Venezuela: what Chávez's mentor told me about the country's Castro-inspired road to ruin
Aug 02, 2017 17:27 pm UTC| Insights & Views Economy
Even as citizens took to the streets in their hundreds of thousands to protest and boycott it, Venezuelas president, Nicolás Maduro, declared victory in an election that could allow him to rewrite the countrys...

Trying to keep nature the same is a fool's errand – we should embrace change
Aug 02, 2017 17:13 pm UTC| Insights & Views Nature
When it comes to deciding which plants and animals to protect and which to remove, our approach might make even the most forthright nationalist blush if it were ever applied to people. The central question in the UK and...

FxWirePro: Buying topside euro vols in major dual macro FX themes
Aug 02, 2017 12:49 pm UTC| Research & Analysis Insights & Views
The dual major FX market themes are conceded in the recent past, the sensitivity and focus on reassessing central bank policy, and the ongoing vulnerability of the dollar. For Swiss Franc, no particular thing is found...
FxWirePro: FII’s in Korean equities likely to append stress on KRW
Aug 02, 2017 12:41 pm UTC| Research & Analysis Insights & Views
Amongst EM currencies, KRW FX is most sensitive to broader global equity market weakness because offshore stock holdings of Korean residents, for the most part, have been hedged back into KRW, and any diminution in the...
FxWirePro: What drives laggards of EMFX carry trades?
Aug 02, 2017 11:32 am UTC| Research & Analysis Insights & Views
We reiterate our bullish view on EMFX, and mark-to-market our forecasts to preserve outperformance relative to the forwards and consensus. In our Year Ahead Outlook, we projected that the bottom in EM FX would be in Q1. We...
FxWirePro: Implied thought on implied vols and trade ideas
Aug 02, 2017 08:36 am UTC| Research & Analysis Insights & Views
A lot of what we had expected has come to fruition so far in 2017, even if we had not expected the sheer magnitude of the depression in equity volatility, which continues to be the single most salient feature of volatility...

FxWirePro: Diagonal Credit Put Spreads for NZD/USD 1m3m skews
Aug 02, 2017 07:50 am UTC| Research & Analysis Insights & Views
After a disappointing GDT auction, attention will shift to the 2Q labor report with consensus looking for +0.7% QoQ employment and 4.8% unemployment (WBC 4.9%). The lack of wage growth is a global phenomenon and so wage...