RBA monetary policy: Assessing future bias

Apr 04, 2017 13:15 pm UTC| Commentary Central Banks

Reserve Bank of Australia (RBA) chose to keep the interest rate steady at 1.5 percent. Lets look at the details of policy announcement to assess the bias of RBA. Key highlights RBA notes that the global...

Kuroda Stands and Delivers: Yen fortifies in FxWirePro’s currency index, Derivatives trades of EUR/JPY

Apr 04, 2017 12:19 pm UTC| Central Banks Research & Analysis Insights & Views

EURJPY demonstrates the highest beta to Euro-turmoil for the obvious reason that both legs of the cross pull in the same direction during stress. The GFC period is deliberately excluded from the analysis assuming that a...

FxWirePro: A glimpse on EONIA derivatives on ECB dovish rhetoric

Apr 04, 2017 11:01 am UTC| Central Banks Research & Analysis Insights & Views

The ECB rhetoric has reduced expectation of an early ECB lift off but the EONIA market is still pricing 10bp of tightening by Jun18. We acknowledge the risk of earlier lift-off relative to our baseline scenario. Close...

FxWirePro: BoC’s dovish stance keeps CAD growth at stake – Reverse knock outs EUR/CAD put flies

Apr 04, 2017 07:36 am UTC| Central Banks Research & Analysis Insights & Views

Along similar lines of EURUSD, we also like EUR call/CAD put flies. The macro view on CAD is negative on a mix of BoC dovishness, sensitivity to NAFTA renegotiation talk which is likely to re-enter headlines over the...

FxWirePro: The Day Ahead- 4th April 2017

Apr 04, 2017 05:56 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: Australia: Trade balance for February came at 3.574 billion. RBA kept interest rates...

Central Banking Series

RBI likely to remain on hold, to introduce new monetary policy tool to drain excess liquidity: Scotiabank

Apr 04, 2017 05:50 am UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) is expected to remain on hold at the monetary policy meeting, scheduled to be held on April 6, while introducing a new policy tool to drain excess liquidity. The central is likely to retain...

Reserve Bank of Australia to hold fire, official cash rate to be kept unchanged at 1.5 pct

Apr 03, 2017 12:03 pm UTC| Insights & Views Central Banks

The Reserve Bank of Australia (RBA) will continue to remain on hold at Tuesdays board meeting where the official cash rate will remain parked at 1.5 percent. Future markets have priced in only a 2 percent chance of a cut...