FX Hedging Strategy Series

FxWirePro: SARB inaction in benchmark but shift in forecasts – lingering headwinds indicate USD/ZAR upside risks and IVs conducive for option spreads

Jan 25, 2017 12:28 pm UTC| Research & Analysis Insights & Views Central Banks

In the recent unanimous decision of South African central bank (SARB), benchmark rateisunchanged at 7% as had universally been projected. However, the SARB increased its projections and now only expects the overall rate to...

Central Banking Series

BoJ likely to hold interest rate steady

Jan 25, 2017 12:18 pm UTC| Insights & Views Central Banks Economy

Japan on Wednesday reported its first annual trade surplus since 2011 Fukushima nuclear disaster. Data released by the Ministry of Finance on Wednesday showed that Japan posted a 4.07 trillion yen ($35.8 billion) annual...

FX Hedging Strategy Series

FxWirePro: Can MXN and TRY be deceptive? Don’t catch falling knife as rising EMFX hedging ratio prolongs

Jan 25, 2017 11:33 am UTC| Research & Analysis Insights & Views

We highlight a number of tactical signals for the FX market and some options concepts that could accomplish well in a market scenario characterized by the US dollar strength over the medium term. Since the election of...

FX Hedging Strategy Series

FxWirePro: AUD/JPY calendar spreads seem right hedging vehicle amid BoJ, RBA monetary policy stances and JGB apprehensions

Jan 25, 2017 11:13 am UTC| Central Banks Research & Analysis Insights & Views

The two main risks to our bearish AUD view are that 1) The currency is dragged higher in a more sustained re-rating of the global growth outlook, and that 2) The better global news and some signs of housing...

Police pursuits: when does the end justify the means?

Jan 25, 2017 02:41 am UTC| Insights & Views Law

The carnage in Melbournes CBD on Friday, in which five pedestrians died after being hit by a vehicle driven by a wanted offender, has again highlighted the issue of police pursuits. Any policy governing police pursuits...

Is the UK finally getting serious about industrial strategy?

Jan 25, 2017 00:24 am UTC| Insights & Views Politics Economy

The new UK government under Prime Minister Theresa May has brought with it a welcome change of tone on industrial strategy. We have now heard more about what the government actually intends to do. A proposal has set out...

Into a bizarre future: why the liberal promise of true liberty is a lie

Jan 25, 2017 00:19 am UTC| Insights & Views Politics

Wrong life cannot be lived rightly. So wrote the 20th-century German philosopher, Theodor Adorno. He was referring to the kind of life which defenders of Western liberal capitalism have long claimed to be the ultimate...