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...
Bank of Canada monetary policy preview
May 29, 2019 12:16 pm UTC| Commentary Central Banks
Today, the Bank of Canada (BoC) is to provide further guidance in policy meet. The result of the monetary policy meeting is scheduled to be announced at 14:00 GMT. No press conference scheduled today. Current policy...

May 29, 2019 10:24 am UTC| Research & Analysis Central Banks
Bearish AUDUSD scenarios below 0.69 if: 1) the RBA cuts rates more quickly than we expect; 2) the Fed responds to firm labor market outcomes by reinvigorating the 2019 rate guidance; 3) the Financial conditions in...
FxWirePro: Activate and Uphold Short Hedges in AUD on Headwinds of RBA and Trade-War
May 29, 2019 07:52 am UTC| Research & Analysis Central Banks
We think the majority of the AUDUSD projections dont seem to have any changes from its last monetary policy meeting and we could still foresee Aussie dollar at around USD 0.66 levels by H119 on some considerable driving...

FxWirePro: Loonie’s bearish risk looms ahead of BoC, uphold optionality to trade and hedge
May 28, 2019 12:55 pm UTC| Research & Analysis Central Banks
Two central banks are the prime focus for this week as they are scheduled for their monetary policies, Bank of Canada (BoC) and Reserve Bank of Australia (RBA). Last month, the BoC formally eliminated its rate hiking...

FxWirePro: PBoC to aggressively defend 7 per USD barrier
May 28, 2019 07:37 am UTC| Commentary Central Banks
Since April, after bottoming and consolidating around 6.65 area, Chinese yuan has steadily declined around 4 percent against the USD and currently trading at 6.92 per USD. However, a ride higher would face some serious...