FxWirePro: Where does EUR/USD head towards amid ECB’s tightening and Fed’s hiking cycle

Oct 22, 2018 08:16 am UTC| Research & Analysis Insights & Views Central Banks

The current price action in the euro remains choppy but essentially range-bound. The trade-weighted index gained 2.5% in the month to mid-September on what seemed like a re-think of the euros exposure to Turkey, but then...

Fed Hike aftermath Series: Hike probabilities over coming meetings

Oct 22, 2018 06:11 am UTC| Commentary Central Banks

FOMC increased interest rates in March, June and in September. Increased its forecast from three rate hikes in 2018 to four rate hikes. September decision was unanimous. Current Federal funds rate - 200-225 bps (Note, all...

ECB’s October policy meeting unlikely to bring new policy signals to table, says Danske Bank

Oct 22, 2018 06:08 am UTC| Commentary Economy Central Banks

The European Central Bank (ECB) is not expected to deliver any new policy signals to the table at its monetary policy meeting, scheduled to be held on October 25 by 11:45GMT, according to the latest research report from...

FxWirePro: The Day Ahead- 22nd October 2018

Oct 22, 2018 05:43 am UTC| Commentary Central Banks

Few economic data and events scheduled for today, and all with low to medium volatility risks associated. Data released so far: Japan: All industry activity index up 0.5 percent in...

Bank of Korea keeps interest rate on hold, likely to hike by 25 bps in November

Oct 18, 2018 11:54 am UTC| Commentary Central Banks

The South Korean central bank stood pat during its monetary policy meeting today. The Bank of Korea kept the Base Rate at 1.50 percent. The central banks policy statement shows that there was no real sense of urgency to...

Argentina bets 60 percent interest rates – and $50B international bailout – will revive its economy

Oct 17, 2018 22:34 pm UTC| Insights & Views Economy Central Banks

An economy in recession. Pesos fleeing the country. The worst drought in decades. The worlds highest interest rates. The biggest bailout in the history of the International Monetary Fund. Sound scary? For Argentina,...

FxWirePro: USD/TRY diagonal put option spreads for hedging ahead of CBRT

Oct 16, 2018 14:21 pm UTC| Research & Analysis Insights & Views Central Banks

It is quite surprising that the lira not rallying at all on Friday following the release of Pastor Andrew Brunson. In our preview of the court case, we had anticipated USDTRY to fall even as far as 5.50 in the event of a...