Jun 25, 2020 14:30 pm UTC| Research & Analysis Insights & Views
GBP appears to be one of the most vulnerable currencies to pandemic COVID-19, not only because the damage to public finances is larger than most other countries (a 2020 fiscal deficit of 16% of GDP), but also because the...

FxWirePro: The Bullish/Bearish Driving Forces Of EUR/USD, OTC Updates And Options Strategy
Jun 25, 2020 13:27 pm UTC| Research & Analysis Insights & Views
Bearish EURUSD Scenarios: 1) A second Covid-19 wave undermines risk markets and does further damage to EUR public finances. 2) Dilution of the EU recovery fund to favour more loans/fewer transfers. 3) UK leaves...

FxWirePro: Three Forces Driving Optimism In EUR/USD And FX Derivatives Trades
Jun 25, 2020 09:23 am UTC| Research & Analysis Insights & Views
The fundamental forces contributing to the less pessimistic view of EURUSD now are threefold: First, the proposals for a degree of fiscal burden sharing through the EUs recovery fund (circa 5% of regional GDP spread...

FxWirePro: A Quick Glimpse At Euro Projections And FX Options Trades
Jun 25, 2020 08:26 am UTC| Research & Analysis Insights & Views
While not quite as rare as hens teeth, upgrades to our EURUSD forecasts have been few and far between; the last occurred as far back as February 2018. The timing then wasnt particularly opportune - February 18 marked the...
Jun 25, 2020 06:57 am UTC| Research & Analysis Digital Currency Insights & Views
The UK financial regulatory watchdog has raised a caution for all crypto ventures in the region by giving them the deadline till the end of this month to submit applications to obtain licence for their crypto-related...
FxWirePro: Deploy Directional Structures For USD/BRL On Hopes Of Further BCB Cuts
Jun 24, 2020 14:33 pm UTC| Research & Analysis Central Banks Insights & Views
Last week, the Brazilian central bank cut its key interest rate by 75 bps to 2.25%. Remarkably, it left the door open for another small cut in its accompanying statement. And this despite the fact that in May there was...

FxWirePro: Bearish/Bullish Driving Forces Of USD/JPY – OTC Bids & FX Derivatives Strategies
Jun 24, 2020 13:57 pm UTC| Research & Analysis Insights & Views
Bearish USDJPY scenarios see 90 levels if: 1) The dollar weakness intensifies sharply on US-specific idiosyncratic factors; 2) Assessments for the prospect of a V-shaped global growth recovery are significantly...