Announcement: Moody's: Consolidation of Indian banking system presents greater risks than benefits
Jun 28, 2016 02:49 am UTC| Research & Analysis
Moodys Investors Service says that the Indian Governments (Baa3 positive) proposal to consolidate the countrys public sector banks (PSBs) creates risks that -- in the current weak economic environment -- could offset the...
FITCH downgrades the United Kingdom to AA ; outlook negative
Jun 27, 2016 20:19 pm UTC| Research & Analysis
Fitch Ratings has downgraded the United Kingdoms Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) to AA from AA+. The Outlooks are Negative. The issue ratings on the UKs senior unsecured Foreign and Local...
FxWirePro: How to position Swiss franc option trades on IVs fading against dollar and euro?
Jun 27, 2016 12:22 pm UTC| Research & Analysis
We spot out the massive drops in 1w-3m IVs, 13.2% in 1w expiries and 9% in 3m tenors, while risk reversals favor bulls in Swiss franc for which SNB is unhappy with. Since the minimum exchange rate in EURCHF was...
Jun 27, 2016 09:35 am UTC| Research & Analysis
As you can observe from the above graph is evidencing the beginning of the divergence between historic vols and implied vols. The ATM IVs across all tenors have been shrinking as a result of significant Brexit event is...
FxWirePro: Trade EUR/USD OTM options in hindered range as ECB’s Draghi seems to digest Brexit shock
Jun 27, 2016 07:19 am UTC| Research & Analysis
The foreign ministers from Europes six founding members called for the UK to provide clarity as soon as possible. The founders also recognized the different levels of ambitions among the member states as it...
Jun 27, 2016 06:36 am UTC| Research & Analysis Technicals
Over the weekend, it has become clear that the UK has been thrown into political chaos due to the relatively close 52-48% referendum outcome. Given concerns on limits of the policy arsenal at the BoJ and rising...
Jun 24, 2016 12:43 pm UTC| Research & Analysis Insights & Views
Macro and OTC outlook: We look ahead for the BoC to begin tightening monetary policy H2 2016, contributing to a pullback that takes USD/CAD to 1.33 plus at year end. We stress that the lack of a recovery in crude oil...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects