FxWirePro: Use momentary stabilization in Turkish lira to deploy short legs in CCS

Apr 13, 2017 13:38 pm UTC| Central Banks Insights & Views

Following the attempted coup and the wave of purges by the Erdogan government, the Turkish economy slipped into recession. But according to official data, GDP jumped in Q4 by a hefty 3.9% in the quarter. Monthly data...

FxWirePro: Credible Russian central bank curbs depreciation stress – Deploy put spreads for further USD/RUB depreciating risks

Apr 13, 2017 13:13 pm UTC| Central Banks Research & Analysis Insights & Views

After having contracted massively by 2.8% in 2015, the minus in 2016 amounted to only 0.2%. The economy looks set to recover this year and the next. But especially in view of Russias heavy dependence on the oil price, we...

FxWirePro: Swiss franc to boost up even after French political risk elapses and SNB tapers - Append longs in CHF vs USD via put spread and EUR cash

Apr 13, 2017 12:25 pm UTC| Central Banks Research & Analysis Insights & Views

We continue to envisage a phased decline in EURCHF to 1.03 by year-end predicated on a relaxation in the SNBs very aggressive intervention tactics once the immediate threat of exchange rate instability spilling over from...

Doves on Reserve Bank of Australia monetary policy board to be sidelined after stellar jobs data

Apr 13, 2017 12:14 pm UTC| Insights & Views Central Banks

According to data published by the national statistics bureau on Thursday, Australias seasonally adjusted overall employment rose by 60,900 in March, following a revised gain of 2,800 in February. The rise was far above...

Bank of Korea likely to stay on hold through 2017, says Commerzbank

Apr 13, 2017 08:34 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to stay on hold throughout this year amid uncertainties including the presidential election on 9 May and heightened financial market volatility. The next move is more likely to be a rate...

FxWirePro: The Day Ahead- 13th April 2017

Apr 13, 2017 05:14 am UTC| Commentary Economy Central Banks

Lots of economic dockets and events scheduled for today and all with low to medium volatility risks associated. Data released so far: Australia: Consumer inflation expectations rose to 4.1 percent in April....

FX Hedging Strategy Series

FxWirePro: Insights on MAS’s SGD NEER implications – USD/SGD low IV yielder via debit put spreads

Apr 12, 2017 13:52 pm UTC| Central Banks Research & Analysis Insights & Views

The instrument of monetary policy in Singapore is the nominal effective exchange rate (NEER) rather than a market interest rate. This is because of the small and open nature of the economy with free capital movement. The...