
FxWirePro: Macro trade recommendations – Stay short in AUD vs CHF and EUR, long in CHF vs USD
Jun 05, 2017 14:23 pm UTC| Research & Analysis Insights & Views Central Banks
AUD money markets rates have rallied by more than any other G10 currency over the past month (see above chart). In the process, the front-end of the curve has inverted again as rate cuts have started to be priced again...

Jun 05, 2017 12:20 pm UTC| Research & Analysis Insights & Views
The EURUSD vols have been belligerently sold off in the aftermath of the French presidential election. The markets hailed the election of Macron, shielding a very pro-European programme. The majority of the risk was...

FxWirePro: IVs fumble in Euro options owing to election risk premium in the Italian edition
Jun 05, 2017 11:52 am UTC| Research & Analysis Insights & Views
Euro options and election risk premium the Italian edition Election risk premium is once again the story in Euro options, this time a potential September/October vote in Italy. EUR-and EUR-cross options spanning September...

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...