USA is importing global deflation which is a more important factor than the ones mentioned.

Here's Why the Fed Won't Raise Rates Anytime Soon

Have great respect for El-Erian but lack of fiscal reform is US reality which FED lives with each day. And some other central banks too of course. NIRP is not an experiment but an outcome of market economics and political decisions which impact on ...

Negative rates—a mistake to start—cause 'collateral damage': Allianz's El-Erian

Its just a tool.

Why GDP?

Bears need more bad news - i.e worse than expected. Getting too stretched due to fear and uncertainty not hard evidence. Some domestic oreinted sectors weaker but export sectors booming. FTSE pushing record high so someone's wrong.

Why selling GBP is not one way trade

Its a world with a few big players and China needs to be encouraged to stimulate its economy more including lower Chines currency. In that way global demand would be boosted much more quickly via Chinese consumaption then Western exports to China. ...

Williams: Monetary Policy in a Low R-star World

The world needs a weaker CNY to encourage faster Chinese and therefore global growth, and help the internal adjustment to consumer demand growth. The West has been unable to achieve let alone sustain economic recovery momentum (include EUR, GBP, ...

CNY Weakness Against USD To Persist: Deutsche Bank

Spin it how you like China has succeeded in taking an undeveloped, suppressed society of over 1 billion people to a position today where market economics momentum is probably larger than in Japan, even USA and definitely Europe. Its not perfect. Is ...

Yuan free float seen a decade away as China keeps strict control

GBP weakness now overdone so can expect marginal positive surprises for remainder of this year. Big plus for UK exporters who were already competitive. Markets pricing in uncertainty and fear so need to take stock calmly of the potential of UK and ...

GBP Resumes Core Bear Trend: Levels & Targets - Credit Suisse

This is a very familiar situation for NZ central bank because the savings rate is negative and the population is genetically engineered to buy houses. The outcome is that NZ is a forex junkie with fits of above trend domestic demand (rising ...

RBNZ the Latest Casualty of Global Easing

Upbeat? Same as early last year.

3 Numbers: US jobless claims set to confirm stronger labour market

Jawbone of an ass. This is a very familiar situation for NZ central bank because the savings rate is negative and the population is genetically engineered to buy houses. The outcome is that NZ is a forex junkie with fits of above trend domestic ...

Is that all you’ve got, Graeme?

NZD now being viewed by markets as a safe haven relative to most other currencies. In turn a stronger NZD translates to tighter money unless there is a counteracting policy move on the cash rate downwards. Another alternative is NZD intervention but ...

NZD Into RBNZ: Is There A Case For A 50bp Rate Cut? - BofA Merrill

Monetary conditions are already very accommodative in UK - back to GFC levels. So the BoE does not have to do anything dramatic at all but maintain the speak at an easing bias requirement with more easing to come if the economic data support such a ...

BoE Preview: Bank of England Shock Tactics Needed to Weaken Sterling

In a deflationary world (negative inflation) the CPI adjusted short interest rate may be quite high depending on the expected deflation rate. So its not exactly the same idea as pushing on a string. The deflation rate has continued to surprise on ...

RBA boosts rate speculation if not economy

Monetary conditions have of course eased already very considerably through the market mechanism of the exchange rate. Export oriented producers with low import intensity will be making a massive boost in profitability. Monetary conditions overall in ...

BoE Preview: Better Cool Than Too Hot

I doubt that RBA is in a hurry to cut again. Overall monetary conditions are already very accommodative for this stage of the cycle. The broad exchange rate is still supporting the economy during the adjustment period since the terms of trade tooks ...

RBA: To Cut, or Not to Cut, That is the Question

Without serious microeconomic (market) reforms Japan will be heating up the same old pot. China has more market reform momentum than Japan.

Japan set to give details of huge stimulus package

FED will not raise FFR while global picture looks so fragile at the margin.

3 Numbers: US manufacturing to hold onto 17-month high

The endgame for the CHF is not going to be determined by SNB policies. World is very dangerous so people want to be in CHF until its really safe to go back into the water - CHF TWI still near post GFC highs. EUR area cannot survive so people want ...

SNB's Jordan says current policy approach is the right one

Size does not matter.

Japan's Aso says they have yet to decide on size of economic stimulus package