Central Banking Series

What to expect from ECB ahead?

Dec 08, 2016 12:11 pm UTC| Commentary Central Banks

Today, European Central Bank (ECB) is to provide further guidance in policy meeting. The result to be announced at 12:45 GMT, followed by apress conference at 13:30 GMT. Meeting is to be held in Frankfurt. Current...

Upward trend in Hungarian inflation likely to keep MNB on hold, EUR-HUF to rise steadily through 2017

Dec 08, 2016 12:08 pm UTC| Insights & Views Economy Central Banks

Hungarys inflation outlook is far more benign than in past years. The central bank (MNB) lowered its projections significantly through 2016. The 2016 headline inflation forecast was lowered from 1.7 percent to 0.5 percent...

Central Banking Series

National Bank of Poland springs no surprises, remains on hold as expected

Dec 08, 2016 10:44 am UTC| Commentary Central Banks Economy

The National Bank of Poland remained on hold, as per market expectations, throwing no surprise bursts at all. According to NBP Governor Glapinski, the current economic deceleration had been anticipated, but improved...

FxWirePro: RBI delivers what markets unexpected but bidders’ sentiment for USD/INR NDF shorts never stops

Dec 08, 2016 09:17 am UTC| Central Banks Insights & Views

The Reserve Bank of India unexpectedly left its benchmark repo rate unchanged at a six-year low of 6.25 pct during the meeting held on December 7th despite wide expectations of a rate cut, following a severe cash crisis....

FX Hedging Strategy Series

FxWirePro: EUR/JPY - Buy the trend and sell the ECB news via bear calendar spread with reduced cost

Dec 08, 2016 09:00 am UTC| Central Banks Research & Analysis

As stated in our recent technical write up, EURJPY bulls manage to break out above major resistances of 113.946, 116.250, 121.526, Current upswings consistently well above DMAs and sustain above these levels would take us...

FX Hedging Strategy Series

Mixed bag euro hedging sentiments as Draghi to weigh Italian referendum impact on QE

Dec 08, 2016 07:45 am UTC| Central Banks Commentary

The political uncertainty is dominant in theeuro area, ECB President Mario Draghi said in an interview with El Pais published last week. So far weve seen that in the short-term the response to these uncertainties has been...

Bank of Canada stands pat, likely to remain on hold through end of 2018

Dec 08, 2016 06:10 am UTC| Commentary Central Banks

On Wednesday, the Canadian central bank, Bank of Canada, maintained its main policy interest rate at 0.5 percent. The central bank indicated towards bolstering global economic conditions; but counterbalanced this against...