Banxico likely to keep overnight rate on hold on Thursday

Sep 28, 2016 11:35 am UTC| Commentary

The Bank of Mexico, during its policy review meeting tomorrow, is expected to keep the overnight rate on hold; however, the upside risk is high, according to Societe Generale. The recent growth indicators and the detail of...

EUR/HUF likely to move upwards towards 315.00 by Q1 2017

Sep 28, 2016 11:33 am UTC| Commentary

The Hungarian forint has become more stable after the central bank firmly ruled out additional easing of monetary policy for now. The general EM risk rally has also assisted in moving several exchange rates to totally...

Worrisome Signs Series

Worrisome Sings Series: Low rates erode banks’ profitability and rises pension deficit

Sep 28, 2016 11:01 am UTC| Commentary Economy Central Banks

The debate about the cost and benefits of low rates has started heating up. Central bankers like Mario Draghi, Janet Yellen speak in favor of low rates arguing that they have brought stability and without them, the world...

FX Hedging Strategy Series

FxWirePro: SNB chairman defends negative rate policy – Option portfolios for Swiss franc

Sep 28, 2016 10:37 am UTC| Central Banks Commentary

The positive flow position for CHF is enhanced by an ongoing re-appraisal of the SNBs interest rate policy. Negative interest rates can work in a small economy is what the chairman of a Swiss national bank said...

French consumer confidence remains unchanged in Sep, at par with expectations

Sep 28, 2016 10:33 am UTC| Commentary Economy

Consumer confidence in France remained stable during the month of September, remaining at par with what markets had initially anticipated. French consumer confidence index held steady at 97. The score remained below its...

FX Hedging Strategy Series

FxWirePro: Swedish Krona among Scandis underperforming despite economy seems prosperous – Hedge SEK’s further depreciating risks

Sep 28, 2016 10:22 am UTC| Central Banks Commentary

Apart from Sterling the Swedish krona has recorded one of the weakest performances amongst the G10 currencies this year. That is particularly interesting as the Swedish economy is growing at a comparatively high...

U.S. personal income seems to have moderated in August

Sep 28, 2016 10:18 am UTC| Commentary

In July, the U.S. personal income had risen sharply by 0.4 percent, owing mainly to a huge increase in average hourly earnings and solid job gains. However, that pace is expected to have moderated in August. According to a...