After the downgrade: South Africa should copy Brazil and impeach its president
Apr 04, 2017 12:54 pm UTC| Insights & Views
The news that South Africas sovereign rating has been downgraded caught many by surprise. But it was long coming. The main reason for the rating agencys decision is clearly concerns about political leadership in the...

What a downgrade means for South Africa and what it can do about it
Apr 04, 2017 12:51 pm UTC| Insights & Views
Rating agency Standard Poors (SP) has cut South Africas foreign currency rating to sub-investment grade status. Two other global ratings agencies, Fitch and Moodys, may well follow suit. The Conversation Africas editor...

Apr 04, 2017 12:19 pm UTC| Central Banks Research & Analysis Insights & Views
EURJPY demonstrates the highest beta to Euro-turmoil for the obvious reason that both legs of the cross pull in the same direction during stress. The GFC period is deliberately excluded from the analysis assuming that a...

FxWirePro: EURO crosses higher and dollar crosses lower dual digitals
Apr 04, 2017 12:05 pm UTC| Research & Analysis Insights & Views
With limited room for Euro appreciation and the near certainty of a vol slump in the event of a Macron victory, long delta/short vega strategies such as EUR call flies appeal, and are well-priced in EURUSD and EURCAD....

Chinese leading indicators suggest signs of peak in Q1, moderate slowdown likely this year
Apr 04, 2017 11:52 am UTC| Insights & Views Economy
A range of leading indicators for China are sending a clear negative signal for economic growth in H2 2017. Chinese authorities have embarked on tightening and policy boost is likely to fade. The impact from tightening...
FxWirePro: A glimpse on EONIA derivatives on ECB dovish rhetoric
Apr 04, 2017 11:01 am UTC| Central Banks Research & Analysis Insights & Views
The ECB rhetoric has reduced expectation of an early ECB lift off but the EONIA market is still pricing 10bp of tightening by Jun18. We acknowledge the risk of earlier lift-off relative to our baseline scenario. Close...
The media need to respond more responsibly to terrorist attacks – here's how
Apr 04, 2017 09:08 am UTC| Insights & Views Politics
Two days after the Westminster attack on March 22, the journalist Simon Jenkins cautioned against overreaction to such assaults, claiming the actions of the authorities and the media in response to Wednesday have ramped up...