Post Tagged with: "Ben Bernanke"
EUR/USD Jan. 27 – Bounces Off Channel Resistance as Euphoria Fades
Euro dollar couldn’t break above uptrend resistance and is now settling in range. The euphoria that followed Bernanke’s moves faded away. The situation around Greece remains tense – a deal on Private Sector Involvement is always close, but it isn’t sealed. Also the ECB’s role is still to be seen. Today we get the initial assessment
EUR/USD Jan. 26 – Extends Impressive Rally on PSI Deal Hope and Bernanke’s Boom
Euro dollar is rallying in an impressive manner, breaking another important resistance line. The rally that began with Bernanke’s extension of the zero-rate policy continues with new hope of getting a deal done around the Greek haircut. In addition, more signs of strength from Germany and a successful Italian bond auction also help the single currency. Another
Fed Extends Low Rate Commitment to Late 2014, NO QE3 – Dollar Falls
The Federal Reserve made one change in policy: extend the commitment for low rates until “late 2014″, or practically forever. The dollar is falling. In the statement, there are absolutely no signs of any upcoming round of quantitative easing. The regular wording regarding occasionally reviewing policy remain. There are many good signs in the US economy, such
EUR/USD Jan. 25 – Vulnerable Ahead of the Fed
Euro dollar is vulnerable ahead of a busy day. The US rate decision is highly anticipated, but may disappoint. More positive signs are seen from Germany today, while Greece and its bondholders are still in a standoff regarding the “voluntary” haircut – this hurts the euro. The ECB is also under pressure to undergo a haircut
QE or Not QE – Doves to Fly Low
Voices for a third round of Quantitative Easing have been heard since QE2 ended in June 2011. This process, in which the central banks prints money, had a critical impact on currencies: the dollar dropped during the QE2 period and rose after it expired. This was a choppy process but a very evident one. Buying
A weak commitment from the Fed
There was no great surprise last night with the Fed’s decision to start publishing forecasts for the policy rate. This will be included in the regular summary of economic projections from the board members, the next one due at the end of this month. The Fed has already made a commitment to keeping rates steady
EUR/USD Dec. 14 – No Time to Lick the Wounds
Euro dollar is holding above the round 1.30 line after the two-step downfall yesterday – a fall that started with no new money from Germany and continued with no new money from the US. The debt crisis will be felt today with a longer-term Italian auction, a vote of confidence in Finland and some fresh indicators.
Bernanke Brings No Changes – EUR/USD Dips to New Lows
The last FOMC Meeting of the year resulted in no changes to policy, as expected. The same growth expectations, worries about the global slowdown and pledge about rates remained, with minor changes in the wording. EUR/USD dipped to new lows under 1.3050 after the statement was released. It was waiting patiently for the event and
FOMC Preview: 3 Reasons for No Changes and 3 For Action
The FOMC will likely remain on the sidelines for a second meeting in a row. The balance between the different members remains unchanged and so do indicators. Any action by the Fed will indicate a very worrying situation among banks, probably on the other side of the Atlantic, but the chances are small. The only hope
Forex Daily Outlook November 7 2011
Manufacturing Production in the UK is the main event today. Here is an outlook on the market-movers awaiting us In the US, Crude Oil Inventories, weekly report to value the crude oil barrels in commercial company’s inventory, is about to by remain 3.9M similar to the last week. More in the US, Consumer Credit, expected