FxWirePro: Envisioning and ascertaining shrinking vol trap in EuroStoxx and Euro crosses

Oct 27, 2017 05:14 am UTC| Central Banks Research & Analysis Insights & Views

The much-awaited ECB QE recalibration exercise ultimately announced yesterday, but it contained very few surprises after a meticulous 6w build-up and ended in a virtual stalemate for FX and rates markets, with EUR crosses...

FxWirePro: Customized NZD/JPY hedging vehicles for both aggressive bears and risk-averse ahead of BoJ

Oct 27, 2017 04:25 am UTC| Central Banks Research & Analysis Insights & Views

We continue to look for a lower NZD over the coming year, as tight financial conditions, weaker growth, a housing market that has peaked and a policy rate more likely to go down than up in the next year all weigh on the...

FxWirePro: Yen specials - Short JPY against USD, EUR and CAD based on yields and valuations

Oct 26, 2017 16:29 pm UTC| Research & Analysis Central Banks Insights & Views

In this write-up, we emphasize on yen trades (especially short JPY against USD, CAD, and EUR) from the fundamental perspective. If you consider from last one-year trend, yen seems to have been losing momentum...

ECB announces reduction in policy stimulus in 2018

Oct 26, 2017 14:56 pm UTC| Commentary Central Banks

The European Central Bank stated during todays meeting that it will purchase net assets for EUR 30 billion per month as of January until September 2018 or beyond. This is consistent with median survey expectations. The...

Riksbank keeps monetary policy unchanged, revises down GDP growth and inflation outlook

Oct 26, 2017 13:57 pm UTC| Commentary Central Banks

The Riksbank kept its monetary policy on hold today as widely expected. This signifies that the repo rate continues to be at -0.50 percent and that the QE program ends at the turn of the year. But the central bank has kept...

Norges Bank keeps key interest rate on hold

Oct 26, 2017 12:38 pm UTC| Commentary Central Banks

The Norwegian central bank, Norges Bank, kept its key interest rate on hold at 0.5 percent today, as expected. Norges Bank gave no new signals during the meeting. The central bank judged developments since the last MPR in...

FxWirePro: Lira continues to trim recent gains as CBRT maintains status quo, USD/TRY knock-ins holds good to hedge tail risks

Oct 26, 2017 11:13 am UTC| Research & Analysis Central Banks Insights & Views

The lira continued to weaken from the toxic combination of: The rising US treasury yields and stronger USD Turkeys diplomatic woes surrounding the US, and The President Recep Tayyip Erdogans renewed push for lower...