FOMC Monetary Policy September 2018: Assessing future bias from statement and projection materials

Sep 27, 2018 05:44 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC hiked interest rates by 25 basis points at yesterdays meeting. Current Federal funds rate target 200-225 basis points. Lets first assess the bias in monetary policy statement...

FxWirePro: HKD retraces more than 50% Fibos as HIBOR lower than LIBOR - Shorts in 3m USDHKD forwards, holding IRS receiver still alluring

Sep 26, 2018 14:11 pm UTC| Research & Analysis Central Banks Insights & Views

USDHKD has tumbled sharply below 21-EMAs, the bears have retraced more than 50% Fibonacci retracements of 2015 lows and 2018 highs but managed to pare the losses as currently trading at 7.8106 levels. While HKMA is...

FxWirePro: What drives peaked EMFX vols? A glimpse at global trade developments, valuations and VXY

Sep 26, 2018 13:50 pm UTC| Research & Analysis Insights & Views Central Banks

EM central banks, namely BSP and BI, are predicted to shadow FOMCs imminent hike, although the main reasons for their expected actions are currently divergent, with the former mostly addressing soaring inflation, while the...

FxWirePro: What to watch in FOMC meet ahead?

Sep 26, 2018 12:00 pm UTC| Commentary Central Banks

The U.S. Federal Reserve is in a hawkish mode. Since December 2015, the U.S. Federal Reserve has hiked rates seven times. It has hiked rates twice this year in unanimous voting and forecasted two more hikes over the...

FxWirePro: Three FX derivatives perspective – Trios to tackle low-delta, US-China trade conflict and delta-hedge ahead of FED

Sep 26, 2018 11:43 am UTC| Research & Analysis Central Banks Insights & Views

Last week ended 19thSeptember saw global inflows to both equities and bonds, underscoringmarket-watchers indifference to the ongoing US-China trade barbs.The recent headline economic-related indicators post 24thSeptember,...

Federal Reserve likely to set target rate at 2.00-2.25 pct range; new policy signals unlikely: Danske Bank

Sep 26, 2018 08:37 am UTC| Commentary Central Banks Economy

The Federal Reserve is expected to hike the target range to 2.00-2.25 percent, but not send any new policy signals, according to the latest research report from Danske Bank. With respect to Fed projections, it will most...

FxWirePro: Day of FED and RBNZ – NZD/USD valuations, projections and hedging perspectives

Sep 26, 2018 08:22 am UTC| Research & Analysis Central Banks Insights & Views

Todays prime focus is on the US FED and RBNZs monetary policy announcements. The US dollar should strengthen further if the Fed hints on further hikes this year, and that will nudge Kiwis dollar lower. While the RBNZ took...