Moody's upgrades Mongolia's rating to B3; outlook stable

Jan 18, 2018 08:38 am UTC| Research & Analysis

Moodys Investors Service has today upgraded the Government of Mongolias long-term issuer ratings and the senior unsecured ratings to B3 from Caa1, and the senior unsecured MTN program rating to (P)B3 from (P)Caa1. The...

Moody's: EMEA leveraged finance issuance volume reaches post-crisis high in 2017

Jan 18, 2018 08:17 am UTC| Research & Analysis

Leveraged finance issuance in Europe, Middle East and Africa (EMEA) hit a post-crisis high in full-year 2017, says Moodys Investors Service (Moodys) in an update to the markets published today. While 2018 issuance has...

FxWirePro: Bullish/bearish scenarios of USD/JPY and hedging framework ahead of BoJ meeting

Jan 18, 2018 06:35 am UTC| Research & Analysis Insights & Views Central Banks

Bullish scenarios USDJPY to 125 if: 1) The strong US growth leads aggressive Fed hikes and a spike in UST yields, resulting in broad USD strength, and 2) Japanese governments fiscal policy becomes more expansionary and...

FxWirePro: Yen stands out in low regime in 2018 – Double-No-Touch to tackle JPY softness

Jan 18, 2018 05:58 am UTC| Research & Analysis Insights & Views

Please have a glance in above nutshell evidencing ATM IVs, no pair is having implied volatilities above 8.5% except 1w USDCAD contracts. Amid this depressed vols circumstances, we find that yen crosses have strong...

FxWirePro: NAFTA remains lingering risks for loonie, crude prospects on the other corner but BoC’s monetary policy more decisive than everything

Jan 17, 2018 12:20 pm UTC| Research & Analysis Insights & Views Central Banks

The recent Canadian developments have reinforced dual perspectives on CAD prospects through 2018 that the resumption of gradual BoC normalization would drive outperformance vs lagging peers, but that NAFTA remains a...

FxWirePro: Winter season, geopolitical risks supportive to crude’s demand/supply equation – Add long NYMEX WTI vs ICE Brent spreads of mid-month tenors

Jan 17, 2018 11:40 am UTC| Research & Analysis Insights & Views

Its been a great beginning for the crude prices in 2018, with Brent crude futures about to touch $70/bbl, their highest level since Dec 2014. Brent is up by 14.5%since the OPEC-NOPEC meeting on 30 November 2017and was up...

FxWirePro: Tussle between US/Turkish and CBRT dovishness to fuel lira’s depreciation – Uphold USD/TRY delta calls of far-month

Jan 17, 2018 09:40 am UTC| Central Banks Research & Analysis Insights & Views

The CBRT rhetoric is refining and the lira is depreciating. Claims by Turkish President Recep Tayyip Erdogan that the US is establishing an army of terror on the border to Syria are fuelling concerns on the market that the...