Currency War Series

All eyes on the ECB

Nov 29, 2015 21:22 pm UTC| Commentary Central Banks

Thursdays ECB meeting will be the key catalyst for EURUSD this week. A 10bp cut is expected in the depo rate and a time extension of QE. However, recent ECB comments coupled with the still unimpressive euro area inflation...

Expectations mount for Draghi’s big stimulus package

Nov 27, 2015 17:30 pm UTC| Commentary Central Banks

With ECB President Draghi only last week noting that we will do what we must to raise inflation, expectations are widespread for a multi-faceted easing. This is likely to include a 20bp deposit rate cut, and both a larger...

ECB Preview: ECB to fulfil the high expectations

Nov 27, 2015 16:11 pm UTC| Commentary Central Banks

On the back of the dovish stance at the ECB meeting in October, economists expect the ECB to deliver an aggressive package of monetary easing measures in December. Specifically, economists expect ECB to cut the deposit...

QE program may dominate ECB's meeting

Nov 27, 2015 13:08 pm UTC| Commentary Central Banks

Sentiment indicator of EU Commission is released today and remain steady for November at 106.10. This indicator draws markets attentions as it will have a significant impact on the ECBs next week decision. ECBs...

Renminbi Series

PBoC improves engagement with ECB to smoothen Renminbi internationalization

Nov 27, 2015 11:21 am UTC| Commentary Central Banks

China is moving with a rapid pace to internationalize its currency Yuan and make it more accessible and acceptable to world community. Yesterday, in its official website Peoples Bank of China (PBoC) announced its...

Currency War Series

PBoC terminates some onshore commercial banks' cross border lending, CNH liquidity tightens

Nov 27, 2015 08:45 am UTC| Commentary Central Banks

USD/CNH one year swap points rose 1900pips today, over 1500pips last week. There is liquidity tightening seen in the offshore market. This is because of Further weakness expected in CNH by the market, lowering the...

Currency War Series

Central banks rate decisions outlook for 2016

Nov 27, 2015 06:52 am UTC| Commentary Central Banks

As highly anticipated by the markets, US Federal Reserve will start its hiking cycle next month on its December 16 meeting, while ECB will likely ease further in its December meeting. US Fed may start rising rates this...