Central Banks

Reserve Bank of New Zealand Official Cash Rate target left at 1.75% This was the expected decision  Its the last for Acting Governor Grant Spencer (term ends on 26 March, incoming Governor Adrian Orr begins on 27 March) This is the final OCR decision under the existing Policy Targets Agreement (PTA) between the RBNZ Governor
Well, there was nothing hawkish There was no smoking gun from the Federal Reserve statement, forecasts, dot plot or the press conference. There isn’t a single headline you can point to that drove the market direction. So to understand why the US dollar has been so soft, you need to go back to before the
I guess the headline above is the bottom line from the Federal Reserve expected on Wednesday   Barclays:    We expect a 25bp increase in the target range for the federal funds rate when the FOMC meets next week. There have been important developments since the committee last submitted forecasts in December, namely, the implementation
Earlier post on the Reserve Bank of Australia March meeting minutes is here: Some (in brief) commentary from CBA: no surprises key themes of a strong global back drop, solid domestic economic conditions but weak wages growth and inflation growth have not changed growth is expected to exceed potential in 2018. With potential growth considered
Speech from Reserve Bank of Australia Deputy Governor Guy Debelle Says global asset prices depend on rate structure remaining low Equity prices assume global economy can grow strongly without pick up in inflation Says investors should question how long such a “benign conjuncture” can last Global monetary stimulus will unwind as world recovers, lift short-term
SNB rate decision and statement now out 15 Marc sight depo  -0.75% 3mth LIBOR lower range -1.25% 3mth LIBOR upper range -0.25% Rate hold as expected. Swiss franc remains highly valued will remain active in FX market as necessary while taking the overall ccy situation into consideration situation in fx market is still fragile and monetary
Bank of France governor and ECB board member Francois Villeroy de Galhau spoke to CNBC earlier Says that any escalation in protectionism would be a ‘real risk’ to the global economy Regarding Eurozone recovery and the progress in inflation, he says “there is a convergence of market views and our outlook” Europe’s economic issues are
Can it stay above the 131.975-132.175? The EURJPY has moved sharply higher today and in the process has moved some key technical levels: The price moved above the 100 hour MA in the Asian Pacific session (blue line currently at 131.439) The price moved above the 200 day MA at 131.54.   That break is not