FX Hedging Strategy Series

FxWirePro: More bearish rout on cards for NZD/USD during Christmas – OTC hedging tools, option strategies and risk reward profile

Nov 25, 2016 06:29 am UTC| Central Banks Research & Analysis

We target 0.6812 levels (i.e. 23.6% Fibonacci retracements from the highs of 0.7485 levels) which is sensible based on an assumption the Fed will hike in Dec and the further hiking cycle in 2017 is also on the cards, while...

FxWirePro: AUD/NZD bulls in intermediated trend rebuild positive momentum, major trend drives in non-directional, upswings implied by interest rate

Nov 25, 2016 05:30 am UTC| Technicals Central Banks

The bulls break resistances of 1.0493, likely to make equidistance upmove (2.39%) upon breach above support of 1.0588. The current prices spike above DMAs, capture dips to add longs. RSIs upward convergence signals...

Central Banking Series

SARB keeps policy rate unchanged in wake of heightened global uncertainty

Nov 25, 2016 05:20 am UTC| Central Banks Economy

The South African Reserve Bank (SARB) remained on hold at the monetary policy meeting held Thursday, underlining weak domestic currency amid heightened risks from global uncertainty. Also, inflation remained below the...

FX Hedging Strategy Series

FxWirePro: CBRT surprises with repo rate to add pressure on lira – 1m HY IVs to stimulate call spreads

Nov 25, 2016 04:35 am UTC| Central Banks Research & Analysis

The Central Bank of Turkey raised its benchmark one-week repo rate by a higher-than-expected 50bps to 8 pct on November 24th and its overnight lending rate by 25 bps to 8.5 pct, while it held its borrowing rate at 7.25...

FX Hedging Strategy Series

FxWirePro: Should NZD/USD be hedged for bearish risks? A fairly assessment of Kiwis upbeat trade balance flashes, road map ahead for RBNZ and NZD

Nov 25, 2016 02:44 am UTC| Central Banks Commentary

The US dollar index rose to a fresh 14-year high early London but then retraced to be unchanged on the day. The Kiwis trade balance for October was -$846m which is better than anticipated, with a stronger than projected...

FX Hedging Strategy Series

FxWirePro: SARB stays pat captivating all into account (especially noticing unemployment claims and inflation) – Use USD/ZAR DCS for hedging

Nov 25, 2016 01:16 am UTC| Central Banks Research & Analysis

The most recent South African economic data was not exactly constructive: the unemployment rate rose to over 27% in Q3 and the inflation rate also rose to 6.4% in October. That means it has eased only slightly against its...

Central Banking Series

ECB's policy unlikely to affect CNB’s decision to exit EUR/CZK floor - Gov Jiri Rusnok

Nov 24, 2016 15:35 pm UTC| Commentary Central Banks

Czech National Bank governor Jiri Rusnok in an unexpected turn of events announced yesterday that the European Central Banks (ECB) eventual extension of bond-buying programme may not affect Czech National Banks (CNB)...