Post Tagged with: "Federal Reserve"
EUR/USD Leaps on Spanish Steps, Fed Rumors
After being pressed down earlier in the day, EUR/USD jumped to around 1.44 on fresh Spanish steps to curb debt, and rumors that the Fed will have an emergency meeting to announce new steps. QE3? The rumors don’t seem to be based at the moment. The Spanish government decided on new cuts in spending. The
Is the Fed Warming Up the Undo Button?
The Federal Reserve in New York released a statement about a “small scale” exercise that represents no change in monetary policy according to the Fed. This exercise tests draining money out of the markets – the exact opposite of QE. This sign provides more evidence that QE3 is unlikely to be announced in Jackson Hole. Will the dollar
FOMC Expresses Concern – Rates Low up to Mid 2013 – USD/CHF Plunges
Ben Bernanke and his colleagues released a statement expressing concern about the slow pace of the faltering economic recovery, stating that rates sill likely remain at low levels up to mid 2013 Three members dissented from this policy change and a preferred the previous, more hawkish tone. No hints about QE3 were seen in the
EUR/USD Aug 9 – Ranging Choppily Before Bernanke
Euro dollar is trading very choppily in range after the effect of Trichet’s bond buying faded away and the S&P downgrade of the US continues to rock markets. All eyes are now on Ben Bernanke: will he release hints about QE3? Here’s a quick update on technicals, fundamentals and what’s going on in the markets.
Bernanke Dovish on End of QE2 – Dollar Loses More Ground
Ben Bernanke said that when QE2 ends, the Federal Reserve will continue reinvesting maturing assets. Stopping to reinvest and letting the balance sheet shrink, is a separate decision that will be taken sometimes in the future. This is rather bearish. Dollar is losing ground on this QE2 Lite decision. The Chairman of the Federal Reserve
A new insight into Fed thinking
Two year high for Aussie inflation German GfK consumer confidence nudges lower. UK GDP struggling to recover. Japan credit outlook cut to negative by S&P. More trouble for the dollar Greek debt restructuring looking unavoidable Today the Chairman of the US Federal Reserve will undertake his first post-meeting press conference after the two-day Fed
The euro stands its ground
The euro was one of the best performers during the European session on Thursday, despite the looming election in Portugal, the assumed EU bailout and the prospect of a delay to agreement on reform of the EFSF. There were three over-arching reasons for the single currency’s vigour. The first was the weakness of both the
5 Arguments for the Dollar, and 5 Against It
The roller coaster week ended badly for the US dollar, as the US Dollar Index closed at the lowest levels since December 2009, just under the previous low. Will it bounce back up from here, or is it a fast roll downhill from here? 5 arguments for the dollar, and 5 against it. Background The
Dollar Outlook For 2011
Guest post by NewstraderFX With the Federal Reserve still committed to adding liquidity by purchasing another $800 billion of Treasuries through June, and an economy which is likely to grow between 3% and 4%, we can still look for the dollar to weaken against currencies like the euro, pound and Australian dollar as stocks continue to
5 Scenarios for QE2 Decision
Tension is mounting towards the FOMC decision about QE2 – the dollar printing program that rocked the markets for a long time. Here are 5 scenarios for the big decision by Bernanke, and the expected impact on the dollar