BoJ yield curve control: Is this the way out?

Sep 22, 2016 07:44 am UTC| Commentary Central Banks

Yesterday, The Bank of Japan (BoJ) introduced a very complex instrument, qualitative and quantitative easing with yield curve control (QQE-YCC). Many financial market practitioners including the investment bank Goldman...

FX Hedging Strategy Series

FxWirePro: Fed on mute, BoK threats easing, RBI on smooth transition - Uphold INR/KRW NDF carry trades

Sep 22, 2016 07:42 am UTC| Central Banks Research & Analysis

Any slump lower in USDKRW might be drifting out of steam as the pair is the1102-1140 range that has provided support in the recent past. The price has been oscillating between this rangeand the expectations for further...

FxWirePro: Sentiments shift lures USD/TWD longs on attractive carry and China exposure

Sep 22, 2016 07:19 am UTC| Central Banks Insights & Views

Taiwanese currency appears to be rate sensitive: The sentiment toward EM currencies could be in the process of shifting and we prefer to focus on regional low yielders in expressing a bullish dollar view. The slew of...

Norges Bank likely to hold fire, recent economic data suggests recovering economy

Sep 22, 2016 06:55 am UTC| Commentary Central Banks Economy

The central bank of Norway is expected to remain on hold at 0.50 percent at its monetary policy meeting scheduled to be held today, as the recent print of a series of economic data suggest that the economy is recovering...

FOMC monetary policy September 2016: Assessing future bias

Sep 22, 2016 06:32 am UTC| Commentary Central Banks

Yesterday, FOMC policymakers preferred to keep policy steady and not to go for a hike. This was somewhat expected given the division among policymakers with regard to inflation and the pace of economic growth. Lets...

FX Hedging Strategy Series

FxWirePro: NZD/USD call writers eye on massive shrink in 1w IVs as RBNZ in MPS acknowledger’s Kiwi dollar appreciation

Sep 22, 2016 05:25 am UTC| Central Banks Research & Analysis Insights & Views

You can observe ATM implied volatilities of NZDUSD of 1w expiries have massively collapsed from 14.53% to the current 9.82% (just within two days) as this morning the RBNZ stays pat in its monetary policy, leaving the OCR...

U.S. Fed stands pat, likely to hike rates later this year

Sep 22, 2016 05:14 am UTC| Commentary Central Banks

As widely expected, the FOMC kept the Fed funds target rate at 0.25 percent-0.50 percent. However, a few analysts had anticipated a rate hike. Taking a look at the rate decision, there were three dissenters Rosengren,...