FxWirePro: Bullish Asian EMFX themes

Jul 19, 2017 07:37 am UTC| Research & Analysis

Stay short in USDTHB: Parameters: Sell USDTHB, target 32.60, stop 34.60. Thesis: Further THB gains are likely on the strong fundamental balance of payments support, foreign investor inflows, stable politics, and...

FxWirePro: USD/JPY highest delta risk reversals among G10 space and IV skews indicate mounting bearish risks – Use tailor made hedging vehicles

Jul 19, 2017 07:15 am UTC| Central Banks Research & Analysis Insights & Views

Bearish dollar scenarios: 1) Fed doesnt tighten again in 2017 or allow the balance sheet run-off to begin. 2) Chinese growth turns higher in Q3 and Q4, compared to consensus expectations of stability or modest...

FxWirePro: Execute GBP/JPY options straps to capture smile convexity

Jul 18, 2017 09:15 am UTC| Research & Analysis Insights & Views

In this write-up, we emphasize on GBPJPY IVs that are highest among G7 FX space. Please be noted that the nutshell showing the positively skewed IVs of GBP against JPY options has been showing well-balanced risks both...

FxWirePro: Bullish, bearish scenarios, forecasts and hedging vehicle of Sterling and Yen

Jul 18, 2017 07:43 am UTC| Research & Analysis Insights & Views

Bearish Scenarios Sterling: 1) Growth slows below 1% as consumers are squeezed by inflation and falling house prices. 2) Outright capital repatriation from slower moving long-term investors including central...

FxWirePro: EMFX sentiments move in tandem with UST yields

Jul 17, 2017 12:58 pm UTC| Research & Analysis Insights & Views

EM FX has depreciated against the dollar (CEE FX has outperformed in line with a higher EURUSD), as core yields have continued to move higher (bund yields: +32bp, 10y UST yields: +25bp) and commodity prices have softened....

FxWirePro: Bullish, bearish scenarios and hedging perspectives of USD/MXN

Jul 17, 2017 12:37 pm UTC| Research & Analysis Insights & Views

Bullish Scenario: USDMXN at 20 over 4Q17 on a hypothetical disorderly renegotiation of NAFTA leading to bond outflows and local political volatility. We at FxWirePro could foresee USDMXN at 20 over 2H17 on a putative...

FxWirePro: Sterling OTC seems to be uninterested in Brexit negotiations

Jul 17, 2017 11:25 am UTC| Research & Analysis Insights & Views

Sterling OTC FX functions seem to be tepid, out of the limelight but underlying spot movements havent been out of the woods. Amid the consolidation phase of GBPUSD, it has bottomed out at 1.1986 levels and bounced back to...