Archive for June 19th, 2015

Foreign Exchange Insights and Next Week

Next Week

June 19, 2015

Central Banks:  Interest rate policy meetings next week are being held in Turkey, Hungary, the Czech Republic, Israel and The Philippines.  Minutes will be published from the May meeting of the Bank of Japan’s Policy Board.  Powell and George are among the Fed officials speaking publicly. Greece:  To use two cliches, the drop-dead date in […] More

Central Bank Watch

Bank of Japan Recommends a More Transparent Policy Framework

June 19, 2015

The June BOJ Policy Board meeting produced no significant modifications from the previous statement.  Quantitative stimulus was last tweaked in October 2014.  The new statement after five hours 21 minutes of discussion over two days was a virtual replica of May’s and therefore dull.  The baseline forecast assumes a return to 2% core inflation in […] More

New Overnight Developments Abroad - Daily Update

China Steals Greece’s Thunder in the Market Spotlight

June 19, 2015

For whatever reason, markets are not taking the Greek debt standoff as seriously as one might expect.  Neither the Tsipras government nor Greece’s creditors have taken steps that suggest a last minute compromise.  But share prices in Europe are up 1.1% in Italy, 0.7% in Spain and 0.6% in Greece.  Several markets in the Pacific […] More