FX Hedging Strategy Series

FxWirePro: Trump weighs heavier than crude to keep CAD vulnerable – 2m OTC functional factors eye on hedging upside risks of USD/CAD

Sep 19, 2016 12:52 pm UTC| Central Banks Research & Analysis

Positive factors less likely to drive CAD than draggers: Trumps protectionist declarations, notably labelling NAFTA as the worst trade deal in the history of the country, make the Canadian dollar especially vulnerable...

FX Hedging Strategy Series

FxWirePro: Kiwis growth justifiable in REER terms - NZD/CAD OTM striking calls with spiking HY IVs to hedge flurry of bull streaks at all-time highs

Sep 19, 2016 11:28 am UTC| Research & Analysis

New Zealand PM John Key justified the recent kiwi gains at a press conference in Wellington on Monday by citing the countrys economic fundamentals and the recovery in dairy prices but stated that New Zealanders would...

FX Hedging Strategy Series

FxWirePro: Dollar sees net selling in CFTC – BRL calls seem ideal bid among emerging FX

Sep 19, 2016 08:01 am UTC| Research & Analysis

Leveraged funds turned net sellers of USD for the week as Fed speak did not lend support to a September rate hike. Funds pared their overall net long USD positions by USD1.7bn to USD7.8bn. Dollar selling was broad-based...

FxWirePro: RBNZ likely to stay pat but to deliver balanced minutes - 1w IV still stimulates call writers advantages

Sep 19, 2016 07:41 am UTC| Central Banks Research & Analysis Insights & Views

The OCR is biased lower, but like the consensus and market, we dont expect action at the OCR Reviewon Thursday.Further easing will be signalled the NZD is too deflationary to ignore, and doing nothing would send it...

FX Hedging Strategy Series

FxWirePro: Upbeat UK PMIs and clear downturn offer EUR/GBP better entry levels – hedging bets in CRBS on 3m RR and IV

Sep 16, 2016 13:21 pm UTC| Research & Analysis

GBP fell further than expected in the aftermath of the UK vote to leave the EU and after the MPC eased policy at the start of August. Since then, a bounce in economic indicators has been accompanied by a GBP bounce to...

FX Hedging Strategy Series

FxWirePro: Bullion OTC bullish sentiments buoyed as Fed’s hiking hopes softened – Deploy 3-way straddles versus OTM put bidding 1w RR for hedging

Sep 16, 2016 10:55 am UTC| Research & Analysis

Ahead of the key US policy rate decision next week, the August reading of CPI inflation is due today. Although this is not the Feds preferred inflation measure, it nevertheless provides a first indication in how inflation...

Fitch Downgrades State of Rio de Janeiro to 'C' from 'B-'

Sep 16, 2016 00:00 am UTC| Research & Analysis

Fitch Ratings has downgraded the Brazilian state of Rio de Janeiros (ERio) Long-Term Issuer Default Rating (IDR) to C from B-. The agency has also downgraded the Long-Term National Scale rating to C(bra) from BB-(bra). See...