Jun 16, 2016 08:07 am UTC| Insights & Views
As the outcome of the UK 23rd June referendum remains uncertain but the fears of Brexit sword lingering around GBP crosses so there is value in conditional trades expressing Bremain or Brexit scenarios. If the UK...
Jun 16, 2016 06:38 am UTC| Technicals
After yesterdays gains in GBP against the dollar as Fed maintained Status Quo in its monetary policy, the active bears of this pair have been back in business to trim previous gains. Even though the prices have jumped...
Jun 15, 2016 09:04 am UTC| Research & Analysis
The implied volatility of ATM contracts for 1M-3M tenors of EURUSD is flashing at around 12.45, that would be thepost effects of UK referendum period. The risk reversals of this pair of the same duration are flashing...
FxWirePro: EUR/USD naked strangle shorts amid divergence between 1m HVs/IVs and 1m Spot/RR too
Jun 15, 2016 07:09 am UTC| Research & Analysis
The implied volatility of ATM contracts for 1M-3M tenors of EURUSD is flashing at around 12.45%. The risk reversals of this pair of the same duration are flashing hedging arrangements for downside risks. Since the...
FxWirePro: Driving forces of BRICS currencies and hedging perspectives (Part 2)
Jun 14, 2016 12:48 pm UTC| Insights & Views
CNY: A newspaper report this morning states that Chinas central bank has sold USD473bn in foreign reserves to support its currency since August 2015, which roughly matches the reported drop in FX reserves (USD460bn). As...
FxWirePro: Driving forces of BRICS currencies and hedging perspectives (Part 1)
Jun 14, 2016 12:31 pm UTC| Insights & Views
BRL: Latin American GDP will contract by 1.1% in 2016, badly hampered by Brazil, which will again show a significant (3%). The Brazilian economy shrank 0.3% over the Q1 of 2016, following a downwardly revised 1.3%...
FxWirePro: Short HY vols with bearish-neutral RR of USD/CHF via put ladders ahead of Fed and SNB
Jun 14, 2016 12:11 pm UTC| Research & Analysis
Ahead of the central banks monetary policy reviews this week, we reckon both Fed and Swiss central banks are likely to maintain status Quo in its monetary policy, rates likely to remain unchanged at this meeting. Having...