Hungarian central bank lowers overnight lending rate, ready to further ease monetary conditions

Oct 26, 2016 06:17 am UTC| Commentary Central Banks

During its Monetary Policy Committee meeting yesterday, the Hungarian central bank cut its overnight lending rate by 10 basis points and also lowered bank RRR by half. The lowering of bank RRR was a surprise move. The MNBs...

Renminbi Series

PBOC's Dep Gov seeks to calm markets, says no basis for continuous Yuan depreciation

Oct 25, 2016 15:40 pm UTC| Commentary Central Banks

In the past two weeks, the CNY has lost nearly 1.5 percent against the USD, while the offshore CNH has weakened slightly less by 1 percent. In the two weeks since the 10 October, the dollar index has gained 1.8 percent and...

FX Hedging Strategy Series

FxWirePro: Mounting expectations of RBNZ’s OCR cuts to stimulate Kiwi dollar turbulence

Oct 25, 2016 13:36 pm UTC| Central Banks Commentary

Ahead of RBNZs monetary policy meeting that is scheduled next week, the market pricing for a November OCR cut has been stable during the past two weeks at around 80% (currently 86%). Q3 CPI data was unsurprising to RBNZ...

FX Hedging Strategy Series

FxWirePro: Are you lured by yen crosses’ post-BoJ event risk premium? Why don’t you eye on exorbitant EUR/JPY gammas?

Oct 25, 2016 12:44 pm UTC| Central Banks Commentary

The BoJ governor Kuroda hinted at adelay of timing to reach 2% inflation beyond the end of his term in April 2018. With growth remaining above trend, the BoJ likely would maintain status quo at its November 1 policy...

German out-performance would complicate ECB policy making

Oct 25, 2016 12:09 pm UTC| Insights & Views Economy Central Banks

Germanys economic performance has been the driving force of the euro areas recovery so far, and upbeat business confidence in October suggests that the German economy is on track for more robust growth. Brexit vote had...

FX Hedging Strategy Series

FxWirePro: Speculating EUR/USD’s non-directional trend via iron condors in tepid IVs

Oct 25, 2016 11:35 am UTC| Central Banks Research & Analysis

The euro was little changed yesterday, despite the hawkish Fed rhetoric, after stronger-than-expected October PMI data and comments from ECB Governing Council member Hansson that all aspects of the QE programme needed...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: How likely is November hike from Fed?

Oct 25, 2016 11:31 am UTC| Commentary Central Banks

The rate hike odds for 2016 have reached a five-month high yesterday at 70 percent and all the economists surveyed by Bloomberg believe that Fed will hike once this year. However, opinions are divided over the next two...