EFTA01474597Set 10
2015-09-117p1,354w
Subject: Re: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders
divergence [I]
From: jeffrey E. <jeevacation@gmail.com>
Date: Fri, 11 Sep 2015 06:42:53 -0400
To: Paul Morris ... Eastern Standard Time
To: Paul Morris; Richard Kahn
Subject: Fwd: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders
divergence [I]
???? what is he suggesting?
Forwarded messa e
From ... Sabba
Date: Fri, Sep 11, 2015 at 3:26 AM
Subject: Re: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders
divergence [I]
To: "jeevacation@gmail.com" <jeevacation@gmail.com>
Classification: For Internal
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01474597.pdf
EFTA01474587Set 10
2015-09-116p1,243w
Subject: RE: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders
divergence [I]
From: Paul Morris
Date: Fri, 11 Sep 2015 06:20:17 -0400
To: jeffrey E. <jeevacation@gmail.com ... Eastern Standard Time
To: Paul Morris; Richard Kahn
Subject: Fwd: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders
divergence [I]
???? what is he suggesting?
Forwarded
From: Daniel Sabba ... Date: Fri, Sep 11, 2015 at 3:26 AM
Subject: Re: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders
divergence [I]
To: "jeevacation@gmail.com" <jeevacation@gmail.com>
Classification: For Internal
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01474587.pdf
EFTA02489955Set 11
2015-09-1110p1,014w
From: Daniel Sabba
To: leevacationagmail.cont" leevacation@gmail.com>
Subject:Re: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders divergence [I]
Sent: Friday, September 11, 2015 1:26:56 AM
ATT00003.onq ... Thursday, September 10, 2015 04:21 AM
To: Daniel Sabba
Subject: Re: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders divergence [I]
speak later today ... BANK AG, LO) [mailto:
Sent: Wednesday, September 09, 2015 10:09 AM
Subject: Gautam:EMEA FX Chartpack: high yielders vs. low yielders divergence
Given the volatile price action
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02489955.pdf
EFTA02489139Set 11
2015-09-109p774w
From: Daniel Sabba
To: leevacationQgmail.com ieevacahon@gmail.com>
Subject: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders divergence (II
Sent: Thursday, September 10, 2015 2:48:19 AM
ATT00001.onq
ATT00002.pnq ... DEUTSCHE BANK AG, LO)
Sent: Wednesday, September 09, 2015 10:09 AM
Subject: Gautam:EMEA FX Chartpack: high yielders vs. low yielders divergence
Given the volatile price action ... also evident in the chart below, which indicates that the average
correlation between the EMEA fx currencies (USD crosses) has come down sharply in the past
few months.
EFTA
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02489139.pdf
EFTA02489338Set 11
2015-09-104p871w
Thursday, September 10, 2015 8:22 AM
To: Daniel Sabba
Subject: Re: Fw: Gautam:EMEA FX Chartpack: high yielders vs. low yielders divergence [I]
speak later today ... href=
target="_blank"
Sent: Wednesday, September 09, 2015 10:09 AM
Subject: Gautam:EMEA FX Chartpack: high yielders vs. low yielders di=ergence
Given the volatile price action ... evident in the chart be=ow, which indicates that the average correlation between the
EMEA fx curre=cies (USD crosses) has come down sharply in the past few months.
Best
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02489338.pdf
EFTA01464418Set 10
2013-05-1660p12,430w
Reality Check
There are a number of sub-plots and potential themes
currently in EMEA FX, but rather than impacting
significantly on price action, they seem to have ... Meanwhile global disinflation is complicating the policy
outlook in much of the rest of EMEA FX. In Israel,
Poland and Turkey output gaps are largely non-existent,
with domestic credit
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01464418.pdf
EFTA00610276Set 9
2014-01-0926p14,709w
dances, TRY trips
Go long PLN and HUF, buoyed by competitive (Average correlation within EMEA FX (daily changes)
REERs and proximity to strong German demand,
and stay short ... buffer and where external deficits require
further adjustment to restore competitiveness 0.7 -
0.6 -
Aggregated EMEA FX correlation (3m rolling correlation
of daily changes) have dropped to levels only seen once
https://www.justice.gov/epstein/files/DataSet%209/EFTA00610276.pdf