RBNZ likely to adopt further 25bp rate cut in November, says ANZ Research

Aug 07, 2019 09:55 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand (RBNZ) cut the Overnight Cash Rate (OCR) by 50bp to 1.00 percent today, surprising everyone, with no analysts expecting such a large move; however, ANZ Research continues to expect a further...

FxWirePro: Kiwis Still Fragile Ahead of RBNZ – NZD FX Derivatives Trades Recommendations

Aug 06, 2019 11:20 am UTC| Research & Analysis Central Banks

RBNZ has traditionally been somewhat more sensitive to global developments. A rate cut is already essentially fully priced for next week, and expectations increasingly seem to be for a dovish outcome. The combination of...

FxWirePro: AUD/USD Projections, OTC Outlook, and Options Strategy Ahead RBA Monetary Policy

Aug 05, 2019 10:16 am UTC| Research & Analysis Central Banks

AUDUSD having tumbled from 0.7200 mid-April to the high 0.68s mid-May as soft Australian data and RBA rhetoric pointed to a minimum of 2 cash rate cuts, AUDUSD price action has been a lot more mixed in recent...

FxWirePro: Bearish Antipodeans Ahead of RBA and RBNZ Monetary Policies - Hold Shorts in AUDCHF via Spot and NZDJPY Put Spread

Aug 05, 2019 10:02 am UTC| Research & Analysis Central Banks

AUDUSD having tumbled from 0.7200 mid-April to the high 0.68s mid-May as soft Australian data and RBA rhetoric pointed to a minimum of 2 cash rate cuts, AUDUSD price action has been a lot more mixed in recent weeks....

Fed likely to deliver more insurance rate cuts to sustain record-long U.S. expansion amid escalated trade tensions, says Scotiabank

Aug 05, 2019 08:26 am UTC| Commentary Central Banks Economy

The Federal Reserve is expected to deliver more insurance rate cuts to sustain the record-long expansion in the US economy amid escalated U.S.-China trade tensions, which could weigh on the dollar versus its major rivals...

FxWirePro: Derivatives & Vols Perspectives For G10 FX-Bloc Amid Monetary Policy Season

Aug 01, 2019 14:37 pm UTC| Research & Analysis Central Banks

The USD still appears to be robust, on a broader perspective, it is gaining traction against all of the majors among G10 FX-bloc and testing fresh highs vs both the EUR (highest since May 2017) and GBP (highest since...

FxWirePro: Sterling Still Looks Vulnerable Ahead of BoE and Brexit deal – Bid 3m GBP/USD Skews, RRs and Deploy ‘Debit Put Spreads’

Aug 01, 2019 11:02 am UTC| Research & Analysis Central Banks

The moves in Sterling at the beginning of the week give a good illustration of what might be to come if the UK really was to leave the EU without a deal. And they illustrate once again to what extent the BoEs hands are...