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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...

FxWirePro: USD/CAD bearish scenarios - 1m well-balanced IV skews signal knock-in options on hedging grounds

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...

FxWirePro: GBP/JPY shooting stars pop up to resume bearish action in major trend, can it be a double top in minor trend – Buzzing yields via one touch binary puts

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...

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Economy

BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks

The Bank of Japan is increasingly concerned that rising import costs and currency fluctuations can trigger sharp inflation in Japan, suggesting these supply-driven price pressures should play a greater role in monetary...

Asian Stocks Fall as AI Fears and Oil Surge Hit Markets

Asian stocks declined on Monday as concerns over a potential slowdown in artificial intelligence development pressured technology shares, while oil prices above $100 a barrel fueled inflation fears and expectations for...

Hormuz Vessel Traffic Drops to Single Digits

Commodity vessel traffic through the Strait of Hormuz dropped to single-digit daily levels over the weekend, highlighting growing disruption to one of the worlds most important energy and shipping routes. Preliminary...

Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise

Goldman Sachs now expects the Federal Reserve to raise interest rates by 25 basis points at its September meeting, reversing its previous forecast for no change as inflation concerns intensify across U.S. financial...

Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets

Gold prices moved lower on Monday as stronger-than-expected U.S. inflation increased expectations for a Federal Reserve interest rate hike this week, while surging oil prices added fresh inflation concerns. Spot gold...

Politics

Takaichi-Backed Koja Wins Okinawa Governor Race

A candidate supported by Japanese Prime Minister Sanae Takaichis government has won the Okinawa gubernatorial election, potentially clearing the way for Tokyo to expand its military presence across the strategically...

Philippines Holds Historic Bangsamoro Election Amid Tight Security

Voting began Monday in the Philippines Muslim-majority south in a landmark Bangsamoro election, with security tightened after pre-election violence left three people dead and 15 others wounded. The vote is considered a...

China’s Global Times Slams Anthropic CEO’s AI Slowdown Plan as ‘Cold War’ Strategy

Chinas state-backed Global Times has criticized Anthropic CEO Dario Amodeis proposal to slow the development of advanced artificial intelligence, arguing that the initiative reflects a U.S. Cold War playbook aimed at...

Sweden Election: Centre-Left Holds Narrow Lead

Swedens centre-left opposition held a slim lead over the right-wing government early Monday as vote counting continued in a closely contested national election that could reshape the countrys immigration and domestic...

Houthi Red Sea Gains Strengthen Iran’s Leverage Over Gulf States

The Houthi takeover of strategic areas along Yemens Red Sea coast is shifting the Gulf balance of power, giving Iran greater leverage over Saudi Arabia and other Gulf states as disruptions threaten key global oil and...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Z.AI Shares Slide 7% After $5 Billion Fundraising

Z.AI shares tumbled nearly 7% on Monday, reaching a 5-1/2-month low after the Chinese artificial intelligence company completed a roughly $5 billion fundraising package involving discounted new shares and convertible...

Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO

Anthropic expects to post positive adjusted operating income for a second consecutive quarter, signaling improving financial performance as the artificial intelligence company moves closer to a potential IPO, the Financial...

Trump Vows to Keep U.S. Ahead of China in AI Race

President Donald Trump said Sunday that the United States must maintain its artificial intelligence lead over China, pushing back against calls from prominent technology leaders to slow AI development amid growing safety...

Samsung, SK Hynix Reject KEPCO’s $18.7 Billion Power Funding Plan

Samsung Electronics and SK Hynix have rejected a proposal from Korea Electric Power Corp. (KEPCO) that would require the chipmakers to provide 25 trillion won ($18.7 billion) in upfront funding to secure electricity...

Hyundai Delays In-House ADAS, Turns to Nvidia

Hyundai Motor Group plans to introduce vehicles running its proprietary driver-assistance software in late 2029, delaying the technology by about two years as the South Korean automaker expands its partnership with Nvidia....
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