FxWirePro: Cable still seems fragile - Mounting hedging sentiments move in sync with driving forces
Mar 14, 2017 12:52 pm UTC| Central Banks Research & Analysis
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 14, 2017 11:10 am UTC| Research & Analysis
Earlier in January, we closed our long gold trades in order to lock in profits ahead of the largely uncertain risks around Trumps inauguration and the kick-off of his presidency. Obviously, both those immediate catalysts...
FxWirePro: Reshuffling of option trades in commodity driven currencies
Mar 13, 2017 12:56 pm UTC| Central Banks Research & Analysis Insights & Views
The FOMC is likely to enact a3rd hike in the federal funds rate this week. On Wednesday, March 15, the FOMC is likely to hike its funds rate by 25 basis points for the third time during the current economic...
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 07:37 am UTC| Central Banks Insights & Views
The potential for political turmoil in European elections this year is keeping the Swiss National Bank alert for threats to the franc, according to SNB chair Thomas Jordan. Citing elections in Germany and France,...
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 06:02 am UTC| Technicals
Last week, bullish engulfing candle pattern occurred at 121.0420 levels, where we see the current prices struggling to break stiff resistance at 121.0887 levels. As the current prices slid below 7WMA and 21WMA is on the...
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