FxWirePro: Stay positioned in EUR/CZK as CNB indicates exit from floor
Oct 05, 2016 11:07 am UTC| Central Banks Commentary
We remain bullish CZK, with the CNB more confident it will exit from the koruna cap in mid-2017 at its latest meeting. This week, the CNB kept the benchmark rate unchanged at 0.05% and attempted to tame market...
Oct 05, 2016 07:16 am UTC| Central Banks Commentary
The AUD has enjoyed support from commodity prices plus the RBA sounding comfortable about Australias outlook as the central bank maintained status quo in its recent monetary policy (cash rates unchanged at 1.50%). An...
Oct 04, 2016 13:03 pm UTC| Central Banks Commentary
As per the National Bank of PolandsMPC, the latest minutes unpredictably indicated that several MPC members are willing to consider rate cuts. This comes as a surprise because individual interviews in recent months tended...
Oct 04, 2016 12:09 pm UTC| Commentary
The announcement of the British Prime Minister Theresa May to invoke the British exit request in line with article 50 by March 2017 at the latest, thus starting official exit negotiations put considerable pressure on...
FxWirePro: Key drivers for bearish ZAR and USD/ZAR low delta call spreads
Oct 04, 2016 11:14 am UTC| Research & Analysis
We are medium-term bearish ZAR, but following the sharp sell-off in recent weeks we do not hold active short positions at the moment. Political risks are likely to be a key driver of the currency, in the near term. It...
Oct 04, 2016 10:09 am UTC| Commentary
A few idiosyncratic developments have made this week more eventful that we would have expected, and have caused vols to bottom out from their lows. Nov/Dec US Elections and BoJ/Fed calendars dominate the vol landscape...
Oct 04, 2016 08:09 am UTC| Commentary
The sterling would remain in focus today, as even much better than anticipated manufacturing PMI data yesterday (actual flash 51.5 versus forecasts at 50.4 and previous at 49.4) and Chancellor Hammond alluding to fiscal...