Central Banks

Bank of America Merrill Lynch on the euro Bank of America Merrill Lynch Research discusses EUR/USD outlook and notes that all eyes are now on the ECB meeting next week. “Our economists expect President Draghi to emphasize two messages on Thursday: first, sequencing is an ironclad element of forward guidance and is sacrosanct. Second, changes to communication will be
SNB chairman Jordan speaking on Swiss TV 22 Jan Reuters reporting no need to rush interest rate hikes as inflation remains low balance sheet reduction must be considered carefully and effect on monetary conditions considered Nothing new so far from everyone’s fave central banker. He’s used “highly valued” rather than “over valued” for a while
The Governing Council of the European Central Bank meet Thursday this week  RBC preview what to expect We don’t expect the ECB to announce any major changes at its first meeting of 2018. That is despite the account of its December meeting saying that the ECB would make changes to its forward guidance ‘in coming months’.
Up from Friday’s estimate In their words: The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.4 percent on January 18, up from 3.3 percent on January 12. The fourth-quarter forecast of real consumer spending growth increased from 3.8 percent to 4.0 percent after Wednesday’s industrial production
Reuters poll of 75 economists – all expect BoE on hold at next meeting Coming Up! Title text for next article The Bank of England meet on February 8 Reuters poll-all 75 economists polled expect Bank to leave bank rate at 0.50 pct next rate move expected in q4
ECB VP quoted by Livesquawk from interview with La Repubblica Don’t think he’s talking about a 50 pip drop or rally though! Further to previous reports/comments posted here and here by Justin: Says Constancio: “As it is known, we don’t target the exchange rate. But I am concerned about sudden movements which don’t reflect changes
The euro rocketed higher after the reelase of the European Central Bank minutes New ForexLive legend Justin had the news as it hit: Commentary (in brief) via Barclays (bolding mine): minutes … confirmed … a broad consensus within the GC on the better orientation of the economic and inflation outlook However, given the ongoing acceleration in
Speaks on tax cuts and implications US tax cuts to get short-term boost to economy but pose serious long-term risks tax cuts will come at a cost, pose challenges for Fed says tax cuts make him considerably more cautious about longer-term economic Outlook US fiscal path now unsustainable, sees risk to US credit worthiness significant
The yen has surged the past 2 days, the catalyst that kicked it all off was the Bank of Japan reducing its JGB purchases size: This links are all from Tuesday, I posted further on it yesterday: Positioning (extreme yen shorts) has been a big factor, in some of those posts (above) I highlighted where stop
Bank of France’s central banker speaking on LCI TV He adds: France must improve public finances and cut deficits Bank of France sees French GDP growing 1.9% in 2017 BOF will also raise French 4Q growth target to 0.6% on QoQ from 0.5% previously Thursday’s business confidence data is good The EURUSD is trading at
Fed’s Kaplan not done talking: He expects 3 hikes in 2018 Coming Up! Title text for next article Comments from Fed’s Kaplan reduced China debt buying would likely not disrupt Feds plan to gradually shed bond holdings He added on China chatter that it would be