FxWirePro: Lira Vulnerable On Turkish Macroeconomic Factors - Bid 2m USD/TRY Skews And Hedging Setup
Jan 02, 2020 12:58 pm UTC| Research & Analysis
Turkish GDP expanded 0.40% in the third quarter of 2019 over the previous quarter. And the annual inflation rate increased to 10.56% in November 2019 from a near three-year low of 8.55% in the previous month, and...
A Run Through on EM-Asia FX Outlook and Derivatives For H1 2020
Dec 31, 2019 14:06 pm UTC| Research & Analysis
Strong directional views around the USD/Asia outlook were generally absent, but there is a slight skew for pro-risk trades to start 2020. Short USDCNH appears to be a widely held consensus view (as well as position) for a...
FxWirePro: Low IV Environment Despite Monetary Policy Season – Deploy USD/CHF Butterfly Spread
Dec 09, 2019 11:53 am UTC| Research & Analysis Central Banks
This week is likely to be dominated by the central bank decisions due this week. FOMC on Wednesday, ECB and SNB on Thursday. However, low IV environment still persists in the FX markets. It is not only because any of...
Jul 27, 2018 10:29 am UTC| Research & Analysis Central Banks
The pound sterling should not suffer too much. An interest rate hike by the Bank of England (BoE) next week is now the consensus opinion in the market. And so the fundamental difference between BoE interest rate policy and...
Jul 26, 2018 12:36 pm UTC| Research & Analysis Central Banks Insights & Views
The Polish zloty has staged an impressive recovery over the past fortnight, strengthening from a low of 4.40 against the euro in early July to near 4.2870 at present (while articulating). Polish policymakers have commented...
FxWirePro: An option structure for Scandinavian - SEK ATM vol multi-year high vs G10 vols
Jul 26, 2018 11:10 am UTC| Research & Analysis Central Banks Insights & Views
The Swedish central bank held its benchmark interest rate at -0.5 pct on July 3rd, as widely expected, saying monetary policy needs to continue to be expansionary for inflation to remain close to target despite strong...
Jul 26, 2018 08:08 am UTC| Research & Analysis Central Banks
The monetary policy announcement at the ECB is the most notable event today. As nothing meaningful is expected from Draghi, the price rallies of EURUSD have halted at neckline and oscillate between the mid-points of the...