Jul 27, 2016 12:35 pm UTC| Research & Analysis Insights & Views Central Banks
The GBP versus a few major G10 currencies on Wednesday, despite upbeat Q2 GDP numbers, as the investors seem to have remained cautious ahead of the Feds monetary policy statement due later in the day and the Bank of...
Sterling against few majors shrugs off growth, Does BoE factor in Q2 GDP for rate cuts?
Jul 27, 2016 12:14 pm UTC| Insights & Views Central Banks
GBP crosses seem to have neglected the British GDP data which is better than expected, actual 0.6% versus forecasts at 0.5% and previous 0.4%. GBP versus a few major G10 currencies are losing after better than expected...
Don’t expect much fireworks from FOMC today
Jul 27, 2016 08:34 am UTC| Commentary Economy Central Banks
Dont expect much from FOMC today. As a matter of fact, we at FxWirePro, wont be surprised if the committee keeps the most parts of the previous statement intact other than adding some Brexit concerns to it. However, there...
Jul 26, 2016 11:35 am UTC| Research & Analysis Insights & Views Central Banks
By the end of 2016, we expect USD/CNY to be testing 7.0 due to a mix of cyclical USD strength as well as domestic factors. FX intervention cannot continue indefinitely. The orderly, low vol depreciation of the RMB has...
US Fed likely to keep cautious policy stance; but risk skewed towards more hawkish Fed
Jul 26, 2016 11:28 am UTC| Commentary Central Banks
The FOMC (Federal Open Market Commitee), at its upcoming meeting on Wednesday, is likely to keep the federal funds target on hold. According to a Danske Bank research note, the FOMC will keep the federal funds target range...
Risk aversion and Aso comments push Yen higher ahead of BoJ meeting on Friday
Jul 26, 2016 09:20 am UTC| Commentary Central Banks
The Japanese yen has started strengthening ahead of the monetary policy meeting of Bank of Japan (BoJ) on Friday riding on risk aversion triggered by a drop in oil price. The speculation is quite high that the central bank...
Jul 26, 2016 09:18 am UTC| Central Banks Insights & Views
BoJ likely will ease next week, using all existing tools, while the government may release the outline of its fiscal package. The major currencies have slumped to the multi-month lows against yen and it is also deemed...
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