Central Banks

Reserve Bank of Australia December meeting minutes were earlier: Westpac out with a take now, comprehensive and detailed as always, but to jump to their conclusion (in summary, bolding mine): sentiment in these minutes is somewhat less confident about the Australian economy than we have seen in previous minutes, although the outlook for higher rates
The Bank of Japan meet this week with the statement due on Thursday 17 December 2018 As you all know, there is no scheduled time for their announcement, it comes when it comes but the 0230 to 0330 GMT is a reasonable time to  expect it. Some thoughts on what’s coming up from the Bank
Big US week coming up – FOMC rate hike expected Coming Up! Title text for next article A preview of the Federal Open Market Committee meeting due this week This is via RBC: We think the probability is extremely low that the Fed doesn’t hike at
Robin Hood might be the most important company in the world The next great technological disruption is going to be in banking and brokerages. It’s already underway and it’s going to put massive amounts of money into people’s pockets that was otherwise destined for banks. That’s good and bad. Strong banks have money to lend
A beat for the ‘headline’ result  Tankan Large Manufacturing Index, 19. Matches Q3 and a beat of estimate.  expected 18, prior was 19 Tankan Large Non-Manufacturing Index, 24. Beat here also, and ahead of Q3. expected 21, prior was 22 Tankan Large Manufacturing Outlook, 15. I thought the outlook might have improved. Nope.  expected 17,
The Q4 Bank of Japan Tankan Survey of manufacturing and service companies, designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly. Due at 2350GMT Tankan Large Manufacturing Index, expected 18, prior was 19 Tankan Large Non-Manufacturing Index, expected 21, prior was 22 Tankan Large Manufacturing Outlook, expected 17, prior was 19
Comments from Draghi Monetary policy is very accommodative The drivers of the economic recovery are still in place, consumption continues to grow, driven by increases in disposable income Business investment continues to grow, residential investment is robust External demand has gone down but still grows It’s not just a one-off, it’s been weaker for awhile
Euro lower on the headline Headline inflation likely to decrease in the coming months, mostly due to oil Measures of underlying inflation remain generally muted but domestic pressures strengthening Underlying inflation to increase in medium term Blames softer external demand and trade for softer growth outlook Governments need to rebuild fiscal buffers The euro is
Norges Bank in Norway and Sveriges Riksbank (Riksbanken) in Sweden meet 13 December 2018  For those trading NOK and SEK …. quickie previews (these via Barclays): We expect Norges Bank (Thursday) to keep policy unchanged at 0.75%, consistent with market expectations.  Activity data have been somewhat softer than expected but Norges Bank’s forward guidance will likely
Forex news for Asia trading Wednesday 12 December 2018 The session got off to an active start with news Huawei CFO Meng Wanzhou was granted bail in Canada. ‘Risk’ responded only mildly. An interview with US President Trump hit news wires soon after in which the President pondered using meng as a bargaining chip in
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Poloz: There is no ‘Poloz put’ Coming Up! Title text for next article More from Poloz: Can understand markets being preoccupied with the risk of a trade war Impact on economy from energy sector is looking material but smaller than in 2015-16 It’s the discount for light