
Nov 29, 2015 21:22 pm UTC| Commentary Central Banks
Thursdays ECB meeting will be the key catalyst for EURUSD this week. A 10bp cut is expected in the depo rate and a time extension of QE. However, recent ECB comments coupled with the still unimpressive euro area inflation...
PBoC terminates some onshore commercial banks' cross border lending, CNH liquidity tightens
Nov 27, 2015 08:45 am UTC| Commentary Central Banks
USD/CNH one year swap points rose 1900pips today, over 1500pips last week. There is liquidity tightening seen in the offshore market. This is because of Further weakness expected in CNH by the market, lowering the...
Pressure Builds On Saudi Arabia For Riyal Devaluation
Nov 27, 2015 08:18 am UTC| Commentary
The pressure on Saudi Arabia to reconsider its currency peg has been building up owing to the long period of falling oil prices. Since 1986, the riyal is officiallypeggedto theIMFsspecial drawing rights(SDRs). In practice,...
Central banks rate decisions outlook for 2016
Nov 27, 2015 06:52 am UTC| Commentary Central Banks
As highly anticipated by the markets, US Federal Reserve will start its hiking cycle next month on its December 16 meeting, while ECB will likely ease further in its December meeting. US Fed may start rising rates this...
Checking on FED’s discount rate discussion
Nov 26, 2015 09:20 am UTC| Commentary
This Monday, FED held a closed door meeting to discuss over discount rates to review it and whether to adjust it upwards. No major change has occurred, however a minutes of the previous meeting held on October 26th was...
RBA will consider further rate cut, given AUD continues current recovery
Nov 26, 2015 08:43 am UTC| Commentary Central Banks
RBAs next meeting after the one in next week, will not take place till February. Till then the central bank will meet for the last time on Tuesday, in which it will leave the rate unchanged and publish a positive...

Nov 26, 2015 08:34 am UTC| Commentary Central Banks
The European Central Bank is happy with the performance of Euro. Trade-weighted Euro indicates that it is approaching the spring levels again. It is crucial that this trend continues. President Mario Draghi confirmed in...