FxWirePro: The Day Ahead- 6th March 2019

Mar 06, 2019 04:50 am UTC| Commentary Central Banks

Not many economic data and events scheduled for today, and all with medium volatility risks associated. Upcoming: Australia: Q4 GDP grew 0.2 percent q/q, up 2.3 percent y/y from a year ago....

RBA monetary policy: Assessing future bias

Mar 05, 2019 15:41 pm UTC| Commentary Central Banks

Reserve Bank of Australia (RBA) chose to keep the interest rate unchanged at 1.5 percent at todays policy meeting. Lets look at the details of the policy announcement to assess the bias of RBA. Key highlights...

FxWirePro: Take a look at US Treasury yields and rates strategies

Mar 05, 2019 14:02 pm UTC| Research & Analysis Central Banks

Quite a few FX analysts expected the Federal Reserve to hike rates than what was priced in by investors, leading to a higher expected path for short term rates over the coming 10 years. The US Treasury yields have risen...

ECB unlikely to adopt any changes to forward guidance on interest rates, downgrade GDP forecasts: Wells Fargo

Mar 05, 2019 13:28 pm UTC| Commentary Central Banks Economy

The European Central Bank (ECB) is not expected to adopt any changes to forward guidance on interest rates but will probably downgrade its GDP and CPI forecasts at its monetary policy announcement on Thursday, according to...

Bank Negara Malaysia keeps Overnight Policy Rate on hold, strong hints at rate cut in future

Mar 05, 2019 12:15 pm UTC| Commentary Central Banks

The Malaysian central bank kept policy unchanged today, as expected. The Overnight Policy Rate was kept the same at 3.25 percent. However, the BNMs Monetary Policy Statement introduced working that strongly implies that...

FxWirePro: A Glimpse at CAD Crosses and Optionality Ahead of elusive BoC

Mar 05, 2019 10:19 am UTC| Research & Analysis Central Banks

Canadian central bank (Bank of Canada, BoC) is scheduled for their monetary policy meeting on 6th March. We expect theBoCto hold rates steady at its March meeting, but the statement is likely to maintain a bias that rates...

FxWirePro: Bidding 3m/1m USD/CAD Skews Appears Attractive For ‘Diagonal Call Spreads’ on Loonie’s Softness Ahead of BoC

Mar 05, 2019 08:25 am UTC| Research & Analysis Central Banks

We would like to activate USDCAD longs via options structure to position for USMCA ratification and monetary policy risks. The CAD is soft, down modestly against the USD while underperforming most of the G10 currencies as...