The European Central Bank forum continues Wednesday 20 June 2018 , the highlight will be at 1530GMT Policy panel discussion with – Mario Draghi, President, European Central Bank The topic is:
Comments by ECB member Ewald Nowotny EUR/USD suffered a dip on the headlines, to a low of 1.1537 before bouncing back to 1.1553 now. The pair was trading around 1.1570 levels prior to his comments.
Comments by ECB member and Bank of France governor Villeroy Po-tae-to, po-tah-to. Very much the same message as what we heard yesterday from Draghi and Liikanen. Seems like there is a clear message to put emphasis on the “summer of 2019”. Regardless, the market is currently putting the benchmark for an ECB rate hike to…
So reports Financial news in China – People’s Bank of China to inject around 200bn yuan in MLF loans huh …. so the reports go. But no indication on maturity (it’ll be either 1 year or 6 months, maybe 3) nor interest rate as yet (last time the rate was 3.3%)
Tokyo University professor Tsutomu Watanabe is a former BOJ monetary policy maker He has some sobering advice: “The last five years have confirmed that the policy hasn’t had any effect,” on prices,
A one-liner from Barclays on what they expect from the RBA minutes today Meanwhile, ANZ: Earlier – more real quick ‘what to expects’ from the banks: – TD:
We get Reserve Bank of Australia minutes for the June meeting today, coming up at 0130GMT on Tuesday 19 June 2018 – And then we get a speech from RBA Governor Lowe the following day, Wednesday 20 June 2018 at 1330GMT I had earlier comments on these events
Kicking off the calendar today for Australian info is the weekly ANZ Roy Morgan survey of consumer confidence (due at 2330GMT) – Last week was a big jump to 123.0 (from 116.5 the previous week) and back to around 2018 highs:
The European Central Bank’s Forum on Central Banking in Sintra, Portugal continues today On the agenda: 9am (Sintra time, which is 0800GMT) An introductory speech from Mario Draghi, President, European Central Bank
ECB member Philip Lane speaks to Bloomberg TV Some jibber-jabber there from Lane. Nothing to really change the overall picture that we have on the ECB and on trade for that matter.