazil, yet it has fallen short to prevent the BCB from monetary easing. The BCB cut 100bp the policy rate, and pointed to a deceleration going forward. The uncertainty also merited...

FxWirePro: Outright trades for resilient EMFX basket ahead of yet another FED hike

Jun 09, 2017 09:30 am UTC| Central Banks Insights & Views

The US dollar firmed slightly and US bond yields are slightly higher. Markets werent too rattled by either Comeys testimony or the ECB decision. After the recent volatility, the CNH market should calm down while the...

FxWirePro: GBP OTC markets buzz with bearish hedging sentiments – Add gamma puts bidding mounting RR and skews to hedge GBP/JPY

Jun 09, 2017 09:14 am UTC| Research & Analysis Insights & Views

In spite of GBP downtrend, election result doesnt clear the way for a longer and smoother Brexit transition, at the time of writing the BBC projects the Conservatives will end up with 318 of 650- seats, 8 shy of a majority...

“GBP/JPY acts as per FxWirePro’s whims and fancies”

Jun 09, 2017 06:36 am UTC| Technicals Research & Analysis Insights & Views

It seems that the pair has been acting as per our whim fancy, please be noted that we had advocated bullish call on this pair on 28th April. Please visit the below weblink for further readings on our previous technical...

FxWirePro: Hung parliament to cause political distress on sterling

Jun 09, 2017 06:26 am UTC| Insights & Views

Highlights of UK elections: U.K. General Election ends in the hung parliament with Theresa Mays ruling Conservative party has won 312 seats while the opposition Labour Party has 260 seats.Meanwhile, the Scottish...