FX Hedging Strategy Series

FxWirePro: PBoC opts to stay pat on Yuan’s vulnerability – Hedge upside risks as USD/CNY all set to take off at psychological 7 and above

Nov 24, 2016 11:21 am UTC| Central Banks Commentary

The dollar surged to a for multi-year peaks against Chinese currency on today, bolstered by more than anticipated U.S. economic data that showed the economy on track for steady growth and reinforced expectations of...

Singaporean dollar likely to remain vulnerable amidst soaring U.S. inflation expectations

Nov 24, 2016 07:00 am UTC| Commentary Central Banks Economy

Singapores CPI-All Items inflation accelerated from -0.2 percent in September to -0.1 percent year-on-year in October. In the meantime, the core inflation, which strips the costs of accommodation and private road transport...

Fed Hike Aftermath Series

Central Banking Series

U.S. Fed’s November meeting minutes confirm rate hikes coming soon, says TD Economics

Nov 24, 2016 06:20 am UTC| Commentary Central Banks

The FOMCs November meetings minutes showed that most of the participants saw that the U.S. economic outlook was rebounding and that inflation is moving towards the central banks target rate of 2 percent. The minutes noted...

FX Hedging Strategy Series

FxWirePro: What all could USD/TRY ATM delta calls do amid Turkish political and CBRT’s intrusion?

Nov 23, 2016 13:40 pm UTC| Central Banks Research & Analysis

With the deterioration in the local Turkish political situation and a less supportive environment from higher G3 yields, the outlook for the lira is worsening, in our view. While the CBRT could conduct FX sale auctions...

FxWirePro: USD/TRY all-time high takes off to new stages, never buck major trend but expect interim dips for fresh longs

Nov 23, 2016 13:14 pm UTC| Technicals Central Banks Insights & Views

The Turkish lira weakened sharply in the recent times, with USDTRY surpassing 3.05 range and then to hit fresh highs of 3.4083 levels. Bulls manage to break out above long lasting range and stiff resistance of 3.07 with...

Central Banking Series

No major market volatility likely on FOMC minutes

Nov 23, 2016 13:01 pm UTC| Commentary Central Banks

FOMC will release its minutes of meeting at 19:00 GMT. However, this time around no major volatility in the financial markets is likely surrounding the release. The reasons for that are the following, First of all,...

Central Banking Series

Diverging Fed and ECB monetary policies likely to keep EUR/USD subdued

Nov 23, 2016 12:19 pm UTC| Insights & Views Economy Central Banks

The European Central Bank (ECB) will decide on December 8 on whether and how to extend its 80 billion euros ($85 billion) monthly bond purchases and expectations are for the programme to continue beyond its current March...