ECB unlikely to undertake measures on Thursday
Jan 19, 2016 06:12 am UTC| Commentary Central Banks
The ECB is likely to keep a dovish tone but is not expected to take action this week. The central bank President Draghi is expected to argue that the measures undertaken in the past will be successful and will lead to a...
Bank of England's first rate hike likely in H1 2016
Jan 18, 2016 22:54 pm UTC| Commentary Central Banks
Last week BOE left the monetary policy unchanged, keeping the main rate at 0.5% and the QE amount at 375 billion annually. Only one Monetary Policy Member voted for a rate hike, as was broadly expected. According to the...
Central bank of Turkey unlikely to change its policy rates at January MPC meeting
Jan 18, 2016 11:24 am UTC| Commentary Central Banks
In the January MPC meeting on Tuesday, the Central Bank of Turkey is likely to keep all of its policy rates unchanged. The central bank in the December MPC minutes had suggested simplification steps that could start in...
BoC's likely overnight rate cut to weigh on Loonie
Jan 18, 2016 09:01 am UTC| Commentary Central Banks
Bank of Canada is likely to lower its overnight rate by 25bp on Wednesday. The price of Western Canadian Select (WCS) has declined by 50% since the central bank published its Monetary Policy Report in October. The fall has...

FxWirePro: Driving forces of NZD in 2016 – delta combinations serve long term hedging objectives
Jan 18, 2016 07:41 am UTC| Technicals Central Banks
Kiwi dollar should run down again on rate solidity from both sides as the Fed hikes and RBNZ eases another 50 bps (only 25 bps is priced). The material deterioration in current account deficit from -3.5% to -6% or -7%...
BOJ offers to buy 890 bln yen JGBs with residual maturities outright from 1/20
Jan 18, 2016 01:14 am UTC| Central Banks
BOJ offers to buy 450 bln yen JGBs (Residual maturity of 5YR to 10YR) BOJ offers to buy Y 260 bln JGBs (Residual maturity of 10YR to 25YR) BOJ offers to buy Y 180 bln JGBs (Residual maturity is more than...

ECB's dovish stance should pressure Euro
Jan 18, 2016 00:49 am UTC| Commentary Central Banks
The ECB policy settings are widely expected to remain unchanged in its January meeting and press conference (Thursday) this week. Its dovish rhetoric is expected to put a downward pressure on the currency. In the...
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