FxWirePro: Where would Aussie dollar likely to head towards in H2’2017 ahead of RBA statements?

Jun 30, 2017 08:57 am UTC| Central Banks Insights & Views

For AUDUSD, the impressive rise since May persists, and has a decent chance of pushing above 0.7700 during the next day or two. From a central bank perspective, the RBA is scheduled to deliver its monetary policy...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Bullard questions Fed’s ‘going alone’ hike path

Jun 30, 2017 08:05 am UTC| Commentary Central Banks

St. Louis Fed President James Bullard, speaking on the sidelines of an event in London said that it was disconcerting that the market-based measures of inflation have actually fallen despite the central bank increased...

FX Hedging Strategy Series

FxWirePro: Cost-effective optionality structure to arrest a RUB correction

Jun 29, 2017 12:43 pm UTC| Research & Analysis Central Banks Insights & Views

The CBR remains s dovish. We expect the measured pace of rate cuts beginning in June. May CPI at 4.1% oya surprised on the upside and is marginally above the inflation target of 4.0%. As our base case, JPM forecasts the...

Central Banking Series

FxWirePro: CNB maintains status quo as uncertainty lingering from ECB – Use Forwards derivatives for hedging

Jun 29, 2017 12:23 pm UTC| Central Banks Insights & Views

The Czech National Bank held its two-week repo rate at a record low of 0.05 pct, to keep its benchmark rate on hold today but the CB sends out a more dovish signal as widely expected. The discount rate and the Lombard...

FxWirePro: Fetch positive carry from shorting USD/CNH FX swap, when to protect upside risks via USD ATM call option and when to prefer NDFs

Jun 29, 2017 11:30 am UTC| Central Banks Research & Analysis Insights & Views

Economic activity continues to come in line with expectations and Chinese growth has stabilized.  Going deeper into the year, however, we see Chinese demand sequentially declining, thus putting pressure on industrial...

FxWirePro: Hawkish comments pushes pound to test previous peak

Jun 29, 2017 08:22 am UTC| Commentary Central Banks

The British pound jumped against the dollar and other key trading counterparts yesterday as the Bank of England (BoE) governor Mark Carney suggested that stimulus withdrawal may prove to be necessary, speaking at the...

FxWirePro: Central banks’ indications in APAC, swap yields and other derivatives trades of antipodean currencies

Jun 29, 2017 06:40 am UTC| Central Banks Research & Analysis Insights & Views

From a central bank perspective, the RBA continues to keep the faith in the 3% growth story for Australia. In its most recent communication, the RBA acknowledged the likely softness in 1Q GDP but refrained from reading too...