FX Hedging Strategy Series

FxWirePro: Why and how KRW weaker? Take a look on tackling downside risks

Dec 09, 2016 13:47 pm UTC| Research & Analysis

The 2017 outlook envisions emerging market currencies coming under further downward pressure through to the end of Q1 (tough harmonizing task). The KRW is in the crosshairs from a perfect storm of Fed tightening, higher US...

FX Hedging Strategy Series

FxWirePro: Cable risk reversals curve moving in linear direction - No fresh hedging only speculate GBP/USD

Dec 09, 2016 13:38 pm UTC| Research & Analysis

Please be advised that the 25-delta risk of reversal of GBPUSD has not been indicating any dramatic shoot up nor any slumps (no fresh change inrisk reversals has been observed), but seems to be one of the pairs to be...

FX Hedging Strategy Series

FxWirePro: Are vega instruments luring you amid spiking IVs in GBP/USD ahead of BoE monetary policy? Flirt with option strips bidding 2w skews for certain yields

Dec 09, 2016 13:20 pm UTC| Research & Analysis

The ATM volatility of GBP crosses to spike crazily until next weeks BoE monetary policy meeting, We are expecting calm down a little after another roller-coaster ride in the GBP around the BoE meeting on next...

FX Hedging Strategy Series

FxWirePro: UK service and construction PMIs to add impetus on GBP, IV skews conducive for OTM writings – GBP/JPY cost-less collar spread on seesaw sentiments

Dec 09, 2016 07:41 am UTC| Research & Analysis

The British economy advanced 0.5 pct on quarter in the three months to September of 2016, slowing from a 0.7 pct expansion in the previous period and in line with the preliminary estimate. Net external demand was the main...

Moody's: Global speculative-grade default ticks lower in November; commodities firms account for half the month's defaults

Dec 09, 2016 00:10 am UTC| Research & Analysis

Moodys global speculative-grade default rate closed at 4.6% for the trailing 12-month period ended 30 November, slightly lower from Octobers 4.7%, the rating agency says in its latest global default report. Commodity...

FX Hedging Strategy Series

FxWirePro: Historical evidences evidence divergence between WTI IVs & RVs and convergence between risk reversals & forwards when OPEC acts

Dec 08, 2016 13:15 pm UTC| Research & Analysis

The implied volatilities of crude oil options have dropped considerably on the back of last weeks OPEC production cut pact. For an instance, the 3m at the money WTI implied volatility has dropped a massive 10 percentage...

FX Hedging Strategy Series

FxWirePro: WTI implieds likely to dip after OPEC but forwards to chase 1y risk reversals – Achieve $60 in snail's pace via optimized 1x1.5 call spreads

Dec 08, 2016 13:13 pm UTC| Research & Analysis

The recent OPECs agreement to cut output by 1.2 Mb/d from January next year together with the possibility of non-OPEC cuts of some 600 kb/d should result in meaningful global oil stock draws next year (even if full...