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...

Central Banking Series

Global central bankers face lose-lose situation

Nov 23, 2016 11:37 am UTC| Commentary Central Banks

It is not really a good time to be a central banker. At one hand, they face political backlash over lower interest rates that so far failed to achieve inflation as well as spark growth, on the other hand, theyface...

Central Banking Series

Brazilian central bank likely to slash rates in November, following gradual decline in inflation

Nov 23, 2016 10:54 am UTC| Economy Central Banks

The Brazilian central bank (BCB) is expected to slash its benchmark Selic rate at the monetary policy meeting scheduled to be held on November 29-30, following agradual easing of inflationary pressures in the recent...

NBH remains on hold; EUR/HUF likely to rise during H1 2017, says Commerzbank

Nov 23, 2016 09:07 am UTC| Commentary Central Banks

The National Bank of Hungary (NBH) maintained its interest rate unchanged at the monetary policy meeting held Tuesday, while implementing subsidiary channels of easing. However, the outcome failed to create any...