FxWirePro: Cost-effective optionality structure to arrest RUB correction
Jun 13, 2017 10:52 am UTC| Research & Analysis Insights & Views
We turn bearish in RUB on the concern of commodity headwind and seasonally weaker current account outlook over the summer. We are more cautious of the commodity exporter, as terms of trade are unlikely to be favorable for...
FxWirePro: Beware of RUB correction and fetch benefits of high skew
Jun 13, 2017 09:55 am UTC| Research & Analysis Insights & Views
Please be noted that the IVs of RUB are the highest among G20 currency space. The volatility parameters favor structures that sell topside skew to cheapen up bullish USDRUB exposure. Being long USDRUB is a good hedge for a...
Jun 13, 2017 07:54 am UTC| Research & Analysis Insights & Views
OTC Outlook and Option Strategies: Please be noted that the ATM call of 1w expiries are trading 23% more than of its NPV, while implied volatilities of 1w tenors are just shy above 9% and sliding below 8.5% for 1m...
FxWirePro: Bullish and bearish scenarios of GBP/AUD
Jun 13, 2017 06:48 am UTC| Research & Analysis Insights & Views
Bearish Sterling Scenarios: 1) Growth slows below 1% as consumers are squeezed by inflation and falling house prices. 2) Outright capital repatriation from slower moving long-term investors including central...
Moody's changes outlook for Indonesian banking system to positive from stable
Jun 13, 2017 03:12 am UTC| Research & Analysis
Moodys Investors Service has changed its outlook on the Indonesian banking system to positive from stable, reflecting their view that banks will see improvements in their operating environment, asset quality, as well as...
FxWirePro: USD/CAD IVs least among G7 space – Deploy “Covered calls” on neutral OTC
Jun 12, 2017 13:00 pm UTC| Research & Analysis Insights & Views
We could foresee a bullish scenario of USDCAD above 1.43 driven by: 1) The US moves ahead on border adjustments or NAFTA negotiations turn sour; 2) US-Canada trade negotiations turn acute and negative with a...
FxWirePro: Waning crude outlook & improving cyclicals to puzzle Loonie’s prospects
Jun 12, 2017 11:18 am UTC| Research & Analysis Insights & Views
In May, CAD appreciated over 2%, retracing more than half of late April sharp sell-off. In part, this triggered by the broad USD sell-off that unfolded following weak data and the emergence of US presidential scandal risk....
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects