Author: Greg Michalowski

Speaking on Fox business network

He adds:
  • US government Debt/GDP is historically high
  • Take care not to increase debt to GDP level
  • He's actively considering next steps on policy
  • Structural headwinds are muting inflation
  • US 10 year yields reflect pessimism on future growth
  • Jerome Powell will be superb leader of Fed
  • A change in Fed leadership is a chance to review practices

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Author: Mike Paterson
1

ECB's Weidmann sees inflation pressures remaining subdued

ECB gov council member and BUBA head Weidmann in scheduled speech 17 Nov - German growth may be stronger than in BUBA's June f/c - duration and strength  of German recovery is impressive Ntg of note I can see on first sight.

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ECB's Weidmann sees inflation pressures remaining subdued


Author: Mike Paterson
Category: Central Banks
1


ECB gov council member and BUBA head Weidmann in scheduled speech 17 Nov - German growth may be stronger than in BUBA's June f/c - duration and strength  of German recovery is impressive Ntg of note I can see on first sight.

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Pound retreats as sellers prevail
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Author: Mike Paterson
3

ECB's Draghi says Eurozone in midst of solid economic expansion

ECB's Draghi out with scheduled speech 17 Nov The Draghster speaking at the Frankfurt European Banking Congress "Europe into a New Era - How to Seize the Opportunities"

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ECB's Draghi says Eurozone in midst of solid economic expansion


Author: Mike Paterson
Category: Central Banks
3
ECB's Draghi out with scheduled speech 17 Nov The Draghster speaking at the Frankfurt European Banking Congress "Europe into a New Era - How to Seize the Opportunities"

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Author: Eamonn Sheridan

PBOC sets USD/CNY mid-point today at 6.6277 (vs. yesterday at 6.6286)

People's Bank of China onshore yuan reference rate for today's trading In open market operations, PBOC: - To inject 10 bn yuan through 7 day reverse repos - To inject 10 bn yuan through 14 day reverse repos Net 10bn yuan drain

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PBOC sets USD/CNY mid-point today at 6.6277 (vs. yesterday at 6.6286)


Author: Eamonn Sheridan
Category: Central Banks
0
People's Bank of China onshore yuan reference rate for today's trading In open market operations, PBOC: - To inject 10 bn yuan through 7 day reverse repos - To inject 10 bn yuan through 14 day reverse repos Net 10bn yuan drain

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Author: Eamonn Sheridan
2

BOJ JGB buying operation - cuts buys in the 1-3 year timeframe

For the first time since April of this year Bank bought 250bn yen in the 1 - 3 years - From 280bn yen the previous operation

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BOJ JGB buying operation - cuts buys in the 1-3 year timeframe


Author: Eamonn Sheridan
Category: Central Banks
2
For the first time since April of this year Bank bought 250bn yen in the 1 - 3 years - From 280bn yen the previous operation

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Author: Eamonn Sheridan
8

More from Fed's Williams - reasonable to hike in Dec then 3 more in 2018

President of the Federal Reserve Bank of San Francisco John Williams Headlines via Reuters USD ticking a few points lower still -- Earlier from Williams:

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More from Fed's Williams - reasonable to hike in Dec then 3 more in 2018


Author: Eamonn Sheridan
Category: Central Banks
8
President of the Federal Reserve Bank of San Francisco John Williams Headlines via Reuters USD ticking a few points lower still -- Earlier from Williams:

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Author: Eamonn Sheridan
1

And ... don't forget ECB President Draghi is speaking in the European morning

Head of the European Central Bank due to speak at 0830 GMT - Keynote speech at the Frankfurt European Banking Congress - The topic is ' Europe into a new era - how to seize the opportunities' Bundesbank President Jens Weidmann and Deutsche Bank CEO John Cryan will also speak.

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And ... don't forget ECB President Draghi is speaking in the European morning


Author: Eamonn Sheridan
Category: Central Banks
1
Head of the European Central Bank due to speak at 0830 GMT - Keynote speech at the Frankfurt European Banking Congress - The topic is ' Europe into a new era - how to seize the opportunities' Bundesbank President Jens Weidmann and Deutsche Bank CEO John Cryan will also speak.

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Author: Eamonn Sheridan
1

WSJ on Fed's Williams: Fed may need to look at price level targeting

President of the Federal Reserve Bank of San Francisco John Williams spoke earlier: Wall Street Journal have a recap up (may be gated): Fed's Williams: Time For Central Bankers to Weigh New Policy Toolkit

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WSJ on Fed's Williams: Fed may need to look at price level targeting


Author: Eamonn Sheridan
Category: Central Banks
1
President of the Federal Reserve Bank of San Francisco John Williams spoke earlier: Wall Street Journal have a recap up (may be gated): Fed's Williams: Time For Central Bankers to Weigh New Policy Toolkit

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Author: Eamonn Sheridan

Goldman Sachs on the Australian dollar and RBA (pushed back rate hike call)

Goldman Sachs have revised their 2018 rate hike call on the Reserve Bank of Australia - They were tipping February, now say May - See two hikes from RBA in 2018 More:

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Goldman Sachs on the Australian dollar and RBA (pushed back rate hike call)


Author: Eamonn Sheridan
Category: Central Banks
0
Goldman Sachs have revised their 2018 rate hike call on the Reserve Bank of Australia - They were tipping February, now say May - See two hikes from RBA in 2018 More:

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Author: Eamonn Sheridan
1

Fed's Williams says negative rates need to be on the list of possible tools in future

President of the Federal Reserve branch in San Francisco Joh Willima - Says negative rates need to be on the list of possible tools for us in a recession more to come

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Fed's Williams says negative rates need to be on the list of possible tools in future


Author: Eamonn Sheridan
Category: Central Banks
1
President of the Federal Reserve branch in San Francisco Joh Willima - Says negative rates need to be on the list of possible tools for us in a recession more to come

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Author: Eamonn Sheridan

Fed's Williams - low rates globally means dealing with future recession harder

Federal Reserve San Francisco President John Williams These comments from his speech - there will be more coming from 2 Q&A's

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Fed's Williams - low rates globally means dealing with future recession harder


Author: Eamonn Sheridan
Category: Central Banks
0
Federal Reserve San Francisco President John Williams These comments from his speech - there will be more coming from 2 Q&A's

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Author: Greg Michalowski

Cleveland Fed Mester: US Will hit 2% inflation sometime next year (not Q1)


Author: Greg Michalowski
Category: Central Banks
0
Speaking to reporters She adds:

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Author: Greg Michalowski

More Kaplan: Emphasizes gradual, patient, careful removal of accommodation

Continues comments Fed's Kaplan says: The Fed does not want to spook the longer end of the yield curve, despite their desire to take out accommodation. 

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More Kaplan: Emphasizes gradual, patient, careful removal of accommodation


Author: Greg Michalowski
Category: Central Banks
0
Continues comments Fed's Kaplan says: The Fed does not want to spook the longer end of the yield curve, despite their desire to take out accommodation. 

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Author: Greg Michalowski
1

Central bankers asking themselves should intervene over use of cryptocurrencies: Nowotny

ECB Nowotny Nowotny asks a question of himself and other central bankers: Bitcoin is not listening.  Looking at the hourly chart, yesterday bitcoin moved above the 100 and 200 hour MAs and today that run higher continued.  The price is getting closer to the high from last week at $7882.2496. The high today reached $7700 (well 7699.99).  Someone is leaning against that round number.  The cryptocurrency is currently trading at 7662.23.

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Central bankers asking themselves should intervene over use of cryptocurrencies: Nowotny


Author: Greg Michalowski
Category: Central Banks
1
ECB Nowotny Nowotny asks a question of himself and other central bankers: Bitcoin is not listening.  Looking at the hourly chart, yesterday bitcoin moved above the 100 and 200 hour MAs and today that run higher continued.  The price is getting closer to the high from last week at $7882.2496. The high today reached $7700 (well 7699.99).  Someone is leaning against that round number.  The cryptocurrency is currently trading at 7662.23.

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Author: Greg Michalowski

SNB Maechler: SNBs monetary policy remains expansive

Speaking in Geneva She adds:Also commenting is SNB's Dewet Moser:The EURCHF is trading near it's highest level since that fateful day in January 2015 when the SNB pulled the plug on intervening against the 1.2000 level. It trades at 1.1686. The high in 2017 (and high since 2015) is 1.1708.

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SNB Maechler: SNBs monetary policy remains expansive


Author: Greg Michalowski
Category: Central Banks
0
Speaking in Geneva She adds:Also commenting is SNB's Dewet Moser:The EURCHF is trading near it's highest level since that fateful day in January 2015 when the SNB pulled the plug on intervening against the 1.2000 level. It trades at 1.1686. The high in 2017 (and high since 2015) is 1.1708.

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Author: Greg Michalowski

BOE Carney: If economy evolves in line with our projections, could see a couple rate rises

Speaking to the Liverpool Echo newspaper BOE Carney in an interview with the Liverpool Echo newspaper says: The GBPUSD is little changed at 1.3192. 

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BOE Carney: If economy evolves in line with our projections, could see a couple rate rises


Author: Greg Michalowski
Category: Central Banks
0
Speaking to the Liverpool Echo newspaper BOE Carney in an interview with the Liverpool Echo newspaper says: The GBPUSD is little changed at 1.3192. 

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Author: Greg Michalowski
1

ECB Smets: Low Inflation is not worrying

Speaking in Florence Italy - Progress is needed in real convergence of euro economies - Too low inflation, deflation as bad as high inflation - Low inflation is not worrying; a little patience is needed

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ECB Smets: Low Inflation is not worrying


Author: Greg Michalowski
Category: Central Banks
1
Speaking in Florence Italy - Progress is needed in real convergence of euro economies - Too low inflation, deflation as bad as high inflation - Low inflation is not worrying; a little patience is needed

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Author: Greg Michalowski
2

ECB Villeroy: ECB to clearly follow path of gradual normalization

Back of France's Villeroy speaks in Amsterdam Bank of France's François Villeroy speaking in Amsterdam says: The EURUSD is moving lower again as it waffles higher and lower in trading today. It does have more of a bearish bias.

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ECB Villeroy: ECB to clearly follow path of gradual normalization


Author: Greg Michalowski
Category: Central Banks
2
Back of France's Villeroy speaks in Amsterdam Bank of France's François Villeroy speaking in Amsterdam says: The EURUSD is moving lower again as it waffles higher and lower in trading today. It does have more of a bearish bias.

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Author: Greg Michalowski

Bank of England Carney: households acting more in response to wage squeeze

More comments from Future Forum panel BOE Carney: Looking at the 4-hour chart the GBPUSD trades above a trend line at 1.3192 currently. The high did extend to 1.3207 - short of the high for the week at 1.3113 and the 61.8% of the move down from the end of October high at 1.32125.   

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Bank of England Carney: households acting more in response to wage squeeze


Author: Greg Michalowski
Category: Central Banks
0
More comments from Future Forum panel BOE Carney: Looking at the 4-hour chart the GBPUSD trades above a trend line at 1.3192 currently. The high did extend to 1.3207 - short of the high for the week at 1.3113 and the 61.8% of the move down from the end of October high at 1.32125.   

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Author: Greg Michalowski

BOE Broadbent: lack of productivity growth is fundamental reason for low wages

Speaks to UK Youth at Future forum. The discussion  so far is focused mainly on education. 

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BOE Broadbent: lack of productivity growth is fundamental reason for low wages


Author: Greg Michalowski
Category: Central Banks
0
Speaks to UK Youth at Future forum. The discussion  so far is focused mainly on education. 

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Author: Greg Michalowski

Feds Mester answers questions: gradual pace of rate hikes seeks to be balanced approach

Answering questions from the Cato Institute She adds:

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Feds Mester answers questions: gradual pace of rate hikes seeks to be balanced approach


Author: Greg Michalowski
Category: Central Banks
0
Answering questions from the Cato Institute She adds:

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Author: Greg Michalowski

Cleveland Fed Pres. Mester does not mention current Fed monetary policy

Delivers keynote address at Cato conference Fed's Mester gives keynote address at Cato conference  but does not mention current Fed monetary policy. She does say:

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Cleveland Fed Pres. Mester does not mention current Fed monetary policy


Author: Greg Michalowski
Category: Central Banks
0
Delivers keynote address at Cato conference Fed's Mester gives keynote address at Cato conference  but does not mention current Fed monetary policy. She does say:

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Author: Mike Paterson
1

Not had enough of Carney & Co? Good, there's more to come today

Yes folks, CB talking heads up to the mic yet again later 16 Nov Today from 14.00 GMT the BOE hosts Future Forum 2017 from Liverpool. Says the Old Lady: Let's talk about economics and how the financial world affects your life.

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Not had enough of Carney & Co? Good, there's more to come today


Author: Mike Paterson
Category: Central Banks
1
Yes folks, CB talking heads up to the mic yet again later 16 Nov Today from 14.00 GMT the BOE hosts Future Forum 2017 from Liverpool. Says the Old Lady: Let's talk about economics and how the financial world affects your life.

Asset 24 View More

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