Post Tagged with: "Mervyn King"
GBP/USD Crashes as Extra 75 billion of QE Announced
GBP/USD is now plunging as the British Monetary Policy Committee decided to embark on more QE – Big time. An addition of 75 billion pounds to a total of 275 billion is at the high end of expectations, and at a low end for the pound. The interest rate remained at 0.50%, as expected. GBP/USD
Forex Daily Outlook – August 10 2011
BOE Inflation Report in the UK and Crude Oil Inventories in the US are the main events today. Here is an outlook on the market-movers awaiting us In the US, Federal Budget Balance, monthly measurement to value the federal government’s salary and expenses, further reduce from -43.1B on July month to -140.3B this month. More
Forex Daily Outlook – June 24 2011
Durable Goods Orders in the USA and Mervyn King; speech in London are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Durable Goods Orders measures the manufacturers’ orders price of durable goods, a droop to -3.6% was noted on May and this time it should gain
Forex Daily Outlook – June 15 2011
CPI in the US and Manufacturing Sales in Canada are the main events today. Here is an outlook on the market-movers awaiting us In the US, Consumer Price Index (CPI) measuring the price of living, shows the difference between basket of goods and services with volatile components, reduced to 0.4% on May and further reduce
Fed Catches Up with ECB – More Dollar Gains Expected
What will happen with the dollar after QE2 ends? Will interest rates continue to be of very high importance to the Euro? Where is the Aussie headed? Answers to these questions and more in an interview with David Song of DailyFX. David Song studied macroeconomic policies under a visiting scholar at the Federal Reserve Bank
Forex Daily Outlook – May 11 2011
MBA Mortgage Applications in the US and International Merchandise Trade in Canada are the main events today. Here is an outlook on the market-movers awaiting us In the US, MBA Mortgage Applications, weekly index measures home loan demand a leading indicator of home sales. 4% is expected similar to the previous month
Forex Daily Outlook – May 6 2011
U.S. Non-Farm Employment Change, Unemployment rate and Canadian Employment data are the highlight of this day .Here is a review of the coming events. In the US, Non- farm payrolls, Monthly report that measures the number employees of all non-agricultural industries added 216,000 new jobs in March and is expected to decrease to 196,
Asia’s issue with inflation borne out by India’s rate hike
King rules out rate rises in the UK Wellink open-minded about extending Greek debt maturities Eurozone PMIs give euro a modest lift Silver slips the most US ISM data softens but prices remain firm In a surprise move, India’s central bank lifted the repurchase rate by a greater-than-expected 50bp overnight to 7.25% in response
GBP/USD Loses Ground As Rate Hike Pushed Back
Yet again, 6 out of 9 MPC members voted to leave the rates unchanged. With no new member voting for a hike, and a mention that the market expects a hike only in the middle of the year, the moves seems to be getting further away. GBP/USD reacts with a significant drop. Andrew Sentance, Martin
Market Trends Favor Australian Dollar gains, Japanese Yen losses
Will the Euro sell off if the rate hike is only 25 basis points? Why is the Aussie unstoppable? Is the big intervention in the yen succeeding, and what does it depend on? Answers to these questions and more are provided by quantitative analyst David Rodriguez. David Rodriguez is a quantitative analyst for DailyFX.com, specializing