Foreign Exchange Insights and Next Week

Next Week’s Menu

July 19, 2019

Central Banks: Monetary policy reviews are scheduled at the European Central Bank and in Turkey, Russia and Hungary. ECB President Draghi and Reserve Bank of Australia Governor Lowe will be speaking publicly. Special Event: Robert Mueller’s congressional testimony on July 24. Scheduled U.S. Economic Statistical Releases: Preliminary estimate of second quarter GDP. Monthly new and […] More

Currency World at Midsummer

July 16, 2019

The unofficial summer season occupies the period between the U.S. Memorial Day and Labor Day holidays, and the start of this week marked the midpoint of that interlude. This period when market participants take their longer vacations can be a time of discontinuity that lends itself to currency market volatility and trading that is less […] More

Next Week Through July 19th

July 12, 2019

Central Banks: Monetary policy reviews in India, South Korea, Indonesia, South Africa, Ukraine and Chile. Reserve Bank of Australia releases minutes of July meeting. Bullard, Bostic and Evans of the Fed speak publicly. Holidays: France celebrates Bastille Day on July 14, which marks the 230th anniversary of the start of the French Revolution. Japanese Marine […] More

Next Week’s Menu

July 5, 2019

Central Banks: Monetary policy reviews in Canada, Malaysia, Israel, Peru, Sri Lanka and Serbia. Fed officials who will be speaking publicly next week include Chairman Powell, Vice Chair Quarles, Williams, Kashkari, Barkin, and Bostic. DeBelle of the Reserve Bank of Australia, Coeure of the European Central Bank and Bank of Canada Governor Poloz speak publicly […] More

Next Week

June 29, 2019

Central Banks: Monetary policy reviews in Sweden, Romania, Poland and Australia. Governor Lowe of the Reserve Bank of Australia and Funo of the Bank of Japan speak publicly. EU leaders to try to pick next ECB president. Holidays and Special Events: Canada Day on Monday and U.S. Independence Day on Thursday. G-20 summit in Osaka […] More

Next Week

June 21, 2019

Central Banks: Monetary policy reviews in New Zealand, Iceland, Mexico, Thailand, Hungary and the Czech Republic. Bank of Japan publishes minutes from its April meeting and a summary of this month’s meeting. Federal Reserve officials speaking publicly include Chairman Powell, Bullard (who dissented at this week’s FOMC meeting), Bostic and Harker. Bullard and Lowe of […] More

Can the U.S. Win a Currency War?

June 20, 2019

President Trump wants a weaker dollar to depress imports, strengthen U.S. exports and import-competing domestic goods, and wean America off its reliance on globalized supply lines. He believes the dollar is fundamentally overvalued, and there is some merit to that claim. The most recent semi-annual update of the Economist’s BIG MAC index done last January […] More

Next Week’s Menu

May 31, 2019

Central Banks: Monetary policy reviews scheduled in Euroland, Australia, India, Ukraine, Poland, and Chile. Fed Chairman Powell, Fed District Bank President Bostic, and Vice Chair Clarida speak publicly. So does Bank of Japan Governor Kuroda and RBA Governor Lowe. The Fed Beige Book of regional U.S. economic conditions will be published. Holidays: End of Ramadan […] More

Next Week

May 24, 2019

Central Banks: Monetary policy reviews in South Korea, Sri Lanka, Canada and Hungary. Federal Reserve Vice Chairman Clarida, Bank of Japan Governor Kuroda, Reserve Bank of New Zealand Governor Orr, and Deputy Governor of the Bank of Canada Wilkins speak publicly. Holidays and Events: U.S. Memorial Day and British late spring banking holiday on Monday. […] More

Forex Trading in the Summertime

May 21, 2019

The calendar year in foreign exchange is more easily divided into three rather than four seasons, and the U.S. Memorial Day on the fourth Monday of May and Labor Day holiday on the first Monday of September encapsulate the middle period. This unofficial summer tends to have lighter daily volume than the other two parts […] More