Forex News
Germany: Capital spending is back
German GDP rose by 0.4% q/q in the fourth quarter of last year. The best thing about the details published today (see the press release here) was the (semi-) strong increase in spending on machinery and
Decline In Chinese Yuan Suggest Shift In PBOC Policy
The unusually sharp decline in the yuan in the recent days, which has caught many investors off guard, has given rise to speculation that a policy shift is taking place in the mainland.
G-20 Wants Stimulus To Stay As They Target Higher GDP Growth
The Group of 20 nations said monetary policy should remain accommodative for now in many advanced economies and pledged a coordinated push to boost growth by more than $2 trillion over the next five years.
USD Expected To Trade Lower This Week – Analysts
U.S. data this week—including durable goods orders and consumer confidence—will continue to reflect the impact of extreme weather, presenting a downside risk for the U.S. dollar,
ECB Ready To Pump In Stimulus If Needed
European Central Bank President Mario Draghi said policy makers are ready to add to stimulus if the outlook for prices deteriorates, though there are currently no signs of deflation in the euro area.
G-20 Agrees On Monetary Policies ‘Calibration,’ Eye On Growth
The first G-20 meeting under Australian leadership managed to agree more than skeptics thought possible – the idea that developed economies will calibrate their monetary policies and
ECB Draghi: ECB Ready, Willing to Act If Risks Gain Strength
The European Central Bank is prepared to take action to counter economic risks not only if these actually materialize but even if the threat level merely rises,
BOE Carney: Forward Guidance A Success On Any Criteria
Bank of England Governor Mark Carney says that the forward guidance which was introduced in August and is already close to expiring has been a success on any criteria.
Fed Bullard: Will Reconsider ’14 FFR Hike Forecast
St. Louis Federal Reserve Bank President James Bullard said Friday he was projecting a “late 2014” hike in the federal funds rate in December when he and
Fed Fisher: To Advocate $10B Taper Per FOMC Meeting
Dallas Federal Reserve Bank President Richard Fisher Friday said he urged Fed policymakers to continue dialing back its monthly bond purchases at the same pace as they have done at each of its last two policy meetings.
G20 Meeting to Focus on Global Growth
The market turmoil sparked by the Federal Reserve’s steps toward removing the U.S. economy from life support is expected to be a top agenda item when finance chiefs from the world’s biggest economies meet in Sydney this weekend.
Canadian Inflation Rises 1.5 Percent Year Over Year
Statistics Canada says the consumer price index for January rose 1.5 per cent compared with a year ago, driven higher by electricity and gasoline costs.