Blog Archives

  • Trump & trade: fire and fury all over again

    20 June 2018

    On trade tensions, we note five things. For starters, the complete absence of leaks in the Trump administration with regards to globalists worried over Trump’s increasingly hardline public stance on trade. There must be...

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  • Daily Macro Calendar (June 20, 2018)

    20 June 2018

    08:30 BOJ Kuroda speaks 09:30 ECB's Villeroy Speaks 10:00 ECB's Lautenschläger Speaks 10:00 ECB's Nowotny Speaks 11:30 Portugal Sells Bills 11:45 ECB’s Knot Speaks 12:30 ECB's Coeure Speaks 14:30 US Current Account Balance 14:30 German Finance Minister Scholz Speaks 15:30 Draghi, Powell, Kuroda and...

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  • Daily Macro Calendar (June 19, 2018)

    19 June 2018

    10:00 Eurozone Current Account 10:00 Italy Current Account 10:00 ECB President Draghi speaks in Sintra, Portugal 10:00 Bank of Finland Publishes Forecast for Finnish Economy 10:30 Spain Sells Bills 10:30 ECB's Peter Praet Speaks 11:00 Eurozone Construction Output YoY 11:00 Malta Sells...

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  • Daily Macro Calendar (June 18, 2018)

    18 June 2018

    10:00 SNB Total Sight Deposits 10:00 Italy Trade Balance 11:00 Netherlands Sells Bills 14:45 Departing NY Fed Chief Dudley Speaks 14:50 France Sells Bills 15:45 ECB Weekly QE Bond Purchase Volumes 16:00 US NAHB Housing Market Index 17:30 US Sells Bills 19:00 Fed's...

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  • Daily Macro Calendar (June 15, 2018)

    15 June 2018

    09:00 Austria CPI 10:00 Italy Industrial Orders 10:00 ECB's Nowotny Presents Austrian Economic Outlook 10:30 Italy General Government Debt 10:45 ECB’s Coeure Speaks 11:00 Eurozone Trade Balance, CPI, Labour Costs YoY 12:30 Russia Central Bank Rate Announcement 14:00 Bank of Russia Governor...

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  • June ECB Meeting Preview: slow-mo tightening plans

    14 June 2018

    First the mundane stuff about today’s ECB meeting. We expect the ECB to announce today that QE will be ended gradually in the fourth quarter, despite rumors to the contrary. We’re agnostic on whether...

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  • June 2018 FOMC Post-Mortem: dealing with a Greenspan-esque economy

    14 June 2018

    Starting seemingly off-topic, Fed Chair Powell is turning into the antithesis of his predecessors Bernanke and Yellen. While Bernanke and Yellen were relatively clear on the Fed’s policy intensions, Powell is decidedly more vague. Notably,...

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  • Daily Macro Calendar (June 14, 2018)

    14 June 2018

    08:45 France CPI 09:00 Slovakia CPI 10:30 UK Retail Sales 11:00 Greece Unemployment Rate 13:45 ECB Monetary Policy Statement 14:30 ECB Press Conference With Draghi, De Guindos 14:30 US Retail Sales, Import Prices, Jobless Claims 16:00 US Business Inventories 17:00 Italy Sells...

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  • Daily Macro Calendar (June 13, 2018)

    13 June 2018

    09:00 Spain CPI 09:15 Switzerland Producer & Import Prices 09:30 Riksbank Business Survey 10:30 UK CPI 10:30 Denmark Sells Bills 11:00 Eurozone Industrial Production, Employment Q 14:30 US PPI 18:00 Altmaier Gives Speech to Steelmaker Lobby 20:00 Fed Announces Rates, Projections 20:30 Fed's Powell...

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  • Daily Macro Calendar (June 12, 2018)

    12 June 2018

    09:00 Spain CPI 09:15 Switzerl. Producer & Import Prices 09:30 Riksbank Business Survey 10:30 UK CPI 10:30 Denmark Sells Bills 11:00 Eurozone Industrial Production 11:00 Eurozone Employment 11:00 Italy Sells Bonds 11:30 Germany Sells  Bonds 14:30 US PPI 18:00 Altmaier Speaks 20:00 Fed Announces Rates, Projections 20:00...

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