In the early part of London, Euro buying predominance, Lagarde remarks
Euro buying is predominant in the early stages of London. ECB President Christine Lagarde’s remarks accelerated euro buying, as the German Ifo Business Confidence Index rose unexpectedly to 93.0 in May. The Governor said the ECB is likely to break out of negative interest rates by the end of the third quarter. He clarified the […]
To digest the ingredients released this week, including adjustments ahead of the weekend
In the overseas market after this, it seems that the development will include adjustments ahead of the weekend. While the tightening stance of the US and European financial authorities has become clear this week, the Bank of Japan has maintained its traditional easing stance, such as notifying continuous limit operations. FRB Chairman Powell said yesterday […]
Reaction of buying euro, ECB vice president mentions possibility of rate hike in July
In the morning of London, the movement to buy euros is spreading. ECB Deputy Governor Degindos has responded to mentioning the possibility of a July rate hike, albeit dependent on data. Eurodollar hit a high of 1.0898 level from around 1.0850. The euro-yen has risen from around 139.10 to the 139.46 level, rising to a […]
Reaction of euro selling, ECB has not changed significantly from the previous time
Euro is sold after the announcement of the ECB board. The announcement seems to have responded to the fact that no major changes have been made since last March. The purchase pace of APP is the same as the previous time, and if necessary, it is possible to resume net purchase of PEPP. In particular, […]
ECB Board of Directors, etc.
The results of the European Central Bank (ECB) Board of Directors will be announced at 8:45 pm Japan time, and a press conference by ECB President Christine Lagarde will be held at 9:30 pm. At this board meeting, it is certain that the policy interest rate will remain unchanged at the current 0% and the […]
Russia-Ukraine Foreign Ministers’ Meeting begins
The meeting between Russian Foreign Minister Sergeĭ Viklov and Foreign Minister Kleva Ukraine began at 5:30 pm on the 10th of Japan time in Antalya, southern Turkey. This is the first time that the two foreign ministers have met in person after Russia’s invasion of Ukraine, and Turkish Foreign Minister Chabsior, who acts as an […]
The inclusion of the ECB25bp rate hike in the money market will be delayed to next year.
The ECB25bp rate hike factor in the money market has been delayed from 12 to next year. The background is that there are concerns that the situation in Ukraine will become more serious and protracted. A ceasefire talks between Ukraine and Russia are underway, and it has been confirmed that they will continue in the […]
Aware of next week’s British and European events whether the dollar will continue to rise even ahead of the weekend
The dollar market was booming this week over the US FOMC. As FRB Chairman Jerome Powell’s interview was more hawkish than expected, US bond yields rose, the stock market plummeted, and the dollar’s exchange rate moved toward a stronger dollar. The dollar-yen pair rose to the 115-yen level, the euro-dollar pair fell to the 1.11 […]
Successfully passed the FOMC, today announced monetary policy in Britain, Europe and Turkey
The US FOMC yesterday was shown to change direction to hawks. With the end of bond purchases ahead of schedule, the outlook for rate hikes has been raised to three times next year. After reflexively reacting to the dollar buying, the market leaned toward the weakening of the dollar and the yen along with the […]
ECB officials are cautious The euro’s topside continues to be heavy
Eurodollar is around 1.1440, and the top price is getting heavier again. The Euroyen softened from rubbing around 130.70 to around 130.50. The euro is weak against the pound. Several ECB officials have shown a cautious stance. “There is still a lot of slack in the eurozone economy,” said Central Bank Governor Lane Finland. “Eurozone […]