Tag Archives: FOMC
FX Daily Strategist: US
UK data losing its shine – GBP vulnerable to further downside UK industrial and manufacturing production data disappointed expectations this morning by falling 1.1% and 1.2% m/mrespectively.
Optimal control and rates expectations
As September’s FOMC minutes are released today it is worth considering how rates expectations have evolved since June.
FX Daily Strategist: Europe
Yellen nomination and FOMC minutes provide some distraction from fiscal drama The financial press overnight announced that President Obama will today nominate Vice Chairman Yellen to replace Bernanke in the New Year.
FX Daily Strategist: Europe
Stay short EURUSD through IFO strength The German IFO survey is likely to show further improvement today, with our economists projecting a further increase to 15-month highs of 108.1.
FX Comment: mouths wide shut
Well, at least Fed is transparent in that they have NO. CLUE. Is “improvement of communication policy” about the quantity of words?.
FX Daily Strategist: US
German Elections: No Negative EUR Catalyst this weekend, but we remain bearish heading into Q4 Focus in Europe turns to politics as we approach German elections this coming Sunday.
Daily FX Wrap and Strategy
The NZD traded sideways ahead of the US FOMC announcement early this morning. It then gapped from 0.8240 to above 0.8300. It now sits around 0.8350.
FOMC: Delaying tapering
The FOMC does not usually take the market by surprise but it did today. Contrary to our and the consensus expectations, the Fed maintains bond purchases at USD85bn.
Daily FX Update
TAPERING, THRESHOLDS, FORECASTS & TONE * USD is mixed as markets await the Fed announcement.
US Morning Update
Major Overnight Headlines • BoE MPC unanimous in keeping policy on hold in Sept., says spare capacity may be starting to “fade”
The Global Macro Pulse
Overnight Price Action The Nikkei has rallied 2.1% and S&P futures are up slightly, but most other Asian equity markets are down slightly.
The limitations of a fallible Fed
How a fallible Fed’s limitations will be exposed Before anyone reads too much into the Fed’s actions today,