Author: Eamonn Sheridan

Will the People's Bank of China send the onshore yuan lower again today, depreciating it further?

Société Générale says whether or not the depreciation is a Bank policy is a question traders will be asking more often. And, the bank warns …
  • "the Trump Administration is unlikely to keep quiet for long" on it
SG's prediction has already come to fruition, Trump overnight:  Chinese Yuan is dropping like a rock

Mind you, he said the same thing even when it was going up, so there is that :-D 

I'm the Prez, you can't margin call me!


ForexLive

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Author: Eamonn Sheridan

PBOC official says leverage has stabilised, debt increase now slowed

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PBOC official says leverage has stabilised, debt increase now slowed


Author: Eamonn Sheridan
Category: Central Banks
0


Head of PBOC's statistics department, writing in the Financial News (a newspaper run by the PBOC itself) - leverage ratio has stabilized - debt increase in the seen in Q1 has slowed China to hold leverage ratio under control

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Trade ideas thread - Wednesday 18 July 2018
Asset 41

Author: Eamonn Sheridan
27

How Trump's attack on Fed independence could backfire and see higher US rates

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How Trump's attack on Fed independence could backfire and see higher US rates


Author: Eamonn Sheridan
Category: Central Banks
27
A piece from Bloomberg on presidential pressure for low US rates and what the Federal Reserve  might do to demonstrate its independence Here is the for more, worth checking out!

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Author: Adam Button
1

Fed's Quarles says switch to SOFR is ahead of schedule

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Fed's Quarles says switch to SOFR is ahead of schedule


Author: Adam Button
Category: Central Banks
1
Comments from Quarles ForexLive

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Author: Eamonn Sheridan

PBOC sets USD/ CNY central rate at 6.7066 (vs. yesterday at 6.6914)

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PBOC sets USD/ CNY central rate at 6.7066 (vs. yesterday at 6.6914)


Author: Eamonn Sheridan
Category: Central Banks
0
And there it is, 6.7 for the reference rate (and change) -   In Open Market operations, PBOC to:net 70bn yuan added ForexLive

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Author: Eamonn Sheridan
1

BOJ 'tapers' again at the JGB auction

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BOJ 'tapers' again at the JGB auction


Author: Eamonn Sheridan
Category: Central Banks
1
  The Bank of Japan have cut it purchases of JGBs -  The Bank bought 60bn yen of JGBs with a maturity of 25 - 40 years against the 70bn yen at the previous operation You may recall the first time the BOJ tapered (over a year ago) the yen strengthened. Then again the next time. After that we all got bored and now the yen does not do too much all (at the most recent taper to today the yen weakened …. bringing forth much LOLs).

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Author: Eamonn Sheridan

Goldman Sachs expects the RBNZ to hike in February 2019

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Goldman Sachs expects the RBNZ to hike in February 2019


Author: Eamonn Sheridan
Category: Central Banks
0
Goldman Sachs chief New Zealand economist Andrew Boak  says the Reserve Bank of New Zealand to increase the OCR to 2% in February 2019 via Interest Co 

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Author: Adam Button
37

Major central banks: What's priced in for upcoming meetings

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Major central banks: What's priced in for upcoming meetings


Author: Adam Button
Category: Central Banks
37
What are the odds of a hike? Fed: ECB: BOE: BOC: RBA: RBNZ: BOJ: ForexLive

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Author: Greg Michalowski
1

US Beige Book: US economy continued to expand over the last few weeks.

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US Beige Book: US economy continued to expand over the last few weeks.


Author: Greg Michalowski
Category: Central Banks
1
Beige book: ForexLive

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Author: Greg Michalowski

Fed's Beige book to be released at the top of the hour

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Fed's Beige book to be released at the top of the hour


Author: Greg Michalowski
Category: Central Banks
0
Lots of "some districts",  "most districts" and "a few districts" The Beige Book is an anecdotal review of the US economy from a Federal Reserve district by district basis.

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Author: Greg Michalowski
1

Fed's Powell: Regulatory issues around crypto currencies are big and broad

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Fed's Powell: Regulatory issues around crypto currencies are big and broad


Author: Greg Michalowski
Category: Central Banks
1
Adds to earlier comments on crypto Earlier he said: Bitcoin on Coinbase is trading at $7440, up $125. The 100 day MA is at $7608.82.  ForexLive

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Author: Adam Button
6

Powell: no evidence a recession is imminent

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Powell: no evidence a recession is imminent


Author: Adam Button
Category: Central Banks
6
More from Powell Since Powell has come back from a break, there hasn't been much interesting. One thing that's great about Powell is that when he can't answer a question, he just says he can't answer it. It helps things move along, rather than running out the clock and rambling like Yellen. "I'm not going to give you advice on fiscal policy, sorry," he said in response to a question about taxes.

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Author: Adam Button
2

Powell says wide range of wage measures have moved up

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Powell says wide range of wage measures have moved up


Author: Adam Button
Category: Central Banks
2
Comments from Powell Powell has been asked about immigration, tariffs, government debt and stress tests but has said all the standard things in response. He also brushed aside worries about yield curve inversion again.

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Author: Adam Button

Powell repeats prepared remarks in Day 2

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Powell repeats prepared remarks in Day 2


Author: Adam Button
Category: Central Banks
0
Powell at the House Financial Services Committee ForexLive

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Author: Adam Button
4

Day 2 of Powell's testimony is coming up

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Day 2 of Powell's testimony is coming up


Author: Adam Button
Category: Central Banks
4
Humphrey Hawkish part 2 I can't remember a time when the second day of testimony led to anything particularly revealing or market moving. Expect the same opening statement and then a Q&A at about 25-minutes after the hour.

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Author: Adam Button
15

Bernanke: This time the signal from inverted yield curve might not be true

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Bernanke: This time the signal from inverted yield curve might not be true


Author: Adam Button
Category: Central Banks
15
Bernanke at an event to discuss lessons from 2008 crisis Bernanke brushed aside worries about the yield curve at an event late Tuesday, saying that QE and regulatory changes may have distorted the signal.

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Author: Adam Button
17

ECB's Villeroy: Economy is stronger than feared

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ECB's Villeroy: Economy is stronger than feared


Author: Adam Button
Category: Central Banks
17
Upbeat comments from Bank of France leader In the latest IMF growth estimates, the largest developed market downgrade was for France (-0.3 pp).

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Author: Eamonn Sheridan
2

PBOC sets USD/ CNY mid-point today at 6.6914 (vs. yesterday at 6.6821)

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PBOC sets USD/ CNY mid-point today at 6.6914 (vs. yesterday at 6.6821)


Author: Eamonn Sheridan
Category: Central Banks
2
People's Bank of China with the daily reference rate setting for the onshore yuan Ladies and gentlemen, you are permitted by the Bank to trade the CNY + or - 2% from this reference rate for the session. But no more! K?

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Author: Eamonn Sheridan
1

More from Fed's George: Heightened trade policy uncertainty not healthy for economy

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More from Fed's George: Heightened trade policy uncertainty not healthy for economy


Author: Eamonn Sheridan
Category: Central Banks
1
Esther George, President of the Federal Reserve branch in Kansas City Headlines via Reuters - Heightened uncertainty due to trade policy not healthy for economy I am hesitant to award the Captain Obvious prize so early in the week, but a strong contender indeed from George

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Author: Eamonn Sheridan
2

Fed's George says further gradual US rate hikes are needed

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Fed's George says further gradual US rate hikes are needed


Author: Eamonn Sheridan
Category: Central Banks
2
Unsurprising remarks in the speech from Esther George, President of the Federal Reserve branch in Kansas City Headlines via Reuters   George has been consistently towards the less dovish end of the Fed spectrum. the times suit her right now. 

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Author: Greg Michalowski

ECB Rehn: It is wise in monetary policy not to tie one's hand too early

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ECB Rehn: It is wise in monetary policy not to tie one's hand too early


Author: Greg Michalowski
Category: Central Banks
0
ECB Rehn speaking on the wires: The EURUSD trades above and below the 100 hour MA at 1.16855. The 50% of the move up from last Friday's low comes in at 1.16779. The low on Monday reached 1.16749.  

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Author: Greg Michalowski
3

More Powell: People look at the yield curve for long run rate signal

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More Powell: People look at the yield curve for long run rate signal


Author: Greg Michalowski
Category: Central Banks
3
Speaks about the yield curve ForexLive

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Author: Greg Michalowski

Fed's Powell: Would not declare victory on inflation yet

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Fed's Powell: Would not declare victory on inflation yet


Author: Greg Michalowski
Category: Central Banks
0
Continues the testimony on Capitol Hill ForexLive

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Author: Greg Michalowski
8

Highlights of Q&A from Fed Powell's testimony

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Highlights of Q&A from Fed Powell's testimony


Author: Greg Michalowski
Category: Central Banks
8
Testimony on Capitol Hill in front of the Banking Housing and Urban Affairs of the US Senate ForexLive

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Author: Greg Michalowski
29

Fed's Powell: Best policy is to keep gradually raising rates

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Fed's Powell: Best policy is to keep gradually raising rates


Author: Greg Michalowski
Category: Central Banks
29
Risk to overall economy is roughly balanced Here is the link to the prepared remarks: CLICK HERE ForexLive

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