FOMC members divided, minutes provide no hard clues about the timing of the next rate hike

Aug 18, 2016 11:34 am UTC| Insights & Views Economy Central Banks

US Federal Open Market Committee minutes released overnight highlight that officials are divided, with no clear indication of when the central bank will hike next. The minutes showed that members were generally upbeat...

FX Hedging Strategy Series

FxWirePro: No turbulence in Euro OTC amid ECB’s minutes that likely to continue "wait and see" approach on Brexit

Aug 18, 2016 07:30 am UTC| Central Banks Commentary

Last months ECB meeting was surprisingly muted, with most members of the Governing Council appearing to opt for a wait-and-see approach after the Brexit referendum. The minutes released today could nevertheless provide...

Minutes shows considerable divisions in FOMC

Aug 18, 2016 07:02 am UTC| Commentary Central Banks

July was a meeting where only Kansas City Fed President Esther George voted in favor of a rate hike; however, the minutes released yesterday shows deep divisions among policymakers, which left the door open for a rate hike...

Currency War Series

War between FX vols, central banks, EMs and hedging costs

Aug 17, 2016 13:47 pm UTC| Central Banks

FX volatilities currently trade at higher levels than before but we have to realize that previous abnormally low levels in 2014 were the exception, not the rule. Hedging costs increased partly because of higher FX...

UK's first hard data post-Brexit don’t show much impact yet, likely to keep BoE on hold at Sept meet

Aug 17, 2016 12:04 pm UTC| Insights & Views Economy Central Banks

The first set of UKs hard data from the post-referendum period do not show any major impact from Brexit yet and hence is likely to keep the Bank of England (BoE) on hold at its September 15 meeting. A survey by...

Long-dated gilt yields dive below short-dated ones at auction

Aug 17, 2016 11:28 am UTC| Commentary Central Banks

Long-dated government bond frenzy continues in the UK bond market and that has led to something you dont see every day. The demand is so high that investors bought 1.25 billion long-dated gilts at an average yield of 1.214...

What to watch out in today’s FOMC minutes?

Aug 17, 2016 10:45 am UTC| Commentary Central Banks

Today, Federal Reserve Open Market Committee (FOMC) will release the minutes of its July meeting, which is the biggest event risks for the dollar-based pairs. Todays minutes are of particular interest to have a feel of...