BoE likely to join Fed and ECB in keeping policy on hold in 2019, says Rabobank

May 21, 2019 08:34 am UTC| Commentary Economy Central Banks

The Bank of England (BoE) is expected to join the Federal Reserve and the European Central Bank (ECB) is keeping the monetary policy on hold throughout this year, according to a recent report from Rabobank. Against the...

FxWirePro: AUDNZD Strangle Shorts and 3-Way Straddles Versus ITM Puts on RBA Minutes

May 21, 2019 08:00 am UTC| Research & Analysis Central Banks

The Reserve Bank of Australia (RBA) minutes of the May meeting left scope for interpretation, the RBA governor Philip Lowe was very explicit in his subsequent speech: in June the bank was going to consider the case for...

FxWirePro: Aussie declines on RBA rate cut outlook; likely to decline another 300 pips

May 21, 2019 07:26 am UTC| Commentary Central Banks

In his speech today, Reserve Bank of Australia (RBA) governor Phillip Lowe deviated from the central banks neutral stance and indicated that the central bank is currently in a watch out mode with a dovish bias. Here is the...

FxWirePro: The Day Ahead- 21st May 2019

May 21, 2019 06:42 am UTC| Commentary Central Banks

Few economic data and events scheduled for today, and all with low to medium volatility risks associated. Data released so far: New Zealand: Credit card spending up 4.5 percent y/y in April. Australia: In his...

Fed Hike aftermath Series: Hike probabilities over coming meetings

May 20, 2019 07:51 am UTC| Commentary Central Banks

FOMC followed through its promise and hiked rates four times in 2018 and forecasted two more rate hikes for 2019. Current Federal funds rate - 225-250 bps (Note, all calculations are based on data as of 13th...

Bank Indonesia likely to be patient and make its move only in the second half of this year, says ANZ Research

May 20, 2019 07:37 am UTC| Commentary Central Banks Economy

Bank Indonesia (BI) is expected to be patient and make its move only in the second half of this year, after unsurprisingly keeping its 7-day reverse repo rate unchanged at 6.00 percent at its monetary policy meeting, held...

FxWirePro: A quick glance through Aussie rates derivatives strategies on RBA cut bids

May 17, 2019 09:43 am UTC| Research & Analysis Central Banks

Following the very weak Q1 CPI release of Australia, the market has re-calibrated its RBA expectations and pushed 3yr swap rates to new record lows quicker than even we had expected under our expectation that the RBA would...