Eurozone economic activity maintains solid rate of expansion in May, indicates sustained recovery

Jun 05, 2017 11:44 am UTC| Insights & Views

Eurozone business activity remained strong in May, as indicated by survey compiled by IHS Markit. Markits eurozone final composite Purchasing Managers Index came in at 56.8 in May, unchanged from both Aprils index and the...

FxWirePro: CLP underperformance upside down - Deploy USD/CLP NDFs to hedge

Jun 05, 2017 11:24 am UTC| Research & Analysis Insights & Views

Stay short in 3m USDCLP NDF: Sell USDCLP 3m NDF at 672.85 with the target at 640 (5.1%) and stop above the top end of the range at 684 (-1.65%). The trading horizon is 3 month and it offers a positive carry of...

FxWirePro: How do uncertain consequences from a less certain UK election matter for sterling?

Jun 05, 2017 10:00 am UTC| Insights & Views

The markets were taken by surprise in mid-April when Theresa May called a snap general election, but aside from an initial flurry of excitement, FX investors had shown little interest in what the opinion polls indicated...

FxWirePro: Cost-effective structure to capture a RUB correction – Use 3m forwards

Jun 05, 2017 07:38 am UTC| Research & Analysis Insights & Views

Beware a RUB correction Are you concerned that RUB positioning is too heavy, stagnant price action is a warning sign, fundamentals could turn, and a significant correction could happen? We are. In the recent past weve...

FxWirePro: Fetch advantageous skewness in USD/RUB via knock in

Jun 05, 2017 07:36 am UTC| Research & Analysis Insights & Views

Option Trade Strategy: Buy 3m USDRUB call strike 59, Sell call strike 62 knock-in 65 Indicative offer: 1.23% (vs 1.06% for the vanilla call spread, spot ref: 56.50) The position entails buying a USDRUB 3m call strike 59...

Is there a link between foreign policy and terrorism? British intelligence thinks so

Jun 02, 2017 13:47 pm UTC| Insights & Views

What causes terrorism? The combination of the horrendous terrorist attack in Manchester and a British general election inevitably meant that this question would dominate political and media discourses. And so it has....

Central Banking Series

ECB likely to keep policy unchanged, statement could drop easing bias

Jun 02, 2017 12:04 pm UTC| Insights & Views Economy Central Banks

Market focus in the coming week will be on the conclusion of the European Central Banks (ECB) latest Governing Council meeting on Thursday, which also includes publication of the central banks updated economic forecasts....