RANSquawk

Complete Preview Of Theresa May's "Florence" Brexit Speech

Media speculation is mounting over the content of UK PM May’s Brexit Speech in Florence tomorrow. This is the first big Brexit-specific speech by the PM following the General Election. It is designed to outline the basis for negotiations at the fourth round of EU-UK negotiations in Brussels next week.

Full Preview Of Today's "Historic" FOMC Meeting

In what may be one of Janet Yellen's last, and certainly her most difficult in recent history meetings, tomorrow the FOMC will not hike rates but will announce the start of its balance sheet normalization programme, while revising its economic projections and hinting whether the December meeting is "live" for one more 2017 rate hike. Here's what else to look forward to...

World Stocks Hit Fresh Record High As Irma, Korea Rally Continues; Pounds Surges

World stocks hit new record highs on Tuesday amid a continuation of Monday's risk-on theme which unleashed a dramatic relief rally on easing North Korea tensions and signs that Hurricane Irma caused less damage than feared. The MSCI All-Country World Index gained 0.2%, hitting the highest on record with a fifth consecutive advance.

Key Events In The Coming Week: BOE, SNB, Inflation And Retail Sales

In a somewhat quieter week for economic news, this week's focus is on BoE and SNB policy meetings as well as on inflation releases in US, UK, China and others. Other releases of note include retail sales in the US, UK and China along with industrial production in US, Eurozone & China.

ECB Preview: A Trapped Mario Draghi Makes A Decision

After a barrage of media trial balloons (as recently as today) meant to temper the enthusiasm of Euro bulls now that the EURUSD is back to 1.20 and threatening European corporate profitability, Mario Draghi's Sintra hawkishness is a distant memory.

August Payrolls Preview: Prepare For Disappointment

If there is one common theme across sellside previews of tomorrow's nonfarm payrolls number, expected at 180K after a surprising jump to 209K in July, it is to brace for disappointment, or in Wall Street parlance, "downside risks."

Key Events In The Coming Vacation Week: All About Inflation

With the traditional post-payrolls market lull setting in, and most trading desks taking a week or two off, it will be a relatively quiet week with attention turning to inflation data with releases in the US, China, Norway & Switzerland, a key factor as central banks consider if/when to tighten in the near future.

July Payrolls Preview: Smooth Sailing But Watch Out For Cars

At 8:30am on Friday, the BLS is expected to announce that in July the US created 180K jobs, down from 222K in June though still in line with the 6-month average of 180K, with the biggest downside risk a slowdown in durable manufacturing payrolls as auto production slumped.

RBA Preview: Beware Of Doves, Leaks And Stop Hunts

FX traders will want to keep a close eye on sharp AUDUSD moves seconds before the announcement: on at least one occasion, most famously in April 2015, the RBA statement was leaked in advance, with the entire currency move taking place roughly 7 seconds before the official release.

Q2 GDP Preview

A quick preview of today's key economic release, the US Q2 GDP number due at 8:30am ET, courtesy of the analysts at FX Daily.

FOMC Preview: Just 2 Things To Watch For In Today's Fed Statement

With the market pricing in 0% chance of a July rate hike, and with no Yellen press conference to follow, there are just two things to watch for in today's FOMC statement: (1) any hints that Fed balance sheet reduction will be announced in September and (2) adjustments to the language discussing the recent disappointment in the rate of inflation (after 4 consecutive CPI misses).