FxWirePro: Bullish/bearish INR scenarios in H1’2018 – NDFs to provide positive carry
Jan 19, 2018 12:34 pm UTC| Research & Analysis Insights & Views
Amid our largely constructive assessment for EM Asia FX, it is shifted more vigilant thought on the INR outlook. The currency now exceeds the +5% threshold across our fair value metrics. To be sure, the mean-reversion...
FxWirePro: Can it be second Brexit referendum? EUR/GBP chases EUR/USD – Uphold 1y vol swaps
Jan 19, 2018 09:23 am UTC| Research & Analysis Insights & Views
Albeit GBP risk bias is upgraded to positive as subsequent developments have been constructive on balance. We think the chances of a fall that far are about 5%, whereas, by contrast, the chances of the GBPUSD reaching...

Jan 19, 2018 07:39 am UTC| Research & Analysis Insights & Views
NZDUSD in minor trend:A stretched NZD looks set to continue to consolidate around recent ranges 0.7250 to 0.7320 with a bias to the upside in the minor trend. NZDUSD medium-term perspectives: The near-term potential to...
FxWirePro: Spot on USD/KRW tail risk premium as Korean exporters unlikely to relax
Jan 18, 2018 14:07 pm UTC| Research & Analysis Insights & Views
The Bank of Korea maintained status quo in this monetary policy, to keep the policy rates at 1.50% as widely anticipated. Given that the economy is on a solid footing at this junction, there is a high possibility that the...
FxWirePro: Achieve costless hedging for USD/BRL using options seagull
Jan 18, 2018 11:39 am UTC| Research & Analysis Insights & Views
Since mid-September, USDBRL managed to surge well above the 3.20 mark after having traded sideways within a range from 3.10 to 3.20 in the summer. All in all, the BRL seems to be robust again despite political scandals...

FxWirePro: Three predominant driving forces of BRL’s bullishness – Options seagull to tackle trios
Jan 18, 2018 10:22 am UTC| Research & Analysis Insights & Views
Even though the high-yielding currencies have become consensus trades for 2018, it is maintained a more bullish stance than consensus on BRL short-term. In 2018, EMFX space relies more on carry for returns. However, the...

FxWirePro: ATMF vs ATMS call spreads into dual EMFX pairs
Jan 18, 2018 09:47 am UTC| Research & Analysis Central Banks Insights & Views
As USDCNY breached a key support at 6.4772 levels recently, the market seems to be curious whether Chinese central bank would step up an effort to prevent its currency from appreciating too drastically. China, with a...