Post Tagged with: "FOMC Statement"
USD/CAD at Highest in 2011 Following Bernanke
The Canadian dollar made a big retreat against the US dollar after the Federal Reserve didn’t deliver extreme monetary stimulus. The market was looking for more than Operation Twist in order to boost “commodity currencies” such as the loonie. When will it go from here? Update. USD/CAD is now trading at around 1.0120. It already
EUR/USD Sep. 22 – Trying to Stabilize After Bernanke’s Blow
Euro dollar is settling in low ground after the big blow it got from the action and especially the inaction by the FOMC. Today’s busy calendar could open the door for more falls. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Falls were slightly extended, and
Bernanke Announces $400 Billion Twist – Dollar Rises
The Federal Reserve announced Operation Twist at a scale of $400 billion by the end of June 2012. This means no additional dollar printing – no QE3. They also fell short from announcing more measures such as lower rates on excessive rates. The initial reaction is a stronger dollar. EUR/USD is down but slightly rebounds.
GBP/JPY At All-Time Low – Bernanke Slays the “Dragon”
The dragon surrenders and loses its firepower. GBP/JPY is now at 118.53, under the previous all time low of 118.90 set back in January 2009. Ben Bernanke slayed the “dragon”, which was already weakened by his counterparts in London. From here, there is a lot of room to fall in uncharted territory. The main reason
AUD/USD Nears Parity After Bernanke’s Blow
The Australian dollar is a clear victim of the action and the inaction by the Federal Reserve. AUD/USD already lost already 200 pips and is getting close to parity. The Aussie managed to pierce through parity when QE2 was announced back in November. What goes around comes around. Big time. The Australian dollar is a
EUR/USD Sep. 21 – Tight in Range Before Bernanke
Euro dollar is trading in a narrowing range as tension mounts towards the FOMC meeting. The Fed is expected to “do something” or more than one thing to help the economy. In Europe, there is more hope for Greece, as talks with the troika are moving forward. The market’s direction will be clearer soon. Here’s a
Forex Daily Outlook – September 21 2011
US Existing Home Sales and FOMC Statement are the major market-movers. Here is an outlook on the important events lined up for us todat. In the US, Federal Open Market Committee (FOMC) Statement, key tool used by the FOMC that affects the investors regarding the monetary policy & the financial outlook. And the Federal Funds
Forex Weekly Outlook – September 19-23
Europe continues struggling and a Greek default seems very close. The crisis will likely step aside at least for a short while, as the focus turns to the Fed. Euro-Zone German ZEW Economic Sentiment, US housing data and the highly anticipated FOMC Statement are the top of our list this week. Here is an outlook on the
Forex Daily Outlook – August 9 2011
FOMC Statement in the US and Manufacturing Production in the UK are the main events lined up. Let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC) Statement, the main FOMC key tool regarding monetary policy. It forecast the interest rates and other policy measures. Later in the US, Federal Funds
Forex Weekly Outlook –August 8-12
After one of the most volatile weeks in many months, the markets will start the week with the historic downgrade of the US by S&P. This happened over the weekend. Bernanke will have a chance to react at the FOMC meeting. In addition, we have the Federal Budget Balance and retail sales in the US,