FxWirePro: Fed most likely to maintain status quo - Hedge dollar payables via EUR/USD (knock-in) forwards

Mar 18, 2019 08:26 am UTC| Research & Analysis Central Banks

We maintain a neutral forecast for EURUSD over the coming quarter, and indeed continue to recommend tactical short option trades in EURUSD for the next month or two on the basis of some fundamental driving forces: The...

FxWirePro: Hedging Dollar Receivables Ahead of Fed via Risk Reversals

Mar 18, 2019 07:42 am UTC| Research & Analysis Central Banks

We reckon that the European economy was too fragile for the euro to be able to capitalize on the abrupt change in tone from the Fed or the threat to the credibility of US policymaking. This stance hasnt necessarily...

Regulatory Series on Cryptocurrencies – US SEC and ESMA to give more clarity

Mar 18, 2019 06:48 am UTC| Research & Analysis Insights & Views Digital Currency

Amid the crypto-market downturn which began especially after the news of the US Securities and Exchange Commissions (SEC) declining the decision on an ETF product approval,The SECs standpoint on Bitcoin ETFs seems to...

FxWirePro: Take a look at G7 versus EMFX vol spreads

Mar 15, 2019 13:52 pm UTC| Research & Analysis

An odd by-product of the nosedive in G7 vol has emerged: EM vs. G7 vol spreads are re-widening, not because risk premia in EM are rising as was the case last year quite the opposite in fact but because G7 options have...

FxWirePro: Bid USD/ZAR options trade as South African currency staged for further dips on risk-off and domestic fundamental landscape

Mar 15, 2019 13:18 pm UTC| Research & Analysis

Although the depreciation pressure due to global factors and risk-off sentiment recently eased somewhat, the rand was not able to benefit, as domestic factors such as the forthcoming rating review and the upcoming...

FxWirePro: Brexit drama still on table – Perceptions of GBP options market to divulge rosy or scary outcomes as geopolitical deadlock still intact

Mar 15, 2019 12:00 pm UTC| Research & Analysis Insights & Views

On the back of three rounds of Brexit relevant votes in the House of Commons, quite a few takeaways are traced out from the UKs geopolitical surface, they are as the following: a) the majority of MPs wants a deal, just...

Cryptocurrency Derivatives Series - Investment flows into Bakkt’s counterpart Coinflex

Mar 15, 2019 10:59 am UTC| Research & Analysis Digital Currency Insights & Views

Coinflex, the major counterpart of Bakkt, who is the worlds first physically-delivered cryptocurrency futures exchange, made buzzing announcement. Physically-delivered bitcoin futures are at the core of another much...