Central Bank of Turkey keeps interest rate unchanged

Oct 25, 2018 13:57 pm UTC| Commentary Central Banks

The Central Bank of Turkeys Monetary Policy Committee decided to keep the policy rate on hold today. The One week repo rate was kept unchanged at 24 percent. Data released recently indicated that rebalancing trend in the...

FxWirePro: CAD best gamma performer versus G10 peers as BoC takes breathing space with new USMCA

Oct 25, 2018 13:48 pm UTC| Research & Analysis Central Banks Insights & Views

The uncertainty about the future North American trade paradigm was damping Canadian investment in the recent past. In turn, the BoC reckoned to be restrained by NAFTA uncertainty in recent months. However, the Bank of...

Norges Bank keeps monetary policy on hold

Oct 25, 2018 13:11 pm UTC| Commentary Central Banks

The Norwegian central bank, Norges Bank, stood pat during its meeting today, as was anticipated. There was no rate path today. The main conclusion was that the outlook and the balance of risks do not seem to have altered...

FxWirePro: Evaluate GBP puts against G10 peers amid Brexit and BoE hedge

Oct 25, 2018 12:35 pm UTC| Research & Analysis Insights & Views Central Banks

Cable (GBPUSD) prices plunged below 1.2925/05, and are now consolidating around that level. While the daily momentum still suggests the move can extend towards 1.28 levels. EURGBP has, yet again, tested and failed to break...

BOC monetary policy decision: Assessing future bias

Oct 25, 2018 12:05 pm UTC| Commentary Central Banks

Bank of Canada (BOC) at yesterdays meeting raised the rates by 25 basis points (bps) to 175 bps. This is the fifth rate hikes since 2017. The overnight lending rate is at 175 bps, the bank rate is at 200 bps and the...

FxWirePro: ECB monetary policy preview

Oct 25, 2018 08:58 am UTC| Commentary Central Banks

Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 11:45 GMT, followed by a press conference at 12:30 GMT. The meeting is to be held at the ECB headquarter in...

FxWirePro: Italian risk for EUR and USMCA for CAD - Bid 2m EUR/CAD skews and deploy 3-way straddles ahead of ECB and BoC

Oct 25, 2018 07:59 am UTC| Research & Analysis Insights & Views Central Banks

ECB and BoCs monetary policy announcements have been the major data events for today and tomorrow. For BoC to be repriced by a hike as a partial catch up to the Feds level and pace, and for some temporary positive risk...