Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Evernorth XRPN Nasdaq Listing Delayed to October 12 
Robinhood Buys $25 Million in Bitcoin for Corporate Treasury 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Weekly Crypto Pulse: $528M ETF Inflows Meet a Cooling US Economy 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Add as a preferred source on Google
Our RBNZ outlook (on hold throughout 2018) is anchoring short-maturity interest rates and should keep 2yr swap rates in a 2.10% to 2.50% range, as long as inflation remains below 2%.
While we pair EUR vs NZD to neutralize the risk to EURUSD from a further repricing of the Fed. The RBNZ is an unlikely candidate to signal tighter policy as the slowdown in migration intensifies the downturn in housing and argues against a policy response to upside inflation risks from minimum wage increase etc. The 3m window KO halves the premium compared to a digital call.
In Sweden, the prospects of a policy pivot were delayed not derailed this year. EURSEK is currently overshooting cyclicals by over 4% the most since 2010. The rebound in inflation to 2.0% in November reduces the risk of the central bank extending QE again next week (this was 0.3% ppt higher than the Riksbank's estimate), although it could still push back the lift-off point for rates by a quarter to 3Q’18 in order to better align itself with the ECB’s extension of QE through September.
Long a 9m 1.80 EURNZD digital call with a 3m 1.80 window KO. Paid 17.5%. Marked at 19.04%.
Currency Strength Index: FxWirePro's hourly EUR spot index has shown 78 (which is bullish), while hourly NZD spot index was at 62 (bearish), USD at 56 (bullish) while articulating at 07:05 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit:
