Re: An example - Taiwan 2Q GDP -6.5%; exports fell 8.32%
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When we get the balance sheet and ISDA done, we will likely want to short some Asian currencies (unless they move much lower from here). See the Taiwan data below.
Taiwan came out with its preliminary Q2 GDP data last night and the numbers were weaker than expected. (Q2 GDP @ -6.56% pace!)
CHART ONE: GDP Contracted at a -6.56% pace in Q2. That was the worst number in almost six years.
CHART TWO: Exports for Q2 declined at a -8.32% pace. Also the worst number since the last recession.
Source: Bloomberg 14Aug2015
Shall I ask Daniel for trade ideas on shorting Asian currencies. Are you thinking about puts and calls in a 0 cost trade or selling calls or buying puts outright.
Please advise on thoughts and notional values.
Thank you.
Sent from my iPhone
Monday
Ok