FxWirePro: Constructive outlook for NZD versus JPY - Forceful bears prefer vanilla puts and risk averse hedgers rely on debit put spreads

Jun 22, 2017 07:19 am UTC| Research & Analysis Insights & Views

NZD outperformed against JPY, despite a modest upside surprise from the GDT dairy auction, spiking higher from 76.270 to 81.115. The RBNZ has signaled the next cycle a tightening one will not start until late 2019....

FxWirePro: Symbolic decision to boost up FX inflows in China – USD/CNH options trade strategies

Jun 21, 2017 11:42 am UTC| Research & Analysis Insights & Views

MSCI said yesterday it will include China large cap A-shares in the MSCI Emerging Markets Index and the MSCI All-Country World Index (ACWI). It will add 222 A-shares (stocks traded in Chinas two main exchanges, the...

FxWirePro: Valuation and positioning dislocations in “Ratio Call Spreads” as low premium carry vehicles in EMFX

Jun 21, 2017 09:13 am UTC| Research & Analysis Insights & Views

The ratio spread is a neutral strategy in options trading that involves buying a number of options and selling more options of the sameunderlying spot price andexpiration date at a differentstrike price. It is a limited...

FxWirePro: Where ratio EMFX calls spreads are well-priced currently?

Jun 21, 2017 09:07 am UTC| Research & Analysis Insights & Views

The foreigners have been net buyers of EM assets (equities and bonds) for seven straight months. These trends, among other factors, have underpinned our bullish view on EM currencies relative to the forwards and...

Moody's: Montenegro's rising government debt and volatile growth pose credit challenges

Jun 21, 2017 07:57 am UTC| Research & Analysis

Montenegros B1 rating with a negative outlook is constrained by its rising government debt, small economy, volatile growth and strong reliance on foreign funding, Moodys Investors Service said in a new report. The...

Moody's: Finland's credit profile supported by effective institutions, growth and fiscal consolidation commitment

Jun 21, 2017 07:53 am UTC| Research & Analysis

Finlands Aa1 rating with a stable outlook is supported by its effective institutions, a broad political commitment to fiscal consolidation and signs of more robust economic growth, Moodys Investors Service said in a new...

FxWirePro: Brexit negotiations likely to boost up Sterling, OTC indications substantiate momentary gains – Debit options combinations for smart hedge

Jun 21, 2017 07:10 am UTC| Research & Analysis Insights & Views

The formal start of Brexit negotiations on Monday may prove more of a catalyst for the pound than an inconclusive general election, a surprise hawkish shift by Bank of England officials and a spate of disappointing...