Mar 10, 2017 07:43 am UTC| Research & Analysis Insights & Views
Lets also glance on sensitivity tool for 1-3m IV skews would signify the interests of OTM put strikes that would imply hedging sentiments are for downside risks in the underlying spot FX as Fed is most likely to hike...
Mar 10, 2017 07:06 am UTC| Central Banks Research & Analysis Insights & Views
AUDUSDs negative momentum remains strong, the 0.7500 area vulnerable to giving way. All eyes will be on the US payrolls data tonight, markets believing it would take a major disappointment to dent the likelihood of a Fed...
FxWirePro: Hedging CHF portfolio amid lingering anomalies
Mar 09, 2017 09:22 am UTC| Research & Analysis Insights & Views
Stay long CHF vs USD (3-month put spread) and EUR (cash). Keep short a 3-mo strangle in EURCHF against the underlying cash short. Its important to stress we are bullish CHF for domestic, reasons (current account = 10% of...
Mar 09, 2017 04:57 am UTC| Research & Analysis Insights & Views Central Banks
In just a week, markets went from doubting a March rate increase toviewing oneas a sure bet. The central banks top brass engineered the changeby speaking in favor of ahike, culminating in Fed Chair Janet Yellens...
Mar 08, 2017 12:17 pm UTC| Research & Analysis Insights & Views
Cable is the most over-valued G10 currency versus the dollar (refer above chart). Indeed, cable is more expensive versus 2Y rate spreads than at any point in the last five years. Fair-value currently languishes at 1.15,...
Mar 08, 2017 07:38 am UTC| Research & Analysis Insights & Views
CADJPY screens extremely cheap on our 1M gamma grid while EURJPY is materially expensive (refer above chart). CADJPY EURJPY 1M ATM spreads is nearly flat (zero) on mids, whereas the close-to-close realized vol spread...
Mar 08, 2017 06:50 am UTC| Research & Analysis Insights & Views
The EURJPY volatility surface is currently offering very attractive opportunities, as ATM volatility is rich and 6m/1y skews are excessively priced. Here, we recommend a couple of trades taking advantage of both the...
A sustainable future begins at ground level
Canada needs a national strategy for homeless refugee claimants
An eclipse for everyone – how visually impaired students can ‘get a feel for’ eclipses