Jun 06, 2017 08:08 am UTC| Research & Analysis Insights & Views
AUDUSD contained in a 0.7600-0.7700 range. AUDUSD medium term perspectives: Although the pair bounces off the 0.7450, the upside area should be limited to 0.7600. RBA has limited the downside on AUDUSD during the next...
FxWirePro: Why is market vol so low despite global monetary policy season?
Jun 06, 2017 06:20 am UTC| Research & Analysis Insights & Views Central Banks
Within next fortnight or so, we have series of monetary policy meetings lined up. A very low supply of economic surprises currently is by itself enough to explain the low level of market volatility. RBAs cash rate today...
FxWirePro: Macro trade recommendations – Stay short in AUD vs CHF and EUR, long in CHF vs USD
Jun 05, 2017 14:23 pm UTC| Research & Analysis Insights & Views Central Banks
AUD money markets rates have rallied by more than any other G10 currency over the past month (see above chart). In the process, the front-end of the curve has inverted again as rate cuts have started to be priced again...
Jun 05, 2017 12:20 pm UTC| Research & Analysis Insights & Views
The EURUSD vols have been belligerently sold off in the aftermath of the French presidential election. The markets hailed the election of Macron, shielding a very pro-European programme. The majority of the risk was...
FxWirePro: IVs fumble in Euro options owing to election risk premium in the Italian edition
Jun 05, 2017 11:52 am UTC| Research & Analysis Insights & Views
Euro options and election risk premium the Italian edition Election risk premium is once again the story in Euro options, this time a potential September/October vote in Italy. EUR-and EUR-cross options spanning September...
FxWirePro: CLP underperformance upside down - Deploy USD/CLP NDFs to hedge
Jun 05, 2017 11:24 am UTC| Research & Analysis Insights & Views
Stay short in 3m USDCLP NDF: Sell USDCLP 3m NDF at 672.85 with the target at 640 (5.1%) and stop above the top end of the range at 684 (-1.65%). The trading horizon is 3 month and it offers a positive carry of...
FxWirePro: Cost-effective structure to capture a RUB correction – Use 3m forwards
Jun 05, 2017 07:38 am UTC| Research & Analysis Insights & Views
Beware a RUB correction Are you concerned that RUB positioning is too heavy, stagnant price action is a warning sign, fundamentals could turn, and a significant correction could happen? We are. In the recent past weve...
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