FxWirePro: Uphold longs in Swiss franc versus USD via option structures and against EUR in spot
May 08, 2017 10:18 am UTC| Research & Analysis Insights & Views
We do not believe the French election watershed moment for CHF. The uptrend in CHF was doubtless aggravated by political risk, and this is apparent from the accelerated intervention the SNB has needed to undertake this...
May 08, 2017 06:27 am UTC| Research & Analysis Insights & Views
Better than expected OPEC compliance in Q117 and stronger Chinese crude imports for SPR stock building underpin most of the improvement in the oil market balance. We have lifted expectations for Chinese SPR purchases for...
Moody's: Capital shortfall for Vietnam banks remains key credit burden
May 08, 2017 03:57 am UTC| Research & Analysis
Moodys Investors Service says that banks in Vietnam (B1 positive) will face capital shortfalls over the next 12-18 months, and that such a situation continues to represent a key credit burden for the industry. The banks...
Moody's: China's shadow banking sector impacted by increasingly tight systemic liquidity
May 08, 2017 01:15 am UTC| Research & Analysis Economy
Moodys Investors Service says that liquidity in Chinas financial system is increasingly tightening, as stricter regulatory measures seek to constrain the growth of leverage in the country. At the same time, the...
Moody's: Pakistan shows strong growth and reduction in fiscal deficits
May 08, 2017 01:09 am UTC| Research & Analysis
Strong growth performance, fiscal deficit reduction and improved inflation dynamics underpin the Government of Pakistans B3 rating with a stable outlook, says Moodys Investors Service. At the same time, credit...
FxWirePro: Sterling OTC FX tepid, out of the limelight but not out of the woods
May 05, 2017 12:52 pm UTC| Research & Analysis Insights & Views
Please be advised that the 25-delta risk of reversal of GBPUSD has not been indicating any dramatic shoot up nor any slumps but bearish-neutral (no fresh change in risk reversals has been observed), but seems to be one of...
May 05, 2017 11:49 am UTC| Research & Analysis Insights & Views
We add short EM vol risk on positive developments this week, selling 1Y USD/TRY vols after unexpected CBRT hawkishness, and -1M/+3M vega-neutral calendars in USD/BRL to fade the mid-week vol uptick driven by local and...
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