Just try to ignore it.
Category: euro
‘Dangerous’, ‘Excessive’, ‘Aggressive’: Donald Trump Starts Global Currency War
Throw out the script.
The ECB Needs You To Know They Are A Flexible Body Capable Of Servicing Your Needs In Creative Ways
“…communication had to strike a careful balance between anticipating a termination of net asset purchases by the end of December 2018 and highlighting the continued commitment to providing sufficient monetary stimulus for as long as necessary.”
As The World Turns: Full Week Ahead Preview
Or “burns” – whichever.
2021: A NIRP Odyssey (Or, ‘Panic’)
To infinity and beyond.
Beware Fallen Angels: One Bank Ponders The Fate Of The European Junk Market
“… it fills us with a lot of fear [and] not just because many central banks would be relatively constrained in their ability to cut rates after their big post-GFC easing.”
Operation Twist – With European Characteristics
If you’re in EGB steepeners, this probably isn’t great news.
European Assets Get Fleeting Reprieve From Migration ‘Deal’ In Purported Boon To Italy’s Populists
“Mobilizing” to find a “solution”.
Reciprocity: Full Week Ahead Preview
Trade, immigration and “covfefe” – what else is there?
Moment Of (No) Clarity.
Aaaand that’s the week.
The Hateful Eight.
Lucky number 8.
‘It Doesn’t Take A Genius To See What’s Coming’: Amid Daimler News, Albert Edwards Warns On Auto Tariffs
“Trump has previously expressed his disdain at German luxury brands, particularly Mercedes, and its prominence on New York’s Fifth Avenue. Autocar has reported that Trump has said he would tax Mercedes models off Fifth Avenue!”
Daimler Is Trying To Tell You Something. Are You Listening?
If you’re looking for concrete signs that the threat of an escalating global trade conflict is starting to weigh on the outlook, here’s one.
Of Euros And Oil
Some notable headlines on a day when markets have seemingly stabilized.
Meet Me In Sintra And Mind The Oil Slick: Full Week Ahead Preview
Ironies, cartels and trade wars.
After All That Hype.
Aaand that’s the week.
‘Draghi Delivers His Classic’: One Bank’s Take On The ECB And How To Trade It
Dovish rabbit out of a hawkish hat.
When Doves Try.
This is what it sounds like.
Draghi Sticks Impossible Dismount, Puts Dovish Spin On QE Expiration Date While Simultaneously Adopting Date-Based Rates Guidance
Well, say what you will about the relative merits of Jerome Powell’s “plain English” approach to press conferences, but Mario Draghi just delivered a clinic in how to do this “right.”
ECB Announces September Taper, Will End QE In December, Rates To Remain On Hold Until Summer 2019
And there it is, folks. At least you’ll get €15 billion/month through December and a commitment to keep rates on hold through next June.
‘Plain English’.
Do you speak it?!
No Resolution.
Aaand that’s the week.
Back To 2011? Not Exactly.
Don’t panic.
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