- European Central Bank officials Panetta and de Guindos are speaking today
- Swiss National Bank policy meeting today - alternative paths for CHF - hawkish vs. dovish
- Federal Reserve Chair Powell speaks again Thursday, & a barrage of other Fed officials too
- Bank of Japan's Noguchi says Japan's economy is to recover moderately
- Bank of England Monetary Policy Committee meeting preview - Nomura expect a 25bp rate hike
- Chinese Vice Premier He Lifeng said the economy has recovered and turned for the better
- BoA on the Federal Reserve's FOMC, "pay particularly close attention to Governor Waller"
- Bank of England Monetary Policy Committee preview: Where to for GBP? 3 scenarios.
- Reminder - Mainland China and Hong Kong are out on holiday today
- Poll shows Japanese firms remain deeply pessimistic
- NZ data: May Exports NZD 6.99bn (prior 6.8bn) & Imports 6.95bn (prior 6.38bn)
- JP Morgan preview Bank of England rate hike coming today: BoE have to create a recession
- The Australian government will finalize its decision on the next RBA governor within weeks
- Fed insider shares on his interview with Chicago head Goolsbee
- Goldman Sachs gives 5 reasons to add downside protection to equity holdings
- Private oil survey data shows headline crude oil draw
- Forexlive Americas FX news wrap: Powell can't put a floor under the US dollar
- Trade ideas thread - Thursday, 22 June 2023
- Major indices close lower for the 3rd consecutive day
- MUFG sees aggressive BOE rate hike amid surging UK inflation; 4 key takeaways
Mainland China and Hong Kong were both closed for a holiday today, Dragon Boat Festival. This sapped interest and some liquidity from Asian markets.
Major forex rates traded in a tightly rangebound fashion. Net changes are small only.
There was no news flow of note. We had some non-impactful data from New Zealand. On the central bank front we had Bank of Japan board member Asahi Noguchi speaking. He didn’t depart from the current BOJ script, saying the bank must maintain its super-easy monetary policy to help propel wage increases and thus drive inflation to the 2% target. USD/JPY saw a range of around 141.63 – 141.90.
We await the Swiss National Bank and then the Bank of England policy decisions. There are previews for each in the points above.
