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- Dudley Q&A:Don’t Take Exit Tool Testing As Mon Tighten Signal
- Dudley:Quite Muted Recov To Keep FFR Low For Extended Period-2
- Dudley: Quite Muted Recov To Keep FFR Low For Extended Period
- ForexLive US wrap-up: SNB comes out of hiding
- You can’t stop EUR/JPY, you can only hope to contain it…
- Schumer: Must persue CNY revaluation regardless of cooperation on other issues
- US Data: Treasury 10-year TIPS Note Auction History
- Three-legged stool performing strongly
- Fitch Revises Up US 2010,2011 GDP;Sees Fed 25bps Hike In Q4′10
- Is the market willing to fight the SNB?
- EUR/USD breaks 1.3570 as SNB buys EUR/CHF
- US ISM’s Ore: Slack Capacity To Make For Orderly Invntry Build
- We’ve found excessive!
- Don’t worry, the US is in the best of hands
- EUR/USD approaching key resistance
- $41 bln in Treasuries maturing April 15
- Global manufacturing PMI highest since 2004
- EUR/JPY breaks 127.00; stops, barriers tripped
- Reflation trade back in vogue
- Goldman cuts payrolls forecast
| Dudley Q&A:Don’t Take Exit Tool Testing As Mon Tighten Signal Posted: By Steven K. Beckner LEXINGTON, Va. (MNI) - The Federal Reserve's testing of reserve draining tools should not be taken as a signal of impending monetary tightening, New York Federal Reserve Bank President William Dudley said Thursday, as he reiterated that the federal funds rate is ... |
| Dudley:Quite Muted Recov To Keep FFR Low For Extended Period-2 Posted: By Steven K. Beckner "Households have suffered unusually large shocks to both income and wealth and many remain highly leveraged," he explained. "Although the household debt to net worth ratio has declined considerably from its peak, it is still around 26%, well above the already elevated ... |
| Dudley: Quite Muted Recov To Keep FFR Low For Extended Period Posted: By Steven K. Beckner LEXINGTON, Va. (MNI) - Explaining why the Federal Reserve expects the federal funds rate to stay near zero "for an extended period" Thursday night, New York Federal Reserve Bank President William Dudley said the economic recovery is apt to remain "quite muted" ... |
| ForexLive US wrap-up: SNB comes out of hiding Posted: Weekly jobless claims fall 6k to 439,000 ISM manufacturing index rises to 59.6, a 6-year high Swiss National Bank intervenes in EUR/CHF Oil breaks $85, ends at $85.12 US auto sales rise sharply in March Goldman Sachs trims non-farm payrolls forecast to 200,000 from 275,000 S&P 500 rises 0.7% to 1177, 18 month high A global pick ... |
| You can’t stop EUR/JPY, you can only hope to contain it… Posted: EUR/JPY continues its impressive rally this afternoon, grinding up to 127.50 late in the session. 128.38 is the next topside target. Medium-term, 130 is the measured-move objective of the head and shoulders pattern which was triggered by yesterday's move above 125.40. |
| Schumer: Must persue CNY revaluation regardless of cooperation on other issues Posted: Senator Schumer, the sponsor of the bill which sanctions China for not revaluing the CNY, says China must revalue regardless of Beijing's cooperation on other issues. There was talk earlier in the day that the US might let China slide on the currency issue if they were willing to back ... |
| US Data: Treasury 10-year TIPS Note Auction History Posted: Source: U.S. Treasury Department Averages calculated by Market News International Total Foreign Non- Bid/ ... |
| Three-legged stool performing strongly Posted: EUR/JPY, EUR/USD and USD/JPY are all consolidating above important levels in quiet afternoon trade. USD/JPY holds above the 93.77 level which had been the 2010 high until earlier today while EUR/JPY is getting cozy above the 127.00 level. EUR/USD is above the 1.3570 level; a close above that level will ... |
| Fitch Revises Up US 2010,2011 GDP;Sees Fed 25bps Hike In Q4′10 Posted: --Labor Markets Across Developed Countries Starting to Stabilize By Yali N'Diaye WASHINGTON (MNI) - Fitch Ratings is revising up its 2010 growth forecasts for major developed economies, with the largest revisions to U.S. and Japanese GDP, the credit ratings agency said Thursday in its latest Global Economic ... |
| Is the market willing to fight the SNB? Posted: My guess is no. Now that they have finally smoked SNB, my guess is that shorts in EUR/CHF will take the hint and head to the sidelines, if they have not already. Buy-the-dips will be the new battle cry, I'd imagine, especially with focus shifting away from Greece, at least ... |
| EUR/USD breaks 1.3570 as SNB buys EUR/CHF Posted: EUR/USD has rallied as high as 1.3589 as the SNB gooses EUR/CHF higher. Trendline resistance lies overhead at 1.3619. |
| US ISM’s Ore: Slack Capacity To Make For Orderly Invntry Build Posted: By Mark Pender NEW YORK (MNI) - Substantial slack in workforce hours and an abundance of idle equipment point to an orderly inventory build for the U.S. manufacturing sector, according to Norbert Ore, head of the Institute For Supply Management's manufacturing report. ... |
| Posted: 1.4144 is the SNB's definition of "excessive" CHF strength, it would appear. The cross is rocketing, now at 1.4328 after the bank stepped into to buy for the first time in weeks. Once again they wait for a thin pre-holiday market to maximize their bank for the buck... |
| Don’t worry, the US is in the best of hands Posted: Our elected leaders are rightly concerned about the risks of the island of Guam capsizing. After viewing that performance, I can understand today's dollar weakness... |
| EUR/USD approaching key resistance Posted: The reflation trade is so strong today, even the EUR is getting a boost. Chalk up a portion of the rally to squaring ahead of the very long weekend in Europe and part to the fundamentals. Markets are somewhat thin, making us more vulnerable to a further squeeze to the topside. ... |
| $41 bln in Treasuries maturing April 15 Posted: Traders often fret that when there are big maturities of Treasury notes, money will flow out of the US, and back to, say, Japan. This has rarely proven to be the case in the past, so don't fret too much . Pointy-headed currency strategists at the big banks often put out ... |
| Global manufacturing PMI highest since 2004 Posted: JP Morgan's global PMI rose to 56.7 in March from 55.4 in February, the highest since May 2004. As noted earlier, the reflation trade has been reignited by the data. |
| EUR/JPY breaks 127.00; stops, barriers tripped Posted: EUR/JPY has extended its gains as high as 127.20 as barriers at the 127.00 level and stops above that important resistance are triggered. Look for the market to maintain a buy-the-dips mentality in the JPY crosses for the near future. The EUR/JPY buying has helped boost EUR/USD. Resistance lies in the ... |
| Posted: Commodities are strong, stocks are at 18 month highs and the dollar and JPY are on the defensive. It looks as though the market is doing the reflation trade, betting the global economy is on the mend. Manufacturing data from around the globe today would tend to confirm that view. EUR/USD ... |
| Goldman cuts payrolls forecast Posted: Economists at Goldman Sachs have cut their forecast for non-farm payrolls to 200,000 from 275,000, for all you Goldman fans. |
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