Fed Hike Aftermath Series

FED Hike Aftermath Series: Market just shy of pricing a September hike

Mar 04, 2016 11:02 am UTC| Commentary Central Banks

Market mood seems to have changed. We are getting lot of evidence of such. We had expected a much larger correction this time around and fundamentally speaking it was due but it seems the bears or the correction callers...

Negative Rates Series

Negative rates series: Kuroda fumbles as expected

Mar 04, 2016 07:00 am UTC| Commentary Central Banks

Just in our previous article under the series, we argued from now on central bankers around the world after embracing negative rates, will act cautiously before dragging it down further. Today Bank of Japan (BOJ) chief...

Emerging Market Crisis Series

Markets do not price an imminent hike from BCB

Mar 03, 2016 15:55 pm UTC| Commentary Central Banks

Brazil Copom held the Selic rate unchanged at its meeting on Wednesday, repeating the rationale of its last communiqué - ie, that the decision was reached after evaluating the macroeconomic scenario, inflation...

FX Hedging Strategy Series

FxWirePro: Euro bears line-up ahead of ECB meeting, Does SNB show sigh of relief? - buy EUR/CHF risk reversals

Mar 03, 2016 13:19 pm UTC| Technicals Central Banks

The euro risks are increased as the ECBs governing councils monetary policy meeting scheduled on 10/03 in Frankfurt. Draghi recently says, euro zone growth and inflation prospects have weakened, the ECB to address and...

Norwegian economic outlook slightly weaker than expected, key interest rates likely to reach zero by 2016-end

Mar 03, 2016 09:28 am UTC| Commentary Central Banks

Norways central bank is expected to further lower rates three times in 2016. The key rates are likely to reach zero by the end of 2016. There are many reasons for this. Oil prices are lower and are expected to remain low...

Denmark’s FX reserve decline in February, DN likely to mirror ECB’s expected rate cut move

Mar 03, 2016 08:53 am UTC| Commentary Central Banks

Denmarks FX reserve fell from DKK430bn in January to DKK422bn in February. DKK 8.4bn of the fall was because Danmarks Nationalbank (DN) bought DKK in FX intervention to cap EUR/DKK upside. The central bank likely carried...

Currency War Series

Emerging Market Crisis Series

BCB likely to start easing policy by August 2016

Mar 03, 2016 05:49 am UTC| Commentary Central Banks

The Central Bank of Brazil decided to keep the interest rate on hold. It reiterated the rational of its previous communiqué, which is that the Copom took the decision after assessing the macroeconomic situation,...