Jul 06, 2017 12:13 pm UTC| Research & Analysis Insights & Views
The combination of a Fed overlooking benign core inflation, rising core yields and adjustment of ECB policy is nonetheless likely to constitute a mild tightening of financial conditions for EM, which warrants adding to...

Significant upside risk to Poland's inflation could prompt rate hike discussions at end-2017
Jul 06, 2017 11:52 am UTC| Insights & Views Economy Central Banks
The Monetary Policy Council of the National Bank of Poland (NBP) maintained interest rate at a record low 1.50 percent on Wednesday, as widely expected. The lombard rate was retained at 2.50 percent and the deposit rate at...

Jul 06, 2017 11:49 am UTC| Research & Analysis Insights & Views
Bullish and bearish scenarios of USDMXN: Bullish scenario: USDMXN could be seen at 20 over 2H17 on a putative disorderly renegotiation of NAFTA, de-anchoring inflation expectations leading to bond outflows and local...

Jul 06, 2017 11:18 am UTC| Insights & Views
In Brazil, reform optimism has not waned and there is increasing risk that Temer may not complete his term. USDBRL should move higher as reform optimism wanes. Economic activity should recover and the rate easing cycle is...

FxWirePro: Relative value options trades for EURUSD amid bullish neutral risk reversals
Jul 06, 2017 09:12 am UTC| Research & Analysis Insights & Views
The focus in the euro area today will be the account from the ECBs June Governing Council meeting which will be analyzed for any further insight into the likely timing of the ECBs announcement of a gradual tapering....

FxWirePro: Optionality touch for distressed AUD after recent perplexed RBA’s status quo
Jul 06, 2017 07:39 am UTC| Central Banks Insights & Views
Enduring macro trends in FX remain elusive as the passage of time has resolved few uncertainties in the past month. We expect AUDJPY to decline through 2017 on skinnier rate differentials and a pull-back in commodity...

Jul 06, 2017 07:14 am UTC| Technicals Insights & Views
After big bearish engulfing pattern candle, bears have managed to remain below 21DMA consistently (refer 4H charts). History repeats in the major trend, ever since it has broken channel resistance at 80.356 levels, the...