FxWirePro: Not to buck EUR/PLN trend, three fundamental factors to drive gutsy shorts
Sep 21, 2017 10:15 am UTC| Research & Analysis
Polish zloty has been under pressure since May. Ongoing political tensions with the EU regarding the countrys overhaul of the judiciary have raised the spectre of Article 7 sanctions. Additionally, dovish rhetoric from...
Sep 21, 2017 09:28 am UTC| Research & Analysis Insights & Views
This weeks EIA (Energy Information Adminstration) report has been bearish for crude and bullish for gasoline and distillate. Overall, this report was bullish compared to the previous two reports; total commercial crude and...
Fitch: Morocco Reserve Fall Unlikely to Prompt FX Policy Shift
Sep 21, 2017 09:25 am UTC| Research & Analysis
Fitch Ratings still expects an eventual widening of the Moroccan dirhams floating bands, despite the fall in foreign-currency reserves in 2Q17. Reserves have now bottomed out and we expect the authorities to implement...
Fitch: Turkish Banks' External Debt Ticks Up but Liquidity Sound
Sep 21, 2017 08:39 am UTC| Research & Analysis
Turkish banks external debt increased in the first half of 2017 but the sectors foreign-currency (FC) liquidity remains sufficient to cover maturing short-term FC debt, Fitch Ratings says. Banks external debt rose USD9...
FxWirePro: Key drivers of bullish CNY - Identify dislocations between IVs, RVs and RRs
Sep 21, 2017 08:08 am UTC| Research & Analysis Insights & Views
No doubt from last two weeks, USDCNY has been spiking higher to the current levels of 6.5954 from the recent lows of 6.4345 levels. However, it is foreseen that the strength of CNY can be traced to three factors: The...
Sep 21, 2017 07:07 am UTC| Research & Analysis Insights & Views
Before describing the Vega longs, lets begin with volatility. The volatility of any asset price (currency pair in this case) is simply how much it fluctuates with no regard to direction. It is given as a percentage of...
FxWirePro: Fundamental driving force lures TRY longs against USD and ZAR
Sep 20, 2017 12:56 pm UTC| Research & Analysis Insights & Views
In this write up, were emphasizing on the potential currency from the EMFX space where the global conditions remain largely supportive of yield-seeking behaviour. While monetary conditions remain accommodative in much of...
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IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects