Tag Archives: FOMC
FOMC minutes: Broad support for tapering timeline
Compared to the June meeting, participants were somewhat less confident about the near-term pick up in economic growth.
US Morning Update
Major Overnight Headlines • INR touches another record low versus the USD in London trading; tone remains mildly “risk-off”
Daily FX Wrap and Strategy
The NZD has spent most of the offshore session licking its wounds following the beating it took at the hands of the RBNZ yesterday.
The Global Macro Pulse
NZD dropped from a high above 0.810 before stabilizing at 0.807 on news of Wellington quakes. AUD continued to strengthen to 0.917, pulling AUDNZD higher to 1.135.
FX Daily Strategist: Europe
TIC shows no big foreign bid for US equities through Q2 Contrary to anecdotal reports which supported the dollar in June, the data continued to show no evidence of substantial asset allocation in favour of US equity markets—if fact,
Risks & Drivers – International Economics Monthly
Our global economic growth forecast for 2013 is unchanged at a below average rate of 2.9%.
What does a post QE world look like?
Chairman Bernanke has always indicated that the end of QE would be a gradual affair rather than a big bang shock.
Non‑farm payrolls to round off a bumper week
All eyes turn to the US labour market report to round off the week. Consensus expectations are for a decent 185k jobs gain. But this would be below readings for the past 3 months.
FX Daily
Market movers today • ECB will announce the weekly repayment of the 3Y LTRO, which is likely to attract attention as excess liquidity continues to fall towards the EUR200bn mark.
FX Daily Strategist: Europe
Another ECB pivot could support EUR, for now The improvement in European economic data has been consistent with the European Central Bank’s forecast for a gradual growth pick-up;
FOMC Review – As if June Never Happened
The Federal Open Market Committee today refrained from reaffirming the policy expectation of tapering that it instructed Chairman Bernanke to reveal after its June 19 meeting.
Daily FX Wrap and Strategy
After dribbling lower for much of this week, this morning’s FOMC Statement has thrown the NZD/USD something of a lifeline.