Sep 19, 2016 10:09 am UTC| Technicals
NZDCAD has tested supports at 0.9586 levels (7DMAs) to bounce back after yesterdays failure swings when it hit all-time highs of 0.9659 levels, bearish pressures were only panicky trades or timely corrections in short term...
FxWirePro: Dollar sees net selling in CFTC – BRL calls seem ideal bid among emerging FX
Sep 19, 2016 08:01 am UTC| Research & Analysis
Leveraged funds turned net sellers of USD for the week as Fed speak did not lend support to a September rate hike. Funds pared their overall net long USD positions by USD1.7bn to USD7.8bn. Dollar selling was broad-based...
Sep 16, 2016 13:21 pm UTC| Research & Analysis
GBP fell further than expected in the aftermath of the UK vote to leave the EU and after the MPC eased policy at the start of August. Since then, a bounce in economic indicators has been accompanied by a GBP bounce to...
Sep 16, 2016 10:55 am UTC| Research & Analysis
Ahead of the key US policy rate decision next week, the August reading of CPI inflation is due today. Although this is not the Feds preferred inflation measure, it nevertheless provides a first indication in how inflation...
FxWirePro: How to hedge higher bond yield disruption in high beta EM FX crosses?
Sep 15, 2016 13:17 pm UTC| Research & Analysis
The template for a disorderly bond market rout in loose policy surroundings was provided by the Bund VaR shock last spring, whereby higher yields disrupt complacent EM longs and force sharp spikes in EUR- and JPY-EM...
FxWirePro: USD calls and CHF puts delta-hedged ahead of SNB’s monetary policy
Sep 14, 2016 09:53 am UTC| Research & Analysis
CHF is a good vol to own within G10 on gamma grounds alone (see above chart). Receptively, high-frequency realized vols have arrested their post-Brexit negative momentum and begun to turn mildly higher in August even in a...
Sep 12, 2016 11:28 am UTC| Central Banks Research & Analysis
The Australian dollar was weaker, AUDUSD continuesto slide down 0.45% at 0.7506 despite the RBA left the cash rate unchanged at 1.5% and provided little forward guidance. The Banks comments on the housing market were...