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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
In a note dated yesterday, Credit...........>
OPTIONS: In a note dated yesterday, Credit Agricole make the case for buying 6m
currency volatility. CA write that while Summer months tend to be associated
with lower FX vols, tensions between the US and China continue to simmer and
they see these tensions escalating in the coming months. As a result, Credit
Agricole watch for signs of risk aversion beyond the likely tranquil June and
July months.
- They see the upcoming November Presidential election as a growing political
risk that could boost 6m FX vols, which historically repeats across previous
Presidential elections. A second COVID-19 wave and a disorderly Brexit
settlement are also tail risks for renewed volatility.
- CA cite all 6M G10 FX vols bar EUR/CHF as looking cheap relative to their own
history and realised vol, with 3M3M AUD/USD and USD/CAD forward vols looking
relatively cheap.
- In the short-term, CA see NOK gamma as looking cheap due to the cost of 1W
straddles trading at a significant discount relative to the recent average daily
FX spot range.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.