Currency War Series

Russian central bank keeps interest rate unchanged, likely to slash rates early next year

Oct 28, 2016 11:46 am UTC| Commentary Central Banks Economy

Russian central bank kept its key interest rate on hold at the monetary policy meeting held Friday, but said it might cut rates in the first or second quarter of next year. Russias central bank decided to hold its key...

Negative Rates Series

BoJ likely to keep negative interest rates, 10-year government bond yield target unchanged

Oct 28, 2016 10:49 am UTC| Insights & Views Economy Central Banks

At its two-day policy meeting which concludes Nov 1st, the Bank of Japan (BoJ) is widely expected to keep unchanged its minus 0.1 percent short-term interest rate target. In a quarterly evaluation of its forecasts also due...

FX Hedging Strategy Series

FxWirePro: Hedging vehicle for USD/SGD upside risks via option spreads ahead of series of data announcements

Oct 28, 2016 10:14 am UTC| Central Banks Commentary

This weeks Focus updates our estimates of external debt in Emerging Asia, broken into foreign bank loans to the region and foreign currency-denominated debt securities issued by Asias banks, corporates, and...

FX Hedging Strategy Series

FxWirePro: GBP/NZD bears seem ruthless even after all-time lows taking into deep tunnels – DDPS or mid-month futures to rescue FX exposures

Oct 28, 2016 09:54 am UTC| Central Banks Commentary

The discounted gloomy UK outlook both prevents a new bold depreciation and a much stronger currency. The technical picture suggests a new turbulence and bearish pressures. GBPNZD made the fresh post-float lows following...

FX Hedging Strategy Series

FxWirePro: FED and RBNZ to stimulate NZD/USD bearish sentiments – Diagonal long put ladders to mitigate downside risks

Oct 28, 2016 09:15 am UTC| Central Banks Research & Analysis Commentary

New Zealand posted a NZD 1436 million trade deficit in September of 2016, compared to a NZD 1140 million shortfall a year earlier and beyond market projections of NZD 1125 million gap. Exports dropped by 5.7 pct, led by...

FX Hedging Strategy Series

FxWirePro: Significance of NZD/USD premium-adjusted deltas to construct implied volatility smiles capitalizing 2m negatively skewed IVs

Oct 28, 2016 08:51 am UTC| Central Banks Commentary

Before we begin with this write-up, please be informed that 2m NZDUSD ATM puts are flashing deltas around -0.54. NZDUSD has been tumbling considerably offlate, dropped from the highs of 0.7485 to the current 0.7134...

FX Hedging Strategy Series

FxWirePro: Formulate NZD/JPY DPRS to monitor perplexing IVs ahead of streaks of event risks in Kiwis and Japan

Oct 28, 2016 07:17 am UTC| Central Banks Commentary

On economic data radar over next fortnight: BoJ economic outlook report, monetary policy decision and policy rates on Oct 31st. GDT price index, Kiwis unemployment rates and inflation reports are scheduled to be...