BoC likely to adopt wait-and-watch approach, says CIBC Research

Nov 23, 2017 05:52 am UTC| Commentary Central Banks Economy

The Bank of Canada (BoC) is expected to adopt a wait-and-watch approach over the near-term, according to a recent report from CIBC Research. Investors are still attaching a 40 percent probability to further monetary...

FxWirePro: Is Swedish Krona really getting cushion from Riksbank for inflation puzzles?

Nov 22, 2017 13:08 pm UTC| Central Banks Insights & Views

Over the past week the Swedish krona came under considerable pressure, but in the end, it did not achieve a sustainable break of the 10 mark in EURSEK, not least as Riksbank deputy governor Kerstin af Jochnik came to the...

FxWirePro: X-factors of European high yield flows and EUR/USD FVAs

Nov 22, 2017 10:56 am UTC| Central Banks

Over the coming months, we see a continuation of this environment. The global economy is in the midst of a synchronized upswing; ECB corporate bond purchases are continuing well into 2018, and credit fundamentals are...

FxWirePro: X-factors of European high yield flows and EUR/USD FVAs

Nov 22, 2017 10:56 am UTC| Central Banks

Over the coming months, we see a continuation of this environment. The global economy is in the midst of a synchronized upswing; ECB corporate bond purchases are continuing well into 2018, and credit fundamentals are...

FxWirePro: US rates in 2018 prompt for re-forecasting of bullion prices

Nov 22, 2017 10:50 am UTC| Central Banks

In gold, we raise slightly (+2%) our price forecast for 4Q17 and see gold averaging $1,260/oz in the last quarter, bringing the full year average to $1,254/oz. We opted to make no changes to our 2018 price forecast for...

FxWirePro: CAD/JPY option strips to hedge both bearish/bullish scenarios in major trend

Nov 22, 2017 09:13 am UTC| Central Banks Research & Analysis Insights & Views

The Bank of Canada (BoC) is likely to have taken a deep breath when it saw the October inflation data on Friday. It fell from 1.6% to 1.4% YoY. The different measures of core inflation also eased slightly and now range...

MNB keeps interest rates on hold, to introduce two unconventional instruments from January 2018

Nov 21, 2017 15:46 pm UTC| Commentary Central Banks

On Tuesday, the Hungarian central bank kept its interest rates on hold at record low levels, consistent with expectations. He MNB stated that it will be prepared to further ease monetary conditions to drive borrowing costs...