FxWirePro: Uphold hedging MXN appreciation as Banxico tone down hawkish rhetoric, now neutral
Oct 03, 2016 12:59 pm UTC| Research & Analysis Central Banks
If at all anything unexpected is going to happen in Mexican monetary policy, then we expect a single 25bp hike this year, in December. Banxico backed off from its hawkish rhetoric of a couple of months ago, and in the...
Oct 03, 2016 12:51 pm UTC| Commentary
EURUSD oscillates between 1.1220 - 1.1244 overnight range. The tight trading range could be tested this week, depending on DB, US election debate, ISM, and NFP. Bearish skew in options 1mth RR -75bp exaggerated? Options:...
Oct 03, 2016 10:11 am UTC| Central Banks Commentary
Since the beginning of last year, US long rates have again become the main USDJPY driver. The BoJs peg on JGB yields is going to kill yen rates volatilityso that the rates factor should become even more US-centric. But...
Oct 03, 2016 07:51 am UTC| Research & Analysis
Japanese Manufacturing: The latest survey data signalled a slight improvement in operating conditions at Japanese manufacturers. Production rose for the second consecutive month, while total new orders declined at the...
Oct 03, 2016 07:05 am UTC| Research & Analysis
AUD rose back above 0.7650 against US counterpart and 77.500 levels against Japanese Yen during the early Asian trading sessionon Monday as the risk currencies were buoyed by positive news coming from Europe. Monthly...
Oct 03, 2016 06:40 am UTC| Technicals
Ever since AUDJPY tested support at 76.075 levels, the swings have gone in whipsaws pattern, considering the previous declining trend, the price has spiked above DMAs on thedaily chart. The current upswing sentiments...
Sep 30, 2016 13:52 pm UTC| Commentary
We consistently kept urging for upside risks of USDTRY from the recent past ever since the CBRTs rate cut in last week, Moodys downgrading has been thedouble whammy for USDTRY, as the pair has been spiking...