Currency War Series

Has ECB lost its power to reengineer Euro lower?

Jan 08, 2016 09:15 am UTC| Commentary Central Banks

Once again key determinant for Euros movement will be monetary policy divergence and for that European Central Bank (ECB) remains as key player. However ECB might have lost some of its power to reengineer Euro...

FX Hedging Strategy Series

FxWirePro: Is RBNZ easing season over? Capitalize on NZD/JPY abrupt rallies to deploy shorts in put ladder for hedging

Jan 08, 2016 07:06 am UTC| Technicals Central Banks

Reading between the lines: The RBNZ may have cut rates early in December but it also hinted the easing cycle may be over and that turned what ordinarily would be a currency negative event (a 25bps cut that was only 60%...

What to expect from RBA in February policy meeting

Jan 08, 2016 04:51 am UTC| Commentary Central Banks

Traders are shifting their attention towards RBA monetary policy meeting coming in February and making assumption either RBR cut the interest rate or not. Two major economic data for the coming days will be employment as...

Currency War Series

RBA comfort with current policy settings

Jan 07, 2016 23:19 pm UTC| Commentary Central Banks

In Australia, the domestic case for easier policy remains weak in the near-term despite signs of slower housing sector activity and weak commodity prices. Surveyed business conditions remain well above average and the...

Falling Oil prices drag Canadian dollar lower

Jan 07, 2016 21:21 pm UTC| Commentary Central Banks

Oil prices play vital role for the commodity currencies. One of them is Canadian dollar, which has reached the lowest level against the USD in over 12 years. One of the reasons for such depreciation is Bank of Canadas rate...

Currency War Series

Danish rate hike unlikely to be the first of many

Jan 07, 2016 17:55 pm UTC| Commentary Central Banks

Todays rate hike by the Danish central bank is not wholly surprising after the National Banks repeated intervention in 2015 to strengthen the krone. The National bank announced that it would raise the deposit rate from a...

Currency War Series

Will BoJ’s current asset purchase program succeed in achieving price stability target?

Jan 07, 2016 16:37 pm UTC| Commentary Central Banks

Revised data showed that Japans economy has avoided another technical recession; real GDP grew by 0.3% q/q (+1.7% y/y) in Q3, following a 0.1% q/q contraction (+0.7% y/y) in the April-June period. However, economic...