FxWirePro: Short hedge in yellow metal on waning safe-haven sentiments as Fed hiking season looms
May 11, 2017 12:17 pm UTC| Insights & Views
Gold prices have tumbled from the highs of peaks of 1295.14 to the recent lows 1215 levels or 6.2% in just three weeks. Stay hedged via shorting CME Gold futures of Dec17 delivery as the yellow metal hit its least since...
FxWirePro: CNB to normalize monetary policy - Uphold EUR/CZK shorts in forwards of far-month tenors
May 11, 2017 11:50 am UTC| Central Banks Insights & Views
The CNBs new staff forecast and communication mix sent a more dovish signal than anticipated. This included a downward shift in the projected inflation path, a lower path of market rates consistent with the forecast, the...

RBNZ surprises markets with a dovish outlook, squashes expectations of an earlier interest rate hike
May 11, 2017 11:34 am UTC| Insights & Views Central Banks
At its latest policy meeting, the Reserve Bank of New Zealand (RBNZ) left its OCR unchanged at 1.75 percent as widely expected. The RBNZ said that global economic growth has increased and become more broad-based over...
FxWirePro: “Here’s your Pink slip” - Trump’s firing to keep US economy and DXY’s triumph on check
May 11, 2017 09:43 am UTC| Central Banks Insights & Views
Yesterday, in true Apprentice style, US President Trump fired FBI Director James Comey, in unconventional and unconstitutional fashion. The move is not only going to drive calls for an independent investigation but is also...

May 11, 2017 09:38 am UTC| Central Banks Research & Analysis Insights & Views
The two main overnight movers were the NZD and the CAD. The NZD is under pressure on the back of dovish rhetoric from Governor Wheeler, while the CAD reversed its oil price following gains after Moodys downgraded several...

May 11, 2017 07:41 am UTC| Technicals Insights & Views
After strong support at 1.8660, bulls have managed to bounce back with sharp rallies with convincing volumes. As a result, the bullish engulfing pattern candle is traced out (refer 4H chart). Current price, for now, has...
May 11, 2017 06:51 am UTC| Central Banks Research & Analysis Insights & Views
At its May interest rate review, the Reserve Bank of New Zealand kept the Official Cash Rate (OCR) on hold at 1.75%, as expected. However, the RBNZ also concluded that developments since the February Monetary Policy...