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Carney King of Governors, Small in Japan – MM #113

This episode ranges from the BOE to BOJ: while both acted, market reactions were very different. Are central banks asked to do too much? We conclude with a summer preview.

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  1. Carney copying Draghi: The Bank of England introduced an overwhelming post-Brexit stimulus package  and certainly beat expectations. We  explain the measures, what this means and what awaits us on the road ahead. The door is open for more action, but it is unclear if they will walk the walk. There is a missing component in the program, at least at the moment.
  2. Small in Japan: The BOJ and the Japanese government did not meet the ever-hungry markets. Is the treatment too harsh or can they do a lot more? We dive into the actions of  those on the forefront of monetary policy. And what happened to the third arrow?
  3. Fiscal stimulus elsewhere?:  In addition to Japan, which government can provide fiscal stimulus? We cover Germany, Spain, and the US.
  4. Preview: Finally a more relaxed week, but the focus on the US consumer and some key Chinese data will keep things busy.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.