Janet Yellen’s testimony: what to watch out for?
Feb 10, 2016 13:06 pm UTC| Commentary Central Banks
With FED chair Janet Yellen ahead, market has now moved to a consolidation phase, and volatility awaits to return after her testimony and through question-answer session. It is expected to begin at 15:00 GMT. Lot of...
ECB, BoJ likely to weaken currency further
Feb 10, 2016 10:23 am UTC| Commentary Central Banks
Investors are driven towards safe haven assets as stock markets continue to slump, with oil price hovering towards its lows. The EUR and the JPY are seen benefiting amid global growth turbulence.EUR/USD touched a three...
RBI Deputy Governor: Massive Disruption Is Possible Based On The Technology Using Blockchain
Feb 10, 2016 10:13 am UTC| Digital Currency Central Banks
Along with major banks and tech companies increasingly taking interest in blockchain and distributed ledger technologies, government authorities and agencies are also looking at the technology to explore relevant use...
Markets await Fed Chair’s testimony for cues on March meeting
Feb 10, 2016 09:28 am UTC| Commentary Central Banks
With several Asian markets closed and markets focus on Yellens testimony, overnight markets remained moderately stable. USD/JPY continues to hover at 15-month low of 114.21 hit on Tuesday, while the commodity currencies...
Outflow of Fx reserves continues, and so does PBoC's dilemma
Feb 09, 2016 14:33 pm UTC| Commentary Central Banks
Despite the impressive $ 3.2 trillion PBoCs FX holdings, the speed at which the PBoC once again lost FX reserves in January is quite alarming. Since top levels reached in the summer of 2014, 19% of the PBoCs reserves have...
Feb 09, 2016 12:52 pm UTC| Commentary Central Banks
Although the ZAR oscillated within a range of 15.77-16.43/USD range from last week, it went into the weekend largely unchanged on the week at 15.85/USD. The ZAR initially weakened during the first half of the week in...
Markets now focus on Fed’s Yellen for further cues
Feb 09, 2016 12:23 pm UTC| Commentary Central Banks
The Fed is in a comfortable position to weaken its currency much more effectively as compared to the ECB. Even though the central bank is widely expected to raise interest rates, the fear among the markets that the Fed...
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