​Fitch: Southern Europe Taps Covered Bond Funding for the Long Run

Jan 02, 2018 09:55 am UTC| Research & Analysis

Fitch Ratings observes Italian, Portuguese and Greek banks are taking advantage of the positive market momentum and investors hunt for yields to place longer-dated covered bonds. Issuers are either pre-funding future...

FxWirePro: G10 central banks’ tiptoe actions in 2018 - EUR/NZD knock-outs to carve vanilla calls pricing but to serve similar objective

Jan 02, 2018 09:52 am UTC| Research & Analysis Central Banks Insights & Views

A few more central banks tiptoe to the exit 2017 was the year in which more central banks broke ranks. We expect this to continue in 2018. The Fed will hike four times and the BoC two, which supports long positions in USD...

Moody's: Global oil industry to focus on disciplined investment, M&A for growth in 2018

Jan 02, 2018 09:18 am UTC| Research & Analysis

Oil prices will remain at $40-$60 per barrel in 2018 despite the extension of OPEC-led production cuts through the end of the year, Moodys Investors Service says in its 2018 credit trends report for the global oil and gas...

FxWirePro: EMFX space in 2018 likely to benefit from US expansionary phase

Jan 02, 2018 07:31 am UTC| Research & Analysis Insights & Views Central Banks

Record US expansion/strong global growth supportive for selective carry if the US expansion can survive until spring 2019 it would be the longest in post-war history. And whether the Fed hikes three times next year or...

FxWirePro: Shorting 1y USD/JPY topside vols in 2018 through knock-ins

Jan 02, 2018 07:02 am UTC| Research & Analysis Insights & Views

Weve already stated that the major trend of USDJPY is stuck between 23.6% and 38.2% Fibonacci retracement levels from the last couple of months (refer monthly plotting), the trend on this timeframe shows failure swings...

FxWirePro: Be circumvent to low FX vols puzzle and choosy in VXY trades

Dec 29, 2017 12:35 pm UTC| Research & Analysis Insights & Views

This has been a difficult year for long FX volatility investors and conversely a great one for sellers of volatility but at the expense of growing drawdown risks. Just take a glance trough above nutshell for ATM IVs of G10...

FxWirePro: BoE and phase II Brexit negotiation to cause sterling vulnerability again, loonie looks robust – Bid 3m GBP/CAD skews and deploy 3-way straddles

Dec 29, 2017 12:02 pm UTC| Research & Analysis Central Banks Insights & Views

The BoE has reversed the pre-emptive interest rate cut after the Brexit referendum in 2017. However, as this does not mark the start of a hiking cycle, monetary policy will no longer give any momentum. Even if it...