FX Hedging Strategy Series

FxWirePro: Use momentary PLN loses in put ladder to hedge USD/PLN depreciating risks on Polish rate cut expectations

Aug 26, 2016 12:23 pm UTC| Central Banks Commentary

As per the National Bank of PolandsMPC, the latest minutes unpredictably indicated that several MPC members are willing to consider rate cuts. This comes as a surprise because individual interviews in recent months tended...

Janet Yellen’s Jackson Hole speech preview

Aug 26, 2016 11:11 am UTC| Commentary Central Banks

Federal Reserve Chair Janet Yellen is scheduled to begin her speech in Jackson Hole economic symposium organized by Kansas City Federal Reserve, today at 14:00 GMT and the subject is Federal Reserves monetary policy...

National Bank of Poland likely to cut rates by 2016-end

Aug 26, 2016 09:16 am UTC| Commentary Central Banks

The National Bank of Polands Monetary Policy Committees latest minutes surprisingly indicated that many MPC members are ready to consider lowering interest rate. This is unexpected as individual interviews in recent months...

FxWirePro: Derivatives strategy for EURIBOR as ECB continue to be dovish until Christmas

Aug 25, 2016 13:34 pm UTC| Central Banks

Long-term hedge against higher rates: As the EUR long rates have moved lower and the yield curve has flattened, there is increasing interest in long-term hedges against a scenario of rates eventually moving higher. EUR...

Negative interest rate policy arouse doubts over impact on capital markets, IMF defends ECB’s policy

Aug 25, 2016 11:54 am UTC| Commentary Central Banks

The negative interest rate policy has aroused doubts over the potential impact on capital markets; the debate about whether a negative interest rate policy (NIRP) helps or hinders the transmission mechanism of monetary...

Briferendum Aftermath Series

Briferendum Aftermath Series: BoE’s long-dated gilt purchases likely to face troubles ahead

Aug 24, 2016 11:27 am UTC| Commentary Central Banks

The Bank of Englands (BoE) newly introduced quantitative easing unlikely to be a smooth one, especially the purchases of long-dated gilts. The central bank is purchasing 1.17 billion worth of short-dated securities on...

PBoC likely to stay neutral for an extended period to avoid potential financial bubbles

Aug 24, 2016 11:21 am UTC| Central Banks

The Peoples Bank of China is expected to stay neutral for an extended period of time, in order to avoid potential property and financial bubbles. The corridor of 7-day repo rate is targeted to centre around 2.25 percent...