FxWirePro: The Day Ahead- 17th April 2017

Apr 17, 2017 04:11 am UTC| Commentary Economy Central Banks

Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Data released so far: China: GDP grew by 1.3 percent in the first quarter, up 6.9 percent from a...

Changes to U.S. trade policy pose greatest risk to Canada’s economic outlook, warns Bank of Canada

Apr 14, 2017 15:00 pm UTC| Commentary Economy Central Banks

Bank of Canada held interest rate unchanged at 0.5 percent at its latest policy decision on Wednesday,but warned of persistent risks that suggest it will not hike anytime soon. In January, BoC governor Poloz had left the...

Central Banking Series

Monetary Authority of Singapore keeps monetary policy unchanged as widely expected

Apr 13, 2017 15:40 pm UTC| Commentary Central Banks Economy

The Monetary Authority of Singapore (MAS) kept its monetary policy unchanged on Thursday as widely expected. As indicated in the October meeting, policymakers observed that a neutral policy stance is appropriate for an...

FxWirePro: Use momentary stabilization in Turkish lira to deploy short legs in CCS

Apr 13, 2017 13:38 pm UTC| Central Banks Insights & Views

Following the attempted coup and the wave of purges by the Erdogan government, the Turkish economy slipped into recession. But according to official data, GDP jumped in Q4 by a hefty 3.9% in the quarter. Monthly data...

FxWirePro: Credible Russian central bank curbs depreciation stress – Deploy put spreads for further USD/RUB depreciating risks

Apr 13, 2017 13:13 pm UTC| Central Banks Research & Analysis Insights & Views

After having contracted massively by 2.8% in 2015, the minus in 2016 amounted to only 0.2%. The economy looks set to recover this year and the next. But especially in view of Russias heavy dependence on the oil price, we...

FxWirePro: Swiss franc to boost up even after French political risk elapses and SNB tapers - Append longs in CHF vs USD via put spread and EUR cash

Apr 13, 2017 12:25 pm UTC| Central Banks Research & Analysis Insights & Views

We continue to envisage a phased decline in EURCHF to 1.03 by year-end predicated on a relaxation in the SNBs very aggressive intervention tactics once the immediate threat of exchange rate instability spilling over from...

Doves on Reserve Bank of Australia monetary policy board to be sidelined after stellar jobs data

Apr 13, 2017 12:14 pm UTC| Insights & Views Central Banks

According to data published by the national statistics bureau on Thursday, Australias seasonally adjusted overall employment rose by 60,900 in March, following a revised gain of 2,800 in February. The rise was far above...