FxWirePro: What Drives Swiss Franc Appreciation? Uphold USD/CHF Shorts
Aug 17, 2020 08:55 am UTC| Research & Analysis Central Banks Insights & Views
USDCHF has served us well as a proxy EURUSD long. But this is far from being the only reason to hold a CHF long. The chart demonstrates EURCHF that is now nearly seven cents too low given the surge in EURUSD, an undershoot...
FxWirePro: Spotlight On Mexican Central Bank, Banxico’s Rate Cut On Cards & USD/MXN Options Trades
Aug 13, 2020 13:03 pm UTC| Research & Analysis Central Banks Insights & Views
Mexicos central bank, Banxico, is expected to cut its key interest rate for the fifth consecutive time today to support the economic recovery after the pandemic-related slump. Like the consensus, we expect a further large...
FxWirePro: USD/RUB Drivers, Projections & Trade Updates
Aug 12, 2020 13:52 pm UTC| Research & Analysis Central Banks Insights & Views
The Russian rouble had weakened earlier in the spring, driven jointly by a collapse of the oil price and collapse of world economic activity. But when both these factors stabilised, the currency was able to rally...
FxWirePro: Dollar Seems Apprehensive On Fed’s Concerns, Short USD/CHF
Aug 12, 2020 10:17 am UTC| Research & Analysis Central Banks Insights & Views
Negotiations on a new economic stimulus package in the USA are still at an impasse. Since Friday there are said to have been no more direct talks between Democrats and Republicans. The markets and the Dollar are still...
Aug 12, 2020 07:11 am UTC| Research & Analysis Central Banks Insights & Views
The Kiwis central bank (RBNZ) left the stance of monetary policy broadly unchanged today, as widely anticipated. The RBNZs headline was that a further easing in monetary policy has been delivered. But it is further only in...
FxWirePro: Deploy ‘Diagonal Put Spreads’ To Hedge NZD/JPY Ahead of RBNZ
Aug 11, 2020 08:07 am UTC| Research & Analysis Central Banks Insights & Views
This week, RBNZs monetary policy is scheduled, although it is unlikely to be dramatic for markets, since net economic developments since May are roughly neutral, the Kiwis central bank may further expand its asset purchase...
Aug 10, 2020 14:22 pm UTC| Research & Analysis Central Banks Insights & Views
The Turkish lira continued to sell-off towards the latter part of last week, although the momentum eased off as the weekend drew near. CBT and the banks regulator BDDK often make policy announcements such as RRR change or...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects