Japanese yen may continue to appreciate against USD unless BoJ takes effective measures

Jul 14, 2016 13:03 pm UTC| Commentary Central Banks

At present, the foreign exchange market is uncertain if the Bank of Japan is willing and capable of effectively loosening its monetary policy in a notable manner, noted Commerzbank in a research report. Unless the Japanese...

BoE keeps bank rate and size of asset purchase program unchanged; hints at easing policy in August

Jul 14, 2016 12:00 pm UTC| Commentary Central Banks

The UKs central bank, Bank of England, unexpectedly, maintained the bank rate at record low level of 0.5 percent on Thursday. It also kept the asset purchase programme unchanged at GBP 375 billion. However, the BoE has...

BoE plays wait and watch

Jul 14, 2016 11:23 am UTC| Commentary Central Banks

The Bank of England (BoE) has kept rates on hold and has also refrained from raising the stimulus package. While it came as a surprise to many, we at FxWirePro werent shocked. Governor Carney has already said that August...

What’s coming from the Bank of England today?

Jul 14, 2016 10:33 am UTC| Commentary Central Banks

Probably nothing. Not because of the fact that the bank isnt prepared to action or the UK economy doesnt need support, it is because of the simple reason that it is too early. It is too early to judge what kind of...

FX Hedging Strategy Series

FxWirePro: GBP/CHF debit gamma spreads for risk averse amid BoE interest rate decision

Jul 14, 2016 09:12 am UTC| Insights & Views Central Banks

The market participants are quite certain that the Bank of England (BoE) will lower its key rate by 25bp today. That is not a new realisation. The market held the same view a week ago. We have nonetheless seen a slight...

Bank of Canada maintains policy rate at 0.5 pct; revises down growth projections

Jul 14, 2016 06:14 am UTC| Commentary Central Banks

The Bank of Canada, on Wednesday, maintained its key policy rate at 0.5 percent. Meanwhile, the central bank has lowered the economic growth projection, reflecting the effects of Alberta wildfires, Brexit and weakness in...

Bank of Korea keeps benchmark rate unchanged; lowers growth and inflation outlook

Jul 14, 2016 05:35 am UTC| Commentary Central Banks

The Bank of Korea, on Thursday, kept its base rate on hold at a record low of 1.25 percent, as widely expected by the markets. The monetary policy board projects that the global economy will continue with its weak recovery...