FOMC Monetary Policy December 2017: Assessing future bias from statement and projection materials

Dec 14, 2017 07:19 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 125-150 basis points. Lets first assess the bias in monetary policy statement...

FxWirePro: SNB unlikely to make policy changes today

Dec 14, 2017 05:10 am UTC| Commentary Central Banks

Swiss National Bank (SNB) will announce interest rate decision at 8:30 GMT today and it is highly likely that the central bank would not follow actions of its other developed market counterparts such as the Fed and the...

FxWirePro: The Day Ahead- 14th December 2017

Dec 14, 2017 04:45 am UTC| Commentary Economy Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Japan: Nikkei manufacturing PMI improves to 54.2 in November from 53.6 Australia:...

U.S. Fed hikes rate by 25 bps, rate hikes to stay gradual - Barclays

Dec 13, 2017 20:29 pm UTC| Commentary Central Banks

The FOMC hiked the target rang for the federal funds rate today by 25 basis points to 1.25-1.5 percent, widely expected by markets. The Federal Open Market Committee made just modest changes to the statement, the most...

FxWirePro: Hedge EUR/CHF via call ratio spreads on ECB’s expansionary versus SNB’s defensive monetary policy approach as rallies to prolong but in snail’s pace

Dec 13, 2017 14:13 pm UTC| Central Banks Research & Analysis Insights & Views

The Swiss National Bank (SNB) is likely to feel quite relaxed at its rate meeting tomorrow. EURCHF has now established itself above the 1.16 mark so that interventions against the franc have become unnecessary now. As a...

FxWirePro: What to watch in FOMC meet ahead?

Dec 13, 2017 11:25 am UTC| Commentary Central Banks

We expect a great deal of debate among FOMC policymakers over the path of the hike as well as whether to go for another hike this year or not. Since the last meeting in November, several policymakers openly supported a...

FxWirePro: Be sensitive with gold's sensitivity to Fed rates – Bid 6m1m combinations of IVs and RR to deploy hedging vehicle

Dec 13, 2017 10:41 am UTC| Central Banks Research & Analysis Insights & Views

We expect the Fed to hike rates by 25bps today, bringing the funds rate to 1.375%. More interesting will be the Feds dot plot, particularly the median rate outlook in 2018. In short, the dots could have a marginally dovish...