'Virtuous drivers, malicious cyclists' mindset gets us nowhere
Mar 13, 2017 04:42 am UTC| Insights & Views Life
I turn on the car radio and the radio station host asks listeners to call in to comment on the idea of introducing compulsory registration for cyclists. The conversations that follow illustrate once again that our roads...
Mar 10, 2017 13:09 pm UTC| Central Banks Insights & Views
Although the Fed hiking is expected to drive price action, with a March hike now essentially priced in, speculation regarding the near-term pace of tightening is likely to take center stage. Along those lines, our...

FxWirePro: What drives buying cheaper downside Cable volatility and convexity?
Mar 10, 2017 12:39 pm UTC| Research & Analysis Insights & Views
Cable volatility has been extremely directional since 2012, with a strong and stable negative correlation. The Brexit vote in June 2016 initiated a new vol regime (unlike the FX/rates relationship which did not change...

FxWirePro: Red flags for cable and hedging vehicle for risk events
Mar 10, 2017 12:00 pm UTC| Research & Analysis Insights & Views
Cable outlook: Medium-term FX/rates correlation holds again; Fed will hike and MPC wont. Uncertainty is now about the impact of triggering Article 50, not whether or not it happens. 2m vol is undervalued by 2 vols...

ECB keeps policy unchanged, acknowledges improvement in eurozone's economic and inflation situation
Mar 10, 2017 11:59 am UTC| Insights & Views Central Banks Economy
The European Central Bank (ECB) kept interest rates unchanged, including its 2.3 trillion bond-buying program but presented a brighter view of the eurozone economy. ECB president Mario Draghi sounded more upbeat about the...

FxWirePro: Volatility relative to 10y tails assuming next Fed hike odds
Mar 10, 2017 11:48 am UTC| Central Banks Research & Analysis Insights & Views
Although the March meeting ended last week a roughly 1:4 shot for a hike, a range of FOMC members and the Chair herself pushed it to fully priced by this Thursday. With March fully priced, markets should turn to focus...
Mar 10, 2017 09:20 am UTC| Insights & Views
Macro outlook: China: February manufacturing PMI stronger than expected; revising up 1Q GDP forecast. A preview of the NPC meeting. Hong Kong: Trade activity slowed in January. Retail sales continue to...