Carney to speak at 15:15 GMT (11:15 am ET) but some say the text is due at the top of the hour The location makes it likely that the comments won’t heavily dip into the outlook or monetary policy but you never know. The text is embargoed so that argues for being ready for anything.
Yellen makes her first paid appearance There is a long tradition of former Fed leaders cashing in by offering advisory services in retirement. Yellen has mostly kept a low profile and selling out to Wall Street isn’t really her style.
Spanish CB head Linde out on the wires 6 April – normalisation must be well thought through No rush then as we already know. Meanwhile EURUSD down to 1.2238 after failing at 1.2260 and EURJPY lower 131.35 with USDJPY also capping at 107.50 again.
Another rollercoaster ride albeit in tighter range 6 April Softer US jobs , stronger wages data has seen USD see-saw lower and higher with China’s non-conciliatory tones on trade being thrown into the heady mix.
ECB executive board member Coeure now talking to CNBC 6 April – ECB rate guidance will gain in importance – will see change in the mix of policy instruments – market can look through market impact of trade spat Really? Still a long way to go.
Comments by Bank of Italy’s deputy governor Fabio Panetta No surprises that Italy is in favour of loose monetary policy. Pretty much the anti-Germany, so the comments here aren’t really anything new.
ECB executive board member Coeure with scheduled speech 6 April – EU is a vehicle that brings benefits of economic openness to greatest number of its citizens
Swiss National Bank governing board member Andrea Maechler spoke in Zurich overnight, with comments that will be supportive of the Swiss Franc: Additional comments also from SNB alternate governing board member Dewet Moser will not be quite so supportive!
JPMorgan CEO James Dimon has published his annual letter to shareholders, with a warning that has somewhat slipped under the radar (bolding mine) Hmmmm, yes indeed that is a risk. Eyes have been on trade wars but the NFP later mught refocus us on economic developments.
Reserve Bank of India out with latest policy decisions 5 April – retains neutral mon pol stance – 5/6 MPC members voted for no change – Patra voted for hike of 25bps l says: