Post Tagged with: "MPC"
Robust US Recovery to Keep Fed Doves Low
The composition of the Federal Reserve has undoubtedly changed in favor of the doves. However, the strong recovery in the US, and the already loose monetary policy will likely remain unchanged. David Song of DailyFX discusses the Fed, China’s landing, Spain’s edge over Italy, Britain’s safe haven status and one currency which still has a
The US economy is in no state to support the global community
While recent indicators have been positive, the recent crisis in Europe is too strong for the world’s No. 1 economy. In the euro-zone, a rate cut seems likely, at least for easing the pressure for quantitative easing. John Kicklighter of DailyFX discusses the crisis, the US economy, the status of safe haven currencies and more
Fed move meets with disappointment
Last night, the US Fed decided to launch the much talked about ‘operation twist’, designed to push down longer-term interest rates by selling their short-dated holdings (less than 3 years) and investing in longer-dates bonds (6 to 30 years). Compared to what was expected, the market moved on from this around three weeks ago as
A potential life-raft for Greece
As the single currency was preparing itself for another EU summit of disappointment, it seems that a rabbit may yet be pulled out of a hat. Few details are available on what was hammered out between France and Germany yesterday, but we should find out more today. Germany has said no further bail-out of Greece
China shows more signs of slowdown
It seems to be catching. Definitive signs of weaker growth in the US and a loss of growth momentum in Europe now seems to be extending across to China as well. In the first five months of 2011, new lending fell by 12% compared with the corresponding period of last year, and by 40% vis-a-vis
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
GBP/USD Slips After Rate Decision
The British MPC made no surprises and left the Official Bank Rate unchanged at the historic low of 0.50%. GBP/USD is marginally slipping lower within the high range. There was a wide consensus that Mervyn King and his colleagues at the Bank of England would vote to leave the interest rate unchanged. The situation in
G7 has all to play for
Last night’s decision by the G7 to intervene to prevent the Japanese yen from strengthening is both intelligent and necessary. At a time when the major advanced economies are still concerned about the sustainability and durability of their recoveries (with the exception of Germany), Japan’s tragic misfortunes will undoubtedly hobble the economy for some time
Sterling’s rate sensitivity
So should the Bank of England be thinking about raising rates? This is the question that is going to be preoccupying sterling today and tomorrow as the Bank of England meets to discuss interest rates. Guest post by FxPro Statistically, the risks are certainly higher this month. During the MPC’s history, exactly half of rate changes have
GBP/USD Bounces Off Support Line on Meeting Minutes
The meeting minutes from the last meeting of the BoE showed that there’s still one member voting for a rate hike. This helped GBP/USD bounce off the support line, after it got very close to it. Update on the Pound. Andrew Sentance continues to vote for a rate hike. He’s still the only member out