BoC and BoJ maintain status quo, FxWirePro upholds ‘Option Strips’ for CADJPY trading and hedging

Mar 09, 2018 06:42 am UTC| Research & Analysis Central Banks Technicals Insights & Views

Canadian and Japanese central banks have maintained status quo in their monetary policies this week. The Bank of Canada held its overnight rate at 1.25% on March 7th 2018, following a 25bps hike in the previous meeting,...

BoC and BoJ maintain status quo, FxWirePro upholds ‘Option Strips’ for CADJPY trading and hedging

Mar 09, 2018 06:42 am UTC| Research & Analysis Central Banks Technicals Insights & Views

Canadian and Japanese central banks have maintained status quo in their monetary policies this week. The Bank of Canada held its overnight rate at 1.25% on March 7th 2018, following a 25bps hike in the previous meeting,...

European Central Bank removes easing bias, but may taper bond purchases to zero by end-2018

Mar 08, 2018 19:10 pm UTC| Commentary Central Banks

The Governing Council of European Central Bank unanimously removed its explicit easing bias today on its net bond purchases, providing a further signal that they are drawing nearer to a close. The easing bias had stated...

FxWirePro: Do Chinese FX reserves and exports pose trade war threats? FX derivatives to hedge EUR/CNH ahead of ECB

Mar 08, 2018 12:45 pm UTC| Research & Analysis Central Banks Insights & Views

Chinas FX reserves declined by USD27bn in February, the first monthly drop since January 2017. Interestingly, the market does not see this as a reflection of capital outflows, because of two reasons: the currency was...

FxWirePro Call Review: 10-year bund short reaches interim target and beyond

Mar 08, 2018 12:25 pm UTC| Commentary Central Banks

In October 2016, we urged our readers to go short in 10-year bund, at the breakout of 162.5 with an initial target of 160 area and subsequent longer-term target of 153. The article is available here,...

FxWirePro Call Review: 10-year bund short reaches interim target and beyond

Mar 08, 2018 12:25 pm UTC| Commentary Central Banks

In October 2016, we urged our readers to go short in 10-year bund, at the breakout of 162.5 with an initial target of 160 area and subsequent longer-term target of 153. The article is available here,...

FxWirePro: Bid 1m risk reversals and IV skews to hedge USD/EUR/CHF ahead of Swiss and European central bank

Mar 08, 2018 11:55 am UTC| Research & Analysis Central Banks Insights & Views

So what is happening with the euro? There has been relatively little news on the European currency over the past weeks. This is partially due to the fact that the FX market is currently focussing on the protectionist...