Apr 06, 2017 12:51 pm UTC| Research & Analysis Insights & Views
OTC outlook: Please be noted that it seems to be ideal time for the writers of overpriced call options as you could observe the negative shift in risk reversal flashes in 1m tenors, whereas we see neutral changes to the...
FxWirePro: European recovery on stage via FX options ahead of French polls
Apr 06, 2017 10:31 am UTC| Research & Analysis Insights & Views
The European recovery theme has become increasingly mainstream in recent weeks as continued Euro-area growth out-performance intersects with moderating political risks. Last week, we opened an outright long EUR/USD...
Apr 06, 2017 10:17 am UTC| Research & Analysis Insights & Views
One sticking point is that 5Y USD/CHF forwards are realizing 1.5-1.8 pts. below 5Y ATMs. This is not a direct impediment to vol buying since gamma contribution to long-expiry option P/Ls is miniscule, but the implied ...
FxWirePro: Long-dated USD/CHF vol screening cheap - Carry vol ratios of ATMF straddles
Apr 06, 2017 09:26 am UTC| Research & Analysis Insights & Views
The back-end (5Y and out) USDCHF vol is beginning to approach deep value levels. While not quite through Q214 lows that we flagged in reference to USDJPY last week, 5Y ATMs have cratered in excess of 3 % pts and broken...
Moody's: Home loan arrears rising in all Australian states
Apr 06, 2017 03:28 am UTC| Research & Analysis Real Estate
Moodys Investors Service says that the proportion of Australian residential mortgages that were more than 30 days in arrears (30+ delinquency rate) rose to 1.52% in November 2016 from 1.20% in November 2015. Moodys...
FxWirePro: Zero-cost conditional EUR crash hedges
Apr 05, 2017 10:33 am UTC| Research & Analysis Insights & Views
The flipside of greater mainstream acceptance of the European recovery theme is that attention to left tail EUR risks has now severely diminished. While it doubtlessly hooves investors to position for the baseline view,...
Apr 05, 2017 07:45 am UTC| Research & Analysis Insights & Views
GBPAUD major trend has been bearish. Short term bullish trend struggling for the momentum. In the prevailing puzzled environment, you could observe that the momentary bulls of GBPAUD struggle to break and sustain...
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