Forex News
FOMC Minutes: Soon To Change Forward Guidance On FFR
Federal Reserve officials came to the conclusion that they must “soon” change their “forward guidance” on the path of the federal funds rate at the the Jan. 18-19 meeting of the Federal Open Market Committee, minutes released Wednesday show.
Unusually Harsh Winter Weather Pulls Starts Lower
Housing starts dropped 16 percent to an 880,000-unit pace in January as unseasonably cold weather continued to constrain construction activity. Building permits fell for the third straight month.
PPI Final Demand Index Supports Tame Inflation Outlook
The revamped PPI showed prices for goods, services and construction for final demand rose 0.2 percent in January. Although short on history, the new final demand index indicates inflation remains low.
China Selling US Debt At Increased Pace
China, the largest foreign U.S. creditor, reduced holdings of U.S. Treasury debt in December by the most in two years as the Federal Reserve announced plans to slow asset purchases.
Swedish CPI lower than forecast
• Clearly weaker than expected. Seems to be a rather broad downturn. Food prices lower than we expected.
FI Eye-Opener: Renzi’s ambitious timetable unlikely to hold
German bond yields edged slightly higher yesterday, but trading volumes were expectedly very subdued due to the US holiday.
BOJ Keeps Policy
The Bank of Japan said on Tuesday that its board decided by a unanimous vote to leave the bank’s policy target unchanged, thus maintaining the pace of its large-scale financial asset purchases.
RBA Board Minutes – February 2014
The February Board minutes contained few surprises given the release of the quarterly Statement on Monetary Policy(SMP) at the beginning of February.
FX Traders “Dying Breed” As Electronic Trading Gaining Popularity
A widening probe of the foreign-exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders.
More Defaults Coming From China’s Shadow Banking System
China has just settled a high-profile failure of one shadow-banking product and already another has emerged, with analysts expecting a wave of potential defaults ahead.
Market Looking Out For Outlook Hints From Fed’s Minutes
The Federal Reserve is set to release the minutes from its January FOMC meeting on Wednesday, and market participants are sure to closely sift through them for any clues about the future of quantitative easing.
Japan: weak GDP reality checks Abenomics
The very disappointing GDP figure today provides a reality check for Abenomics. Net ex-ports are the factor to be blamed. The picture for the coming few quarters is quite gloomy as trade balance will remain under pressure and