FX Hedging Strategy Series

FxWirePro: BRICS FX updates part 1 - Key Drivers of Ruble, Renminbi and hedging portfolio

Oct 07, 2016 13:24 pm UTC| Central Banks Commentary

Russia: Rouble remains our preferred carry currency in BRICS or EMEA EM. Rouble should find support from high nominal and real yields relative to peers, a hawkish central bank, and relatively large current account...

FxWirePro: The latest G3 central bank and gold catalysts

Oct 07, 2016 10:35 am UTC| Central Banks Insights & Views

The last month, in the gold market, has been dominated by central bank catalysts with the ECB meeting on September 8 and BoJ and FOMC meetings nearly two weeks later on September 21. The prices in bullion bounced off...

Vital Signs Series

Mixed signals from the global economy

Oct 07, 2016 01:06 am UTC| Insights & Views Economy Central Banks

The first monetary policy statement from new RBA governor Philip Lowe, the International Monetary Fund cuts global growth forecasts and mixed signals from the global economy as the US election race runs on. It was...

FX Hedging Strategy Series

FxWirePro: Is EUR/CHF still stuck in narrow range or likely to break? Central banks should answer – FX option market still signals tepid trend

Oct 06, 2016 12:47 pm UTC| Central Banks Commentary

One victim of the easing ECB euphoria is the EURCHF exchange rate. While the euro was unable to appreciate against the dollar yesterday, it was at least able to maintain the previous days level. In contrast, EURCHF eased...

Expansionary monetary policy and robust growth to see increased inflation risks in Norway

Oct 06, 2016 12:05 pm UTC| Insights & Views Economy Central Banks

Inflation trend in Norway has accelerated since the start of the year, contrary to Norges Banks expectations. Norwegian central bank had maintained a generally pessimistic economic outlook and stuck to its expansionary...

FxWirePro: German manufacturing manages to produce upbeat factory orders; Does serene ECB imply a higher euro?

Oct 06, 2016 09:46 am UTC| Central Banks

In the euro area, we look for a recovery in German factory orders and informative minutes from the ECB September meeting. In particular, we look for hints as to why the council remained silent about its QE program end date...

FxWirePro: USD vol spread trades in Scandis – USD/SEK better over EUR/SEK owing to premiums of US elections and Riksbank easing cycle

Oct 06, 2016 08:10 am UTC| Central Banks Research & Analysis Insights & Views

EURSEK is unchanged over the past month, albeit once again the cross briefly flirted with the upper end of the six-year range at 9.60-9.70. We expect continued range-trading through until year-end and then only very...