The Fed’s anecdotal report The new report is due out at the top of the hour. The highlights of the March 7 release . are here
I spoke with BNN earlier today At the moment, USD/CAD is testing the highs of the day at 1.2660, which was the spike high after
Bullard on the outlook – Unemployment could go into 3% range – Feels like the Fed needs to debate the yield curve issue right now – Market doesn’t see ‘that much’ inflation pressure Bill Gross the swaps curve yesterday and said it’s more important than the yield curve. It’s also nearly inverted.
NY Fed governor The USDJPY is back above the 100 hour MA at 107.245. The GBPUSD remains below its 200 hour MA at 1.42126. The NY session low for the EURUSD is at 1.2370. The price is just above that at 1.2374. PS. the EURUSD closed at 1.2367.
Speaking at CUNY college in NY City A couple of day’s ago Dudley said: Dudley is the New York Fed President but he’s retiring in June., Williams will replace him.
Bank of Canada press conference From the opening statement: – Deliberations focused on appropriate pace of rate rises – Recent wage data has been encouraging These are some dovish comments and USD/CAD is at fresh highs of the day.
Poloz and Wilkins to speak Poloz and senior deputy Wilkins will deliver an opening statement and then take questions from the media starting at 11:15 am ET (1515 GMT). Watch the event live, here:
Bank of Canada maintains overnight rate target at 1 ¼ per cent The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent. The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent.
Inventories tighten If you’re in oil or industrial metals, this month has been a raging bull market. If you’re in natural gas, it’s been the same continued skid along the bottom.
Barclays economists cut estimate Barclay’s tracking estimate has been around 1.5% for awhile so it’s not a big surprise. The first look on GDP is due next Friday, April 27 but it’s endlessly revised afterwards.