FxWirePro: Yellen’s dovish testimony to bolster constructive EMFX – Buzzing derivatives trades

Jul 14, 2017 07:26 am UTC| Central Banks Research & Analysis Insights & Views

The semi-annual Congressional testimony of Fed chair Janet Yellen was the most important event of this week so far. Not surprisingly, it did not reveal anything new in comparison to the minutes of the FOMCs June meeting:...

Bank of Korea remains on hold in July, gradual normalization likely in near future

Jul 13, 2017 22:13 pm UTC| Commentary Central Banks

As widely expected, the Bank of Korea remained on hold on Thursday; however, the market is curious to know how the central bank would comment on the current economic situation, noted Commerzbank in a research...

Bank Negara Malaysia looks beyond inflation spike, likely on hold till end-2017

Jul 13, 2017 11:51 am UTC| Insights & Views Central Banks

Malaysias central bank kept its benchmark rate unchanged today as expected. The central bank held rates unchanged at 3 percent despite higher inflation as it sees the economy maintaining steady growth and inflation spike...

Use of FxWirePro’s KO options strategy serves cost effective optimal hedging after BoC’s action

Jul 13, 2017 08:22 am UTC| Research & Analysis Central Banks Insights & Views

The loonie keeps flying after BoCs rate hikes of 25 bps. The CAD was near 13-month highs after its countrys central bank hiked interest rates. Weve seen breach below 1.29 levels as anticipated. And accordingly, weve...

BOC monetary policy decision: Assessing future bias

Jul 13, 2017 08:07 am UTC| Commentary Central Banks

Bank of Canada (BOC) as expected, increased interest rates by 25 basis points after signaling such a move since early June. But how the bank is planning for future? Lets asses the bias in the monetary policy...

FxWirePro: The Day Ahead- 13th July 2017

Jul 13, 2017 04:37 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: China: Trade balance for June came at $42.77 billion. Imports are up 17.2 percent, while...

Bank of Canada hikes key interest rate by 25 bps, another hike likely in October

Jul 12, 2017 22:08 pm UTC| Commentary Central Banks

The Bank of Canada hiked its key monetary policy interest rate by 25 basis points to 0.75 percent on Wednesday. The central bank upgraded the growth outlook again, expecting the economy to expand 2.8 percent in 2017 and 2...