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...

FxWirePro: Commodity updates and trade radar

Apr 13, 2017 11:57 am UTC| Insights & Views

Crude oil: US oil production rose to the highest level in over a year, leaving oil prices weaker on the day after the US EIA released its data. US production rose 36,000 barrels per day, the most since January 2016 and the...

FxWirePro: Macros to favor more Yen than Kiwis dollar – Snapping Chinese momentary rallies and put buying vs. short selling as NZD/JPY option pricing in sync with IVs

Apr 13, 2017 08:48 am UTC| Research & Analysis Insights & Views

Macro outlook: In japan, Business sentiment improved from the end of last year, but remains cautious. The PMI rose in March as services strengthened and manufacturing declined. Wage inflation remained anemic in...

FxWirePro: China trade surplus cushions kiwi dollars but mid-month IV skews signal bearish risks of NZD/USD – Use rallies to write overpriced puts in PRBS for hedging

Apr 13, 2017 07:06 am UTC| Research & Analysis Insights & Views

China reported trade surplus a USD 23.9 billion in March of 2017, compared to a USD 25.2 billion surplus a year earlier and above market expectations of a USD 10 billion surplus. Exports surged by 16.4 pct YoY, following a...