“Shock and awe” is how some economists described the Bank of England’s decision to bulk up its ?200bn quantitative easing (QE) programme by ?75bn on Thursday. And, certainly, the move shocked and awed the markets. Read More Shock and awe may be QEs biggest asset
Posted in FX News | Tagged and, asset, awe, be, biggest, may, qes, shock |
The Bank of Japan is expected to announce overnight call rates at its next policy meeting scheduled for October 7. The BOJ is expected to hold rates near zero. Japan is struggling to recover after a devastating earthquake destroyed infrastructure 28 Vote(s) Read More Trading the BOJ Interest Rate Decision
Posted in FX News | Tagged boj, decision, interest, rate, the, trading |
Who was it who said that QE – printing money by another name – is the last resort of desperate governments, when all other options have failed? Read More Bank of England hits the panic button
Posted in FX News | Tagged bank, button, england, hits, of, panic, the |
By Nicole Hong, MarketWatch SAN FRANCISCO (MarketWatch) The Canadian dollar has dropped as much as 13% against the US dollar since July, sinking to its lowest level in more than a year, as currencies highly correlated with commodities reel under … 25 Vote(s) Read More Canadian dollars drop may outpace Aussie, krone
Posted in FX News | Tagged aussie, canadian, dollars, drop, krone, may, outpace |
Inflation, not deflation, is the problem for the UK – and the Bank will make it worse, says Andrew Lilico. Read More Quantitative easing by the Bank of England printing more money wont work this time
Posted in FX News | Tagged bank, by, easing, england, money, more, of, printing, quantitative, the, this, time, wont, work |
The Bank of England may have to inject as much as ?500bn into the economy to rescue Britain’s faltering recovery, economists warned after the central bank shocked markets by restarting its money printing programme. Read More Bank of Englands QE2 may reach ?500bn, economists warn
Posted in FX News | Tagged 500bn, bank, economists, englands, may, of, qe2, reach, warn |
USD/CAD was trading at 1.0390, down 0.15% at time of writing. The pair was likely to find support at 1.0371, today’s low, and resistance at 1.0657, Tuesday’s high. Earlier in the day, official data showed that US Initial Jobless Claims rose … 33 Vote(s) Read More USD CAD down in US trade
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The Bank of England began pumping cash into the economy in March 2009. The policy was aimed at unfreezing markets and ending a severe bear run. Read More We know were in trouble, Sir Mervyn, now we need government action
Posted in FX News | Tagged action, government, in, know, mervyn, need, now, sir, trouble, we, were |
Intensified downside risks to growth were noted and a rate cut was debated but inflation risks were deemed balanced, leaving the door open to a cut at some point. The BOE announced its second round of quantitative easing earlier and larger (GBP75bn) … 33 Vote(s) Read More Morning FX thoughts 07 Oct 11
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USDJPY: Although USDJPY continues to consolidation, it remains vulnerable to the downside while it holds below the 77.85 level. 42 Vote(s) Read More Technical Focus USDJPY
Posted in FX News | Tagged focus, Technical, usdjpy |
