
FxWirePro: Deploy USD/TRY Diagonal Debit Call Spreads on Turkish Rate Cuts
Dec 12, 2019 13:06 pm UTC| Research & Analysis Central Banks
The Turkish central bank (CBT) will hold its monetary policy meeting today: we expect the repo rate to be lowered by 150bps (from 14% to 12.5%), which is now also the median consensus forecast. This will bring the...

FxWirePro: ECB monetary policy preview and EUR/JPY OTC bids and options strategy
Dec 12, 2019 10:10 am UTC| Research & Analysis Central Banks
Euro crosses are struggling ahead of the main event which is the ECB policy announcement at 12:45GMT and Christine Lagardes maiden press conference from 13:30GMT. EURJPY has been gaining from the last 3-4 days, the pair...
FxWirePro: Spotlight on Brazilian lira and macros ahead of BCB monetary policy
Dec 11, 2019 15:30 pm UTC| Research & Analysis Central Banks
At its last monetary policy meeting this year, the Brazilian central bank should cut its key interest rate by a further 50 bp to 4.5%. This was announced quite clearly in the statement of its last meeting at the end of...
Dec 11, 2019 12:17 pm UTC| Research & Analysis Digital Currency Insights & Views Central Banks
Quite a few analysts rumoured that the Chinese government is planning to accumulate Bitcoin, and others expecting a wave of new investment into Chinese blockchain companies. The blockchain technology deployment in China...

Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat
Dec 11, 2019 03:57 am UTC| Insights & Views Central Banks Economy
Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters. One of his legacies, as you may have read in the many obituaries published since his death, is taming the runaway...
FxWirePro: Intricacies of JPY on Monetary and Fiscal Terms – USD/JPY Trades Perspectives
Dec 10, 2019 12:20 pm UTC| Research & Analysis Central Banks
The announcement of a comprehensive fiscal package on the part of the Japanese government left the JPY exchange rates reasonably unimpressed last week. That is likely to be due to the fact that there is significant doubt...

FxWirePro: USD/JPY OTC Updates, Implied Valuation And Options Trade Recommendation Ahead of Fed
Dec 10, 2019 11:03 am UTC| Research & Analysis Central Banks
The short-term implied valuations of USDJPY point to further downside bias, but the floor at 108.40/50 remains firm. Expect more downside momentum to build if that level is breached, but note a lack of drivers for the pair...