Sherif Hasan / Blog
Japanese inflation data, National for May and Tokyo for June National CPI -0.4% y/y, expected is -0.5%, prior was -0.3% National CPI y/y excluding Fresh Food, -0.4% expected is -0.4%, prior was -0.3...
US energy secretary says agreed with Saudi energy minister that oil market still has more supply than demand (US energy secretary speaks after meeting with Saudi energy minister in Beijing) Says: Saudi energy minister sees oil market in balance towards the end of 2016 He expects oil market to be...
Australian Industry Group (AiG) Performance of Manufacturing Index for June comes in at 51.8 prior 51...
1.3500 was nice. 1.3219-22 eyed below The GBPUSD tumbled lower on the back of the BOE Carney comments and in the process solidified the 1.3500 level as a key line in the sand. The level was the low price going back to January 2009. The high price's today stalled at 1...
Dovish BOE talk adds to gains The S&P 500 is up 22 points to 2092 after briefly trading in negative territory at the start of the day. The idea isn't that global growth will be any better. It's that central banks will never hike rates and will do whatever it takes to achieve 1-2% growth...
Apparently on social media Michael Steen the ECB press officer has apparently scotched the story. The euro's bounced but you know the saying, nothings official until it's been officially denied...
Here's some quick thoughts on what the BOE may choose to use Firstly, I'm not pulling a rate cut off the table but I think it's a low probability, just from assessing Carney's comments and tone...
Into the Q&A All MPC members are committed to discharging their duties whatever the Government Bank can react more rapidly than other institutions This meeting is part of our communication Bank can meet any time and make a decision...
Here's the speech link and the pertinent parts Here's the main important part of the speech. "The Committee will make an initial assessment on 14 July, and a full assessment complete with a new forecast will follow in the August Inflation Report...
GBPUSD to 1.3245 from 1.3425. EURGBP 0.8380 from 0.8275 He's waffling on now about the possible effects of Brexit on the economy and the BOE's role in getting through it. The seed is sown though. They'll talk in July and maybe act in August...