
FxWirePro: Ruble goes off-track with crude and configures in high-beta EMFX space
Nov 20, 2017 11:44 am UTC| Research & Analysis Insights & Views
Large gyrations in heavily positioned in high-beta EM FX continued to dominate price action in options markets for another week, but not much of note transpired elsewhere in an otherwise quiet week RUB implied vols...

FxWirePro: A run through on Brent delta-butterflies as to why does smile curve appeal call yields
Nov 20, 2017 10:47 am UTC| Research & Analysis Insights & Views
Crude oil markets are growing nervous, days before OPEC is due to meet in Vienna on 30 November. Front-month prices on ICE Brent are currently retracing around $62.37, down $2.23 from the November highs and putting a pause...
FxWirePro: What’s cooking in commodity-currency bloc?
Nov 20, 2017 09:25 am UTC| Research & Analysis Insights & Views
Instead of policy news, the more notable development this week was the sharp acceleration in the ongoing oil price rally, which puts a spotlight on not only a large and growing deviation between oil prices and petro FX but...

FxWirePro: Stay short in USD/JPY by bidding 2m IV skews and RRs but with dubious eyes
Nov 20, 2017 08:02 am UTC| Research & Analysis Insights & Views
With little new information at hand, we keep our trade recommendations unchanged. The dollar has lost its upward momentum as select high profile drivers of support stalled. However, cyclical conditions are still strong in...

Nov 20, 2017 07:19 am UTC| Research & Analysis Insights & Views
EURCAD, on a broader perspective, has been drifting in the range between 1.5258 - 1.4442 from the last couple of months. Last month, we witnessed stern bullish rallies but for now, the trend is foreseen to hover in the...

FxWirePro: Combinations of call option and duration trades to participate in fragile TRY
Nov 17, 2017 12:41 pm UTC| Research & Analysis Insights & Views
The weakness in Turkish assets accelerated over the past week. The lira has weakened by around 2% against the US dollar since the start of November, underperforming other EM currencies (refer above chart). The...
FxWirePro: Snippets of EMFX and outright FX trades
Nov 17, 2017 11:40 am UTC| Research & Analysis Insights & Views
The headwinds we highlighted last week for EM FX remain; negative EM political news flow is high, US tax reform discussions continue to provide upside USD risk, and EM FX positioning remains crowded even though outflows...