To be sure, whatever you thought was going to dominate the news flow in the week ahead is probably going to take a backseat to North Korea, for obvious reasons.Â
But North Korea isn’t the only thing on traders’ minds this week. Not by a long shot.
To be sure, whatever you thought was going to dominate the news flow in the week ahead is probably going to take a backseat to North Korea, for obvious reasons.Â
But North Korea isn’t the only thing on traders’ minds this week. Not by a long shot.
“Well, that’s nothing to be proud of, Rusty…. 50 yaaaards.”
“Therefore, I wouldn’t over-interpret or dramatize.”
Right, so the storm wasn’t supposed to come until next month.
For years, DM central banks have been forced to kind of suspend disbelief with regard
“The exchange rate has become a bigger issue,†one of the sources told Reuters. “It is now less favorable for an exit and a stronger argument for a muddle-through option.â€
“I am fully committed to working with XIV to get. This. Job. Done.”
When jawboning just ain’t gonna cut it.
The crowds are huge for the end of the world…
Importantly, the euro’s haven status is getting cemented here.
Although I can’t imagine why…
“But there was a far smarter reason why Jackson Hole reverted back to an academic exercise and post-GFC policy retrospective.”
Ok, so the overarching narrative for this week shouldn’t be materially different from last week
Your refund will be escaping this death trap with your life…
Just biding time…
“Closely examining the application of our tools”
And just like that, all of the good news trial balloons we got from McConnell on Monday (debt ceiling guarantee) and from Politico on Tuesday (tax reform moving ahead) were rendered null and void…
Score one for the crowd who thinks that Mario Draghi is going to have a difficult time keeping a lid on euro strength.Â
“It wasn’t even like it was close”…
There’s a lot of commentary floating around out there this morning about the euro ahead
Ok, so strap in, because this promises to be an interesting week. August has proven
But not like Beldar.
Ok, so it’s worth taking a look at European equities now that we’ve got the ECB minutes and the attendant commentary about the dangers of a possible FX overshoot.
“The appreciation of the euro to date could be seen in part as reflecting changes in relative fundamentals in the euro area vis-a-vis the rest of the world†but “concerns were expressed about the risk of the exchange rate overshooting in the future.”
Tick, tock.
DRAGHI IS SAID TO NOT DELIVER FRESH POLICY AT JACKSON HOLE:RTRS
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