FxWirePro: Stay short in EUR/CNK as CNB’s rate hiking cycle in 2018 seems imminent
Nov 07, 2017 09:36 am UTC| Central Banks Research & Analysis Insights & Views
In this write-up, we emphasize on shorting in EURCZK via 3-month forwards, which is currently trading at 25.6214. We target a 4% move lower to 24.5965 and place a stop loss at 26.0057. Our trade horizon is 6-12 months. The...

FxWirePro: Latest gamma and spot FX developments after recent central bank actions
Nov 07, 2017 09:08 am UTC| Central Banks Research & Analysis Insights & Views
The central bank events are delivering: BoC and ECB have been at the vanguard of reshaping non-US rate expectations this year, and their easing up on policy normalization rhetoric in October sparked good-sized spot swings...

Nov 07, 2017 07:53 am UTC| Research & Analysis Insights & Views
AUDUSD short term medium term perspectives:in near term, bears lingering for it to breach below 0.7673 where a strong support is observed, RBA maintained status quo in its cash rate which is widely anticipated to be...

FxWirePro: Switch trades - Own buzzing USD calls against CHF puts
Nov 06, 2017 14:07 pm UTC| Research & Analysis Insights & Views
Owning USD calls/CHF puts or USDCHF risk reversals as long USD plays: Unwind long EURCHF outright and rotate into long USDCHF via a risk reversal, which in conjunction with a pre-existing spot long in USDJPY, positions...

FxWirePro: Encourage leveraged bullish RUB via EUR/USD in lieu of USD/RUB
Nov 06, 2017 13:52 pm UTC| Research & Analysis Insights & Views
JPM Commodities research has raised their oil forecasts for 2018 based on better-than-anticipated compliance to supply quotas, the likelihood of the OPEC/NOPEC production cut accord being extended through 2018, and a solid...
Nov 06, 2017 10:39 am UTC| Research & Analysis Insights & Views Central Banks
Scale back EUR longs and increase USD longs: Rotate long EURCHF into long USDCHF via risk reversal; keep EURUSD call spread The much-awaited ECB meeting was modestly dovish and with it, Draghi was able to deliver euro...
Nov 06, 2017 08:12 am UTC| Research & Analysis
Moodys Investors Service (Moodys) says its outlook for the Moroccan banking system is positive, supported in part by the countrys ongoing economic diversification and stable and predictable political and economic policy...