China Crisis Series

China’s FX reserves data may lay down negative tone for EM in coming week

Feb 05, 2016 09:34 am UTC| Commentary Central Banks

Chinas data of FX reserves might lay down a negative tone for emerging markets in the coming week, particularly if the likelihood of a sharp decline in reserves proves correct. Moreover, the overall activity might be...

Currency War Series

BOJ easing success or failure?

Feb 05, 2016 07:56 am UTC| Commentary Central Banks

Bank of Japans (BOJ) easing has been much criticized and called a failure as it failed to boost both Nikkei and Yen. Yen is now stronger than it was before Bank of Japan (BOJ) announced negative rates. Nikkei has reversed...

Currency War Series

Emerging Market Crisis Series

Bank of Mexico holds interest rate, peso’s recent depreciation major threat to inflation

Feb 05, 2016 06:43 am UTC| Commentary Central Banks

The Bank of Mexico kept the interest rate unchanged at 3.25%, on par with expectations. The central bank, in its statement, acknowledges a decline in growth outlook, both domestically and globally, and looks at the recent...

RBA maintains 2016 inflation and growth projections, lowers 2017 growth forecast

Feb 05, 2016 06:04 am UTC| Commentary Central Banks

The RBA has kept the key inflation and growth projections unchanged for 2016. It has moderately lowered its projections for 2017 growth to 2.5%-3.5% from its earlier estimate of 3%-4%. The central bank has kept its 2017...

February UK MPC Minutes-slightly dovish than expected

Feb 04, 2016 15:56 pm UTC| Commentary Central Banks

The Bank of England delivered more dovish signals than expected at todays Super Thursday. The central bank said its policy committee members voted 9-0 to keep interest rates on hold . The BoE also released quarterly...

FX Hedging Strategy Series

FxWirePro: Stay hedged in GBP/CHF via PRBS to reduce hedging cost on monetary policy risks between UK and Swiss central banks

Feb 04, 2016 13:54 pm UTC| Technicals Central Banks

The Bank of England has upheld its monetary policy stance unchanged, standing pat on the official Bank Rate at 0.5% and the APF at 375bn. More importantly, the split of the vote for the bank rate decision has changed.As...

Ian McCafferty: twice hawk, twice fail

Feb 04, 2016 12:26 pm UTC| Commentary Central Banks

Bank of Englands (BOE), only vocal hawk disappeared today again. Ian McCafferty dropped his call for immediate rate hike and Bank of Englands Monetary Policy Committee (MPC) is united again in their vote. 9-0 in favor of...