FxWirePro: Capitalize on USD/JPY shrinking vols and abrupt rallies to deploy short leg in PRBS on hedging grounds

Mar 22, 2018 07:08 am UTC| Research & Analysis Central Banks Insights & Views

The Fed unsurprisingly delivered the sixth rate hike in the current cycle. The target range for the federal funds rate is now at 1.50%-1.75%. Considering the recent hawkish turn in Fed communications, markets were more...

RBNZ monetary policy: Assessing future bias

Mar 22, 2018 05:57 am UTC| Commentary Central Banks

Reserve bank of New Zealand (RBNZ) kept monetary policy unchanged with rates at 1.75 percent. Lets see in the monetary policy, how the bias stands for future actions, The outlook for global growth continues to...

FOMC Monetary Policy March 2018: Assessing future bias from statement and projection materials

Mar 22, 2018 05:44 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC hiked interest rates by 25 basis points at yesterdays meeting. Current Federal funds rate target 150-175 basis points. Lets first assess the bias in monetary policy statement...

U.S. FOMC hikes federal funds target rate range by 25 bps

Mar 21, 2018 19:43 pm UTC| Commentary Central Banks

The U.S. Federal Open Market Committee, today, hiked its federal funds target rate range by 25 basis points to 1-1/2 to 1-3/4 percent, as widely anticipated. The FOMC statement noted that the economic outlook has...

FxWirePro: Umpteen reasons for BCB to be hawkish, handful to be dovish though – RV options trades to hedge BRL

Mar 21, 2018 12:58 pm UTC| Research & Analysis Central Banks Insights & Views

The Brazilian central bank (BCB) holds monetary policy meeting tonight and would decide on its key rate. Well, thereve been a couple of factors that prompt for a further rate cut but also reasons for a pause. Moderate...

FxWirePro: What to watch in FOMC meet ahead?

Mar 21, 2018 10:03 am UTC| Commentary Central Banks

We expect a great deal of debate among FOMC policymakers over the path of the hikes as well as whether to go three or more hikes this year or not. Since the last meeting in December, several policymakers like Loretta...

RBNZ not likely to change monetary policy at today's meeting

Mar 21, 2018 09:48 am UTC| Commentary Central Banks

Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy at 20:00 GMT. Over the past two years or so, RBNZ has reduced rates from 3.5 percent to 1.75 percent, which is an all-time low, however, the bank...