FxWirePro: How do you tone down divergence between MXN and crude oil?
Jun 03, 2016 11:41 am UTC| Insights & Views
The connection between crude oil prices and EM currencies has been elevated over the past few years, but the relationship is starting to significantly weaken. It is quite likely that the oil-FX correlation continues to...
Jun 03, 2016 10:43 am UTC| Insights & Views
We do not believe TRY will trade back below 2.85 going forward in long run despite some momentary dips. Inflation differentials alone would take fair value to well above 3.00. Moreover the ongoing support from the EU on...
Jun 03, 2016 10:03 am UTC| Insights & Views
The Q1 GDP and April fiscal releases this week managed to surprise us to the upside. As such, we see some upside risk to growth and fiscal forecasts. The Brazilian economy shrank 0.3% in Q1 of 2016, following a...
Jun 03, 2016 08:35 am UTC| Commentary
Macro view: Q1 GDP shows the economy got off to a solid start in 2016. Non-mining activity is now growing strongly, supported by housing, consumer spending, and strong growth in services exports. Australia reported a...
Jun 03, 2016 08:15 am UTC| Technicals
Last two days of slumps have tested support at 78.674 as bearish momentum is fading away. We can observe at the same levels, a Dragonfly doji pattern at 7DMA was traced out in the recent past but with a stiff resistance...
Jun 02, 2016 11:46 am UTC| Research & Analysis
GBP/USD realised volatility was trading close to its lowest level, ever since FOMC made some hawkish statements in previous monetary policy meeting and UK referendum month has begun, the IVs began picking up. Just have...
Jun 02, 2016 11:24 am UTC| Research & Analysis
Bounce in realised volatility is most likely upon event risks ahead of continuous streak of data flows during mid-June. These significant economic event such as Feds funds rate, BoEs monetary policy decision and very...