Archive for ECB

Table – EZ Economy and Perf Since Last ECB Mtg

The European Central Bank is gearing up for a monetary policy announcement tomorrow. Based on the following table, which shows broad based weakness in the EZ economy since the May meeting, they need to ease. Whether it happens now or in July is still an open question, but the central bank can’t sit [...]

Chart: EURUSD and 10 Yr Spanish Yields

There’s been a lot of talk about Spanish 10 year bond yields rising to 7 percent. We’ve been at higher levels in 2011 but at that time the EUR/USD was trading much higher. 7 percent is a critical level because that is the rate that pushed Greece, Portugal and Ireland to beg for [...]

Talking with CNBC Asia about ECB and EUR

I was on CNBC Asia last week talking about how proactive the ECB will be in light of Europe’s sovereign debt troubles. Sorry for the late post!

Market Correction Interview with CNBC

I was on CNBC Asia this morning talking about the potential for a deep market correction over the next few months and the degree of Renminbi undervaluation.

Renminbi Undervaluation

Why BoE is Expected to Ease and ECB is Not

Both the Bank of England and the European Central Bank will be making monetary policy announcements on Thursday. The market expects the ECB to remain on hold and BoE to increase their asset purchase program by GBP 50 billion. A quick look at the following tables explain why the BoE is expected to [...]

What are Central Banks Expected to do in 2012?

The New Year has begun and it is important to see what the market is pricing in for central banks this year. As you may know, central bank rate hike expectations change often but as of last week, most central banks are expected to keep monetary policy unchanged in the coming year but one [...]

On CNBC Talking USD, EUR and Favorite Trade

I was on CNBC this afternoon with Maria Bartiromo talking about the outlook for the USD, EUR and my favorite trade

Tables: US and EZ Economic Performance Since Last Recession

We have FOMC and ECB meetings in the next 24 hours. Here’s some info on how economic data has fared since the last meeting.
US: Not Doing So Bad

ECB: Nothing but Weakness, Skirting Recession

FOMC, ECB, RBA Meetings: What is Priced in?

The Federal Reserve, European Central Bank and the Reserve Bank of Australia have monetary policy meetings scheduled this week and some investors expect these central banks to change monetary policy. Here’s what the market is pricing in according to interest rate futures. You can compare them with the Central Bank expectations back in September. [...]

CNBC Trading Block: Outlook for EUR

I was on CNBC Trading block this morning talking about the outlook for the EUR. Here’s the hit: