Archive for July 19th, 2019

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

New Overnight Developments Abroad - Daily Update

NY Fed President Moves Markets Unwittingly

July 19, 2019

John Williams, President of the NY Fed and a permanent member of the FOMC, gave an academic speech asserting that it’s best for central banks to respond quickly in the face of slower economic growth. Investors took his comment as the clearest sign yet that the federal funds rate will be cut at the FOMC […] More