
Apr 23, 2020 12:33 pm UTC| Research & Analysis Central Banks Insights & Views
Yesterdays CBTs MPC meeting could have gone in one of two ways: we held an original base view that CBT would cut the benchmark rate by 100bp; but we later revised this to 50bp because the lira was weakening exponentially...
Apr 22, 2020 14:59 pm UTC| Research & Analysis Central Banks Insights & Views
Singapore will extend the circuit breaker ala lockdown by four weeks to 1-June. The sensational headlines will read that Singapore has lost control of the fight on Covid-19 as the number of cases shot up 9-fold to above...
FxWirePro: Brazilian Lira Seems Edgy On BCB Rate Cut Speculation – Hedge USD/BRL Via Optionality
Apr 21, 2020 15:19 pm UTC| Research & Analysis Central Banks Insights & Views
Following its last rate meeting the Brazilian central bank did not give the impression that it was going to cut interest rates further. In March it had cut its key rate by 50bp to 3.75% and had said in its statement that...

Apr 21, 2020 09:07 am UTC| Research & Analysis Central Banks Insights & Views
Bearish GBPJPY Scenarios: 1) The UK-EU fail to agree on a trade deal and the UK exits the transition period on WTO terms (GBPUSD to 1.20, potentially 1.10). 2) The economic lockdown is extended into June, delaying...
FxWirePro: CBR’s Cushions Ruble Momentarily Through FX Reserve – Uphold USD/RUB Options Positions
Apr 20, 2020 14:25 pm UTC| Research & Analysis Central Banks Insights & Views
CBR governor Elvira Nabiullina held a press conference last Friday, where she de facto confirmed that the central bank was ready to resume cutting rates. This is significant because CBR had paused rate cuts last month...

FxWIrePro: EUR/JPY Hedging Strategies Ahead of EU Summit And BoJ Monetary Policy
Apr 20, 2020 10:36 am UTC| Research & Analysis Central Banks Insights & Views
Today, the measures to combat the coronavirus in Germany will be eased for the first time. Further steps in this direction should follow. This will also shift the focus on the markets away from the extent of the slump...

Apr 17, 2020 13:09 pm UTC| Research & Analysis Central Banks Insights & Views
USDTRY has been edging ever closer to the 7.00 mark as predicted in our recent post despite the central bank combatting the trend using indirect FX interventions. CBTs own FX reserves have fallen to a low c.$27bn in net...