18 January 2018 IMF and the Deutsche Bundesbank hold a joint conference on current macroeconomic and economy policy issues in Germany.

Weidmann giving the keynote introduction speech, don’t expect to much, general observations I would say . This afternoon there will be a panel discussion with Lagarde and Coeure  which could be interesting .

  • Increase in Germany’s trade surplus a consequence of ultra-loose ECB monetary policy
  • Indicators Of Labour Market Slack Would Suggest Higher Wage Settlements
  • Factors Responsible For Holding Back Wage Growth Are Partly International

In the meantime the currencies continue their yoyo moves , USD lost about 0.25% in the past half hour.Noticeable is every day around 7:30 am gmt we’re getting a move , probably some models been turned on. All in I remain USD negative but it’ll be accompanied with moves like last night of furious short covering sheep style “everybody through the sale gate on the way out” . Better get used to them.

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