Apr 18, 2016 10:39 am UTC| Commentary
BoE cites Brexit uncertainties cautiously as the Monetary Policy Committee (MPC) of the Bank of England (BoE) decided to keep its main policy rate unchanged at 0.50% held in its monthly policy meeting last week. The MPC...
Apr 18, 2016 09:14 am UTC| Technicals
Reducing Hedging Cost - Use short term upswings to stay short in long term: Off-late, since we saw the Fed maintained unchanged rates, continuing on with its gradual tightening cycle in June. We think current macro...
FxWirePro: Brazilian political jitters hinder BRL’s bull streak – hedge FX risks via OTC instruments
Apr 18, 2016 08:06 am UTC| Technicals
Brazilian Congress Closes in on summons after a failed last effort by the Rousseff administration to prevent her impeachment process from moving forward, by asking the Brazilian Supreme Court to stop the process, the...
FxWirePro: AUD/CHF option strips for hedging downside risks on gap down opening
Apr 18, 2016 06:36 am UTC| Technicals
The implied volatility of 1W expiries are spiking at 12.80% and 12.29% for 1 month tenors. We see few near term catalysts for the AUD to retreat from recent gains. Domestic data improvements, clear stabilization in...
FxWirePro: AUD/CHF rejects upper Bollinger band and EMA, downtrend slips through sloping channel
Apr 15, 2016 14:14 pm UTC| Technicals
From last 6 days attempts of bounces has now been struggling at 0.7582 levels (Upper BB), it has bounced from 0.7168 to 0.7583 levels (todays high). We now emphasize 0.75 (or 0.7482) areas as stiff resistance (21EMA) of...
Apr 15, 2016 12:46 pm UTC| Insights & Views Commentary
The post-policy SGD nominal effective exchange rate (NEER) is back into the lower half of its new neutral policy band. This is consistent with the Monetary Authority of Singapores (MAS) expectation for core inflation to...
Apr 15, 2016 10:58 am UTC| Commentary
The implied volatility of 1W ATM AUDCAD contracts are at 9.51% and 8.68% for 1 months tenor. Moreover, it is perceived that the further CAD strength is certainly dependent on commodity price recoveries, especially crude...