Fed likely to deliver 25bp cut at each of the next five meetings, says Danske Bank

Aug 16, 2019 11:04 am UTC| Commentary Central Banks

The Federal Reserve is expected to deliver a 25bp cut at each of the next five meetings; the target range would also be most likely lowered to 0.75-1.00 percent at the March meeting, according to the latest research report...

FxWirePro: What Causes Shift in Risk-Reward of High-Beta ZAR?

Aug 14, 2019 13:34 pm UTC| Research & Analysis Central Banks

The underperformance of South African local markets the past several months has been remarkable. Despite the dovish shift of the Fed and the SARB interest rate cut, since the start of March (prior to the beginning of the...

FxWirePro: A Run Through on VXY for G10 and EMFX-Bloc

Aug 14, 2019 10:18 am UTC| Research & Analysis Central Banks

In the recent past, the trade protectionism theme shot back into focus as a potential major left tail risk for markets. Implied and realized volatility has rebounded from low levels driven by general risk-off moves in the...

FxWirePro: SGD FX and Rates Trades on Singapore Q2 GDP Prints and MAS Easing Risks

Aug 13, 2019 14:53 pm UTC| Research & Analysis Central Banks

Singapores final Q2GDP report released this morning was unchanged from the advance report of just 0.1% yoy. The contraction in the manufacturing sector was revised -3.1% yoy vs -3.8% previously but this was offset by...

FxWirePro: Post-FOMC and Trade-Tensions’ Effects on FX Vols

Aug 09, 2019 12:41 pm UTC| Research & Analysis Central Banks

The latest tariff threat from Trump emphatically reinforces the perspective of dollars bullishness; the crucial difference for FX volatility is the potential for greater velocity and urgency to dollar rallies than might...

Philippine central bank cuts interest rate by 25 bps to 4.25 pct, likely to cut further by 25 bps in Q4

Aug 08, 2019 16:14 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, lowered its Overnight Repurchase Rate by 25 basis points to 4.25 percent today, as was widely anticipated. The BSP cited that prospects for global economic activity are likely to remain...

FxWirePro: A Run Through on LatAm FX-bloc

Aug 08, 2019 14:02 pm UTC| Research & Analysis Central Banks

We also stay long BRL and short MXN, both of which have shown more resilience to external conditions. Reform optimism continues to support BRL, and Brazil- watchers (as well as FinMin Guedes) have shifted their focus to...