RBNZ likely to hold policy rate steady for foreseeable future, OCR hikes in 2017 seem premature

Jan 26, 2017 05:24 am UTC| Economy Commentary Central Banks

The Reserve Bank of New Zealand (RBNZ) is expected to hold its first monetary policy meeting of 2017 on February 9. It is widely expected to maintain its officialcash rate (OCR) at a historic low of 1.75 percent amid...

FxWirePro: The Day Ahead- 26th January 2017

Jan 26, 2017 05:02 am UTC| Commentary Economy Central Banks

Not many economic data and events scheduled for today and all with low to medium volatility risks associated. Upcoming: Germany: GFK consumer confidence number for February will be released at 7:00 GMT, followed...

FX Hedging Strategy Series

FxWirePro: SARB inaction in benchmark but shift in forecasts – lingering headwinds indicate USD/ZAR upside risks and IVs conducive for option spreads

Jan 25, 2017 12:28 pm UTC| Research & Analysis Insights & Views Central Banks

In the recent unanimous decision of South African central bank (SARB), benchmark rateisunchanged at 7% as had universally been projected. However, the SARB increased its projections and now only expects the overall rate to...

Central Banking Series

BoJ likely to hold interest rate steady

Jan 25, 2017 12:18 pm UTC| Insights & Views Central Banks Economy

Japan on Wednesday reported its first annual trade surplus since 2011 Fukushima nuclear disaster. Data released by the Ministry of Finance on Wednesday showed that Japan posted a 4.07 trillion yen ($35.8 billion) annual...

FX Hedging Strategy Series

FxWirePro: AUD/JPY calendar spreads seem right hedging vehicle amid BoJ, RBA monetary policy stances and JGB apprehensions

Jan 25, 2017 11:13 am UTC| Central Banks Research & Analysis Insights & Views

The two main risks to our bearish AUD view are that 1) The currency is dragged higher in a more sustained re-rating of the global growth outlook, and that 2) The better global news and some signs of housing...

SARB keeps key rate on hold at 7 pct, expects inflation to reach target corridor by 2017-end

Jan 25, 2017 09:28 am UTC| Commentary Central Banks

As expected, the South African Reserve Bank kept its key rate unchanged during its meeting yesterday. The committee unanimously decided to leave the interest rate at 7 percent. But the central bank did raise its projection...

FX Hedging Strategy Series

FxWirePro: Further EUR downside potential but not faster than JPY, EUR/JPY downtrend likely to ease

Jan 25, 2017 07:52 am UTC| Research & Analysis Central Banks

The massive dollar uptrend is peaking with the massive repricing of yields triggered by the December Fed meeting. The FX space is now in consolidation mode, and the recent FOMC minutes were either neutral or slightly...