Announcement: Moody's changes outlook on Mongolia banking system to stable from negative
Jul 03, 2017 03:56 am UTC| Research & Analysis
Moodys Investors Service has changed the outlook on Mongolias (Caa1 stable) banking system to stable from negative. The outlook indicates Moodys expectation for how bank creditworthiness will evolve in the country over the...
FxWirePro: Rescue Petro-currencies from potential risks of crude oil price troubles via optionality
Jun 30, 2017 10:57 am UTC| Research & Analysis Insights & Views
The slide in oil prices has intensified since WTI crude dropped from $52 levels, consequently, oil driven currency crosses seem to be edgy as Brent down another 5% to its 8-month low. The decline in oil prices over the...
FxWirePro: Why and what's so hawkish in BOC’s next MPS?
Jun 30, 2017 10:17 am UTC| Central Banks Research & Analysis Insights & Views
Hawkish commentary from Bank of Canada officials this month has taken the FX market by storm. The implied probability of a 25bp BoC rate hike in its 12 July meeting has exploded from under 5% just three weeks ago to over...
FxWirePro: Deploy USD/CAD knock out options as loonie likely to take flight
Jun 30, 2017 10:05 am UTC| Research & Analysis Insights & Views Technicals
USDCAD is attempting to test key support at 1.30/1.2970, and a break will open the way to the May 2016 lows of 1.25. Recent highs of 1.3350 will cap short-term upside. The loonie takes flight - These recent...
Jun 30, 2017 09:17 am UTC| Research & Analysis Insights & Views
OTC indications and options strategy: Please be noted that the positively skewed IVs of 3m tenors signify the hedgers interests to bid OTM put strikes upto 0.7450 (refer above diagram). While delta risk reversal...
FxWirePro: Low vol environment in G10 seems good but beware of indigestion
Jun 30, 2017 05:52 am UTC| Research & Analysis Insights & Views
Please be noted that the above nutshell showing ATM IVs of G10 FX space is sensing the lower volatile environment. The first half of 2017 turned out to be one dominated by USD weakness, and the outperformance of EM...
FxWirePro: Cost-effective optionality structure to arrest a RUB correction
Jun 29, 2017 12:43 pm UTC| Research & Analysis Central Banks Insights & Views
The CBR remains s dovish. We expect the measured pace of rate cuts beginning in June. May CPI at 4.1% oya surprised on the upside and is marginally above the inflation target of 4.0%. As our base case, JPM forecasts the...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects