FxWirePro: WTI crude spikes through rising wedge, restrain from blowing-out-of-the-proportion, major trend retraces just 38.2% Fibos

Jan 03, 2018 12:20 pm UTC| Technicals Insights & Views

Chart pattern formed - Rising wedge, shooting stars on daily terms and Symmetric triangle resistance break-out and extension of consolidation phase by retracing upto 38.2% Fibonacci retracements on monthly terms. The...

FxWirePro: Does OPEC-NONOPEC effort go into a vein? WTI takes off 2018 with bumpy ride – A glance through demand disruption and supply glut

Jan 03, 2018 11:41 am UTC| Research & Analysis Insights & Views

The pooled Brent and WTI futures and options contracts together remain very high at 926k lots, just slightly below the record high noted in the week before at 934k lots. There was, however, a minor deterioration in the net...

FxWirePro: Glimpse through WTI and Brent OI rebalancing and hedge petrocurrency via vanilla options as crude inches higher range

Jan 03, 2018 10:12 am UTC| Research & Analysis Insights & Views

In 2018, the crude oil balance will likely tighten and inventories draw, on a likely 9-month extension of the OPEC-Russia accord and amid continued firm demand growth. The speed at which US shale responds will help...

FxWirePro: EUR/JPY valuations in sync with 1Y skews, 1y RRs highest among G10 FX space – Bid OTC indications for delta-hedges, directional and aggressive traders

Jan 03, 2018 09:40 am UTC| Research & Analysis Insights & Views

EURJPY PPP and FEER valuations are the yen bears arch-enemies, but they apply far more to the USDJPY than to the EURJPY, given that the euro, too, is significantly undervalued on a PPP basis. The PIIE puts a...

FxWirePro Poll: BoE likely to keep Bank Rate steady at 0.5 pct in Q1 2018

Jan 03, 2018 08:10 am UTC| Commentary Insights & Views Central Banks Economy

The Bank of England (BoE) is seen holding its benchmark interest rate or the Bank Rate steady at 0.5 percent in the first quarter of this year, after having adopted a rate hike at its previous meeting in 2017, an FxWirePro...

FxWirePro: EMFX forecasts indicate SGD’s bearishness, trade balance cushions continued bullishness – Credit call spreads for directional hedging

Jan 03, 2018 07:02 am UTC| Research & Analysis Insights & Views

Against the forwards, the forecasts have been the most bearish on the TWD, KRW, THB, RUB SGD and the most bullish on the TRY, CZK PLN. On a regional basis, EMEA should outperform. We could foresee slightly more EM Asian...

FxWirePro: New Year trade resolutions for EMFX baskets

Jan 02, 2018 12:48 pm UTC| Research & Analysis Insights & Views

We reckon bullish USD/EM baskets, spot rates should be upwardly biased, and the bulk of total return performance in 2018, if any, should come via carry similar to the past two years. The risk to our forecasts is a...