FxWirePro: A glance at how EMFX space positions towards US real yields
Feb 23, 2018 12:45 pm UTC| Research & Analysis Insights & Views
EM currencies rely more on carry for returns. But valuations arent yet demanding and the growth backdrop offsets gradual Fed rate hikes. The PLN and CZK are our picks among low-vol EM currencies, and we think the MXN, TRY...
FxWirePro: Stay long in CHF versus EUR in cash and against USD via RKO
Feb 23, 2018 12:27 pm UTC| Research & Analysis Insights & Views
Sell EURCHF cash, avoid short cash position in USDCHF but maintain shorts via optionality structures preferably via put RKOs of 1m tenor. It is advised to stop out of shorts USDCHF at a small profit intra-week. However,...
Feb 23, 2018 12:18 pm UTC| Research & Analysis Insights & Views Central Banks
The high-beta pairs with less policy normalization support more vulnerable: The class of currencies that would be most vulnerable from a pernicious shift in the global growth/inflation mix would be those highly geared to...
Fitch: South Africa Budget Partly Reverses Fiscal Deterioration
Feb 23, 2018 10:46 am UTC| Research & Analysis
Fitch Ratings-Hong Kong/London-February 23: South Africas budget reverses some of the fiscal deterioration seen in 2017, Fitch Ratings says. However, the need to fund expenditure measures announced in recent months means...
Feb 23, 2018 09:48 am UTC| Research & Analysis Insights & Views
Bullish USDCAD scenarios above 1.30 driven by: 1) NAFTA renegotiations break down and breakup fears return.; 2) US growth expectations upgraded on policy driving a broad $ rebound Bearish USDCAD scenarios below...
Feb 23, 2018 09:37 am UTC| Research & Analysis Insights & Views
Amid the seventh round of NAFTA negotiations (scheduled on 25th Feb-5th Mar), in this write up, CAD forecasts are upgraded removing a NAFTA-scare discount in 1Q and forecasting more strength by end-18 on higher oil prices...
FxWirePro: CAD/JPY bullish/bearish scenarios, OTC indications and derivative trading perspectives
Feb 23, 2018 07:36 am UTC| Research & Analysis Insights & Views
Bearish: CADJPY scenarios driven by: 1) NAFTA renegotiations break down and breakup fears return.; 2) US growth expectations upgraded on policy driving a broad $ rebound 3) The global investors risk aversion...