Welcome to “The Cyborg Analyst” by Prattle. This report provides weekly, quantitative insights on G-10 currency central banks.
The Most Important Central Bank Releases This Week
Although the Fed, ECB, BOJ, BOE and RBA are all active this week, none are likely to significantly move markets. A pair of surveys from both the BOJ and the BOE promise to signal underlying weakness in each economy, but, barring a shock, the surveys are unlikely to cause either bank to deviate from their wait and see policy stances. Sabine Lautenschlager, this week’s only active ECB speaker, is similarly unlikely to move the needle much, though her speech could nudge ECB sentiment slightly more dovish. The four Fed policymakers slated to speak are likely to sound similarly neutral or slightly dovish, as they too find themselves in wait and see mode. Perhaps the G10 currency central bank communication with the greatest chance of moving markets this week is the RBA’s release of the minutes from its April policy meeting. These minutes could signal whether RBA policymakers are open to cutting rates in the near future or if they view that course of action as a more remote possibility.
This is an abbreviated version of the Cyborg Analyst. The full weekly report contains detailed analysis based on Prattle’s Central Bank Analytics.