Forecasts were for a slightly lower USD/CNY reference rate again today. A brave lot the people predicting what the PBOC will do, hats off to them. (Actually the consensus of all of ’em was higher, but the ones I had seen were very close to the money in tipping just a few points lower than…
On Monday Goldman Sachs outlined their their expectation of a 7 for USD/CNY within six months Post is here This their latest (in brief), a bit of a rethink Watch for 7/7.005 for a potential top
Fed Chair Powell speaking, press conferences after each meeting means all meeting live – Very happy about state of economy – Economy in such a good place right now
Federal Reserve head honcho J Powell speaking Live ForexLive
UBS Chief China economist cited in the Securities Times today, says to expect an RRR cut from the People’s Bank of China – 0.5% – during this quarter snippet via Bloomberg
Here is the preview with what to watch out for from earlier: And, to watch the speech live: ForexLive
Is it just me or does the Federal Open Market Committee seem firmly set on a December rate hike … like an auto pilot setting In the face of data that might be indicating (OK, is) a slowdown in the US (and globally) and already tightening financial conditions?
Powell commenting on the blow out taking place in government debt – notes that debt is not a new problem – is an issue in medium in longer term – not something the Fed has control of
Listening live to Powell he does not sound like his views have changed I am seeing some reading his comments as more dovish. Take that for what its worth but he sounds be striking balanced tone to me.
Powell says financial market movements matter to the Fed but main focus is real economy – Financial mkt moves one of many factors the fed watches – If credit spreads gap out will have a negative effect