
Jul 20, 2017 11:53 am UTC| Research & Analysis Insights & Views
A glimpse over fundamentals: The bearish forecast reflected the view that the ECB would be quieter on the taper in the near-term. Moreover, markets appeared better prepared for an ECB taper than for the onset of Fed...

FxWirePro: How are valuations and OTC sentiments of euro reacting to ECB today?
Jul 20, 2017 08:29 am UTC| Research & Analysis Insights & Views Central Banks
The main attraction today will be the ECB policy decision followed by Draghis press conference. The brighter economic outlook in the Eurozone has already resulted in an upward revision to the ECBs assessment for growth to...

Jul 20, 2017 07:33 am UTC| Research & Analysis Insights & Views
Please be noted that the nutshell above showing IVs skews and risk reversals of EURJPY have been indicating mounting bearish risks in both short and long run. On the contrary, technically, the current prices of this...
FxWirePro: Perspectives of EMFX and prospects in options strategies
Jul 19, 2017 12:04 pm UTC| Research & Analysis Insights & Views
EM FX has depreciated against the dollar (CEE FX has outperformed in line with a higher EUR/USD), as core yields have continued to move higher (bund yields: +32bp, 10y UST yields: +25bp) and commodity prices have...

FxWirePro: Hawks in BoC and NAFTA negotiation to frame CAD outlook upside-down
Jul 19, 2017 11:59 am UTC| Research & Analysis Insights & Views
US-Canada trade relations have entered a rockier patch under the Trump administration with tariffs placed on Canadas softwood lumber industry and threats of further action against other industries. More recently, the US...

FxWirePro: Are vols cheapening China tail risks on PBoC’s treasury and currency regime?
Jul 19, 2017 11:41 am UTC| Research & Analysis Central Banks Insights & Views
With continued USD weakens, USDCNY dipped to the 6.75 level this morning, i.e. back to the level seen in October. The PBoC set the USDCNY fixing rate at 6.7451, the lowest in nine months. Chinese authorities are again in...
FxWirePro: Bullish, bearish CNY scenarios and hedging perspectives
Jul 19, 2017 10:08 am UTC| Research & Analysis Insights & Views
Key drivers of CNY view: CNY depreciation risks have been reduced considerably. NIIP (net international investment position) data suggest corporate deleveraging has advanced significantly, while purchases of offshore...