TAG ecb

El-Erian anticipates earlier hikes from ECB

The European Central Bank (ECB) could be prompted to raise interest rates sooner than planned against a backdrop of inflation and divergent monetary policy, according to Allianz’s Chief Economic Advisor, Mohamed El-Erian. “It wouldn’t surprise me if they (the ECB) start hiking in the middle of summer (2019), as opposed to the end of the…

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Asia Wrap: India or Italy the risk is yours !!

USD Asia tracked through a tight range watching the EUR move from the sidelines with China and South Korean markets out. INR the major focus USDINR moves lower trading with heavy tone on headlines that the Government is in talks with the RBI for a USD swap window. Something key to watch out for in…

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Battered and bruised

Battered and bruised It was a tough week for the markets leaving many participants battered and bruised, but the great thing about this industry, is we get to do it all over again next week. US 10y yields went on to test 3.0% Friday after a string of constructive  US data, and Fed speaks supported…

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OANDA Market Insights podcast (episode 31)

OANDA Senior Market Analysts Craig Erlam reviews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Turkey rates rocket, Sterling up on Brexit hopes, Carney house price warning, Beijing welcomes trade talks offer. Trade Tensions Return as US Tariffs on China Lift Dollar Posted 2 minutes…

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Draghi remains confident about eurozone economy

The first signs of an impending global financial crisis were clear long before Lehamn Brothers collapsed, European Central Bank (ECB) President Mario Draghi said on Thursday. Speaking at a post-policy meeting press conference in Frankfurt, Draghi told reporters: “For us, the crisis actually started before Lehman. The first serious signs of an impending crisis actually date back…

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CBRT takes the focus off BoE and ECB meetings

Turkish central bank needs aggressive hike to settle investors Markets are trading relatively flat ahead of a slew of central bank meetings on Thursday, with the BoE, ECB and CBRT all scheduled to make interest rate decisions. While the Bank of England and European Central Bank would typically steal the spotlight, it’s actually the Central…

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BoJ’s new script supports the carry-trade

Tuesday July 31: Five things the markets are talking about Sovereign government bonds prices have rallied overnight as the Bank of Japan (BoJ) again committed to keep its “ultra-loose” monetary policy intact. As expected, Japanese policy makers tweaked some policies, but signalled rates to stay low for an “extended period of time.” In respect to…

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Yen buoyed as inflation tops estimates

Tokyo prices rise most in four months This morning’s release of consumer prices in Tokyo saw the biggest rise in four months. Prices rose 0.9% y/y, beating economists’ estimates of a mere 0.5% increase by a large margin. Prices in June were 0.6% higher than a year earlier. This contrasts with the national reading for…

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