Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Wall Street Analysts Weigh in on Latest NFP Data 
Fed’s Williams Signals One More Rate Hike Before Year-End 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Navigating the Crypto Pulse: Weekly Market Resilience and Institutional Inflows 
Gold's Tug-of-War: Geopolitical De-escalation Fights Falling Yields as Markets Eye US CPI 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
XRP Price Drops 3% Despite Ripple-Backed Evernorth Nasdaq Debut 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
Add as a preferred source on Google
Our RBNZ outlook (on hold throughout 2018) is anchoring short-maturity interest rates and should keep 2yr swap rates in a 2.10% to 2.50% range, as long as inflation remains below 2%.
While we pair EUR vs NZD to neutralize the risk to EURUSD from a further repricing of the Fed. The RBNZ is an unlikely candidate to signal tighter policy as the slowdown in migration intensifies the downturn in housing and argues against a policy response to upside inflation risks from minimum wage increase etc. The 3m window KO halves the premium compared to a digital call.
In Sweden, the prospects of a policy pivot were delayed not derailed this year. EURSEK is currently overshooting cyclicals by over 4% the most since 2010. The rebound in inflation to 2.0% in November reduces the risk of the central bank extending QE again next week (this was 0.3% ppt higher than the Riksbank's estimate), although it could still push back the lift-off point for rates by a quarter to 3Q’18 in order to better align itself with the ECB’s extension of QE through September.
Long a 9m 1.80 EURNZD digital call with a 3m 1.80 window KO. Paid 17.5%. Marked at 19.04%.
Currency Strength Index: FxWirePro's hourly EUR spot index has shown 78 (which is bullish), while hourly NZD spot index was at 62 (bearish), USD at 56 (bullish) while articulating at 07:05 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit:
