November 3, 2014
We had some German data out this morning which was German Manufacturing PMI (Oct)- out at 51.4 after an expected 51.8, same as the previous number. It was expected there would be no change but the number came out slightly poorer.
October 31, 2014
USDRUB plunged from around 42.13 to 40.67 in a kneejerk move on the decision but has bounced back to the pre-hike level, possibly prompted by some dovish sounding headlines: – BANK OF RUSSIA READY TO START EASING IF CPI SLOWS – BANK OF RUSSIA READY TO EASE IF EXTERNAL CONDITIONS IMPROVE Now trading at 42.91
October 31, 2014
Overnight we have seen the BoJ unexpectedly take some action and Ease further. The main points were they expanded base money target to 80 trillion yen, as well as increasing JGB purchases by 30 trillion yen per year. The move by the BoJ was unexpected and as such has caused big moves in the market… View Article
October 31, 2014
EUR CPI (YoY) (Oct) 0.4% 0.4% 0.3% Unemployment Rate (Sep) 11.5% 11.5% 11.5% No surprises out of Europe this morning, with figures coming in as expected and little immediate reaction from the markets. In the long run however, if Eurozone figures do not start showing improvement then the Euro could face even tougher times ahead.
October 30, 2014
The FOMC met for two days over Tuesday and Wednesday and proved to be the key trading event of the week, as traders patiently waited for the outcome. After ending it’s bond buying scheme, the Fed’s monetary-policy making body must turn its attention towards short-term interest rates. Although the Fed gave its self time to delay… View Article
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
