FxWirePro: Spotlight on Brazilian lira and macros ahead of BCB monetary policy
Dec 11, 2019 15:30 pm UTC| Research & Analysis Central Banks
At its last monetary policy meeting this year, the Brazilian central bank should cut its key interest rate by a further 50 bp to 4.5%. This was announced quite clearly in the statement of its last meeting at the end of...
Dec 11, 2019 12:17 pm UTC| Research & Analysis Digital Currency Insights & Views Central Banks
Quite a few analysts rumoured that the Chinese government is planning to accumulate Bitcoin, and others expecting a wave of new investment into Chinese blockchain companies. The blockchain technology deployment in China...

Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat
Dec 11, 2019 03:57 am UTC| Insights & Views Central Banks Economy
Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters. One of his legacies, as you may have read in the many obituaries published since his death, is taming the runaway...
FxWirePro: Intricacies of JPY on Monetary and Fiscal Terms – USD/JPY Trades Perspectives
Dec 10, 2019 12:20 pm UTC| Research & Analysis Central Banks
The announcement of a comprehensive fiscal package on the part of the Japanese government left the JPY exchange rates reasonably unimpressed last week. That is likely to be due to the fact that there is significant doubt...

FxWirePro: USD/JPY OTC Updates, Implied Valuation And Options Trade Recommendation Ahead of Fed
Dec 10, 2019 11:03 am UTC| Research & Analysis Central Banks
The short-term implied valuations of USDJPY point to further downside bias, but the floor at 108.40/50 remains firm. Expect more downside momentum to build if that level is breached, but note a lack of drivers for the pair...

FxWirePro: Low IV Environment Despite Monetary Policy Season – Deploy USD/CHF Butterfly Spread
Dec 09, 2019 11:53 am UTC| Research & Analysis Central Banks
This week is likely to be dominated by the central bank decisions due this week. FOMC on Wednesday, ECB and SNB on Thursday. However, low IV environment still persists in the FX markets. It is not only because any of...

FxWirePro: Glimpse At Low Vols Regime And EUR/USD Options Trades Ahead of Monetary Policy Season
Dec 09, 2019 10:28 am UTC| Research & Analysis Central Banks
The positive US data on Friday (Bureau of Labor Statistics report and University of Michigan consumer poll) ended the move in EURUSD into the area above 1.11. levels. It is unable to remain above 1.11 nor below 1.10 - that...