Jul 26, 2016 12:46 pm UTC| Insights & Views
Efforts by President Erdogan to re-establish social cohesion and uphold democratic ideals while avoiding a shift toward autocracy would likely help to revive market confidence, leading to declines in USDTRY. Emergency...
Jul 26, 2016 11:35 am UTC| Research & Analysis Insights & Views Central Banks
By the end of 2016, we expect USD/CNY to be testing 7.0 due to a mix of cyclical USD strength as well as domestic factors. FX intervention cannot continue indefinitely. The orderly, low vol depreciation of the RMB has...
FxWirePro: Load up weights in GBP/JPY longs leg of PRBS on HY IVs to hedge prolonged downside risks
Jul 26, 2016 07:50 am UTC| Central Banks Insights & Views
Please have a glance on how implied volatilities of ATM contracts of 1w, 2w, and 1m tenors are spiking crazily in OTC markets, 29.52, 25.53% and 21.52% respectively ahead of Bank of Japans monetary policy on...
Jul 25, 2016 13:14 pm UTC| Central Banks Insights & Views
Can BoJ deliver ideal monetary policy decision as easing seems stuck in a catch 22 situation between inflation and yens appreciation? The question has been themajor focus for the week in economic data releases. This...
Jul 25, 2016 12:34 pm UTC| Research & Analysis Central Banks
The Bank of Japan (BOJ) is the central bank most likely to adopt helicopter money policy but not in its traditional sense. We see near term upswings and extreme downside risks that are signalled by risk reversals ahead...
FxWirePro: EM Asian forex basket ahead of monetary policies and economic data season
Jul 25, 2016 11:16 am UTC| Insights & Views
Taiwan Q2 GDP is scheduled to be released on Fridayand is expected to bounce back (consensus 0.7%, previous -0.68%) after three-quarters of contraction. We do not have any trade recommendations in TWD at the moment. The...
Jul 25, 2016 08:07 am UTC| Central Banks
Korea Q2 GDP (Tue) is expected to improve compared to a year earlier (SG 3.1%, consensus 3.0%, previous 2.8%). The move lower in USDKRW is running into intervention flows and downside technical support and further gains in...