Central Banks

Counting down to the Fed Minutes

Counting down to the Fed Minutes

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Audio preview of the FOMC minutes Later today the Fed will release the Minutes of the latest meeting, which proved to be an important one, as it had the Fed bending to the pressures of both domestic and international forces, that were screaming out to put the brakes on the policy normalization process. ForexLive
ECB’s Praet: Eurozone outlook may be changing more fundamentally

ECB's Praet: Eurozone outlook may be changing more fundamentally

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Further comments by Praet ECB not necessarily will take decision on TLTRO in next meeting ForexLive I'm presuming by the headline comment he means that it may not just be a transitory issue that the economy is slowing. Let's see if that flows into discussions during the March meeting in a couple of weeks' time.
ECB’s Praet: Normalisation of central bank instruments is not akin to policy tightening

ECB's Praet: Normalisation of central bank instruments is not akin to policy tightening

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Comments from ECB's Peter Praet in Frankfurt Expects key rates to remain at present levels through the summer of 2019 ForexLive Very little of note by Praet in his speech. In short, he doesn't want to talk up raising rates in the summer as a big step in tightening monetary policy. The full presentation of…
BOJ’s Kuroda: Currency rate is decided by various factors

BOJ's Kuroda: Currency rate is decided by various factors

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Comments by BOJ governor Kuroda in parliament No one thing decides currency levels Yield spreads can affect currency moves Doesn't believe current BOJ policy is weakening the yen BOJ policy doesn't target currency levels BOJ policy is aimed at stabilising prices Believes that this view is understood by the US ForexLive A very coordinated effort…
NAB on the yen, Japan’s trade deficit, and Bank of Japan more easing threats

NAB on the yen, Japan's trade deficit, and Bank of Japan more easing threats

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National Australia Bank comments on the higher USD/JPY  Says today's trade data (post here: Japan trade balance for January: Y -1415.2bn (expected Y -1029.1bn)) a sign  "the BOJ will keep its foot firmly on the easing pedal" And  " with the threat of more to come if yen appreciation derails Japan's inflation outlook" NAB taking heed of…
Minutes of the January FOMC meeting due today – preview

Minutes of the January FOMC meeting due today - preview

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do…
FOMC meeting minutes press lock up cancelled due to severe weather

FOMC meeting minutes press lock up cancelled due to severe weather

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There has been no change in time for the publication of the Federal Open Market Committee minutes   But the press lock up has been cancelled That'll make dissemination of the major points from the minutes slower than they usually are (the press lock up allows journalists to write up their report for release at…
FOMC minutes to be released on Wednesday, US time  – preview

FOMC minutes to be released on Wednesday, US time - preview

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do…
PBOC sets USD/ CNY mid-point today at 6.7558 (vs. yesterday at 6.7642)

PBOC sets USD/ CNY mid-point today at 6.7558 (vs. yesterday at 6.7642)

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PBOC pumps up the yuan OMOS: injects 20bn yuan via 7 day reverse repos No RRs mature. A little earlier the PBOC said it would implement 1-year central bank bill swaps  A small move only. At the margin it will help boost lending. The amount is not of much significance though. --- Plenty of yuan…
BOJ head Kuroda will speak again today. Yesterday he talked down the yen.

BOJ head Kuroda will speak again today. Yesterday he talked down the yen.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do…