
FxWirePro: Assessment of RVs versus IVs AUD/JPY and MXN/JPY - Relative values in conditional spreads
Jan 31, 2017 10:57 am UTC| Research & Analysis Insights & Views
Pick up relative value in conditional spreads, the conditional long/short vanilla spreads provide another avenue to explore when looking to fade vol risk premia. The idea is to structure zero-cost (or even premium...

FxWirePro: USD/TRY FVAs hedge seems more appealing
Jan 31, 2017 09:25 am UTC| Central Banks Research & Analysis Insights & Views
There is merit in earning carry in risk efficient form, and we sell USDTRY 1Yx1Y FVAs hedged with a static vanilla ATM call. USDTRY 1Yx1Y FVAs an appealing shorts, we are not chasing the drop in USD gamma lower;...
FxWirePro: Two FX derivatives trades for USD/RUB on threats of potential CBR FX interventions
Jan 31, 2017 07:41 am UTC| Research & Analysis Insights & Views Central Banks
In upcoming Russian monetary policy meeting, the CBR to remain on hold at 10%. Recent CBR rhetoric has been fairly cautious and we dont think the CBR would act at a non-core meeting (the next core meeting is in March)....

Jan 31, 2017 06:18 am UTC| Central Banks Research & Analysis Insights & Views
AUD remained in ranging mode, mostly between 0.7747 and 0.7162: Remains contained in a consolidative range of 0.7500-0.7600. AUDUSD in medium term perspective: Lower to 0.7400. The US dollars impressive post-election...

Jan 30, 2017 12:52 pm UTC| Research & Analysis Insights & Views
In Canada, November real GDP expected to rebound 0.4% MoM. Q416 real GDP still tracking our 1.3% QoQ, forecast. Wholesale sales softer than expected in November. CMHC issues warning to homebuyers in overheated...

Jan 30, 2017 10:40 am UTC| Research & Analysis Insights & Views
Gold prices in January series have retraced back above 38.2% Fibonacci retracements from the lows of six months downtrend (i.e. 1122.81 levels), earlier the upswings have hit 50% but could not sustain to slide to the...

Jan 30, 2017 07:25 am UTC| Research & Analysis Insights & Views Central Banks
OTC and fundamental updates: Please be noted that the IVs are spiking of across various tenors, while delta risk reversals indicate a shift in hedging sentiments that shows offloading in heavy downside risks ahead of...