
Apr 21, 2017 10:09 am UTC| Research & Analysis Insights & Views
GBP has performed better over the past month than we had expected. The trade-weighted index looked to be breaking down in March on evidence of a broader economic slowdown but has since rallied 2% on a combination of better...

Apr 21, 2017 06:59 am UTC| Research & Analysis Insights & Views
As the delta risk reversals of euro crosses (especially in EURJPY) have shown a mounting bearish interest as the progressive increase in negative numbers signify the traction for hedging sentiments for further downside...
FxWirePro: Low yielding vols lure long vega in USD/CHF and delta hedges
Apr 20, 2017 13:09 pm UTC| Research & Analysis Insights & Views
One sticking point is that 5Y USDCHF forwards is realizing 1.5-1.8 pts. below 5Y ATMs. This is not a direct impediment to vol buying since gamma contribution to long-expiry option P/Ls is minuscule, but the implied ...
Apr 20, 2017 12:36 pm UTC| Research & Analysis Insights & Views
Crude stocks drew for a second straight week, falling by 1.0 Mb (vs. -1.4 Mb expected). Cushing stocks fell, too, by 0.8 Mb (vs. +0.2 Mb expected). Refinery runs continued to ramp up quickly, and 4w av. runs are 395 kb/d...
Apr 20, 2017 10:58 am UTC| Research & Analysis Insights & Views
SEK has been one of the underperformers in G10 this week, weakening in sympathy with EUR. There isnt an immediately identifiable catalyst for the underperformance, although wage negotiations yielded an outcome that was...

FxWirePro: GBP/JPY “Reverse Put Spreads to sync with OTC indications for optimized hedging
Apr 20, 2017 10:09 am UTC| Research & Analysis Insights & Views
Please be noted that the 1m implied volatilities of GBPJPY are spiking above 13.10%, while positively skewed IVs signifies the hedging interests in OTM put strikes. In spite of GBPJPY downtrend seems to be intact, a lot...
FxWirePro: Global FX radar and savings glut amid geopolitical and GFC
Apr 19, 2017 13:02 pm UTC| Research & Analysis Insights & Views
In FX markets, GBP retained a firm tone in European tradeon Wednesdaysupported by British PM Theresa Mays unexpected call for a snap general election onJune 8 seeking a stronger mandate for the ruling Conservative Party...