Riksbank’s September meeting minutes’ tone came in hawkish, probability of hike in December rises

Sep 17, 2018 13:53 pm UTC| Commentary Central Banks

Riksbanks September meeting minutes came in slightly more hawkish than anticipated as the dovish majority of the board does not rule out a rate hike around the turn of the year. The main reason is that Governor Ingves says...

FxWirePro: Snippets of BRICS FX intricacies and trade tips

Sep 17, 2018 13:33 pm UTC| Research & Analysis Central Banks Insights & Views

RUB: The Russian FX markets were surprised by the central bank of Russia (CBR), CBR hikes its policy rate by 25bps., whereas the market consensus had anticipated status quo, but the probability of rate hikes in coming...

Fundamentals to watch out for this week

Sep 17, 2018 08:28 am UTC| Commentary Central Banks

In terms of volatility risks, this week is heavy, and there are some scheduled events and data that readers need to keep a tab on. What to watch for over the coming days: Central Banks: Bank of Japan (BoJ) will...

FxWirePro: Ideal time for USD/JPY put writers on momentary shift in RRs and IV skews still signal bearish risks - Execute debit put spread ahead of BoJ

Sep 17, 2018 08:14 am UTC| Research & Analysis Insights & Views Central Banks

The Bank of Japan is anticipated to maintain status quo this week after broadening the target band of 10-year bond yield to ±0.2% at the July meeting. Policymakers would adopt a more cautious view on the 2H growth...

FxWirePro: USD/JPY bulls attempts to make traction on engulfing pattern, major trend still wedged – Trade one touch call and short hedge ahead of BoJ

Sep 17, 2018 07:15 am UTC| Technicals Central Banks

The bullish engulfing pattern has occurred at 111.922 levels on daily plotting ofUSDJPY, consequently, the current price spikes above DMAs as the upswings extend further yesterday as well. But for today, stiff resistance...

Norges Bank likely to raise sight deposit rate by 25 bps to 0.75 pct, adjust rate path upwards: Danske Bank

Sep 17, 2018 05:19 am UTC| Commentary Central Banks Economy

The Norges Bank is expected to raise the sight deposit rate by 25 basis points to 0.75 percent at its monetary policy meeting scheduled to be held on September 20 by 08:00GMT, according to the latest research report from...

Fed Hike aftermath Series: Hike probabilities over coming meetings

Sep 17, 2018 04:33 am UTC| Commentary Central Banks

FOMC increased interest rates in March and June and increased its forecast from three rate hikes in 2018 to four rate hikes. June decision was unanimous. Current Federal funds rate - 175-200 bps (Note, all calculations are...