FxWirePro: USD/TRY 1m forwards and IV skews signal still bullish risks - Hedge Turkish lira on uncertainty between CBRT and Erdogan’s commentaries

Jul 12, 2018 12:43 pm UTC| Research & Analysis Central Banks

The moment of truth will strike for the Lira on 24th July. Because then the next interest rate decision of the central bank is due. The Central Bank of Republic of Turkey raised its benchmark interest rate by 125bps to...

Bank of Canada delivers 25 bps hike amid trade tensions, high probability for another rise in October

Jul 12, 2018 11:22 am UTC| Insights & Views Central Banks

The Bank of Canada (BoC) raised its benchmark policy rate to 1.5 percent, up from 1.25 percent on Wednesday as widely expected. It was the fourth rate increase in the last 12 months. After having cut rates aggressively...

BOC monetary policy decision: Assessing future bias

Jul 12, 2018 06:40 am UTC| Commentary Central Banks

Bank of Canada (BOC) at yesterdays meeting increased interest rates by 25 basis points after hiking thrice since last year. With yesterdays rise, overnight rate is now at 1.50 percent, bank rate at 1.75 percent, and the...

FxWirePro: The Day Ahead- 12th July 2018

Jul 12, 2018 04:33 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectation declined to 3.9 percent in...

Bank of Canada hikes key monetary policy rate to 1.50 pct

Jul 11, 2018 18:45 pm UTC| Commentary Central Banks

The Canadian central bank, Bank of Canada hiked its key monetary policy rate to 1.50 percent today, the fourth hike in 2018. The central bank, in its statement, explained that the BoC struck a neutral to slightly hawkish...

FxWirePro: Scandis trade perspectives - Execute seagull strategy to stay long in NOK/SEK

Jul 11, 2018 12:50 pm UTC| Research & Analysis Central Banks

In order to find value in being long NOKSEK, the execution of seagull strategy is advised. The trading stance is motivated not just by cheap NOK valuations, but predominantly driven by the relative central bank reaction...

Bank Negara Malaysia keeps policy rate on hold, likely to maintain neutral tone for rest of 2018

Jul 11, 2018 12:42 pm UTC| Commentary Central Banks

Malaysian central bank, Bank Negara Malaysia kept its overnight policy rate on hold at 3.25 percent. The policy statement took note of the likely repercussions of an additional intensification in global trade tensions and...