The PBOC sets USD/ CNY mid-point today at 6.7043 (vs. yesterday at 6.6911)

Bank injects 20bn yuan via 7 day RRs
ForexLive

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Fri 19 Apr 2019 01:15:40 GMT

The BOJ has cut the amount of 10-25 year JGBs purchased at today's operation

A reduction in its purchases in the 10 to 25 years remaining until maturity window. 160bn yen compared with 180bn last time around. The last time the BOJ did similar was about 8 weeks ago. 

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The BOJ has cut the amount of 10-25 year JGBs purchased at today's operation


Eamonn Sheridan
Fri 19 Apr 2019 01:15:40 GMT
Category: Central Banks
0


A reduction in its purchases in the 10 to 25 years remaining until maturity window. 160bn yen compared with 180bn last time around. The last time the BOJ did similar was about 8 weeks ago. 

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S&P 500 and relationship to jobless claims
Asset 41
Thu 18 Apr 2019 17:05:18 GMT

Fed's Kaplan: I'm getting more confident about 2019 growth outlook

Return of the hawks GDP trackers have been rising to around 2.5% for Q1 after starting out under 1%. ForexLive

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Fed's Kaplan: I'm getting more confident about 2019 growth outlook


Adam Button
Thu 18 Apr 2019 17:05:18 GMT
Author: Adam Button
Category: Central Banks
0
Return of the hawks GDP trackers have been rising to around 2.5% for Q1 after starting out under 1%. ForexLive

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Thu 18 Apr 2019 16:40:29 GMT

Fed's Bostic: Rates may go up or down but we are preserving optionality

Bostic in Florida That sounds decidedly neutral. It also sounds like his comments earlier this month so there's nothing new here. ForexLive

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Fed's Bostic: Rates may go up or down but we are preserving optionality


Adam Button
Thu 18 Apr 2019 16:40:29 GMT
Author: Adam Button
Category: Central Banks
0
Bostic in Florida That sounds decidedly neutral. It also sounds like his comments earlier this month so there's nothing new here. ForexLive

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Thu 18 Apr 2019 11:18:24 GMT

2

BOJ said to predict inflation falling short of its target for the next three years

Reuters reports, citing sources familiar with the matter - BOJ to predict inflation falling short of 2% through fiscal year 2021 - BOJ likely to project inflation to move above 1.5% in fiscal year 2021 ForexLive

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BOJ said to predict inflation falling short of its target for the next three years


//az705044.vo.msecnd.net/20180731/bank-of-japan.png Justin Low
Thu 18 Apr 2019 11:18:24 GMT
Author: Justin Low
Category: Central Banks
2
Reuters reports, citing sources familiar with the matter - BOJ to predict inflation falling short of 2% through fiscal year 2021 - BOJ likely to project inflation to move above 1.5% in fiscal year 2021 ForexLive

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Thu 18 Apr 2019 03:00:54 GMT

China Securities Journal says PBOC unlikely to cut RRR in the short term

A front page piece in the China Securities Journal --- (Note, the Bank added liquidity through reverse repos and medium term lending facility yesterday, equivalent of the amount of MLF maturing that day) A cut to the RRR is usually taken as a positive input for China proxy and risk trades. This news, then, perhaps a little negative, but offset somewhat by the paper asserting a greater intensity of RR injections. 

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China Securities Journal says PBOC unlikely to cut RRR in the short term


Eamonn Sheridan
Thu 18 Apr 2019 03:00:54 GMT
Category: Central Banks
0
A front page piece in the China Securities Journal --- (Note, the Bank added liquidity through reverse repos and medium term lending facility yesterday, equivalent of the amount of MLF maturing that day) A cut to the RRR is usually taken as a positive input for China proxy and risk trades. This news, then, perhaps a little negative, but offset somewhat by the paper asserting a greater intensity of RR injections. 

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Thu 18 Apr 2019 02:30:22 GMT

China's SAFE: US Fed policy stance will be favourable for China's capital flows

China's FX regulator is the State Administration of Foreign Exchange (SAFE). Remarks: - China's cross-border capital flows generally stable in Q1 - Says will strengthen counter-cyclical policies to support economy A few hints of more stimulus in those comments … referring to the second one in that list.

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China's SAFE: US Fed policy stance will be favourable for China's capital flows


Eamonn Sheridan
Thu 18 Apr 2019 02:30:22 GMT
Category: Central Banks
0
China's FX regulator is the State Administration of Foreign Exchange (SAFE). Remarks: - China's cross-border capital flows generally stable in Q1 - Says will strengthen counter-cyclical policies to support economy A few hints of more stimulus in those comments … referring to the second one in that list.

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Thu 18 Apr 2019 02:07:39 GMT

1

Bank of Canada meet next week - preview (spoiler alert, rates to remain on hold)

Tuesday the 24th April for the BoC decision.  The background to the meeting is the Canadian economy softer: - oil production cuts  - slowing housing market Economists polled by Reuters are unanimous for an 'on hold' decision

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Bank of Canada meet next week - preview (spoiler alert, rates to remain on hold)


https://az705044.vo.msecnd.net/20190306/bank-of-canada-building.png Eamonn Sheridan
Thu 18 Apr 2019 02:07:39 GMT
Category: Central Banks
1
Tuesday the 24th April for the BoC decision.  The background to the meeting is the Canadian economy softer: - oil production cuts  - slowing housing market Economists polled by Reuters are unanimous for an 'on hold' decision

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Thu 18 Apr 2019 01:21:41 GMT

1

People’s Bank of China sets yuan reference rate at 6.6911

Mid point for USD/CNY for the trading session ahead. In open market operations, the PBOC inject 80bn yuan through 7-day reverse repos ForexLive

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People’s Bank of China sets yuan reference rate at 6.6911


Eamonn Sheridan
Thu 18 Apr 2019 01:21:41 GMT
Category: Central Banks
1
Mid point for USD/CNY for the trading session ahead. In open market operations, the PBOC inject 80bn yuan through 7-day reverse repos ForexLive

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Wed 17 Apr 2019 23:13:21 GMT

Fed's Logan speech - not on her economic nor monetary policy outlook

Headlines from a speech by Lorie Logan, NY Fed (senior VP), head of Market Operations Monitoring and Analysis (MOMA) at the NY Fed - MOMA executes monetary policy at the direction of the FOMC Noting these, but nothing on current policy.

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Fed's Logan speech - not on her economic nor monetary policy outlook


Eamonn Sheridan
Wed 17 Apr 2019 23:13:21 GMT
Category: Central Banks
0
Headlines from a speech by Lorie Logan, NY Fed (senior VP), head of Market Operations Monitoring and Analysis (MOMA) at the NY Fed - MOMA executes monetary policy at the direction of the FOMC Noting these, but nothing on current policy.

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Wed 17 Apr 2019 21:50:34 GMT

1

Analyst warns that the New Zealand CPI reading is 'no trigger for May cut'

The RBNZ next meet on May 8. With an OCR announcement, a Monetary Policy Statement and media conference. Expectations of a rate cut from the Bank heightened after yesterday's soft CPI reading

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Analyst warns that the New Zealand CPI reading is 'no trigger for May cut'


Eamonn Sheridan
Wed 17 Apr 2019 21:50:34 GMT
Category: Central Banks
1
The RBNZ next meet on May 8. With an OCR announcement, a Monetary Policy Statement and media conference. Expectations of a rate cut from the Bank heightened after yesterday's soft CPI reading

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Wed 17 Apr 2019 19:42:08 GMT

5

Herman Cain says he has no intention of withdrawing name from Fed consideration

Cain appears to be in a hopeless position Four US Republican Senators have said they won't support Herman Cain if he's nominated to the Federal Reserve. That makes it extremely unlikely he will be confirmed if he gets the nod from Trump. He would need the support of at least one Democrat.

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Herman Cain says he has no intention of withdrawing name from Fed consideration


Adam Button
Wed 17 Apr 2019 19:42:08 GMT
Author: Adam Button
Category: Central Banks
5
Cain appears to be in a hopeless position Four US Republican Senators have said they won't support Herman Cain if he's nominated to the Federal Reserve. That makes it extremely unlikely he will be confirmed if he gets the nod from Trump. He would need the support of at least one Democrat.

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Wed 17 Apr 2019 18:07:54 GMT

1

Fed's Bullard: Yield curve steepening as economy improves this year

Fed dove speaks after speech Bullard speaks to reporters after speech in New York ForexLive

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Fed's Bullard: Yield curve steepening as economy improves this year


Greg Michalowski
Wed 17 Apr 2019 18:07:54 GMT
Category: Central Banks
1
Fed dove speaks after speech Bullard speaks to reporters after speech in New York ForexLive

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Wed 17 Apr 2019 17:07:58 GMT

1

More from Fed's Harker: Does not see inflation accelerating quickly

Additional comments from the Dallas Fed President Yesterday I wrote about how there are increasing signals that the Fed is comfortable with an inflation shoot or is angling for one:

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More from Fed's Harker: Does not see inflation accelerating quickly


Adam Button
Wed 17 Apr 2019 17:07:58 GMT
Author: Adam Button
Category: Central Banks
1
Additional comments from the Dallas Fed President Yesterday I wrote about how there are increasing signals that the Fed is comfortable with an inflation shoot or is angling for one:

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Wed 17 Apr 2019 16:31:01 GMT

Fed's Harker: Repeats forecast for at most one hike in 2019 and one in 2020

Not a voting member in 2019 - At most one hike in 2019 and one in 2020 - He is keeping an eye on risks, including growth abroad and trade - Yield curve inversion is not an absolute predictor of economic downturns CLICK HERE

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Fed's Harker: Repeats forecast for at most one hike in 2019 and one in 2020


//az705044.vo.msecnd.net/20190417/2019-04-17_9-37-45.jpg Greg Michalowski
Wed 17 Apr 2019 16:31:01 GMT
Category: Central Banks
0
Not a voting member in 2019 - At most one hike in 2019 and one in 2020 - He is keeping an eye on risks, including growth abroad and trade - Yield curve inversion is not an absolute predictor of economic downturns CLICK HERE

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Wed 17 Apr 2019 15:25:54 GMT

Atlanta Fed GDPNow estimate for 1Q growth 2.4% vs 2.3% last.

The Atlanta Fed estimate for 1Q growth The Atlanta Fed is out with their most recent estimate for first-quarter growth. They now see growth at 2.4% versus 2.3% in the last forecast. In their own words:

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Atlanta Fed GDPNow estimate for 1Q growth 2.4% vs 2.3% last.


//az705044.vo.msecnd.net/20190417/2019-04-17_8-24-09.jpg Greg Michalowski
Wed 17 Apr 2019 15:25:54 GMT
Category: Central Banks
0
The Atlanta Fed estimate for 1Q growth The Atlanta Fed is out with their most recent estimate for first-quarter growth. They now see growth at 2.4% versus 2.3% in the last forecast. In their own words:

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Wed 17 Apr 2019 11:59:20 GMT

2

ECB's Nowotny: Unlikely to cut June forecast 'significantly'

Comments by ECB governing council member, Ewald Nowotny - Eurozone economy should at least stabilise in 2H 2019 - It's not yet time for ECB to introduce rate tiering ForexLive

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ECB's Nowotny: Unlikely to cut June forecast 'significantly'


Justin Low
Wed 17 Apr 2019 11:59:20 GMT
Author: Justin Low
Category: Central Banks
2
Comments by ECB governing council member, Ewald Nowotny - Eurozone economy should at least stabilise in 2H 2019 - It's not yet time for ECB to introduce rate tiering ForexLive

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Wed 17 Apr 2019 08:56:33 GMT

4

ECB's Hansson: No reason to doubt that growth will pick up in 2H 2019

Comments by ECB governing council member, Ardo Hansson here ForexLive

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ECB's Hansson: No reason to doubt that growth will pick up in 2H 2019


Justin Low
Wed 17 Apr 2019 08:56:33 GMT
Author: Justin Low
Category: Central Banks
4
Comments by ECB governing council member, Ardo Hansson here ForexLive

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Wed 17 Apr 2019 03:14:55 GMT

8

The BOJ is about to overtake GPIF to become the biggest holder of Japanese stocks

Japan's Government Pension Investment Fund (GPIF) manages the largest pool of retirement savings in the world. UP until now they've been the country's largest holder of equities.

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The BOJ is about to overtake GPIF to become the biggest holder of Japanese stocks


https://az705044.vo.msecnd.net/20160228/boj-kuroda-5.png Eamonn Sheridan
Wed 17 Apr 2019 03:14:55 GMT
Category: Central Banks
8
Japan's Government Pension Investment Fund (GPIF) manages the largest pool of retirement savings in the world. UP until now they've been the country's largest holder of equities.

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Wed 17 Apr 2019 03:03:22 GMT

1

RBNZ inflation data +1.7% y/y (prior +1.7%)

For the March quarter of 2019 Earlier we got NZ official CPI: The RBNZ's measure is a measure of core CPI, the sectoral factor model, and its a preferred indicator for the Bank. Its come in unchanged from the December 2018 reading. 

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RBNZ inflation data +1.7% y/y (prior +1.7%)


Eamonn Sheridan
Wed 17 Apr 2019 03:03:22 GMT
Category: Central Banks
1
For the March quarter of 2019 Earlier we got NZ official CPI: The RBNZ's measure is a measure of core CPI, the sectoral factor model, and its a preferred indicator for the Bank. Its come in unchanged from the December 2018 reading. 

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Wed 17 Apr 2019 01:48:18 GMT

PBOC adds 200bn yuan via 1 year MLF

People's Bank of China one year medium term lending facility  - Adding 200bn yuan into the market - rate 3.3%  - 200bn matured today Injections of liquidity tend to support the market, although the bank would like them to go towards the real economy.

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PBOC adds 200bn yuan via 1 year MLF


Eamonn Sheridan
Wed 17 Apr 2019 01:48:18 GMT
Category: Central Banks
0
People's Bank of China one year medium term lending facility  - Adding 200bn yuan into the market - rate 3.3%  - 200bn matured today Injections of liquidity tend to support the market, although the bank would like them to go towards the real economy.

Asset 24 View More
Wed 17 Apr 2019 01:18:11 GMT

1

BOJ Amamiya spoke earlier - ready to ease more in event of financial crisis

Bank of Japan deputy governor Masayoshi Amamiya spoke in parliamewnt earlier. - Said the Bank would deploy monetary policy tools if a financial crisis threatens to destabilise the country's banking system Srsly, the BOJ will deploy monetary policy tools if anyone in Japan sneezes. 

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BOJ Amamiya spoke earlier - ready to ease more in event of financial crisis


https://az705044.vo.msecnd.net/20190417/japan-80s.png Eamonn Sheridan
Wed 17 Apr 2019 01:18:11 GMT
Category: Central Banks
1
Bank of Japan deputy governor Masayoshi Amamiya spoke in parliamewnt earlier. - Said the Bank would deploy monetary policy tools if a financial crisis threatens to destabilise the country's banking system Srsly, the BOJ will deploy monetary policy tools if anyone in Japan sneezes. 

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Wed 17 Apr 2019 01:16:19 GMT

PBOC sets USD/ CNY central rate at 6.7110 (vs. yesterday at 6.7097)

People's Bank of China with the daily setting for the onshore yuan. 160bn yuan added to system via OMOs, 7 day RRs  ForexLive

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PBOC sets USD/ CNY central rate at 6.7110 (vs. yesterday at 6.7097)


Eamonn Sheridan
Wed 17 Apr 2019 01:16:19 GMT
Category: Central Banks
0
People's Bank of China with the daily setting for the onshore yuan. 160bn yuan added to system via OMOs, 7 day RRs  ForexLive

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Tue 16 Apr 2019 22:21:28 GMT

Ahead of the NZ inflation data - interview with RBNZ Orr (from Tuesday)

Reserve Bank of New Zealand Governor Orr gave an interview to Reuters, headlines here:  There is a follow-up piece from with comments from various analysts on a perceived lack of clear communication from Orr:

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Ahead of the NZ inflation data - interview with RBNZ Orr (from Tuesday)


Eamonn Sheridan
Tue 16 Apr 2019 22:21:28 GMT
Category: Central Banks
0
Reserve Bank of New Zealand Governor Orr gave an interview to Reuters, headlines here:  There is a follow-up piece from with comments from various analysts on a perceived lack of clear communication from Orr:

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Tue 16 Apr 2019 21:01:01 GMT

2

There are two inflation numbers released in NZ today - here is the one no one is talking about

The official NZ inflation data from Statistics New Zealand is due at 2245GMT, previews posted: - and What you may not be aware of is the Reserve Bank of New Zealand publish their own measure of inflation later in the session. Its worth being aware of though because the release can be a mover of the NZD.

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There are two inflation numbers released in NZ today - here is the one no one is talking about


Eamonn Sheridan
Tue 16 Apr 2019 21:01:01 GMT
Category: Central Banks
2
The official NZ inflation data from Statistics New Zealand is due at 2245GMT, previews posted: - and What you may not be aware of is the Reserve Bank of New Zealand publish their own measure of inflation later in the session. Its worth being aware of though because the release can be a mover of the NZD.

Asset 24 View More

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