Vital Signs Series

Mixed signals from the global economy

Oct 07, 2016 01:06 am UTC| Insights & Views Economy Central Banks

The first monetary policy statement from new RBA governor Philip Lowe, the International Monetary Fund cuts global growth forecasts and mixed signals from the global economy as the US election race runs on. It was...

FX Hedging Strategy Series

FxWirePro: Is EUR/CHF still stuck in narrow range or likely to break? Central banks should answer – FX option market still signals tepid trend

Oct 06, 2016 12:47 pm UTC| Central Banks Commentary

One victim of the easing ECB euphoria is the EURCHF exchange rate. While the euro was unable to appreciate against the dollar yesterday, it was at least able to maintain the previous days level. In contrast, EURCHF eased...

Expansionary monetary policy and robust growth to see increased inflation risks in Norway

Oct 06, 2016 12:05 pm UTC| Insights & Views Economy Central Banks

Inflation trend in Norway has accelerated since the start of the year, contrary to Norges Banks expectations. Norwegian central bank had maintained a generally pessimistic economic outlook and stuck to its expansionary...

FxWirePro: German manufacturing manages to produce upbeat factory orders; Does serene ECB imply a higher euro?

Oct 06, 2016 09:46 am UTC| Central Banks

In the euro area, we look for a recovery in German factory orders and informative minutes from the ECB September meeting. In particular, we look for hints as to why the council remained silent about its QE program end date...

FxWirePro: USD vol spread trades in Scandis – USD/SEK better over EUR/SEK owing to premiums of US elections and Riksbank easing cycle

Oct 06, 2016 08:10 am UTC| Central Banks Research & Analysis Insights & Views

EURSEK is unchanged over the past month, albeit once again the cross briefly flirted with the upper end of the six-year range at 9.60-9.70. We expect continued range-trading through until year-end and then only very...

FX Hedging Strategy Series

FxWirePro: Gold seems edgy as downside risk sentiments intensify in short term owing to latest central banks catalysts

Oct 05, 2016 12:56 pm UTC| Central Banks Commentary

In the bullion market functions, it appears to be predominantly driven by major central bank catalysts in the recent month with both the BoJ and ECB broadly disappointing on easing policies relative to outlook while the...

FX Hedging Strategy Series

FxWirePro: Stay positioned in EUR/CZK as CNB indicates exit from floor

Oct 05, 2016 11:07 am UTC| Central Banks Commentary

We remain bullish CZK, with the CNB more confident it will exit from the koruna cap in mid-2017 at its latest meeting. This week, the CNB kept the benchmark rate unchanged at 0.05% and attempted to tame market...