Author: Mike Paterson
4

ECB's Mersch just finishing his speech in Singapore 25 July

  • underlying EZ inflation to rise gradually
  • headline inflation dampened by weak energy prices
  • EZ growth risks may be upward

Eamonn has now also updated his original post here

EURUSD continues to nudge higher and post 1.1664 higher despite Mersch's cautious tones.

Expect offers res into 1.12680-85 and more into 1.1700

                                                   EURUSD 15m

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Author: Eamonn Sheridan
1

FOMC meeting this week, what to expect (more previews)

I posted up some bank previews of the Federal Open Market Committee meeting this week (statement due Wednesday 26 July 2017) Long story short is not to expect much, if any, change at all. RBC may have put it best: "the reality is this "

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Author: Greg Michalowski
5

CSNB Jordan: CHF still significantly overvalued

Jordan's comment in Le Temp He adds: The comments are in line with what is standard. Technically, the EURCHF trades around 1.1000. The high for the year has reached 1.1087. The highs from 2016 reached 111.28 and 1.1198.  The low in 2016 reached 1.06321. The low in 2016 reached 1.0618.  

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Author: Mike Paterson

ECB's Mersch: As conditions normalise it's unlikely that unconventional policies will remain necessary

ECB's Merch speaking at Bank Negara, Malaysia 24 July Speech entitled "Central banking in times of technological progress" Says Mersch: The first important consideration for monetary policy relates not to any particular technology, but to the overall rate of technological progress. As the technological frontier shifts outwards, and that knowledge diffuses across the economy, overall productivity increases. That increased productivity affects the rate of return on investment and hence the level of real equilibrium

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Author: Mike Paterson
7

ECB eyeing October as most likely month for QE decision

So say "sources" cited by Reuters 21 July - December too late even if staff have flagged it as an option Reuters citing four sources "with direct knowledge of the discussion". Treat the comments as you see fit. I'm posting because it's out there.

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Author: Mike Paterson
4

ECB Q3 Survey: 2017 GDP and core inflation revised upwards

Results of the Q3 2017 ECB Survey of Professional Forecasters 21 July - HICP inflation expectations have been revised downwards for 2017, 2018 and 2019. Longer-term HICP inflation expectations remain unchanged at 1.8%. Full results

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Author: Eamonn Sheridan
11

More from RBA's Debelle: Says rising AUD is not welcome

Guy Debelle, Deputy Governor of the Reserve Bank of Australia, his earlier speech is here: RBA's Debelle: Australian rates do not have to rise in line with global peers Q&A now:

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Author: Eamonn Sheridan
4

Heads up AUD traders - another RBA speech due soon (0415GMT)

Nothing like a 100 points or so each time the RBA mouths off this week. Due at 0415GMT, Michele Bullock, Assistant Governor (Financial System), at the Melbourne Institute/The Australian Economic & Social Policy Conference.

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Author: Eamonn Sheridan

Heads up for an RBA speech due at 0240GMT

 Guy Debelle, Deputy Governor of the Reserve Bank of Australia Speaking on Global Influences on Domestic Monetary Policy Coming up in just a few minutes time!

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Author: Eamonn Sheridan

PBOC sets USD/CNY mid-point today at 6.7415 (vs. yesterday at 6.7464)

People's Bank of China reference rate for the RMB against the USD today, stronger for the yuan Open market operations, the PBOC to: - to inject 100 bn yuan via 7 day reverse repos 100bn yuan mature today (for RRs), thus a net 40 bn yuan injection

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