Nov 28, 2016 09:34 am UTC| Central Banks Research & Analysis
We expect the ECB to announce an extension of its bonds purchasing program beyond March 2017 at its last meeting of the year. This step is likely to become even more urgent if it has to stop a further rise of yields on...
Nov 28, 2016 06:04 am UTC| Central Banks Research & Analysis
The Bank of Japan (BoJ) got its Christmas presents on 8th November: since the US Presidential elections the yen has been under pressure against USD. Thanks to Trump. As a result, the BoJ can be a little more relaxed when...
Nov 25, 2016 07:44 am UTC| Research & Analysis
In the case of SEK, long positions in USD vols can be advantageously coupled with short vols in the EUR cross. Long gone are the days when the market was testing the Riksbanks nerves in the low 9.0s in EURSEK. The...
Nov 25, 2016 07:13 am UTC| Research & Analysis
The Kiwis trade balance for October was -$846m which is better than anticipated, with a stronger than projected export performance. Seasonally adjusted imports increased by 2.1% MoM.The imports were cushioned by a...
Nov 25, 2016 06:29 am UTC| Central Banks Research & Analysis
We target 0.6812 levels (i.e. 23.6% Fibonacci retracements from the highs of 0.7485 levels) which is sensible based on an assumption the Fed will hike in Dec and the further hiking cycle in 2017 is also on the cards, while...
Nov 25, 2016 04:35 am UTC| Central Banks Research & Analysis
The Central Bank of Turkey raised its benchmark one-week repo rate by a higher-than-expected 50bps to 8 pct on November 24th and its overnight lending rate by 25 bps to 8.5 pct, while it held its borrowing rate at 7.25...
Nov 25, 2016 02:44 am UTC| Central Banks Commentary
The US dollar index rose to a fresh 14-year high early London but then retraced to be unchanged on the day. The Kiwis trade balance for October was -$846m which is better than anticipated, with a stronger than projected...