Markets near certainty of FOMC rate hike in March
Mar 15, 2017 07:40 am UTC| Commentary Central Banks
A rate hike from the US Federal Reserves Federal Open Market Committee (FOMC) today is almost a certainty. The policymakers would conclude their two days of meeting today and announce the decision at 18:00 GMT, followed by...
Draghi says innovative technology could boost productivity in eurozone
Mar 14, 2017 13:37 pm UTC| Commentary Economy Central Banks
Speaking at a conference in Frankfurt, the European Central Bank (ECB) president Mario Draghi said on Monday that Europe could still see sizeable gains in productivity and that there are several ways to boost productivity...
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...