Dec 20, 2016 12:30 pm UTC| Central Banks Research & Analysis Insights & Views
The Fed took less of a wait and see position on the effect of fiscal policy stimulus on the stance of monetary policy than we had anticipated. Fed Chair Yellen sees little need for large-scale fiscal stimulus when the...
BoC likely to wait for some time yet before normalising monetary policy
Dec 20, 2016 11:54 am UTC| Insights & Views Central Banks
The Bank of Canada (BoC) at its December policy meeting announced that it is maintaining its target for the overnight rate at 1/2 percent. The Bank Rate is correspondingly 3/4 percent and the deposit rate is 1/4 percent....
Dec 20, 2016 11:52 am UTC| Central Banks Research & Analysis
NZDJPY in next 1-2 week: The yen continues to underperform most currencies, which is unsurprising given the risk-seeking mood since the US election. NZDJPYs momentum is strong but the mid-83s is a very sticky area. The...
FxWirePro: 10-year Bund rallies post-ECB, short call remains active
Dec 20, 2016 11:03 am UTC| Commentary Central Banks
After the European Central Bank (ECB) announced fresh stimulus of 540 billion to be phased over next year, after the current purchase program expires in March 2017, the 10-year bund has reversed its recent decline...
Dec 20, 2016 11:01 am UTC| Central Banks Insights & Views
The dollar was bouncing back toward its 14-year high against a basket of major currencies on Tuesday as the yen quickly gave up some of its gains following deadly incidents in Turkey. The BoJ maintains status quo in its...
BoJ statement indirectly confirms YCC as a tool to taper
Dec 20, 2016 10:12 am UTC| Commentary Central Banks
Since the Bank of Japan (BoJ) reshaped its Qualitative and Quantitative Easing in September this year by attaching the yield curve control with it, many analysts in the financial markets including us at FxWirePro have...
Dec 20, 2016 10:00 am UTC| Central Banks Research & Analysis
The BoJ maintains status quo in its monetary policy, focusing to soothing 10Y Treasury bond yield,the benchmark for long-term borrowing costs, at around zero pct and keep the overnight interest rate around -0.1%. and asset...
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