Jan 12, 2017 03:05 am UTC| Research & Analysis
Moodys Investors Service and its Indian affiliate, ICRA Limited, say that their stable outlook for the power sector in India (rated Baa3 positive by Moodys) over the next 12-18 months reflects sustained improvement in...
Jan 11, 2017 12:17 pm UTC| Research & Analysis Insights & Views
As we do not expect the USDJPY to exceed 126 (multiyear double top since 2002), we prefer for a call spread ratio 1x1.5 instead of vanilla structures, such that the topside breakeven is at this level. Shorting volatility...
FxWirePro: Should you blame BoJ for USD/JPY vol and risk reversal shift?
Jan 11, 2017 11:48 am UTC| Central Banks Research & Analysis Insights & Views
Although the Yen appears under pressure momentarily as BoJ caps nominal yields and risk sentiment holds up, but the move in relative real yields between Japan and the US represents a clear case for a weaker yen. The risk...
Jan 11, 2017 09:47 am UTC| Research & Analysis Insights & Views
Fading Chinese growth and commodity prices remain a major risk for commodity currencies. More specifically, China remains the second destination for NZ exports, just after Australia and before the US. Any slowdown in...
Jan 11, 2017 02:39 am UTC| Research & Analysis
Moodys Japan K.K. says that in 2017 the performance of assets backing outstanding consumer-related Japanese asset-backed securities (ABS) and residential mortgage-backed securities (RMBS) will be stable, with defaults and...
Jan 10, 2017 12:36 pm UTC| Research & Analysis Central Banks
The 1.64% MoM increase in CPI was far above the 0.9% market consensus. Strong FX pass-through and some idiosyncratic factors, including a jump in egg prices, led to a much sharper-than-expected increase in headline CPI...
FxWirePro: How does buying zero cost seagull result in leveraged yields?
Jan 10, 2017 07:57 am UTC| Research & Analysis
As you could see EURJPY 6m implied volatility too elevated, as it is unsupported by both 6m and 1m realized volatilities suggesting a decent risk premium to be monetized. The variance swap recommended above expresses...
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