Author: Adam Button

Expectations for Jackson Hole are low

Barclays says muted tone from Draghi could hurt EUR Barclays Capital FX Strategy Research argues that ECB President Draghi is unlikely to offer meaningful hints on the ECB upcoming monetary policy at Jackson Hole.

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Author: Eamonn Sheridan
6

ECB president Draghi speaks today (0700GMT)

European Central Bank President Draghi to speak at the Opening Ceremony of the 6th Lindau Meeting on Economic Sciences  - Giving the keynote opening speech Just a heads up. Draghi is also speaking later in the week at the Jackson Hole symposium

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Author: Eamonn Sheridan
4

37% of Japan firms see 2 % BOJ inflation goal taking >3 years, 31% say its impossible

Reuters latest corporate survey - 37% saying the target would take more than three years to achieve - 31% saying it was not feasible at all - Compared to October when the same question was asked in the monthly survey, the number of firms believing it was impossible saw a 5% uptick although the number saying it was achievable within three years also saw a 5% rise

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Author: Eamonn Sheridan
3

Barclays on the BOJ's dilemma

The Bank of Japan's dilemma, say Barclays in their note, is Japan's growth- inflation gap In brief, the points Barclays make (bolding mine): Real GDP grew 4.0% q/q saar in Q2 & in Q1: 1.5%

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Author: Adam Button
3

New York Fed release new labor market survey and it's not good

Wages lower, more people looking for work Today the New York Fed released a new quarterly survey on the labor market and it showed an increase in the proportion of individuals who searched for a job, and a decline in the average full-time offer wage.

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Author: Adam Button

PBOC adviser says yuan may rise to 6.5 per dollar by year-end

Reports from the China News Service A drop to 6.50 in USD/CNY would send the pair back to where it was in May 2016. It would represent a 2.5% drop. The advisor cited was Sheng Songcheng who said it's 'totally possible' it will rise to 6.60 or 6.50 by year end.

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Author: Eamonn Sheridan
1

Jackson Hole speeches & EUR/USD: Draghi hot, Yellen not

It should be a EUR vs. USD battle at the central banker symposium with contrasting speeches from the ECB and the Federal Reserve Both European Central Bank President Mario Draghi and Fed Chair Janet Yellen are to give speeches, , fearing it might be a bit of snoozer:

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Author: Adam Button
4

Why Yellen's Jackson Hole speech could be a dud

The Fed Chairman speaks Aug 25 Janet Yellen speaks on Friday at the Kansas City Fed's Jackson Hole symposium. The annual event is a traditional spot for central bankers to set the agenda for the final stretch of the year.

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Author: Eamonn Sheridan
4

ANZ on what to expect from Yellen and Draghi next week (Jackson Hole preview)

ANZ with a look ahead to the week, with the preamble that: the last two weeks confirmed the USD has likely bottomed: What to expect at Jackson Hole: In his speech at the Jackson Hole meeting this week, ECB President Draghi is expected to give further sign of ECB's growing confidence in the euro area economy.

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Author: Adam Button
2

Fed's Kaplan sees 2017 GDP growth a little above 2%

Kaplan speaking in Dallas - Strength of US consumer is underpinning economy - US household sector has great capacity to spend Shouldn't the aim be to grow GDP-per-capita? I mean, growth is good for corporations and government tax revenues but GDP per capita is the bottom line on how effective your country is and the standard of living. Just bringing in people for the sake of overall growth isn't the solution most people are looking for.

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Author: Mike Paterson
8

Draghi to speak at Jackson Hole on 25th August

Details of Draghi speech at Jackson Hole  released a short while ago 18 Aug - speech to begin at 1pm local time ( 19.00 GMT ) No further detail, and of course no detail on content. This is just prior notice of the timing of his appearance.

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Author: Eamonn Sheridan
1

Bank of England monetary policy - Mark Carney is going off script

Here is an interesting read for what may turn into a sedate Asian Friday ... , noting Its from Bloomberg on the Bank of England that textbooks would say to raise interest rates. Mark Carney is going off script.                 

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Author: Eamonn Sheridan

Barclays on the European Central Bank minutes

I just posted the Bloomberg take on the ECB minutes here: "ECB officials expressed concern over risk of euro overshoot" (minutes recap) While I'm on the ECB, here is the (in brief) response via Barclays:

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Author: Eamonn Sheridan
3

BOJ will be buying JGBs today - but less?

Yields on 10 year JGB fell on Wednesday, the day the Bank of Japan reduced its purchases in the 5 to 10 year maturities There is another auction today, the Bank might reduce its purchases again. They are more likely to do so

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