ECB may extend time limit of asset purchase program during September meeting

Aug 19, 2016 12:00 pm UTC| Commentary Central Banks

The European Central Bank is keeping a close watch on the possible effect of the Brexit vote, which according to the ECB has raised risks on the downside to the euro zone economy. The central bank is also worried about...

What does SNB have to infer about choppy range of EUR/CHF

Aug 19, 2016 11:45 am UTC| Central Banks Commentary

What do the SNBs ongoing interventions mean? They prove that the current EURCHF exchange rates are not equilibrium market rates. The pair has been oscillating between the range of 1.1199 on north and 1.0732 on...

Brazilian Central Bank’s upcoming intervention decision to determine real's strength

Aug 19, 2016 11:06 am UTC| Commentary

The Brazilian real is the best performing emerging market currency year to date against the US dollar. It might have appreciated more if the Central Bank of Brazil had not intervened. Stimulated by growing sentiment that...

FX Hedging Strategy Series

FxWirePro: EUR/CHF 2W IVs favours option writers – Sideways lure strangle shorts with assured yields

Aug 19, 2016 10:59 am UTC| Commentary

At current spot at 1.0928, the pair has been oscillating between the range of 1.1199 on north and 1.0732 on thesouth. While OTC markets also predict the choppy range to prolong further as you can probably make out from the...

Euro area economy likely to continue expanding at moderate pace in H2

Aug 19, 2016 10:18 am UTC| Commentary

The euro area economy is likely to keep growing at a moderate pace in the second half of 2016. The currency blocs GDP grew 0.3 percent in sequential terms in the second quarter, a slowdown from first quarters solid...

India’s 2016 growth likely to be driven by private consumption, public spending

Aug 19, 2016 10:18 am UTC| Commentary

Indias growth this year is likely to be primarily driven by private consumption and to a lesser extent public spending, while private sector activity is yet to recover. Investment spending fell 1.9 percent y/y in 1Q16,...

UK gilts trade modestly lower on stronger retail sales

Aug 19, 2016 10:02 am UTC| Commentary

The UK gilts traded modestly lower on Friday after data showed that countrys retail sales jumped higher than expected in July. Also, firmer crude oil prices drove out investors from safe-haven buying. The yield on the...