# Central Banks

#Central Banks

European Central Bank

ECB to develop real time money transfer service

The European Central Bank will develop an instant payment settlement service by late next year to facilitate real-time money transfer of small scale transactions, the ECB said in a statement. Real time...
New Zealand Dollar

Kiwi lifted by positive RBNZ growth outlook; oil prices deteriorate on supply glut concerns

The New Zealand dollar jumped after the Reserve Bank of New Zealand said the country’s growth outlook remained positive. Sterling held onto gains after the hawkish comments from Bank of England’s...
Bank of Japan

BOJ’s Kuroda: need to stick with easing, watch price trend

Bank of Japan Governor Haruhiko Kuroda said maintaining the current easy monetary conditions is appropriate because prices are lagging improvements in the economy and remain distant from the central bank's inflation...
Mark Carney

Bank of England’s Carney says now not the time to raise rates

Now is not the time to raise interest rates, Bank of England Governor Mark Carney said on Tuesday, warning of weak wage growth and a likely hit to incomes as Britain...
Australia

Hawkish RBA hampered by financial stability concerns, AUD/NZD, AUD/USD

The RBA remained positive on their economic outlook yet have heightened concerns over financial stability, making a hike from the hawkish bank unlikely in the foreseeable future. In a speech yesterday, RBA...
Mark Carney

After the Fed & BoE surprises, what to expect the week ahead?

Last week central bankers took many traders by surprise. It started with the Federal Reserve’s monetary decision on Wednesday. The 25-basis points interest rate hike was fully priced in for several weeks,...
Federal Reserve

Fed sticks to its guns despite weak inflation

The Fed stuck to its guns, raising rates by a quarter point and calling for another hike this year, in spite of some pretty dreadful inflation earlier that has the market...
Pound

Sterling jumps after hawkish BoE; rate hikes could come sooner

The pound jumped after the Bank of England (BoE) policy announcement yesterday, erasing earlier losses against the dollar. The BoE was more hawkish-than-expected and the Monetary Policy Committee (MPC) vote count...
Reserve Bank of New Zealand

Rising Kiwi likely co concern RBNZ next week, AUD/NZD, NZD/USD

We think the recently removed reference to the exchange rate could make a return in next week's statement after several weeks of solid gain from NZD. AUDNZD is forming a potential...
Bank of England

Central bankers take markets by surprise

With political uncertainty still rippling through UK markets and economic data coming in on the weak side, the Bank of England caught everyone on the hop yesterday despite its decision to...
Great British Pound

GBP: No Change From BoE On Thursday; A Non-Event For GBP/USD

Bank of America Merrill Lynch Research expects no major changes in tone at the BoE's policy meeting on Thursday. "We look for another 7-1 vote to keep rates on hold We see...
FOMC - Janet Yellen

Who shall we believe, the Fed or data?

The Federal Reserve’s decision on Wednesday to raise interest rates by 25 basis points was widely anticipated, but markets were surprised by the hawkishness in the policy statement and Chair Janet...
Federal Reserve FOMC Stocks

Shaky night for the Dollar yet the Fed stick to the plan

We foresaw the potential that CPI data released just hours prior to the FOMC meeting had the potential to steal its thunder. As the grim set of data was released, it...
Federal Reserve

Fed hikes rates, despite weak inflation outlook

It was a rather mixed day for stock markets yesterday with the Dow making another new record close, while the Nasdaq and S&P500 slipped back, after the US Federal Reserve raised...
Bank Of England

BoE Should Look Beyond Temporary Inflation

The UK will be back in focus again on Thursday as the Bank of England announces its latest monetary policy decision, amid all the political chaos following last week’s snap election...
Bank of Canada

BoC continues to steal the limelight from FOMC

The Bank of Canada’s hawkish commentary continues to steel the limelight from Wednesday’s FOMC meeting, sending CAD higher against its peers and sinking USDCAD to a 3.5-month low. Poloz extended the bank’s...
Janet Yellen - Federal Reserve

Fed set to raise interest rates, give more detail on balance sheet winddown

The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to...
Federal Reserve

FOMC June meeting: the last hike of 2017?

The Federal Reserve is widely expected to raise rates on Wednesday but the big question for the market is whether June marks a pause in the current tightening cycle or if...
Australia

Australia central bank sticks to upbeat tune as economy underperforms

Australia's central bank held interest rates for a 10th month on Tuesday, taking an optimistic tone on the economy even while acknowledging that growth likely slowed last quarter by more than...
US Dollar

Dollar extends decline; aussie rallies after RBA; oil under pressure

The dollar was broadly weaker and the yen gained on safe haven demand. The aussie rallied after the RBA meeting. Oil remained under pressure. The Reserve Bank of Australia announced its decision...
Reserve Bank of Australia

Little change from RBA, AU GDP in focus tomorrow

RBA held rates as widely expected and the minor revision to the statement provide no expectations of a change until we head into 2018. We still expect the next change to...
US Dollar

Dollar under pressure after Fed minutes

The Greenback found itself under noticeable selling pressure during early trading on Thursday after May’s Federal Reserve meeting minutes were neatly packaged with a dovish undertone. Although expectations of a rate...
Bank of Canada

USD/CAD Canadian Dollar Higher After Central Bank Holds Rate

The Bank of Canada kept rates unchanged but statement was not all dovish The Canadian dollar is higher against the US dollar after the Bank of Canada (BoC) kept rates unchanged at...
Janet Yellen - Federal Reserve

US dollar rebounds ahead of Fed minutes

It’s taken four days but US markets have managed to recover all of the losses seen in last Wednesday’s sharp decline as investors focussed more on the success of President Trump’s...
Reserve Bank of Australia

RBA continue to monitor labour and housing, AUDJPY falls from the highs

The final paragraph of today’s minutes had been tweaked slightly, suggesting confidence for employment is slightly higher than April, yet risks in the financial system remain. AUD sold off against NZD...
Haruhiko Kuroda

BOJ’s Kuroda: protectionism is no solution for fixing global inequality

Bank of Japan Governor Haruhiko Kuroda said on Friday that trade protectionism won't be a solution for fixing the problem of widening global inequality. Speaking to reporters ahead of a meeting of...
New Zealand Dollar

NZD suffers on RBNZ comments and economic data

It's been an active day of trading for the NZ dollar on the back of the recent dovish comments from the Governor of the Reserve Bank of New Zealand Graeme Wheeler. The...
Mark Carney

Interest rates may need to rise before late 2019 – Bank of England

The Bank of England said on Thursday that it may need to raise interest rates before the late 2019 date that markets had been expecting, assuming Britain can leave the European...
Mark Carney

Bank of England’s Carney likely to stress virtue of patience

Faced with Brexit unknowns, a national election and mixed economic data, Bank of England Governor Mark Carney and his colleagues will probably say on Thursday they want more clarity before paving...
Bank of England

GBP: Risk-Reward Into Super Thursday: ‘Struggling For Traction’

Bank of America Merrill Lynch Research sees little reason for a hawkish Bank of England Quarterly Inflation Report on Thursday.  On the FX front front, BofAML notes that judging by the level of front-end implied volatility,...

LATEST

Oil edges up, but still set for worst first half performance in 20 years

Oil
Oil edged up on Friday, recovering some of the steep falls earlier in the week, but crude...

Oil-linked currencies gain with the commodity’s rise; dollar retreats

Brent Oil
As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked...

Will Silver be Impacted by Rising Fed Hawkishness?

Silver
Silver has continued to see concerted selling pressure as price action remains trapped within the confines of...

Is the USDJPY Rally Ready to Resume?

Japanese Yen
The Dollar Yen’s resurgence has been moderated over the past few days by the presence of the...

Markets: The Week Ahead 23rd June 2017

Euro
A snapshot view of the calendar for next week and commentary on potential catalyst of data of...
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