After Fed’s fresh history of 9 years, Dollar dealing in direct quotes to flourish and indirect quotes to languish

Dec 16, 2015 19:41 pm UTC| Insights & Views

Yes, deal done as per the much anticipated economic phenomenon. Fed finally lifts off its interest rates by 25 bps at 0.50% since 2006. Furthermore, Policy makers separately forecast an appropriate rate of 1.375...

Fed Liftoff Series

FED liftoff series – Decision day – watch out for dissenters

Dec 16, 2015 15:29 pm UTC| Insights & Views Central Banks

We are only few hours away from much anticipated FOMC decision. We expect, a 25 basis points hike in Federal fund rate, discount rates and 25 basis points hike in excess as well as required reserve. We also expects FED to...

FxWirePro: WTI - Not a long indeed but stay hedged via vertical spread to mitigate WTI vega risks ahead of crude inventory check

Dec 16, 2015 14:00 pm UTC| Insights & Views

Universal fact is that the prevailing supply glut has impacted on drop in oil prices, the commodity continued on their downward trajectory last week and recorded multi-year lows.WTI crude futures have recently dropped to...

Eurozone PMI devastating fragile EUR/USD ahead of Fed, OTC volumes almost factor-in Fed decision

Dec 16, 2015 13:27 pm UTC| Insights & Views

The fall in the headline euro-zone Composite PMI, from 54.2 to 54.0, was a little worse than the consensus forecast of no change but it did not fully reverse last months increase.The fall in the euro-zone Composite PMI in...

How Can CNY get benefited through TWI? Which currency crosses may push CNY? Does Fed disregard PBoC's TWI?

Dec 16, 2015 12:36 pm UTC| Insights & Views

After PBoCs trade-weighted view of CNY during a last weekend, the warning shot from PBoC for the Fed as FX Wars, we dont think Fed takes into account very seriously.Once the expected Fed rate hike becomes reality, even...

FxWirePro: USD/CHF condor spreads for Swiss importers to hedge payables during higher IVs

Dec 16, 2015 11:39 am UTC| Insights & Views

The SNB stunned markets earlier this year after it removed the three-year old capof 1.20 Swiss francs per euro.Jordan saidthe decision to drop the cap in January was not a "panic reaction," at the time and was a "well...

Possible Fed outcomes and implications on FX space

Dec 16, 2015 11:35 am UTC| Insights & Views

USD was broadly firmer on Wednesday as the markets await Feds decision, due at 1900 GMT. Traders are reluctant to take major bets and remain on the sidelines. Data yestsrday showed that U.S. core Consumer Price Index rose...