FxWirePro: Damocles sword hanging over Mexican peso, FEC offers hedging mechanism
Mar 14, 2017 13:10 pm UTC| Central Banks Insights & Views
The recent US rhetoric has eased some NAFTA anxiety. Comments from US Treasury Secretary Mnuchin and Commence Secretary Ross have eased some of the anxiety that had built around the NAFTA renegotiation, a Damocles sword...
FxWirePro: Cable still seems fragile - Mounting hedging sentiments move in sync with driving forces
Mar 14, 2017 12:52 pm UTC| Central Banks Research & Analysis
Cable is the most over-valued G10 currency versus the dollar (refer above chart). Indeed, cable is more expensive versus 2Y rate spreads than at any point in the last five years. Fair-value currently languishes at 1.15,...
FxWirePro: Bank of Japan meeting preview
Mar 14, 2017 12:31 pm UTC| Insights & Views Central Banks
The Bank of Japan (BoJ) is scheduled to hold a 2-day monetary policy meeting on March 15-16 and is set to announce its decision on Thursday. BOJ would want to see a clear uptrend in consumer prices and importantly, an...
FxWirePro: Discover high yielders and steepners in EUR Swaps after ECB
Mar 14, 2017 11:57 am UTC| Central Banks Insights & Views
Following last weeks shift in Fed rhetoric, this weeks ECB meeting saw a lower emphasis on its forward guidance. Indeed, Draghi referred to it as an expectation, rather than a commitment, and subsequent press reports left...
Mar 14, 2017 07:29 am UTC| Central Banks Research & Analysis Insights & Views
We have received two surprises to reduce downside risks to USDJPY. One is from politics and the other is from the macro side: With respect to politics, we had expected that FX and trade issues would have been...
FxWirePro: Politics and macros to engulf USD/JPY
Mar 14, 2017 07:10 am UTC| Central Banks Insights & Views
On the macro side, with thechorus of hawkish commentary by the Fed officials, the market has priced in a March hike immediately. Given that, widening U.S.-Japan yield spreads have brought USDJPY higher and the pair is now...
BoJ likely to stand pat, keep short and long-term targets unchanged: DBS Research
Mar 14, 2017 05:46 am UTC| Commentary Central Banks
The Bank of Japan (BoJ) is expected to stand pat this Thursday, keeping the short-term and long-term rate targets unchanged at -0.1 and zero percent respectively. This is against the backdrop that the United States Federal...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects