FxWirePro: Many driving forces to uphold shorts in USD/ARS via FX derivatives
Feb 03, 2017 11:57 am UTC| Central Banks Insights & Views
We encourage holding longs in ARS, short USDARS. The peso is currently trading a bit cheap to coincidental risk metrics (refer above chart), helped by soy prices, the positive real rate enforced by the Central Bank to...
Feb 03, 2017 08:27 am UTC| Commentary Economy Central Banks
The Reserve Bank of New Zealand (RBNZ) is expected to maintain its overnight cash rate (OCR) at 2017s first monetary policy meeting scheduled to be held on February 9, following arecovery in the countrys inflation, which...
FxWirePro: After US polls, Trump’s inaugural and FOMC, what could drive USD vols?
Feb 03, 2017 07:29 am UTC| Research & Analysis Insights & Views Central Banks
Softer vols may prove a momentary soft patch as the Dow Jones broke the symbolic threshold of 20000 last week, bears resume again claw back to 19885 during earlier European session, tripling in nominal value since the lows...
PBoC hikes short-term market interest rates, may adopt flexible interest rate regime in 2017
Feb 03, 2017 07:25 am UTC| Commentary Central Banks
The Peoples Bank of China raised short-term market interest rates today. It repriced the short-term funding costs by hiking the 7-day reverse repo rate by 10 basis points from 2.25 percent to 2.35 percent. This move by the...
Czech National Bank keeps policy rate unchanged, revises up inflation forecast
Feb 03, 2017 06:47 am UTC| Commentary Economy Central Banks
The Czech National Bank (CNB) left policy rates unchanged and maintained the EUR/CZK floor at 27 in a unanimous decision at its monetary policy meeting on February 2. The CNB reiterated its plan to exit from the EUR/CZK...
Feb 03, 2017 06:42 am UTC| Commentary Central Banks
Denmarks central bank has not intervened in the currency market in the month of January. The FX reservesThe Danish krone is trading a bit weaker; however, it is still at strong level against the euro. The Danish central...
FxWirePro: FOMC hawks and European politics to stimulate USD OTC functionality
Feb 03, 2017 06:37 am UTC| Central Banks
The dollar relinquished gains after the Fed left rates on hold and failed to provide any clues for the timing of the next rate increase. But the center of FOMC lining up closer to Lacker, hawks for December. FOMC...
South Africa’s plan to move away from coal: 8 steps to make it succeed
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IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects