FxWirePro: The Day Ahead- 15th November, 2016

Nov 15, 2016 05:02 am UTC| Commentary Economy Central Banks

Lots of economic dockets and events scheduled for today and some with high risks associated. Upcoming: Germany: Third quarter flash GDP numbers will be released at 7:00 GMT. Zew survey report for November will be...

FxWirePro: USD/TRY still lingers at fresh all-time highs, breaks out of long lasting range as lira bulls give up momentum

Nov 14, 2016 12:40 pm UTC| Technicals Central Banks Insights & Views

The Turkish lira weakened sharply last week, with USDTRY surpassing 3.05 range and then 3.27 at one stage on Friday. Following on from the above explanation on EM FX, we note here that CBT is likely to be pushed into a...

CBT unlikely to slash interest rates this year, will attempt to calm markets, says Commerzbank

Nov 14, 2016 12:27 pm UTC| Commentary Economy Central Banks

The central bank of Turkey is expected not to slash interest rates this year, although there is no aim to raise rates either. CBT will delay tightening policy and will attempt to calm things down by tweaking FX liquidity...

FX Hedging Strategy Series

FxWirePro: USD/CNY extends fresh 7-1/2 years highs – Is it really depreciation in Chinese currency? A fair way of interpretation

Nov 14, 2016 12:02 pm UTC| Central Banks Commentary

USDCNY reaches new highs on a daily basis, spiking higher at 6.8428 levels. The exchange rate is back on levels last seen in 2008. A collapse of the Chinese currency one may think. But this interpretation is...

FX Hedging Strategy Series

FxWirePro: NZD index signifies extreme vulnerability, ITM delta puts to serve as optimal hedging for a sturdier USD amid carry pullback ahead of data events

Nov 14, 2016 09:29 am UTC| Central Banks Research & Analysis

The NZD has under-performed considerably post-RBNZ monetary policy and the Trumps victory. Concerns about exports, plus a stronger US dollar, are at play. The FxWirePro NZ dollar strength index flashing up with negative...

Fundamentals to watch out for this week

Nov 14, 2016 07:50 am UTC| Commentary Economy Central Banks

Compared to last week, this week is less risk heavy. However, there are few speakers this week, who could add some serious volatility in the market. What to watch for over the coming days: US Presidential elect...

Renminbi Series

Renminbi Series: PBoC sets yuan band at weakest level in 7 years

Nov 14, 2016 04:49 am UTC| Commentary Economy Central Banks

Peoples Bank of China (PBoC), the Chinese central bank that sets that yuan trading central point every day before trading opens has set it at theweakest level since 2009. The yuan is currently allowed to trade within a...