ECB Meeting: Tapering on the Menu, Sort of
The European Central Bank meets on Thursday for its regular policy meeting and is scheduled to announce its decision at 11:45 GMT, followed by President Christine Lagarde’s press briefing at 12:30 GMT. Having made several dovish turns in recent months,...
Aussie Slips On RBA’s Dovish Taper, Dollar Extends Rebound
RBA sticks to tapering but delays next move; aussie climbs then falls Dollar on steadier footing, strong China trade data buoys stocks Bank of Canada and ECB not expected to rock the boat RBA takes middle ground as Delta rages...
ECB Preview: Will the ECB Taper Bond Purchases?
The ECB is due to make its monetary policy announcement on Thursday 9th September. With inflation at its highest level in over a decade will the ECB be start to taper bond purchases. When is the ECB announcement? The ECB...
BoC Meets with Election in Background
The Canadian dollar is slightly lower in the Monday session. Currently, USD/CAD is trading at 1.2552, up 0.23% on the day. Financial markets are closed in both Canada and the US, so the pair is likely to have a quiet day....
ECB Preview: Recalibrating, Not Tapering – But Hawks Will Squawk
The ECB meeting on Thursday next week is set to focus on the PEPP re-calibration andthe inflation outlook. With stable and benign financial market conditions, record lowreal rates and an economy that is recovering well in Q3 as well, the...
Growth Rate Slashed – RBA Should Respond
Following the stubbornly high Victorian case count and the associated decision by the Victorian government to abandon the zero case objective we have reviewed our growth forecasts for the Australian economy. The Growth Numbers Our forecasting process is based around...
Weekly Economic & Financial Commentary: Supply Problem Derails August Jobs Report
Summary United States: Supply Problem Derails August Jobs Report The 235K jobs added in August was about half a million jobs short of expectations. For financial markets, which were hanging on every indication of the labor market as a clue...
The Weekly Bottom Line: Blame it on Delta
U.S. Highlights U.S. job growth slowed to 253k in August, well below market expectations for a 720k print. But the report also had plenty of bright spots. The jobless rate fell to 5.2% from 5.4%, while wage growth accelerated to...
Week Ahead: Central Banks Galore and More Jobs Data!
There are a host of central bank meeting this week to focus on, including the RBA on Tuesday, the BOC on Wednesday, and the ECB on Thursday! After the markets got slapped in the face by Non-Farm Payrolls, traders and...
Forward Guidance: BoC to Parse Weak GDP Reports, Persisting Virus Risks
The Bank of Canada was likely as surprised as everyone else about a disappointing round of Q2 GDP data – and an even more surprising drop in July output as the economy was reopening from spring lockdowns. That left GDP...