from MacroScope:

Currency concerns everywhere

By Mike Peacock
March 24, 2015

A bureau de change operator counts U.S. currency notes in Abuja

Currency concerns in the central banking world have come to the fore again.

Sweden cut interest rates further into negative territory out of the blue last week, fearing its strong currency will engender deflation. The Swiss National Bank said it would aim to weaken what it sees as a "significantly overvalued" franc. And the Bank of England flagged the risk that sterling could strengthen further and leave inflation below target for longer.

from MacroScope:

Patient: Fed may drop the word, not the idea

March 18, 2015

RTR4R4RY.jpgFed Chair Janet Yellen may signal later today that she is no longer patient about when to consider raising rates but any eventual hike is likely to come after June, judging by how many key economic reports so far this year have undercut expectations.

from Morning Bid with David Gaffen:

Better Fed than dead

March 18, 2015

Headed into the Federal Reserve decision this afternoon, there’s been a decided shift in positioning in the fixed-income markets and conviction in terms of investor positioning.

from India Insight:

Sensex to rise 10-15 pct in 2015: Vinod Nair of Geojit BNP Paribas

By Reuters Staff
March 18, 2015

India’s BSE Sensex has gained nearly 4 percent so far in 2015 after the benchmark surged to record highs following the electoral triumph of Prime Minister Narendra Modi last summer. Vinod Nair, head of research at Geojit BNP Paribas, says markets are now consolidating and likely to take cues from corporate earnings and global factors such as a rate hike by the U.S. Federal Reserve.

from MacroScope:

Talking Turkey

By Mike Peacock
March 11, 2015

Turkey's President Tayyip Erdogan arrives for a welcoming ceremony at the Presidential Palace in Ankara

Turkish Central Bank Governor Erdem Basci will brief President Tayyip Erdogan today about sharp falls in the lira of about 12 percent versus the dollar this year which have not been helped by Erdogan's criticism of monetary policy.

from Global Markets Forum Dashboard:

NFP may surprise to the downside, weigh on ‘15 Fed rate hike, economist, analyst says

March 5, 2015

The monthly U.S. nonfarm payroll data for February will be released on Friday and with it, another swarm of speculation as to whether it will prompt the Fed to raise rates this year will follow.

from MacroScope:

ECB to fill in the QE gaps

By Mike Peacock
March 5, 2015

ECB President Draghi arrives to take part in a plenary debate on the ECB's Annual Report 2013 at the EU Parliament in Brussels

The European Central Bank is holding its monthly meeting – an offsite gathering in Cyprus – and is about to commence its quantitative easing bond-buying programme.

from MacroScope:

Prescient Yellen saw limits of zero Fed interest rates back in 2009

March 4, 2015

yellen.jpgDespite the Federal Reserve's trillions of dollars in newly printed money, workers' wages and overall U.S. inflation have failed to take off since the recession. Longer-term borrowing costs, from 10-year Treasury yields to 30-year home mortgages, have also compressed without any real signs of reversing. While this has perplexed many economists, transcripts of the U.S. central bank's crisis-fighting meetings in 2009 show that Janet Yellen, then the head of the San Francisco Fed, was prescient in warning colleagues of these very problems.

from MacroScope:

Turkish interest rate standoff

By Mike Peacock
March 3, 2015

Turkey's President Tayyip Erdogan gestures during a conference at the Foreign Affairs building  in Mexico City

Turkey’s central bank releases minutes of its last meeting at which it cut interest rates by a quarter point.

from MacroScope:

Negative inflation to herald QE launch

By Mike Peacock
March 2, 2015

US dollars and euros banknotes are seen in this illustration photo taken at a change bureau in Paris

The European Central Bank is about to start printing money. Euro zone data today will show why.