News | Forex Optimum



BoJ likely to increase its bond purchases - UOB

NFXStreet reports that Economist at UOB Group Lee Sue Ann notes that the BoJ is now expected to refrain from cutting rates further into the negative territory and is seen increasing its bond purchasing programme instead at the next meeting (Thursday).

“We still expect the BoJ to do more and enhance its monetary easing stance further in 2H20. However, our long-held view that it will ease via deepening further its negative policy rate is now an increasingly remote possibility.”

“Instead, we think the BoJ will ease via increasing its JGB purchases.”

You may also be interested:

11:20 29.09.2020
GBP/USD attempts to recover towards 1.3070 - Commerzbank
FXStreet reports that GBP/USD is bouncing from the 200-day ma at 1.2717 and was last seen trading at 1.2847, up 0.1% on the day. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that the cable has room to rise to 1.3070, but a failure here would allow for further losses to the 1.2250 area.“GBP/USD saw a decent recovery yesterday from the 200-day ma at 1.2717, but the rally has yet to overcome any resistance of note.”“Initial resistance lies at 1.3008 the mid
10:57 29.09.2020
NZD/USD points to extra rangebound near-term - UOB
FXStreet reports that FX Strategists at UOB Group note that NZD/USD could see the continuation of the consolidative range ahead of further losses.24-hour view: “NZD traded between 0.6540 and 0.6567 yesterday, narrower than our expected consolidation range of 0.6525/0.6575. Momentum indicators are still mostly neutral and NZD could continue to trade sideways for today, albeit likely within a higher range of 0.6540/0.6595.”Next 1-3 weeks: “We have held a negative view in NZD since early last week.
10:45 29.09.2020
RBA: Negative rates pretty much ruled out - Citibank
FXStreet reports that ahead of the Reserve Bank of Australia’s (RBA) October 6 monetary policy meeting, analysts at Citigroup believe that the Australian central bank will likely keep the policy steady while dismissing the negative interest rates talks.“RBA is in wait and see mode.”“RBA is comfortable for now with the current level of monetary stimulus.”“Negative rates pretty much ruled out.”“Risks to AUD are fat tailed: Second wave risks, Health disappointment, US election, 
Bonuses VIP