Author: Eamonn Sheridan

Jon Hilsenrath in the Wall Street Journal says some international officials attending the Jackson Hole meeting have a message for the Fed considering a rate hike: Get on with it already

  • "If you delay something that you were planning to do, then you leave the impression that your compass is different than what you led markets to believe," Jacob Frenkel, chairman of J.P. Morgan Chase International and former head of the Bank of Israel, said in an interview Thursday. Market drama is increased by delay, he added.
  •  "It's better for the U.S. to make a decision," Bambang Brodjonegoro, Indonesia's finance minister, said Wednesday in an interview in Jakarta. "What makes the financial markets volatile is the uncertainty."
  • Raising rates would signal that the Fed is confident about the U.S. economy, Bank of Japan Governor Haruhiko Kuroda said Wednesday in New York, before the Fed gathering. "That is not only good for the U.S. economy, but also for the world economy, including the Japanese economy," he said.

Even actors are urging them on ...


But ... this is even better :-D



View More

View Full Article with Comments 2

Author: Eamonn Sheridan

PBOC sets yuan mid-point reference rate at 6.3986

People's Bank of China (PBOC) sets the USD/CNY mid-point reference rate Start your engines! The PBOC will let you trade USD/CNY in a plus or minus 2% range of that central rate they've just set.

View More

Author: Eamonn Sheridan

Japan retail sales data for July: +1.2% m/m (expected +0.6%) and +1.6% y/y (expected +1.1%)

Japan retail sales data for July +1.2% m/m, - expected 0.6%, prior was -0.6% +1.6% y/y, - expected 1.1%, prior was 1.0% - Retail sales easily beating expectations and the previous month's results. Earlier we got household spending data (see link below) missing expectations and therefore painting a different picture.

View More

Author: Eamonn Sheridan

Japan CPI for July: 0.2% y/y (expected 0.2%)

Japanese national CPI data for July and Tokyo CPI for August (Note: Tokyo CPI data is available a month earlier than the National CPI) National CPI y/y for July,  0.2% y/y

View More

Author: Eamonn Sheridan

Moody's revises forecast for G20 economies' growth downwards to 2.8% in 2016

Moody's has revised down its forecast for GDP growth in the G20 economies to 2.8% next year, from 3.1% - Says that the revision mainly reflects the impact of a more marked slowdown now forecast in China and more prolonged negative effects of low commodity prices on G20 producers than earlier expected Revised down GDP growth forecast for in 2016 to 6.3%, from 6.5% previously

View More

Author: Eamonn Sheridan
2

Rumble in the central banking jungle ... India vs. China. India wins.

An unnamed People’s Bank of China official has weighed in on the Federal Reserve rate hike debate. Adam had the details here: PBOC official: Fed should delay rate hike It's a Reuters report on comments from "unnamed PBOC official":

View More

Author: Eamonn Sheridan
4

Heads up for NZD traders - RBNZ data due today will be watched for intervention

We get data released from the Reserve Bank of New Zealand today on NZD purchased or sold during the month (today's data will be for July) - This data is watched for evidence of RBNZ intervention in the currency I've checked various economic calendars, and if you do the same you'll note there is no mention of this data. But .... look for it at 0200GMT here at ForexLive

View More

Author: Eamonn Sheridan
6

Economic data due from China today - evidence of shrinkage?

Just the one price of economic data coming up from China today. There is often concern expressed about the veracity of Chinese economic data, so these releases are usually taken with a grain of salt.

View More

;