FxWirePro: Before celebrating New-Year, glimpse through G10, EMFX, and tailwinds in 2018
Dec 29, 2017 11:36 am UTC| Research & Analysis Insights & Views
The conviction of broad USD robustness through 1Q seems to be slightly edgy as the greenback has responded in snails pace but nosedived to retort to noticeable tax reforms, disinflation uncertainty is weighing once more,...

FxWirePro: CAD vols to construct easy to Carry RV structures for NAFTA and BoC hedge
Dec 29, 2017 08:44 am UTC| Research & Analysis Insights & Views Central Banks
CAD-based implied correlations are priced well below realizeds for nearly the entire CAD-cross universe; owning CADUSD vs CADJPY corr. or a CADJPY - USDJPY vol spread is a positive carry NAFTA hedge. Notably, please be...

Dec 29, 2017 07:22 am UTC| Research & Analysis Central Banks Insights & Views
In loonys fair assessment, the monetary policy to be more decisive than oil prices. The oil performance has been instrumental in boosting the currency in 2017, even though the long-term picture suggests that the currency...
FxWirePro: Hedge crude’s break-out of higher range and petro-bloc currencies
Dec 28, 2017 12:53 pm UTC| Research & Analysis Insights & Views
The combined Brent and WTI futures and options contracts remain very high at 926k lots. The record-high net length presents a big risk to oil structure, in our view, especially if markets were to weaken on the back of...
Dec 28, 2017 10:12 am UTC| Research & Analysis Insights & Views Central Banks
Funding in NOK seems to be lucrative and is substantiated as 1) limit drawdown in the event Fed policy gets upgraded more aggressively, and 2) benefit from continued drift in NOK as the Norges Bank remains at the back of...

Dec 28, 2017 09:24 am UTC| Research & Analysis Insights & Views Central Banks
The Fed was first out of the blocks with a strong policy response to the global financial crisis, while the election of Shinzo Abe as Prime Minister of Japan brought the BoJ into the fray, and by the start of 2015, the ECB...

Dec 28, 2017 09:24 am UTC| Research & Analysis Insights & Views Central Banks
The Fed was first out of the blocks with a strong policy response to the global financial crisis, while the election of Shinzo Abe as Prime Minister of Japan brought the BoJ into the fray, and by the start of 2015, the ECB...