Announcement: Moody's changes outlook for Korean banking system to stable from negative

Dec 14, 2017 08:37 am UTC| Research & Analysis

Moodys Investors Service has changed the outlook for Koreas banking system to stable from negative, reflecting its assessment that the overall creditworthiness of Korean banks will be stable over the next 12-18...

FxWirePro: SNB likely to maintain status quo as the Swiss central bank needs to lag the ECB - Hedge EUR/CHF via call ratio spreads

Dec 14, 2017 08:14 am UTC| Research & Analysis Central Banks Insights & Views

A glimpse at ECB policy normalization: 2017 began with the negative news that had been holding the euro back, melting away like winter snow. The euro rallied earlier and rose faster than expected, culminating in a final...

FxWirePro: Ideal time for snapping USD/TRY dips and deploy vanilla calls as CBRT likely to remain focused on inflation and shut doors for speculators in lira

Dec 14, 2017 07:58 am UTC| Central Banks Research & Analysis Insights & Views

In todays MPC meeting of the Central Bank of the Republic of Turkey (CBRT), we reckon that the central bank would now want to guide a message that it seems credible on fighting inflation, discourage ongoing market...

FxWirePro: BoE seems to be factored-in bad news but more on cards - GBP/JPY OTC indications signal “RPS” as optimal hedging vehicle

Dec 14, 2017 07:34 am UTC| Research & Analysis Central Banks

BoE is scheduled for monetary policy on this Super Thursday Lots of bad news is priced in and lots of bad news is likely. We expect three years of real GDP growth below 1% in 2018-2020, averaging 0.8% per annum, about a...

FxWirePro: Hedge EUR/CHF via call ratio spreads on ECB’s expansionary versus SNB’s defensive monetary policy approach as rallies to prolong but in snail’s pace

Dec 13, 2017 14:13 pm UTC| Central Banks Research & Analysis Insights & Views

The Swiss National Bank (SNB) is likely to feel quite relaxed at its rate meeting tomorrow. EURCHF has now established itself above the 1.16 mark so that interventions against the franc have become unnecessary now. As a...

FxWirePro: Hedging intricacies of crude oil in 2018

Dec 13, 2017 13:46 pm UTC| Research & Analysis Insights & Views

US West Texas Intermediate crude goes up 66 cents at $57.80 a barrel while articulating ahead of EIAs inventory check today. The largest UK oil pipeline system, the Forties pipeline, was shut down on Monday to undergo...

FxWirePro: WTI’s crude’s demand/supply outlook ahead of EIA – hedge but no hedge

Dec 13, 2017 11:14 am UTC| Research & Analysis Insights & Views

Ahead of todays EIAs inventory check, lets just glance through the demand/supply equation of crude oil. Crude and product demand seems to be solid. Seasonal crude draws expected in coming weeks. US crude demand at/near...