FxWirePro: Market more focused on ECB than Fed

Jun 14, 2018 10:33 am UTC| Commentary Central Banks

Yesterdays price action post FOMC announcement strongly suggest that the market is more focused and more concerned about the future actions of the European Central Bank (ECB) that the U.S. Federal Reserve. Yesterdays...

FxWirePro: Intricacies of UST and US Interest Rate Derivatives after FOMC

Jun 14, 2018 09:27 am UTC| Research & Analysis Central Banks

Although the US dollar and the US bond yields jumped after the Fed hiked by 25bp to 1.875% and indicated few more hikes this year, the reactions were inverted during the press conference, as Fed Chair Powells tone didnt...

Digital Currency Revolution

Recent Swiss referendum strikes the chord on Bitcoin fundamentals, consensus not suffice though to prove cryptocurrency-backed economy

Jun 14, 2018 08:28 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views Fintech Commentary

Last Sunday, Swiss referendum conducted on Sovereign Money (or Vollegeld in German), where almost about 500,000 Swiss citizens casted their votes that sounds in favor of a financial system backed by fundamentals of...

FxWirePro: What to expect from ECB ahead?

Jun 14, 2018 08:04 am UTC| Commentary Central Banks

Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 11:45 GMT, followed by the press conference at 12:30 GMT. Meeting is to be held at the central bank of...

FxWirePro: DXY futures halts rallies after FOMC delivers as widely anticipated – Short hedge on forward guidance

Jun 14, 2018 07:15 am UTC| Research & Analysis Central Banks

If you plot DXY futures price chart of daily and monthly terms, the price rallies from last 2-3 (days and months) have halted at this juncture (refer above technical charts). While the US Fed hiked its key funds rates...

FOMC Monetary Policy June 2018: Assessing future bias from statement and projection materials

Jun 14, 2018 05:59 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC hiked interest rates by 25 basis points at yesterdays meeting. Current Federal funds rate target 175-200 basis points. Lets first assess the bias in monetary policy statement...

Hungarian monetary policy likely to remain dovish

Jun 13, 2018 19:56 pm UTC| Commentary Central Banks

The Hungarian Monetary Policy Council has not altered its extra dovish stance, in spite of increased volatility and deepened risk aversion on global markets. Both the policy rate and O/N depo rate remained the same at 0.9...