USD/CNH likely to face downside risks as China’s FX reserves drop to lowest since 2012

Sep 22, 2016 07:14 am UTC| Commentary Economy

Chinas foreign exchange reserves have dropped to its lowest level since 2012, reflecting that the Peoples Bank of China (PBoC) should have defended USD/CNY at 6.70 last month. Looking ahead, it is expected that the PBoC...

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...

India’s trade deficit shrinks in Q2, foreign exchange reserves rise

Sep 22, 2016 06:13 am UTC| Commentary Economy

Indias trade deficit shrank during the second quarter of this year, defying market expectations for the first surplus in nine years, as citizens abroad sent fewer remittances home. India posted a current account deficit...

Canada July wholes sales rise for 4th straight month; OECD cuts Canada’s economic growth forecast

Sep 22, 2016 05:44 am UTC| Commentary Economy

Wholesale sales in Canada rose for the fourth straight month in July, largely in line with market expectations. However, the Organization for Economic Co-operation and Development (OECD) has slashed the economic growth...

FxWirePro: The Day Ahead- 22nd September, 2016

Sep 22, 2016 05:05 am UTC| Commentary Economy

Not many economic dockets scheduled for release today and all with low to medium risks associated. Upcoming: France: Business climate data for September will be released at 6:45 GMT. Eurozone: Economic...

German economic growth likely to be favored by upbeat domestic activity, says Bundesbank

Sep 22, 2016 04:41 am UTC| Commentary Economy

German gross domestic product is expected to rise this year and the coming on favorable upswing seen in domestic activity and estimated potential increase in output which has been raised slightly as a result of the higher...

FX Hedging Strategy Series

FxWirePro: GBP calls efficient functionality in arresting depreciating risks via backspreads against EUR – More bids on 3m tenors

Sep 21, 2016 13:10 pm UTC| Economy Research & Analysis

GBP fell further than expected in the aftermath of the UK vote to leave the EU and after the MPC eased policy at the start of August. Since then, a bounce in economic indicators has been accompanied by a GBP bounce to...