FxWirePro: Hanging sword on sterling - Stay short GBPCHF in cash, long 1Y EURGBP vol swap
Mar 22, 2018 10:03 am UTC| Research & Analysis Central Banks Insights & Views
The weaker than expected inflation in February had briefly caused doubts on the market about an imminent Bank of England (BoE) rate hike. But the doubts were already cast aside by improved wage data yesterday. What matters...
Mar 22, 2018 07:37 am UTC| Research & Analysis Central Banks Insights & Views
The Fed unsurprisingly delivered the sixth rate hike in the current cycle. The target range for the federal funds rate is now at 1.50%-1.75%. Considering the recent hawkish turn in Fed communications, markets were more...
Mar 22, 2018 07:08 am UTC| Research & Analysis Central Banks Insights & Views
The Fed unsurprisingly delivered the sixth rate hike in the current cycle. The target range for the federal funds rate is now at 1.50%-1.75%. Considering the recent hawkish turn in Fed communications, markets were more...
Mar 21, 2018 12:58 pm UTC| Research & Analysis Central Banks Insights & Views
The Brazilian central bank (BCB) holds monetary policy meeting tonight and would decide on its key rate. Well, thereve been a couple of factors that prompt for a further rate cut but also reasons for a pause. Moderate...
FxWirePro: Drivers and relative value trades for Scandinavian FX basket
Mar 21, 2018 12:45 pm UTC| Research & Analysis Insights & Views
We uphold long in NOKSEK in the spot and in option forms as Norway continues to deliver better news with the underlying message being that activity data is improving and inflation is firming, which in combination with a...
FxWirePro: Discovery of long Vega hedges via cheap FVA spreads
Mar 21, 2018 10:13 am UTC| Research & Analysis Insights & Views
The lack of many reactions from the likes of Antipodeans and loonie fetches out prospects to buy underpriced hedges via optionality. Most noticeably, aggregate USD-denominated implied correlations still trade near their...
FxWirePro: USD/KRW lucrative Theta themes for Double-No-Touch structures
Mar 21, 2018 08:24 am UTC| Research & Analysis Insights & Views
The trade protectionism theme that took place last week, shot back into focus as a potential major left tail risk for markets which got further aggravated by the subsequent retaliatory rhetoric from Europe and Asia....
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