FxWirePro: The Day Ahead- 10th May 2019
May 10, 2019 04:34 am UTC| Commentary Central Banks
Lots of economic data and events scheduled for today, and some with high volatility risks associated. Upcoming: Germany: March trade balance report due at 6:00 GMT. France: March industrial output and...
Norges Bank keeps interest rate on hold, likely to hike in June
May 09, 2019 12:57 pm UTC| Commentary Central Banks
The Norwegian central bank, Norges Bank, kept the interest rates on hold today, as was expected and in line with the March rate path. Furthermore, the central bank stated that the current assessment of the outlook and...
May 09, 2019 08:42 am UTC| Commentary Central Banks Economy
Bangko Sentral ng Pilipinas is expected to cut policy rate by 50bps this year, given lacklustre growth and soft inflation, according to the latest report from DBS Group Research. Philippines growth fell short to 5.6...
FxWirePro: BCB on focus among LatAm FX – Spot on BRL calls
May 08, 2019 14:22 pm UTC| Research & Analysis Central Banks
The Brazilian central bank should again leave its key interest rate unchanged today. Inflation climbed to 4.6% in March. The increase is likely to have continued in April. In our opinion, this speaks against a rate cut...
FxWirePro: BoC and USMCA continue to drive loony - Optionality for encouraging USD/CAD longs
May 08, 2019 13:25 pm UTC| Research & Analysis Central Banks
The USDCAD longs are adjusted, stopped higher on account of the range-break higher following the BoCs abandonment of its hiking bias. The new stop could not withstand the torrid drop in US short-end rates that ensued in...
Bank of Thailand stands pat, likely to stay on hold throughout 2019
May 08, 2019 12:04 pm UTC| Commentary Central Banks
The Bank of Thailand kept the policy rate on hold at 1.75 percent today, as expected, in a unanimous decision. Since the 25 basis point hike last December, this is the third straight meeting where the policy rate is kept...

May 08, 2019 07:46 am UTC| Research & Analysis Central Banks
The RBNZ today cut the OCR 25bps to 1.50%. Both the market and analysts were divided on what action the RBNZ would take today, meaning a market reaction was guaranteed either way. Consequently, the majority ofNZD pairs...