FxWirePro: Stay long in Swiss franc against dollar in spot, via put versus euro
Mar 14, 2018 10:00 am UTC| Research & Analysis Insights & Views Central Banks
The Swiss franc has been the key underperformer this week amid the lack of market reaction to the outcome of the Italian elections and despite the ongoing focus on trade tensions. A clearly identifiable fundamental trigger...

FxWirePro: Dual digitals for Antipodeans on central banks' dovishness in APAC
Mar 14, 2018 08:22 am UTC| Research & Analysis Insights & Views Central Banks
The Aussie remains somewhat pricey compared to short-term fair value estimates, as yield differentials along the curve move steadily in the US dollars favor. This weight on AUD should only increase over the next year or...

FxWirePro: GBP/JPY OTC bids and FX derivatives hedging strategies ahead of BoE and UK CPI
Mar 14, 2018 07:08 am UTC| Research & Analysis Central Banks Insights & Views
As for monetary policy, we remain to be convinced that a modest increase in UK rates over and above what is now priced (we expect 50bp this year) will be a game-changer for GBP. Growth may have improved in the UK but the...

FxWirePro: Stay long NOKSEK in spot and in option form on Norwegian inflation
Mar 13, 2018 13:37 pm UTC| Research & Analysis Central Banks Insights & Views
Dear NOK traders, dont get excited prematurely. Only because the inflation target has suddenly been reached with the inflation data for January since Norges Bank lowered its inflation target from 2.5% to 2.0% does not mean...

Mar 13, 2018 12:41 pm UTC| Research & Analysis Insights & Views
The Chinese trade surplus versus the US amounts to approx. USD 300 billion so one billion is more like a rounding imprecision. Yes, we meant Last week, the trade protectionism theme shot back into focus as a potential...

Mar 13, 2018 10:38 am UTC| Research & Analysis Insights & Views
Have you known the scene from the Austin Powers film where the bad guy Dr. Evil wants to hold the world community to ransom and demands one million dollars? Only when Robert Wagner points out to him that a million isnt...
JGB swap curve shrinks after recently announced Kuroda’s testimony
Mar 13, 2018 10:10 am UTC| Central Banks Research & Analysis Insights & Views
JGB and swap curve shifted downward this week. Much of the rally took place on Monday, retracing most of the sell-off last Friday after Kurodas testimony at a lower house hearing. As for the LCH-JSCC spread, a further...