
FxWirePro: Global equity sell-offs prompt FX vols – An EUR/USD hedging perspective
Feb 15, 2018 06:58 am UTC| Research & Analysis Insights & Views
The violent sell-off in equities has lifted FX vols to fair value. Past vol recovery cycles suggest that the correction has further to run before vols plateau at a higher level. Global equities are now down on the year...
Feb 13, 2018 01:14 am UTC| Research & Analysis
Moodys Investors Service says that Azerbaijans (Ba2 stable) GDP growth and fiscal revenue will benefit from higher oil prices, but the legacy effects of the 2014-16 oil shock that significantly and durably hit the...
FxWirePro: Delta calls for USD/TRY hedging on hawkish CBRT’s revised inflationary forecasts
Jan 31, 2018 13:02 pm UTC| Research & Analysis Central Banks Insights & Views
In its latest Inflation Report, CBRT did the obvious and revised up its year-end inflation forecast from 7% to 7.9%. But, this compares with market expectations in the 9% range. CBRT also revised up its end-2019 inflation...
FxWirePro: USD/BRL/JPY vega spreads to tackle high beta JPY
Jan 31, 2018 12:37 pm UTC| Research & Analysis Insights & Views
The weak US dollar was the chief driver of the bounce, accounting for almost three-quarters of the rise in the value of global reserves. Beyond dollar weakness, global imbalances remain persistent and have been another...
FxWirePro: A bird’s eye-view on global crude forecasts turning the table and WTI-Brent spreads
Jan 31, 2018 11:01 am UTC| Research & Analysis Insights & Views
If you glance through the crude oil prices (Brent) that have risen by 16% especially in 4Q17 and over 13% since mid-December 2017. Given the latest rally swiftly catching up on two of our last upward revisions, we have...
FxWirePro: Deploy debit call spread to hedge WTI crude’s risks ahead of EIA inventory check
Jan 31, 2018 10:15 am UTC| Research & Analysis
Global crude oil prices have steadied at close to $70/bbl in recent weeks and have pushed to fresh three-year highs while articulating. Current prices have been slightly edgy extending losses into a third session, amid...

FxWirePro: A glimpse though FX options market amid Italian election risks
Jan 31, 2018 08:34 am UTC| Research & Analysis Insights & Views
There is a late swing in the Italian opinion polls in favour of MS5. While holding forecasts unchanged, we have established a decent long EUR position in the macro portfolio (vs JPY, NZD, and an EURUSD proxy). The...