BNM keeps interest rate unchanged at 3 pct, likely to stand pat in November

Sep 12, 2019 11:51 am UTC| Commentary Central Banks

Bank Negara Malaysia kept its Overnight Policy Rate (OPR) on hold at 3 percent today, as was widely anticipated. The policy statement reads as more bearish on the growth outlook, especially on the global front. The...

FxWirePro: EUR/NZD bullish/bearish scenarios and hedging perspectives ahead of ECB

Sep 12, 2019 08:51 am UTC| Research & Analysis Central Banks

Bearish EURNZD Scenarios: 1) ECB goes all-in with rates cuts, tiering and QE. 2) Trump proceeds with tariffs on Euro car imports. 3) A no-deal Brexit. 4) Kiwis fiscal easing is accelerated; 5) Housing begins...

FxWirePro: A Glimpse at US Treasuries and Rates Derivatives Trade Tips

Sep 11, 2019 13:34 pm UTC| Research & Analysis Central Banks

We are starting to see signs of pushback on overly dovish central bank expectations after global bond yields hit record lows in early September.While US-China trade tensions continue to wax and wane, with the latest...

There's an obvious reason wages aren't growing, but you won't hear it from Treasury or the Reserve Bank

Sep 10, 2019 20:39 pm UTC| Insights & Views Central Banks

Wages growth for Australian workers is among the worst in the industrialised world. For more than a third of workers on individual contracts, wages arent growing at all. This is odd, given Australia is in a record 28th...

FxWirePro: Bullish/Bearish Scenarios, OTC Updates of EUR/JPY and Hedging Strategies Ahead of ECB

Sep 10, 2019 10:21 am UTC| Research & Analysis Central Banks

Bullish EURJPY Scenarios: 1) Euroarea economy rebounds to a sustained 1.5%+ growth rate. 2) A US-China peace treaty on trade. 3) 3) A re-acceleration of CB demand for EUR. 4) The momentum in JPY selling flows...

FxWirePro: ECB Preview Ahead of Global-Expansionary or Contractionary Monetary Policies

Sep 10, 2019 08:51 am UTC| Research & Analysis Central Banks

During ECB week and amid global slowdown, of course, talks about monetary policy patterns are quite common. One subject that made it back ontofront-page newsagain this week: over-indebtedness amongst companies and...

FxWirePro: USD/MXN Ratio Call Spreads For Momentary Dips and Major Uptrend

Sep 09, 2019 12:39 pm UTC| Research & Analysis Central Banks

In mid-August, the Mexican central bank somewhat surprisingly for many lowered its key interest rate. The accompanying statement contained no indications as to how monetary policy would continue. The minutes of the meeting...