Post Tagged with: "FOMC"
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
Words over actions from the US Fed
From one angle, it was a big change, pledging to keep rates low for two years, rather than the previous pledge which translated to around three months. But for markets, it was not a big leap, given that interest rate markets were not far off pricing steady rates for the coming two years anyway. The
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
5 Reasons Why QE3 Has Slim Chances – FOMC Preview
The Federal Reserve will likely leave interest rates unchanged once again. The focus will be on the statement, in any change of tone found there. Will the Fed hint about QE3? Here are 5 reasons why this is unlikely. FOMC Preview with 3 scenarios for the dollar. Ben Bernanke and his colleagues are discussing monetary
Ben Bernanke Plays Down QE3 – Dollar Stronger
The Big Ben met the press once again. He played down the chances of QE3, comparing the same period last year and saying that the situation improved. Euro dollar is weaker. USD/JPY is stronger. There were a few more interesting quotes. All the updates are here. Highlights: QE2 Lite kicked off – reinvestment of maturing
A Greek victory of sorts
The Greek government survived last night’s confidence vote, but there was virtually no sense of relief on the single currency. There are just too many huge hurdles to overcome, including agreeing the new austerity plan and putting it into law ahead of the mid-July deadline. In the meantime, the EU need to agree a new
QE2 Lite Kick-Off? FOMC Preview
The FOMC is unlikely to announce a third program of quantitative easing, but will probably kick off the buying of maturing assets. This QE2 Lite program will likely be received positively by the dollar, but this also heavily depends on the words and the tone of Bernanke in the press conference . FOMC Preview with
Orderly Restructuring? There’s No Such Thing
Any restructuring of Greek debt will be a default and therefore pure disorder. In the following interview, John Kicklighter of DailyFX discusses the situation in Europe, the chances of QE3, Oil/CAD correlation and more. JOHN KICKLIGHTER – Currency Strategist Office: San Francisco Bio: John Kicklighter is a currency strategist for FXCM in New York where
No Need to Worry About the US Debt Ceiling
Which countries are the key to the European debt crisis? How far off is a rate hike in the UK? Which yen pairs are interesting to trade? Answers to all these questions and more are provided by quantitative analyst David Rodriguez. David Rodriguez is a quantitative analyst for DailyFX.com, specializing in statistical studies in currency trading markets
With Which Currency Should You Trade the Fed?
The answer to the question above depends on the outcome of the event: In case of a dollar-bullish outcome, vulnerable currencies should be traded against – this will result in stronger moves. In case of a dollar bearish result, the stronger currencies would be a better bet. And what about an outcome that is in