Fed likely to deliver more insurance rate cuts to sustain record-long U.S. expansion amid escalated trade tensions, says Scotiabank

Aug 05, 2019 08:26 am UTC| Commentary Central Banks Economy

The Federal Reserve is expected to deliver more insurance rate cuts to sustain the record-long expansion in the US economy amid escalated U.S.-China trade tensions, which could weigh on the dollar versus its major rivals...

FxWirePro: Derivatives & Vols Perspectives For G10 FX-Bloc Amid Monetary Policy Season

Aug 01, 2019 14:37 pm UTC| Research & Analysis Central Banks

The USD still appears to be robust, on a broader perspective, it is gaining traction against all of the majors among G10 FX-bloc and testing fresh highs vs both the EUR (highest since May 2017) and GBP (highest since...

FxWirePro: Sterling Still Looks Vulnerable Ahead of BoE and Brexit deal – Bid 3m GBP/USD Skews, RRs and Deploy ‘Debit Put Spreads’

Aug 01, 2019 11:02 am UTC| Research & Analysis Central Banks

The moves in Sterling at the beginning of the week give a good illustration of what might be to come if the UK really was to leave the EU without a deal. And they illustrate once again to what extent the BoEs hands are...

FxWirePro: Fed and BoE Monetary Policies’ Previews and Reviews – Short Sterling Trades

Aug 01, 2019 07:48 am UTC| Research & Analysis Central Banks

In a widely anticipated move, the US Federal Reserve lowered interest rates by 0.25% last night, taking the Fed Funds target range to 2.00-2.25% and announced an early end to its balance sheet run-off. Moreover, Fed chair...

BoJ likely to be watchful on global FX moves amid pressure of triple dilemma, says ANZ Research

Aug 01, 2019 07:20 am UTC| Commentary Central Banks Economy

The Bank of Japan (BoJ) is expected to be watchful of global FX moves as it faces a triple dilemma: inflation is still far from its goal; other major central banks are easing; and its current framework is counterproductive...

Fed's rate cut bails out Trump for policies that are slowing the economy

Aug 01, 2019 04:34 am UTC| Insights & Views Central Banks

The Federal Reserve appears to be bailing out the president. Responding to concerns of a slowing economy in part caused by President Donald Trumps trade wars the Fed cut short-term interest rates for the first time...

FxWirePro: USD/CAD ‘diagonal call spreads’ for both hedging and trading objectives ahead of Fed

Jul 31, 2019 11:13 am UTC| Research & Analysis Central Banks

Over the last two months, domestic Canadian data has outperformed and, together with intensified Fed cut expectations, has driven USDCAD to the years lows. CAD appreciation in G10 against the dollar, having largely shaken...