Regional manufacturing data from the KC Fed I’m doubtful about that ‘expected’ survey. I mean, who forecasts the KC Fed?
This is a move mainly directed at China Australia’s diplomatic relations with China have been . And this could be what tips the scale. Earlier in the month, China denied visas to Australian journalists on the grounds of “frosty” diplomatic relations as they seek to push the Australian government to stop the passing of this…
The market completely misinterpreted Poloz USD/CAD is down 85 pips to 1.3260 as the market has a re-think on the Bank of Canada. Initially, the market took the speech as dovish as Poloz highlighted some downside risks. But he was hardly explicit.
Latest data released by Istat – 28 June 2018 Better than expected inflation readings for Italy and a much improved one compared to what we saw in May. Spanish figures also had a similar showing earlier so that will at least be something to cheer about for the ECB.
The Reserve Bank of New Zealand monetary policy announcement for June 2018 is due at 2100GMT Unanimous expectations are for an on hold cash rate – There will be a very brief (less than a page) statement to accompany the decions There will be no press conference
Enough Poloz for you? After some pitiful questions from the audience, the media gets a crack at the BOC Governor. Watch live here:
Nasdaq down -1.54% on the day. Ouch The major indices are all closing lower today with the Nasdaq leading the way lower. The XLF, a financial ETF is down for the 13th day in a row as yields fall and the yield curve flattens. Tomorrow is the 2nd part of the bank stress test. This…
The Reserve Bank of New Zealand announcement is due at 2100GMT. Expectations are for an on hold decision. There is no press conference. For previews: 2350 GMT Japan international securities flows for the week
Getting along with Russia is a good thing Meanwhile US Senate Majority Leader McConnell says Senate to consider Trump Supreme Court nominee this fall.
A snippet from Barclays survey of Japanese bond investors on the currency: