Markets bet on another RBA rate cut in early 2017
Aug 02, 2016 12:18 pm UTC| Insights & Views Economy Central Banks
Earlier on Tuesday, the Reserve Bank of Australia (RBA) decided to cut its benchmark interest rate by 25 basis points to a record low level of 1.50 percent. The decision was largely in-line with market expectations. The...
Aug 02, 2016 11:22 am UTC| Research & Analysis Insights & Views Central Banks
Wise to note that 1M USDJPY ATMs fell from 15.0 pre-meeting to 11.5, significantly undershooting the 1-day forward vol prediction (11.85) despite a 1.5% spot decline on the day, which ought to have provided a modicum of...
Aug 02, 2016 09:24 am UTC| Central Banks Insights & Views
Before we begin, lets recall as to how the Bank of England confused the markets in previous MPS. There was awidespread surprise when the MPC chose to leave rates unchanged at the 14 July meeting. But we needed wait no...
Aug 02, 2016 07:38 am UTC| Insights & Views Central Banks
Needless to specify, GBP vols have still been flying with sky rocketed pace no matter what both prior and post-Brexit events, but this time these IVs are also owing to BOEs monetary policy decision, however, the contracts...
Aug 02, 2016 07:03 am UTC| Insights & Views
Weve recently seen that the Australias trade deficit widened sharply to AUD3.2bn in June from a revised AUD2.4bn in May. Even though the Aussie exporters have the proper financial arrangements placed with letters of...
Aug 02, 2016 06:28 am UTC| Insights & Views
Australia reported a trade gap of AUD3.19 billion in June of 2016, an increase of 32 pct from an upwardly revised AUD2.42 billion deficit in May and missing market estimates. It was the largest trade deficit since January...
China will be the winner if US backs out of the TPP
Aug 02, 2016 05:48 am UTC| Insights & Views Economy
If the United States backs out of the Trans-Pacific Partnership (TPP), a 12 member mega regional trade agreement, it could leave a gap for China to emerge the dominant trading power in the Asia Pacific. The TPP has been...
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