Solid PMI readings for September suggest neutral policy stance from BOE

Oct 05, 2016 10:31 am UTC| Insights & Views Central Banks Economy

Markit/CIPS composite PMI rises to 53.7 in September from 53.2 in August. UK service sector continued to recover from Julys EU referendum-induced shock, however, the rate of expansion slowed. Septembers services PMI saw...

FxWirePro: EUR/CNH bearish bets on Brexit, U.S. election uncertainty intensifies

Oct 05, 2016 09:13 am UTC| Central Banks Insights & Views

A rise in capital outflows would likely to drive further Chinese offshore currency depreciation. We hold the bias that the PBoC would let further weakness in CNY after the September G20 summit, as a policy reaction to the...

ECB taper rumor rattles markets

Oct 05, 2016 08:39 am UTC| Commentary Economy Central Banks

Yesterday the Eurozone bond market and the bullion got rattled big time on the rumor that the European Central Bank (ECB) might be considering a taper after the bond buying program gets concluded in March. After all, the...

FxWirePro: EUR/CNH bearish bets on Brexit, U.S. election uncertainty intensifies

Oct 05, 2016 07:39 am UTC| Insights & Views Central Banks

In our recent write on Chinese currency regime, we have already stated that 2016 year-end forecast of USDCNY at 6.85 is firmly upheld. The prospects of a Fed hike before year-end and a rise in capital outflows would likely...

FX Hedging Strategy Series

FxWirePro: Central banks in APAC stimulate AUD/NZD bullish sentiments and holders of option straps in lurk for conducive IVs

Oct 05, 2016 07:16 am UTC| Central Banks Commentary

The AUD has enjoyed support from commodity prices plus the RBA sounding comfortable about Australias outlook as the central bank maintained status quo in its recent monetary policy (cash rates unchanged at 1.50%). An...

Denmark’s FX reserve unchanged in September, key policy rate likely to stay on hold for longer time

Oct 05, 2016 04:53 am UTC| Commentary Central Banks

Danish central bank, Danmarks Nationalbank (DN) yesterday published FX reserve and central bank balance sheet for September. Denmarks FX reserve for September remained unchanged from August at DKK 450 billion. The central...

FxWirePro: RBI delivers easing again with 25 bps anticipating unlikely rise in inflation, expect momentary impact on FX as INR trades with mixed bag

Oct 04, 2016 13:31 pm UTC| Central Banks

The six-member panel of RBI MPC, after series of brainstorming sessions over two days, unanimously decided to cut its key lendingthe repo rateby 25 basis points to 6.25 percent, as a newly set up panel felt that inflation...