Sep 20, 2016 13:31 pm UTC| Central Banks Research & Analysis
The RBAs unchanged policy actions in the cash rate (on hold at 1.5%) two weeks ago and delivered a statement broadly which was in line with the expectations. Thus, we doubt the minutes from Septembers Board meeting will...
FxWirePro: Speculators to snap profits in Yen owing to BoJ this week but stay hedged in EM baskets
Sep 20, 2016 12:22 pm UTC| Central Banks Research & Analysis
FX vols are transitioning from liquidity induced calm to fitful disorder created by recurring bond sell-offs. Upticks in rate sensitive long-expiry options and greater risk premium for carry FX/ EM vols are two potential...
Sep 20, 2016 10:02 am UTC| Technicals
Thedollar has begun the trading weeks extended gains, as the pair rejects the resistance at 1.1213 levels (it has tested resistance several times in the past). Despite attempts of upswings 21DMA acting as stiff...
Sep 20, 2016 08:26 am UTC| Central Banks Research & Analysis
Although the Bank of Canada sees an overheated housing market and rapidly rising prices as significant financial sector vulnerabilities, Governor Poloz has said that the policy rate is too blunt a tool to try to mitigate...
FxWirePro: Mounting skews and 25-delta risk reversals signal 2m RKOs in USD/CAD
Sep 19, 2016 13:00 pm UTC| Research & Analysis
Mounting positive skews in 2m implied volatilities suggests RKO calls, the USD/CAD 2-3m skew has been bid with Trump progresses in the polls, lifting it to its highest level since June 2015. This increases the implied...
Sep 19, 2016 12:52 pm UTC| Central Banks Research & Analysis
Positive factors less likely to drive CAD than draggers: Trumps protectionist declarations, notably labelling NAFTA as the worst trade deal in the history of the country, make the Canadian dollar especially vulnerable...
Sep 19, 2016 11:28 am UTC| Research & Analysis
New Zealand PM John Key justified the recent kiwi gains at a press conference in Wellington on Monday by citing the countrys economic fundamentals and the recovery in dairy prices but stated that New Zealanders would...