FxWirePro: Deploy USD/ZAR put spreads on SARB stances
May 23, 2019 12:50 pm UTC| Research & Analysis Central Banks
After raising its key interest rate to 6.75% in November, the South African central bank (SARB) has since left it there. And we do not expect any change at todays meeting either. The focus of the markets is likely to be on...
FxWirePro: The Day Ahead- 22nd May 2019
May 22, 2019 04:58 am UTC| Commentary Central Banks
Sizable economic data and events scheduled for today, and all with low to medium volatility risks associated. Data released so far: Australia: Construction work in Q1 declined 1.9...
BoE likely to join Fed and ECB in keeping policy on hold in 2019, says Rabobank
May 21, 2019 08:34 am UTC| Commentary Economy Central Banks
The Bank of England (BoE) is expected to join the Federal Reserve and the European Central Bank (ECB) is keeping the monetary policy on hold throughout this year, according to a recent report from Rabobank. Against the...

FxWirePro: AUDNZD Strangle Shorts and 3-Way Straddles Versus ITM Puts on RBA Minutes
May 21, 2019 08:00 am UTC| Research & Analysis Central Banks
The Reserve Bank of Australia (RBA) minutes of the May meeting left scope for interpretation, the RBA governor Philip Lowe was very explicit in his subsequent speech: in June the bank was going to consider the case for...

FxWirePro: Aussie declines on RBA rate cut outlook; likely to decline another 300 pips
May 21, 2019 07:26 am UTC| Commentary Central Banks
In his speech today, Reserve Bank of Australia (RBA) governor Phillip Lowe deviated from the central banks neutral stance and indicated that the central bank is currently in a watch out mode with a dovish bias. Here is the...
FxWirePro: The Day Ahead- 21st May 2019
May 21, 2019 06:42 am UTC| Commentary Central Banks
Few economic data and events scheduled for today, and all with low to medium volatility risks associated. Data released so far: New Zealand: Credit card spending up 4.5 percent y/y in April. Australia: In his...
Fed Hike aftermath Series: Hike probabilities over coming meetings
May 20, 2019 07:51 am UTC| Commentary Central Banks
FOMC followed through its promise and hiked rates four times in 2018 and forecasted two more rate hikes for 2019. Current Federal funds rate - 225-250 bps (Note, all calculations are based on data as of 13th...