1615 GMT/12:10 US Eastern time: Federal Reserve Board Governor Christopher Waller speaks on economic outlook at the University of California Santa Barbara conference: 2023 Santa Barbara County Economic SummitAlso from the Fed are Federal Open Market Committee (FOMC)...
Bank of England Governor Bailey speaking twice on Wednesday
Bank of England Governor Bailey spoke yesterday:He is up again today:0930 GMT/05:30 US Eastern time: Bank of England Governor Andrew Bailey gives a keynote speech at the Net Zero Delivery Summit hosted by the City of London Corporation1300 GMT/09:00 US Eastern time:...
European Central Bank President Lagarde to speak today – celebration of the ECB’s birthday
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
RBNZ Governor Orr says its been a long battle, the latest data is satisfactory
RBNZ Governor Orr press o=confernce following the rate hike earlier. Read from the bottom up for the chronology:Orr: latest data is satisfactoryits been a long battletoday was the first time the monetary policy committee went to a vote over the decisionoutlook for...
ForexLive Asia-Pacific FX news wrap: RBNZ hikes cash rate, signal the rate has peaked
The Reserve Bank of New Zealand raised its Official Cash Rate (OCR) by 25bp to 5.5% today in a split (5 to 2) decision and signalled the hiking cycle is over. The Bank noted policy would remain restrictive for some time to come and sees cuts from the back half of...
RBNZ Governor Orr Monetary policy media conference – live link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
RBNZ minutes indicate a split decision on rate hike
Highlights from the minutes to the Reserve Bank of New Zealand meeting: Raising the OCR to 5.50% is consistent with the projectionsReached a consensus that interest rates will need to remain at a restrictive level for the foreseeable futureBy a majority of five votes...
RBNZ says that Businesses reporting lack of demand the main constraint on activity
More from the RBNZ re their rate hike today: Level of interest rates constraining spending and inflationInterest rates will need to remain at restrictive level for forseeable futureGlobal growth remains weak, inflation pressures are easingIn New Zealand inflation is...
NZD marked significantly lower following the RBNZ 25bp rate hike
Rate hike post is here:The summary of the statement of relevance for NZD pricing is that the Reserve Bank of New Zealand maintained its peak rate forecast at 5.5%, which is the rate it set today, and says this rate remains restrictive. NZD/USD marked down as it...
RBNZ raise its cash rate by 25bp
Central Banks There were solid arguments for an on-hold decision all the way to a +50bp rate hike. Very much a live meeting. <!--> --> Eamonn Sheridan Wednesday, 24/05/2023 | 02:00 GMT-0 24/05/2023 | 02:00 GMT-0 <!--> --> Reserve Bank of New Zealand...
Coming up soon – Reserve Bank of Australia official (Head of Domestic Markets) speaking
David Jacobs is Head of Domestic Markets at the RBA. He will be speaking to the Australian Government Fixed Income Forum, Tokyo.I haven't seen a topic listed, but I'd suggest its worth being aware of this and potential headlines. Japanese are big investors in...
PBOC reference rate for today is the weakest for CNY since December 1 2022
The People's Bank of China mid rate for onshore yuan today:Offshore yuan is weakening further, USD/CNH is above 7.08 for the first time since December ;last year also:Yesterday I posted on the Global Times looking for any excuse except the faltering Chinese economic...
ICYMI – Threat from Saudi oil minister: told oil speculators to “watch out”, pain ahead
This from Tuesday US time:Saudi Oil Minister Prince Abdulaziz bin Salman on Tuesday told market speculators to "watch out," reiterating his warning that they could face pain ahead. "Speculators, like in any market, they are there to stay. I keep advising that they...
PBOC sets USD/ CNY mid-point today at 7.0560 (vs. estimate at 7.0566)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
US Dollar Steadies on Firm Treasury Yields Despite Debt Ceiling Risks. Higher USD?
US Dollar, DXY Index, USD, Debt Ceiling, Volatility, VIX, MOVE, OVX, GVZ - Talking pointsThe US Dollar has shored up some support as debt ceiling talks continueTreasury yields have been climbing and may underpin USD amid uncertaintyWhile volatilities are in check, for...
Australian Westpac/MI Leading Index for April has its ninth consecutive negative result
From Westpac / Melbourne Institute, summary points: The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, declined to -0.78%...
Goldman Sachs’ Powell on debt limit negotiations – “there’ll be a resolution”
Goldman Sachs's Dina Powell says on debt ceiling negotiations that while "it'll get too close for comfort, there'll be a resolution."Powell is a senior executive in Goldman Sachs investment bank and prio to that served as United States Deputy National Security Advisor...
PBOC is expected to set the USD/CNY reference rate at 7.0566 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
BlackRock’s Rieder says the Federal Open Market Committee (FOMC) likely to pause in June
Rick Rieder is chief investment officer of global fixed income at BlackRock. He was speaking at a BlackRock media event on Tuesday.He expects to FOMC is likely to pause at its June meeting.Reider says that while the U.S. economy is moderating it is showing...
ECB hikes still on the boil, but Fed to pause in June (July hike possible) – divergence
Forecast comes via David Arnaud, senior fixed-income fund manager at Canada Life Asset Management.On the Federal Open Market Committee (FOMC):says an on hold decision in June is likelybut another hike in July is a possibility, subject to inflation data developmentsFed...