Danmarks Nationalbank cuts interest rate on certificates of deposit to -0.75 pct

Sep 12, 2019 18:08 pm UTC| Commentary Central Banks

Danish central bank, Danmarks Nationalbank today cut the interest rate on certificates of deposit to -0.75 percent. It kept the current account rate and the lending rate on hold at 0.00 percent and 0.05 percent,...

Central Bank of Turkey cuts one-week repo rate by 325 bps to 16.50 pct

Sep 12, 2019 13:54 pm UTC| Commentary Central Banks

The Central Bank of Turkey cut its one-week repo rate for the second straight time today. The central bank lowered the rate by 325 basis points to 16.50 percent. Todays rate cut might seem dovish on the surface, but the...

BNM keeps interest rate unchanged at 3 pct, likely to stand pat in November

Sep 12, 2019 11:51 am UTC| Commentary Central Banks

Bank Negara Malaysia kept its Overnight Policy Rate (OPR) on hold at 3 percent today, as was widely anticipated. The policy statement reads as more bearish on the growth outlook, especially on the global front. The...

FxWirePro: EUR/NZD bullish/bearish scenarios and hedging perspectives ahead of ECB

Sep 12, 2019 08:51 am UTC| Research & Analysis Central Banks

Bearish EURNZD Scenarios: 1) ECB goes all-in with rates cuts, tiering and QE. 2) Trump proceeds with tariffs on Euro car imports. 3) A no-deal Brexit. 4) Kiwis fiscal easing is accelerated; 5) Housing begins...

FxWirePro: A Glimpse at US Treasuries and Rates Derivatives Trade Tips

Sep 11, 2019 13:34 pm UTC| Research & Analysis Central Banks

We are starting to see signs of pushback on overly dovish central bank expectations after global bond yields hit record lows in early September.While US-China trade tensions continue to wax and wane, with the latest...

There's an obvious reason wages aren't growing, but you won't hear it from Treasury or the Reserve Bank

Sep 10, 2019 20:39 pm UTC| Insights & Views Central Banks

Wages growth for Australian workers is among the worst in the industrialised world. For more than a third of workers on individual contracts, wages arent growing at all. This is odd, given Australia is in a record 28th...

FxWirePro: Bullish/Bearish Scenarios, OTC Updates of EUR/JPY and Hedging Strategies Ahead of ECB

Sep 10, 2019 10:21 am UTC| Research & Analysis Central Banks

Bullish EURJPY Scenarios: 1) Euroarea economy rebounds to a sustained 1.5%+ growth rate. 2) A US-China peace treaty on trade. 3) 3) A re-acceleration of CB demand for EUR. 4) The momentum in JPY selling flows...