News That Matters Next Week 15th July

NORTH AMERICA: EYES ON BERNANKE (AGAIN) The volatility eruption in recent weeks can largely be attributed to comments from central bankers, and it means that it would not be unreasonable to view Ben Bernanke’s semi-annual two-day testimony before Congress, beginning on Wednesday, “with some trepidation,” according to ING’s chief international economist Rob Carnell. Bernanke this…

BOJ July Monetary Policy Meeting Preview

WHEN Thursday, 11 July 2013 Between 00:00 EST: BoJ Policy Decision and Interim Assessment Approximately 02:30 EST: BoJ Governor Kuroda Post-Meeting Press Conference BOJ EXPECTED TO HOLD The expectation is that the Bank of Japan (BoJ) will maintain its policy stance, given the positive tone of recent economic data and surveys. Last month, Japan crawled…

June FOMC Minutes Preview

TIME AND DATE 14:00 EST, Wednesday 10 July 2013: Fed releases minutes from June 18-19 FOMC meeting 16:10 EST, Wednesday 10 July 2013: Fed chairman Bernanke speaks on economic policy in Boston EXPECTATIONS This Wednesday, traders will be focusing on the release of the June FOMC minutes, and a speech by Fed chairman Ben Bernanke…

News That Matters - Week Beginning July 8th

NORTH AMERICA The new quarter got off to a slow start, what with Independence Day falling on the Thursday of last week. Mixed ISM data Monday and Wednesday left markets none the clearer on likely Fed tapering intentions and it took Wednesday’s ADP report before traders got a flavour of the state of the jobs…

US Non-Farm Payrolls Preview

TIME AND DATE US Non-Farm Payrolls: 13:30 BST, Friday 5 July 2013 MAY PAYROLLS BEAT EXPECTATIONS, BUT UNEMPLOYMENT HIGHER US non-farm payrolls rose 175,000 in May, beating expectations of 163,000. The unemployment rate edged higher to 7.6%, from 7.5% in April. The payroll data was initially taken as a positive sign that growth in the…

European Central Bank Policy Meeting Preview

WHEN Thursday 4 July 2013, 12.45 BST: Rate decision Thursday 4 July 2013, 13:30 BST: Post-meeting press conference with ECB president Mario Draghi ECB LOOKS SET TO STAY ON HOLD Markets expect the European Central Bank (ECB) to hold its refinance rate at 0.5% and its deposit rate at 0% at its July monetary policy…

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