FxWirePro: What drives loonie’s vulnerability - Stay short CAD vs AUD and USD

Apr 06, 2017 12:57 pm UTC| Central Banks Insights & Views

The monetary policy divergences driving USDCAD sharply higher the past two weeks were only half surprising. To be sure, the recent sharp rise in US yields driven by hawkish Fed speech came as a surprise to markets. The...

Bank of England likely to hold rates well into 2018 and probably beyond - Rabobank

Apr 06, 2017 11:08 am UTC| Insights & Views Economy Central Banks

Despite signs of a slight slowdown, UK economic growth has held up much better than expected since the Brexit referendum. The PMIs for manufacturing, construction and services published this week suggest Britains economy...

FxWirePro: Euro slips on Draghi comments

Apr 06, 2017 09:07 am UTC| Commentary Central Banks

European Central Bank (ECB) President Mario Draghi, speaking at a press conference in Frankfurt expressed his confidence in the current monetary policy stance and laid out three points, Mr. Draghi said that the...

Fed likely to begin quantitative tightening by Q1 2018, says Danske Bank

Apr 06, 2017 06:01 am UTC| Economy Commentary Central Banks

The United States Federal Reserve is expected to begin its quantitative tightening by the first quarter of 2018 while the consensus among both primary dealers and analysts is mid-2018. The Federal Open Market Committee...

FxWirePro: The Day Ahead- 6th April 2017

Apr 06, 2017 04:36 am UTC| Commentary Economy Central Banks

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: China: Caixin services PMI declines to 52.2 in March. Upcoming: Japan:...

FxWirePro: Euro crosses trade recommendation ahead of European politics

Apr 05, 2017 13:11 pm UTC| Central Banks Insights & Views

German politics: Merkels CDU is aclear winner in Saarland election, with AfD getting only 6% of the vote. Elsewhere, Centrist Emmanuel Macron kept his position as favorite to win Frances presidential election after a...

ECB likely to maintain accommodative policy stance until at least later this year despite strong PMI data

Apr 05, 2017 12:19 pm UTC| Insights & Views Economy Central Banks

The eurozone final services and composite PMI data came below expectations. The final Markit Euro-zone PMI services sector index rose to a 70-month high of 56.0 in March, up from 55.5 in February but below the earlier...