Banxico likely to stay mute at its forthcoming meeting
Feb 01, 2016 11:56 am UTC| Commentary Central Banks
In Mexico, ongoing growth acceleration along with the pass-through from currency depreciation in tradable goods prices suggest further tightening of the current economic situation as well as inflation. Despite downward...
Why BOJ’s negative rate, not really a negative rate?
Feb 01, 2016 11:21 am UTC| Commentary Central Banks
Bank of Japans (BOJ) negative rate is more symbolic and theoretical than actual realty. While, we, at FxWirePro, joined bandwagon of analysts and news service providers on Friday, highlighting Bank of Japans (BOJ) first...
USD/JPY likely to appreciate further on BoJ’s stance
Feb 01, 2016 11:20 am UTC| Commentary Central Banks
The Bank of Japan in its January meeting surprised the markets by adopting negative interest rates under the newly introduced Quantitative and Qualitative Easing program which cut the interest rate on current account...
Brazil’s Inflation rate likely to stay above BCB’s target this year
Feb 01, 2016 10:48 am UTC| Commentary
Brazils January inflation is expected to moderate to 10.20 percent yoy (0.81% mom) from Decembers 10.67 percent, even after witnessing an increase in the mid-month inflation report. This expected decline of 0.47pp would...
Nikkei rally fades with courtesy to China
Feb 01, 2016 10:34 am UTC| Commentary
Nikkeis move is inducing fear in the minds of market participants that Bank of Japans (BOJ) negative rates may not be enough to calm markets. After BOJ move, Nikkei turned out as the best performing major index, last week...
PBoC weakens Yuan after six days of strengthening as BOJ weighs
Feb 01, 2016 10:18 am UTC| Commentary Central Banks
Peoples Bank of China (PBoC) weakened Yuan, after six consecutive days of strengthening, which has been longest since October, just before International Monetary Fund (IMF), reviewed Yuan to be included in SDR...
PBoC likely to cut the policy rate by 25bps in Q1
Feb 01, 2016 09:58 am UTC| Commentary
Chinas manufacturing and services PMI declined in January, although marginally as compared to Decembers print. Electricity production and crude steel output were seen weak in January, suggesting deleveraging process going...