News and Events | Savi Trading

ECB interest rate decision 0.15% vs 0.1% expected

June 5, 2014 depo rate to -0.1 % Headline up on BBG saying that they will announce further policy decisions later reparing ABS purchases Discontinue SMP sterilisation Target longer term loans Continue with full allotment Inflation expectation remain firmly anchored over medium term (this suggests that the staff projections didn’t throw up any shocks but we should here… View Article

May US Challenger layoffs 52,961 vs 40,298 prior

June 5, 2014 Highest monthly total in 15 months. The top 5 job cutting sectors in May were; Computer 18,799 Transportation 6884 Healthcare/products 3919 Government 3248 Services 2728

ECB press conference link

June 5, 2014 ECB press conference link http://www.ecb.europa.eu/press/tvservices/webcast/html/webcast_140605.en.html

Boe interest rate decision 0.5% vs 0.5% expected

June 5, 2014 Boe leaves rates unchanged at 0.5% Leaves QE total at £375 billion in line

ECB and BOE outlook

June 5, 2014 Good morning, This afternoon sees the release of the ECB & BOE Interest rate decisions at 1145 GMT and 1100 GMT respectively. There will also be a press conference from the ECB leader Mario Draghi beginning at 1230 GMT. The market has been on standstill for the past few days waiting for these decisions/meeting. The… View Article

Head of FX – Miles Eakers – European morning call 05/06/2014

June 5, 2014 European morning call – 05/06/2014 – 08.10 am

Daily Commentary

June 4, 2014 GBP/USD- We have seen cable touch the bottom of its newly formed range earlier today and during the Asian session, but rest assured it was only a touch and has bounced off. The pair has surged nearly to the top of the range on the back of positive sterling data being Services PMI coming out… View Article

Head of FX – Miles Eakers – European and American round up 04/06/2014

June 4, 2014 European and American round up 04/06/2014 18.15

G7 says global economy strengthened in past year

June 4, 2014 Urges Russia to enter frank and open dialogue to find a political solution with Ukraine G7 stands ready to intensify targeted sanctions on Russia Calls on Russia to accelerate troop movement from border Actions in Ukraine unacceptable and must stop Downside economic risks remain and need to be managed carefully Continued and sustained growth needed… View Article

Bank of Canada leaves rates unchanged at 1.0%

June 4, 2014 Highlights of the June 4th 2014 Bank of Canada monetary policy meeting Economy rebounding after pause in Q1 but could have slightly less underlying momentum that previously expected Economy grew at modest pace in Q1 2014 held back by bad weather and supply constraints Temporary effects largely behind rise in inflation to 2% target, Core… View Article