FX Hedging Strategy Series

FxWirePro: Mexican peso gives up momentum in recent rallies despite Banxico’s 50 bps hikes - Uphold USD/MXN longs with smart hedge

Nov 18, 2016 10:04 am UTC| Central Banks Research & Analysis

After 3-4 days of bearish streaks in USDMXN, bulls have resumed again in its major bull trend, spiked from the lows of 20.1265 levels to the current 20.6205 levels, rallies continued after Mexican central banks monetary...

Central Banking Series

Central Banking Series

Central Banking Series

ECB’s easing to continue as inflation remains below target

Nov 18, 2016 09:49 am UTC| Commentary Central Banks

European Central Bank (ECB) is very much likely to continue with its accommodative monetary policies according to European Central Banks (ECB) president Mario Draghi. According to Mr. Draghis speech in Frankfurt, the...

Turkish lira weakens despite CBT increasing USD supply in market

Nov 18, 2016 09:40 am UTC| Commentary Central Banks

Yesterday, the Turkish lira depreciated against the USD again to a new low even as the Central Bank of Turkey attempted to stem the tide by raising USD supply in the market. Regular FX auctions were used by the previous...

FX Hedging Strategy Series

FxWirePro: How long does SNB carry monotonous tone? Option portfolios for Swiss Franc Crosses

Nov 18, 2016 09:23 am UTC| Central Banks Commentary

SNB bashing seems to be more monotonous for now. If the current SNB policy is not sustainable from a fundamental point of view an efficient market should enforce a change. That may be painful in short term, but long term...

Central Banking Series

Central Banking Series

Central Banking Series

Bank Negara likely to maintain rates in the upcoming policy meeting on better-than-expected Q3 GDP

Nov 18, 2016 09:22 am UTC| Commentary Central Banks

Bank Negara Malaysia (BNM) is expected to maintain its benchmark overnight policy rate at 3.00 percent in the upcoming policy meeting scheduled to be held in December, also the last such meeting this year, following...

Central Banking Series

Central Banking Series

Central Banking Series

Yellen’s testimony to be supportive of dollar ahead, says Scotiabank

Nov 18, 2016 06:34 am UTC| Commentary Economy Central Banks

U.S. Fed Chair Janet Yellens testimony on the U.S. economy to the Joint Economic Committee yesterday set the stage for a rate hike in December, noted Scotiabank in a research report. The Fed Funds Futures shows possibility...

Central Banking Series

Central Banking Series

Central Banking Series

Janet Yellen to stay full term, Fed likely to hike in December

Nov 18, 2016 05:42 am UTC| Commentary Economy Central Banks

There are two major takeaways from Federal Reserve chair Janet Yellens testimony before ajoint congressional committee on economic affairs; one she is here to stay, at least till her term ends and secondly, Fed is very...