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Policy Daily Review July 23, 2019

Policy Daily Review for July 23, 2019

Forex Economic Calendar Week Ahead: Next UK PM, ECB Meeting, US GDP & More

The last full week of July will see the most significant action emanating from Europe.

 

EUR/USD May be in for ECB Shock, GBP/USD Weakness Persists – US Market Open

EUR/USD May be in for ECB Shock, GBP/USD Weakness Persists – US Market Open

 

Top 5 Events – FX Week Ahead: July ECB Meeting & EUR/JPY Rate Forecast

The June European Central Bank rate decision and policy meeting will arrive on Thursday, June 6 at 11:45 GMT.

 

EUR/GBP at the mercy of Brexit noise, the Fed and ECB

EUR/GBP shot higher on Monday, recovering the Brexit noise lead spike in the Pound which was correcting a flurry of recent short positioning as market

 

ECB: Moderate risk that the central bank will catch markets off guard next – Wells Fargo

On Thursday, the European Central Bank will have its policy meeting. Analysts at Wells Fargo, expect no change in rates and look for an adjustment to

 

ECB: Change of forward guidance to confirm stimulus is on the way – ABN AMRO

Nick Kounis, head of Financial Markets Research at ABN AMRO, noted that there is a possibility that the (ECB) Council will signal the increasing…

 

UK: Junior Foreign Minister Duncan quits to push for confidence vote on new PM – BBC

British Junior Foreign Minister Sir Alan Duncan has announced his resignation to push for an emergency vote to test the new Prime Minister’s majority,

 

Pound Awaits New PM, Euro the ECB and Dollar a Distant Fed Decision

Already ravaged, volatility was severely lower to start this week as the EURUSD held its range to an incredibly narrow 19.4 pips

 

Hungary: NBH to keep all its policy rates on hold – TDS

In line with the unanimous consensus, analysts at TD Securities are expecting the NBH to keep all its policy rates on hold at today’s Monetary Council

 

EUR/USD: Breaking lower as German yields slide ahead of ECB

EUR/USD fell below 1.12 in Asia and could extend losses in Europe, courtesy of the dovish European Central Bank (ECB) expectation and the weakness in

 

BOJ may discuss preemptive easing next week – MNI News

Japan’s weaker economy and the output gap’s influence on achieving the 2% inflation target may force the Bank of Japan (BOJ) to consider pre-emptive e

 




Gold, Crude Oil Prices May Fall on Downbeat IMF Global Outlook

Gold and crude oil prices may fall as the IMF sounds the alarm on slowing global growth, driving haven demand for the US Dollar.

 

USD May Rise on IMF Economic Outlook, GBP Braces for New UK PM

Sterling traders will be eagerly waiting for the announcement of the new UK Prime Minister while the US Dollar may rise after the IMF releases its updated economic outlook.

 

GBPUSD Eyes Monthly Low as New UK Leadership Risks Shift in BoE Policy

GBPUSD appears to be on track to test the monthly-low as the threat of a no-deal Brexit puts pressure on the Bank of England (BoE) to alter the path for monetary policy.

 

Boris Johnson to be Next UK Prime Minister: FTSE 100 vs FTSE 250

Boris Johnson to be Next UK Prime Minister: Impact on FTSE 100 vs FTSE 250

 

ECB: Softer Q2 quarterly bank lending survey – TDS

Analysts at TD Securities note that the ECB released its quarterly bank lending survey for Q2, and the results are a bit softer than we’ve seen lately

 

Australia: Recent falls in consumer sentiment will be unsettling for policymakers – Westpac

Matthew Hassan, analyst at Westpac, suggests that their latest Red Book finds a mixed bag of developments for the Australian economy since April. Key

 

Sources: BOJ likely to revise FY 2019 inflation forecast lower next week – Bloomberg

Bloomberg quotes people familiar with the matter, as saying that the Bank of Japan (BOJ) could make a downward revision to its FY 2019 inflation forec

 

Money markets now price in less than 40% chance of a 10 bps ECB rate cut on Thursday

Reuters cites ECBWATCH that money markets are now pricing in less than 40% chance of a 10 bps European Central Bank (ECB) rate cut on Thursday versus

 

Cheer Up


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Have a nice trading!




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