FOMC Monetary Policy May 2019: Assessing future bias
May 02, 2019 08:10 am UTC| Commentary Central Banks
As expected, the policymakers at FOMC kept the interest rate unchanged at yesterdays meeting. Current Federal funds rate target 225-250 basis points. However, FOMC participants reduced the IOER by 5 bps to 2.35...
FxWirePro: Key takeaways from retail sentiment ahead of FOMC
May 01, 2019 14:30 pm UTC| Commentary Central Banks
The Federal Open Market Committee (FOMC) will announce interest rate decision at 18:00 GMT, followed by a press conference by Fed chair Powell at 18:30 GMT. The USD has suffered significant selloff ahead of FOMC as...
FxWirePro: FOMC monetary policy preview
May 01, 2019 10:36 am UTC| Commentary Central Banks
The U.S. Federal Reserve is in a neutral mode, as Fed chair Powell has recently signaled the possibility of longer rate pause going ahead. Since December 2015, the U.S. Federal Reserve has hiked rates eight times. It has...
FxWirePro: Dollar declines as rate cut odds jump ahead on Wednesday’s rate decision from Fed
Apr 30, 2019 09:29 am UTC| Commentary Central Banks
The dollar is under assault this week ahead of the U.S. Federal Reserves monetary policy announcement on Wednesday. The dollar index, which is the value of the dollar against a basket of six currencies, is currently...

FxWirePro: Uphold GBP/USD ‘debit put spread’ amid monetary policy season
Apr 30, 2019 08:24 am UTC| Research & Analysis Central Banks
The big picture for sterling remains generally constructive, however, the setback against the USD can be extended slightly. The political deadlock in the Brexit drama however persists, so that deeper countertrend declines...
FxWirePro: Can MAS’ status quo bring-in any stimulus in SGD? Take a glance at RV trades
Apr 29, 2019 13:28 pm UTC| Research & Analysis Central Banks
The latest macroeconomic outlook from the Monetary Authority of Singapore (MAS) painted a more cautious growth picture. They expect growth this year to be slightly below the mid-point of the official 1.5-3.5% growth...

FxWirePro: GBP/CAD Debit Put Spreads on 3m Skews Ahead of BoE
Apr 29, 2019 12:42 pm UTC| Research & Analysis Central Banks
BoE is scheduled for its monetary policy for this week. Ongoing political uncertainty indicates a continuation of the wait-and-see message regarding the timing of the next bank rate hike. Still, an expected upgrade to...