The ECB decision is Thursday The UK drama has dominated the market’s attention this week but the ECB will step into the spotlight on Thursday with Draghi’s latest interest rate decision.
Norges Bank in Norway meet 13 December 2018 and Sveriges Riksbank (Riksbanken) in Sweden For those trading NOK …. quickie previews (these via Barclays):
Goldman Sachs on the Federal Reserve What’s really changed in the past two months? In early October markets were cheerful and the Fed was hammering home the idea of continued gradual rate hikes.
There will be element of book talking in Larry Kudlow’s comments, but nevertheless he does have a point ahead, but not for December, I reckon that is on, National Economic Council Director Kudlow
Goldman Sachs on their outlook for the Federal Reserve tightening path ahead GS main points arguing against a March hike: (bolding mine) View is via GS economists
People’s Bank of China set the yuan against its basket at 93.18 on Friday – up 0.99 on the week PBOC skips open market operations again today (this is for the 32nd session in a row)
Just a few snippets (collated via Bloomberg) from around the place on the US and the USD Rabobank to support the USD in the near term disappointing November employment data, but
People’s Bank of China onshore yuan rate for the day’s trade – + or – 2% variation permitted only (PBOC will intervene at those extremes if needed) – but USD/CNH – no limits USD/CNY cracks through 6.9 for the first time … ohhh … in about 2 weeks. Never mind. 😀
US President Trump waving a red rag at a charging bull with this – Would be foolish for the Fed to raise rates next week – Says he is ‘fighting some trade battles’ and needs ‘accommodation’
National Australia Bank were expecting RBA hikes in Q2 and Q3 of 2019 Says no. Have pushed out to the second half of 2020 — NAB are not the only banks to be revising their expectations for the Reserve Bank of Australia