DECEMBER THE FOURTEEN

It’s going to be quite an eventful “DECEMBER THE FOURTEEN” as we have Fed rate decision, ECB rate decision, BOE official bank rate and official exit polls for Gujarat, Himachal Pradesh assembly election lined up. Market is almost certain that Fed will hike rates, BOE and ECB will hold yet again and BJP will win […]

LAST CHANCE TO HEDGE USD LIBOR RISK?

USD 6 months LIBOR has shot up from 0.88 to 1.32 in last six months and US 10-year yield from 1.54 % to 2.59 % in last three months. Let’s go little back in time. On December 17th-2015 FOMC unanimously voted to set the new target range for the federal funds rate at 0.25 % […]

USD/INR OUTLOOK

In the last one month USD/INR tested a high of 68.87 on 24th November which also is the all-time high for USD against INR.At this level RBI intervened aggressively and contained the volatility as well as well as the Rupee fall. On 8th December Rupee hit a high of 67.32 against USD from its recent […]

EUR/USD TOWARDS PARITY OR 1.1000 ?

  ITALIAN CONSTITUTION AMENDMENT VOTE (4TH DEC)-SUNDAY Polls are suggesting Italian voters will reject a constitutional change to streamline the legislative process. If this turns true this could lead Prime Minister Matteo Renzi  resigning. In such case, Italy, may enter a period of political and market turmoil just as its fragile banks are struggling to […]