Apr 24, 2017 13:08 pm UTC| Research & Analysis Insights & Views
It is about more than the barrels. Although the fundamental impact is very important, the real significance of the agreement is that Saudi Arabia and OPEC have returned to active market management. This is what put a...
Apr 17, 2017 10:33 am UTC| Research & Analysis Insights & Views
The South African economy still faces persistent headwinds. We forecast a growth rate of only 0.8% for 2017. In 2018, growth should not come in significantly higher; we see it at 1.5%. However, the focus is currently on...
FxWirePro: Insights on MAS’s SGD NEER implications – USD/SGD low IV yielder via debit put spreads
Apr 12, 2017 13:52 pm UTC| Central Banks Research & Analysis Insights & Views
The instrument of monetary policy in Singapore is the nominal effective exchange rate (NEER) rather than a market interest rate. This is because of the small and open nature of the economy with free capital movement. The...
FxWirePro: Prolific EUR call flies - Leaping European recovery via FX options
Apr 11, 2017 13:09 pm UTC| Research & Analysis Insights & Views
The European recovery theme has become increasingly mainstream in recent weeks as continued Euro-area growth out-performance intersects with moderating political risks. Last week, we opened an outright long EUR/USD...
Apr 11, 2017 10:01 am UTC| Research & Analysis Insights & Views
As the delta risk reversals of euro crosses (except EURGBP) have again shown in bearish interests as the progressive increase in negative numbers signify the traction for hedging sentiments for further downside risks in...
FxWirePro: The driving forces that engulf euro crosses and OTC updates
Apr 11, 2017 09:39 am UTC| Insights & Views
A fog of uncertainty reigns. Those expecting a shake-up by a maverick Trump administration on various policy fronts have been disappointed. The likelihood of huge deficit-financed fiscal stimuli is fading, while many are...
Apr 10, 2017 12:33 pm UTC| Central Banks Research & Analysis Insights & Views
Ongoing data surprises mean forecast upgrades forthcoming in next weeks Monetary Policy Report. The data flow from Canada, similar to what has been seen globally, has surprised almost persistently since last September...