FxWirePro: USD/MXN ITM calls as Mexican peso attempts

Mar 29, 2019 14:19 pm UTC| Research & Analysis Central Banks

MXN extended decline yesterday, drifting back to early March low, but attempting to recover today following recent 3.5% post-Fed decline. The Banxico (the Central Bank of Mexico) kept its benchmark interest rate at a...

FxWirePro: ‘Diagonal options straps’ to EUR/AUD on ECB’s forward guidance

Mar 28, 2019 13:42 pm UTC| Research & Analysis Central Banks

The euro received a hard blow on Friday when the weak PMI for the eurozone was published, which had slipped into recession territory for the manufacturing sector. As a result, the ESI (Eurozone Sentiment Indicator) is...

FxWirePro: Hedging Flows and Trading Ideas in US Treasuries

Mar 28, 2019 09:52 am UTC| Research & Analysis Central Banks Insights & Views

The USFederalReservehas recently given a vibrant indication that the tightening cycle is over. Quantitative tightening will also end earlier than previously expected, helping to ensure global liquidity remains...

RBNZ likely to cut OCR by 25bp in August with follow-up moves in November and February, says ANZ Research

Mar 28, 2019 09:10 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand (RBNZ) is expected to cut the Overnight Cash Rate (OCR) 25 basis points in August with follow-up moves in November and February, according to the latest report from ANZ Research. ANZ...

FxWirePro: NZ swaps and forwards trades on RBNZ’s offhand shift in policy perspective

Mar 27, 2019 13:06 pm UTC| Research & Analysis Central Banks

The Reserve Bank of New Zealand has surprised the streets by shifting to an easing bias for the OCR (kept on hold at 1.75%). The RBNZ is now saying thatthe more likely direction of the next OCR move is down.It also said...

FxWirePro: NZD sinks on RBNZ’s surprising status quo – Optimize EUR/NZD long hedges capitalizing on dips

Mar 27, 2019 10:19 am UTC| Research & Analysis Central Banks

Both minor and major trends ofEURNZDhas been in bullish amid mild hiccups in the interim trend,the pair has vigorously extended its upside potential beyond 1.6714 levels after surpassing 1.6546 levels on RBNZs monetary...

Major central banks unlikely to adopt rate hikes, market rates could drop further in short to medium-term: Nordea Research

Mar 27, 2019 09:36 am UTC| Commentary Central Banks Economy

Major central banks are not expected to adopt any rate hikes in the near-term and market rates could drop further in the short to medium-term if negative equity view plays out as expected. There still exists a large risk...