20 Mar 2015
Key events ahead: EU summit concludes, Fed members speech – Danske
FXStreet (Barcelona) - Senior Analyst, Morten Helt at Danske Bank, comments on the key events for the day – The concluding of the two-day EU leader summit and their stance on Greece, and the Fed member Lockhart and Evans speech.
Key Quotes
“The two-day EU-leader summit in Brussels will conclude today before noon. Greece is not formally on the agenda but Greek Prime Minister Alexis Tsipras is expected to hold separate meetings with ECB president Mario Draghi, German Chancellor Angela Merkel and the European Commission and Council in connection with the summit.”
“According to press reports the ECB on Wednesday discussed possibly banning further purchases of Greek T-bills by Greek banks.”
“The EU sanctions on Russia are also up for review but the EU-leaders will most likely keep economic sanctions on Russia in place until the Ukraine ceasefire deal is fully working.”
“After the financial markets’ dovish interpretation of the FOMC statement and projections on Wednesday it will be interesting to hear to what degree the individual FOMC-members have changed their views.”
“Today there are two interesting speeches from FOMC-members in the calendar. The speech by Atlanta Fed president Dennis Lockhart (voter, dove) is the most interesting as he could be a swing-voter. Lockhart has recently argued that an interest rate hike would be on the table from June onward but he needed more data to support a decision.”
“The speech by Chicago Fed president Charles Evans (voter, dove) will without doubt be very dovish. Evans recently argued that a rate hike should be delayed until 2016.”
Key Quotes
“The two-day EU-leader summit in Brussels will conclude today before noon. Greece is not formally on the agenda but Greek Prime Minister Alexis Tsipras is expected to hold separate meetings with ECB president Mario Draghi, German Chancellor Angela Merkel and the European Commission and Council in connection with the summit.”
“According to press reports the ECB on Wednesday discussed possibly banning further purchases of Greek T-bills by Greek banks.”
“The EU sanctions on Russia are also up for review but the EU-leaders will most likely keep economic sanctions on Russia in place until the Ukraine ceasefire deal is fully working.”
“After the financial markets’ dovish interpretation of the FOMC statement and projections on Wednesday it will be interesting to hear to what degree the individual FOMC-members have changed their views.”
“Today there are two interesting speeches from FOMC-members in the calendar. The speech by Atlanta Fed president Dennis Lockhart (voter, dove) is the most interesting as he could be a swing-voter. Lockhart has recently argued that an interest rate hike would be on the table from June onward but he needed more data to support a decision.”
“The speech by Chicago Fed president Charles Evans (voter, dove) will without doubt be very dovish. Evans recently argued that a rate hike should be delayed until 2016.”