GMTAuthor: Justin Low

Comments by Germany's central bank in its monthly report


  • Fundamental conditions are in place for growth rebound in Q4 after weak Q3
  • Economic upswing in Germany is still fundamentally intact
  • Slowdown largely due to difficulties in adapting to new emission-test procedures in auto industry resulting in "deep marks" on industrial production
ForexLive
Nothing too new coming from the Bundesbank here. But of note they have been constantly touting that the economy will rebound since Q2 and we're now going into Q4 still expecting that. The rhetoric there pretty much tells the story of the German economy this year.

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Mon 22 Oct 2018 05:17:26 GMT

BOJ says financial system is maintaining stability as a whole; no signs of overheating

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BOJ says financial system is maintaining stability as a whole; no signs of overheating


//az705044.vo.msecnd.net/20180731/bank-of-japan.png Justin Low
Mon 22 Oct 2018 05:17:26 GMT
Category: Central Banks
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The Bank of Japan comments in its latest financial system report - Banks' profit are fairly high, interest income is trending down - Harder for banks to profit by increasing risk assets ForexLive

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Trump says he finds Saudi explanation for Khashoggi killing credible
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Mon 22 Oct 2018 02:22:47 GMT

RBA's Debelle: We have an open mind on what constitutes full employment

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RBA's Debelle: We have an open mind on what constitutes full employment


Adam Button
Mon 22 Oct 2018 02:22:47 GMT
Category: Central Banks
0
Comment in the Q&A The context of the comment is important here. Last week, Australian unemployment fell to 5.0% from 5.3%. It had been expected to remain at 5.3%.

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Sun 21 Oct 2018 23:54:00 GMT

BOJ survey shows improving demand for household loans

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BOJ survey shows improving demand for household loans


Adam Button
Sun 21 Oct 2018 23:54:00 GMT
Category: Central Banks
0
BOJ October loan officer survey This survey isn't a market mover. ForexLive

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Fri 19 Oct 2018 17:08:50 GMT

1

Fed's Kaplan: Inflation is building but won't run away due to technology and globalization

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Fed's Kaplan: Inflation is building but won't run away due to technology and globalization


Adam Button
Fri 19 Oct 2018 17:08:50 GMT
Category: Central Banks
1
Comments from Kaplan I completely agree with that statement. More: - Sees Fed policy as modestly accommodative - 2-3 more hikes would move the Fed to a more-neutral stance

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Fri 19 Oct 2018 16:18:08 GMT

2

Fed's Bostic: No sign of clouds on the horizon

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Fed's Bostic: No sign of clouds on the horizon


Adam Button
Fri 19 Oct 2018 16:18:08 GMT
Category: Central Banks
2
Bostic in Georgia ForexLive

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Fri 19 Oct 2018 16:10:24 GMT

BOE's Carney: UK banks can deal with Brexit and trade war at same time

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BOE's Carney: UK banks can deal with Brexit and trade war at same time


Adam Button
Fri 19 Oct 2018 16:10:24 GMT
Category: Central Banks
0
Comments from Bank of England Governor Mark Carney in New York No comments on the outlook or rates here, sorry GBP traders. ForexLive

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Fri 19 Oct 2018 01:35:21 GMT

Comments now from the PBOC Gov: Stock market valuations at low level

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Comments now from the PBOC Gov: Stock market valuations at low level


Eamonn Sheridan
Fri 19 Oct 2018 01:35:21 GMT
Category: Central Banks
0
People's Bank of China now seeking to stick a floor under Chinese stock markets - recent stock market fluctuations largely due to investor sentiment, expectatons (MLF is the medium term lending facility which is normally money lent to banks) 

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Fri 19 Oct 2018 01:16:04 GMT

1

PBOC sets USD/ CNY central rate at 6.9387 (vs. yesterday at 6.9275)

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PBOC sets USD/ CNY central rate at 6.9387 (vs. yesterday at 6.9275)


Eamonn Sheridan
Fri 19 Oct 2018 01:16:04 GMT
Category: Central Banks
1
People's Bank of China with another lowering of the onshore yuan USD/CNY highest (i.e. CNY lowest) since early Jan 2017) PBOC inject 30bn yuan through 7-day reverse repos in open market operations (OMOs) today

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Thu 18 Oct 2018 20:00:40 GMT

7

Goldman Sachs says 'comfortable' with call for 5 more Fed hikes to end 2019

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Goldman Sachs says 'comfortable' with call for 5 more Fed hikes to end 2019


Eamonn Sheridan
Thu 18 Oct 2018 20:00:40 GMT
Category: Central Banks
7
Goldman Sachs says it remains 'comfortable' with its call for 5 more hikes - 2 more than priced - through the end of 2019 Reuters headline on GS view for the Fed

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Thu 18 Oct 2018 16:15:51 GMT

Fed's Quarles: Fed's gradual rate hike strategy is still appropriate

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Fed's Quarles: Fed's gradual rate hike strategy is still appropriate


Adam Button
Thu 18 Oct 2018 16:15:51 GMT
Category: Central Banks
0
Quarles on the economy What's the signal here? He's upbeat on the economy and is certainly not hinting at any kind of pause in the next six months. Overall, it's a hawkish message.

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Thu 18 Oct 2018 15:27:10 GMT

2

Draghi said to tell EU leaders the eurozone outlook is positive

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Draghi said to tell EU leaders the eurozone outlook is positive


Adam Button
Thu 18 Oct 2018 15:27:10 GMT
Category: Central Banks
2
Small pop in the euro The euro jumped 20 pips on this headline but it's nothing new and it's right back down. More: ForexLive

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Thu 18 Oct 2018 14:36:58 GMT

1

Fed's Bullard: Willing to go along with hikes so far but they should stop

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Fed's Bullard: Willing to go along with hikes so far but they should stop


Adam Button
Thu 18 Oct 2018 14:36:58 GMT
Category: Central Banks
1
Bullard comments to reporters ForexLive

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Thu 18 Oct 2018 13:39:29 GMT

Fed's Bullard: Can't infer any more that low unemployment will cause inflation

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Fed's Bullard: Can't infer any more that low unemployment will cause inflation


Greg Michalowski
Thu 18 Oct 2018 13:39:29 GMT
Category: Central Banks
0
May be answering questions after speech in Memphis Fed's Bullard is speaking in Memphis. He seems to be answering audience questions now: ForexLive

Asset 24 View More
Thu 18 Oct 2018 12:58:01 GMT

4

Fed's Bullard: Weak inflation means the Fed doesn't need to hike further

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Fed's Bullard: Weak inflation means the Fed doesn't need to hike further


Adam Button
Thu 18 Oct 2018 12:58:01 GMT
Category: Central Banks
4
St Louis Fed president Bullard Bullard was slated to speak at 10 minutes after the hour but the comments are out early. ForexLive

Asset 24 View More
Thu 18 Oct 2018 09:00:01 GMT

16

ECB's Nowotny says would welcome Weidmann candidacy to succeed Draghi

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ECB's Nowotny says would welcome Weidmann candidacy to succeed Draghi


//az705044.vo.msecnd.net/20181018/18-10-2018-1-15-41-pm.png Justin Low
Thu 18 Oct 2018 09:00:01 GMT
Category: Central Banks
16
ECB's Ewald Nowotny comments in an interview - Considers it a serious mistake by Merkel to no longer pursue Weidmann's candidacy - Would be good if someone from the largest Eurozone economy heads the ECB ForexLive

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Thu 18 Oct 2018 08:44:47 GMT

ECB's Rehn: Sees first rate hike in Q4 2019 if economic outlook holds

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ECB's Rehn: Sees first rate hike in Q4 2019 if economic outlook holds


//az705044.vo.msecnd.net/20180518/0-olli-rehn.png Justin Low
Thu 18 Oct 2018 08:44:47 GMT
Category: Central Banks
0
Further comments by ECB member Olli Rehn on the day - Markets appear to be reading ECB's forward guidance correctly ForexLive Well, when you say "through the summer of 2019" as many times as the ECB has over the past few months then surely the people will get the message. Markets are not pricing in the first rate hike by the ECB until September 2019 at the moment. But again, all this hinges on the economy and the inflation outlook holding up.

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Thu 18 Oct 2018 08:27:25 GMT

ECB's Rehn says risks of no-deal Brexit has grown over the past few months

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ECB's Rehn says risks of no-deal Brexit has grown over the past few months


Justin Low
Thu 18 Oct 2018 08:27:25 GMT
Category: Central Banks
0
ECB member Olli Rehn weighs in with his thoughts ForexLive

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Thu 18 Oct 2018 05:11:26 GMT

BOJ downgrades assessment for 2 of 9 regions in latest economic report

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BOJ downgrades assessment for 2 of 9 regions in latest economic report


//az705044.vo.msecnd.net/20170803/0-japan.jpg Justin Low
Thu 18 Oct 2018 05:11:26 GMT
Category: Central Banks
0
BOJ releases its latest regional economic report for the month of October - Maintains assessment for 7 of Japan's 9 regions - Hokkaido downgraded due to the effects of the Hokkaido Eastern Iburi Earthquake ForexLive

Asset 24 View More
Thu 18 Oct 2018 01:15:52 GMT

PBOC sets USD/ CNY central rate at 6.9275 (vs. yesterday at 6.9103)

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PBOC sets USD/ CNY central rate at 6.9275 (vs. yesterday at 6.9103)


Eamonn Sheridan
Thu 18 Oct 2018 01:15:52 GMT
Category: Central Banks
0
The USD traded up and up and up overnight, USD/CNY not getting left behind by the PBOC today with a weakening for the onshore yuan … a big one! Earlier:

Asset 24 View More
Thu 18 Oct 2018 00:33:29 GMT

1

BOJ's Kuroda: BOJ will keep rates low for an extended period

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BOJ's Kuroda: BOJ will keep rates low for an extended period


Eamonn Sheridan
Thu 18 Oct 2018 00:33:29 GMT
Category: Central Banks
1
Bank of Japan Governor Kuroda Speaking to a branch manager meeting K's remark on inflation around 1% … that doesn't sound great given the target is 2%, but it is a higher rate than the BOJ is accustomed to. 

Asset 24 View More
Wed 17 Oct 2018 18:00:30 GMT

FOMC minutes: Number of Fed officials saw the need to hike above long-run level

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FOMC minutes: Number of Fed officials saw the need to hike above long-run level


//az705044.vo.msecnd.net/20180502/fomc-federal-reserve.png Adam Button
Wed 17 Oct 2018 18:00:30 GMT
Category: Central Banks
0
The minutes of the September 26 FOMC meeting - Gradual approach balances risk of going too fast and too slow - Almost all policy makers considered it appropriate to remove reverences to monetary policy being accommodative in statement. The market is seeing the minutes as hawkish on first blush. Here's what Morgan Stanley said before the release:

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Wed 17 Oct 2018 17:49:36 GMT

1

FOMC minutes coming up. How to trade them

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FOMC minutes coming up. How to trade them


//az705044.vo.msecnd.net/20181015/powell-unimpressed.png Adam Button
Wed 17 Oct 2018 17:49:36 GMT
Category: Central Banks
1
What to watch for The FOMC minutes are among the most-overrated releases out there. Generally the trade is to fade any significant move because what's said in the minutes is always far more nuanced than the headlines.

Asset 24 View More
Wed 17 Oct 2018 14:36:51 GMT

2

BOE's Cunliffe: You could see a big sterling fall depending on Brexit outcome

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BOE's Cunliffe: You could see a big sterling fall depending on Brexit outcome


Adam Button
Wed 17 Oct 2018 14:36:51 GMT
Category: Central Banks
2
More from Cunliffe Speaking the obvious here. ForexLive

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Wed 17 Oct 2018 14:20:16 GMT

Atlanta Fed GDPNow dips to 3.9% from 4.0%

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Atlanta Fed GDPNow dips to 3.9% from 4.0%


//az705044.vo.msecnd.net/20181017/2018-10-17_7-16-53.jpg Greg Michalowski
Wed 17 Oct 2018 14:20:16 GMT
Category: Central Banks
0
Back below 4% The Atlanta Fed is out with their latest estimate for US 3Q GDP.  In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 

Asset 24 View More

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