FxWirePro: Stay short Dec’17 LME copper but longs for swing traders
Jul 28, 2017 11:25 am UTC| Research & Analysis Insights & Views
The copper prices surged today extending yesterdays gains taking the bull swings to the highest in more than two years on expectations of strong economic growth in China and news of Chinese restrictions on scrap imports...
FxWirePro: Outpaced gamma in dollar’s bearish phase amid global central banks’ gyrations
Jul 28, 2017 11:23 am UTC| Research & Analysis Insights & Views Central Banks
After the dovish Fed statement, the greenback staged a surprise recovery yesterday, which was not necessarily backed by a visible improvement in fundamentals. We think that the pullback will be short-lived, especially...

Jul 28, 2017 10:21 am UTC| Research & Analysis Insights & Views
The bearish USDCAD scenarios (below 1.28) driven by: BoC indicates the intention to normalize rates earlier due to an improved global outlook. Global demand pushes oil prices to $50 plus and towards $60. The...

FxWirePro: Sterling’s OTC indications move in sync with forecasts
Jul 28, 2017 07:29 am UTC| Research & Analysis Insights & Views
Before we begin with this write u, lets just glance through GBP IV skews and delta risk reversals of GBP crosses. Please be noted that the positively skewed IVs of GBPJPY of 6m tenors signify the hedgers interests in...

FxWirePro: Judicious interpretations of GBP/JPY vols convexity and skewness
Jul 28, 2017 06:56 am UTC| Research & Analysis Insights & Views
Please be noted that the positively skewed IVs of GBPJPY of 1m tenors signify the hedgers interests in OTM put strikes. Whereas IVs of these tenors are just shy above 9.12% which is highest among G7 currency space, while...

Jul 28, 2017 06:17 am UTC| Technicals Insights & Views
GBPJPY bulls managed to breach above 23.6% Fibonacci levels but havent been able to sustain above range resistance at 147.778 levels. Although GBPJPY began this week with minor spikes, halted bull swings at 21DMA levels...
FxWirePro: USD against EM Asian baskets - Deploy USD/CNH calendar straddles on Yuan’s mild stiffness
Jul 27, 2017 13:20 pm UTC| Research & Analysis Insights & Views Central Banks
Against the backdrop of continued USD weakness, USDCNY dipped below 6.74 this morning, although the PBoC set the fixing rate even lower at 6.7307. Yesterday afternoon, we saw decent selling USD flows from corporates in...