FxWirePro: FX/rates trades revisit and reassessment as Trump clatters geopolitics again
May 31, 2019 12:18 pm UTC| Research & Analysis Central Banks
President Trump has rattled FX and rates markets by surprisingly turning his attention back onto Mexico, placing 5% tariffs on imports, which will rise to 25% in October unless illegal immigration stops. The US...
FxWirePro: BoK maintains status quo policy sensing no need for cuts - Vol spreads to hedge KRW
May 31, 2019 11:44 am UTC| Research & Analysis Central Banks
The Bank of Korea (BoK) left rates unchanged at 1.75% as expected. There was no revision to the overall growth outlook which was revised down to 2.5% for 2019 last month. However, BoK once again highlighted the downside...
May 31, 2019 10:15 am UTC| Commentary Central Banks Economy
The Reserve Bank of Australia (RBA) is expected to adopt a rate cut at its upcoming monetary policy meeting scheduled to be held next week, according to the latest report from ANZ Research. The market will be shocked if...

FxWirePro: Options Strategies to Trade and Hedge Antipodeans Ahead of RBA
May 31, 2019 09:17 am UTC| Research & Analysis Central Banks
The major driving forces of the pair, at this juncture, are RBA vs RBNZ rate outlooks, and the US-China trade relations. The near-term gyrations in the latter are unpredictable. RBA is scheduled for their monetary policy...
May 31, 2019 06:55 am UTC| Commentary Central Banks Economy
The Reserve Bank of India (RBI) is expected to use the current low rate of headline inflation as justification for a third consecutive rate cut at the conclusion of its policy meeting on Thursday, June 6, according to the...
FxWirePro: Deploy ‘debit call spreads’ to hedge USD/RUB
May 30, 2019 13:31 pm UTC| Research & Analysis Central Banks
We remain MW RUB in the GBI-EM Model portfolio, but are bearishly biased, holding USDRUB call spreads. YTD the ruble has been the strongest performer in EM FX, with a spot around +7.2% stronger against USD. However, in...
May 29, 2019 17:32 pm UTC| Commentary Central Banks
The Bank of Canada stood pat today, keeping its overnight interest rate at 1.75 percent. The central banks statement came with the decision had a business as usual tone, implying that there continues to be impetus to move...