Risk reversal skews for EM currencies have become increasingly negative: Barclays
Feb 20, 2015 08:45 am UTC| Commentary
Quotes from Barclays Capital: -The fact that risk reversal (short an out of the money puts and long an out of the money calls, both with the same maturity) skews (3-month, 25 delta) for many EM currencies versus the USD...
Feb 20, 2015 08:43 am UTC| Commentary
Quotes from Barclays Capital: -We remain bullish on the USD, on both a multi-month and multi-year perspective, trends we expect to generate significant headwinds against EM currencies. -We revised our forecast for EURUSD...
Environment for EM FX unlikely to improve significantly: Barclays
Feb 20, 2015 08:41 am UTC| Commentary
Quotes from Barclays Capital: -The environment for EM FX is unlikely to improve significantly (especially versus the USD), although we do not believe that these currencies will fall significantly either. The fundamentals...
2015 is turning out to be a tough year for EM FX investors: Barclays
Feb 20, 2015 08:39 am UTC| Commentary
Quotes from Barclays Capital: -Only a couple of months old and 2015 is already looking like a challenging year for EM currencies. Faced with surprise central bank actions, Greece uncertainties, a back-up in US Treasury...
Technical outlook for EUR/GBP: RBC
Feb 20, 2015 08:36 am UTC| Commentary
Quotes from RBC Capital Markets: -EUR/GBP has accelerated lower after piercing a triple bottom that coincided with 50% Fibonacci retracement of the 2000-2009 advance at 0.7744. This has caused the cross to reach our...
Technical outlook for gold; RBC
Feb 20, 2015 08:34 am UTC| Commentary
Quotes from RBC Capital Markets: -We began to turn more positive on gold on January 15 in response to prices piercing a resistance trendline that dated back to October 2012 at 1239. -While the resulting spike higher was...
USD strength will unlikely to derail a start to Fed's tightening cycle: RBC
Feb 20, 2015 08:31 am UTC| Commentary
Quotes from RBC Capital Markets: -Some saw this weeks FOMC minutes as a sign of the Fed wading into a real or imagined global currency war. -We take a systematic look at Fed communications and find that the opposite...
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