Tag Archives: BoE

The Global Macro Pulse

In FX, AUD was the big mover in early trading, rallying 0.4% to 0.937 on the back of good employment data and stronger-than-expected China trade. EUR found support around 1.3906 and

We expect today’s ECB meeting to be another wait-and-see one without any neweasing measures. MarioDraghi is expected to continue to sound very dovish as inflation in April again wasbelow ECB’s expectations,

The Week Ahead in FX

In the week ahead, market participants will be focusing on Thursday’s ECB monetary policy announcement. Rate reviews by BoE and the Reserve Bank of Australia will also be closely watched.

BOE MPC Divisions To Deepen As Stimulus Exit Nears

The Bank of England Monetary Policy Committee was not designed to achieve consensus, and cracks are appearing again after a period of harmony.

Altering our FX forecasts to reflect longer-duration weakness in the USD

We have decided to fundamentally change our USD view. We now donot expect the USD to significantly strengthen until the real Fed Fundsrate turns positive in early 2016 (chart 1).

Weekly Report

No fireworks out of the BoE The BoE kept its monetary policy unchanged at the April 10th meeting.

G20 Communique Renews ‘Cooperation’ Pledge In Softer Language

Finance ministers and central bank governors of the Group of 20 Nations gave another nod toward “cooperation” in pursuit of stronger global economic growth Friday,

FX Daily

Another day with few releases of interest on the global scene. French industrialproduction is expected to rise moderately by 0.2% m/m in February underlining aslow French recovery.

The Week Ahead in FX

In the week ahead, markets will be focusing on Wednesday’s minutes of the Fed’s most recent policy setting meeting. Monetary policy meetings by the Bank of Japan and the Bank of England will also be closely watched.

US Morning Update

The London morning in spot G10 was generally characterised by more EUR weakness, but the crucial factor here is where that weakness was concentrated:

BOE Minutes: MPC Sees Jobless Rate Declining Further

The Bank of England Monetary Policy Committee voted unanimously at its March 5 and 6 meeting to keep policy unchanged, with members expecting the jobless rate to decline further in coming months.

FX: mute ECB

Talking the talk is not sufficient to stop EUR. USD broad weakness vs majors should continue for now.