ECB meeting: Withdrawing extraordinary liquidity
Trichet signalled that it is soon time to begin withdrawing the extraordinary liquiditymeasures. The 12-month auction in December will be the last. We still expect shorter auctions with full allotment in 2010. As a minimum we expect the one-week actions with full allotment to continue. The assessment of the economic situation has become notably more positive and Trichet has said goodbye to the stabilisation phase. The ECB ought to revise its growth estimate for 2010 upward by a full two
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FOMC: steady as they go
...Fed upgrades eco outlook marginally and keeps subdued inflation view intact ...while it continues to anticipate exceptionally low levels of the federal funds rate for an extended period of time ...low rates of resource utilization, subdued inflation trends, and stable inflation expectations conditions explaining current policy stance ... No word about timing exit strategy and minor change asset purchase program FOMC chooses for status quo The FOMC concluded its two day meeting with the
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US: The Fed still binded to a zero interest-rate policy
Despite the improving economic backdrop, the U.S. central bank reiterated its commitment to keep rates exceptionally low for an extended period of time. More specifically, the FOMC emphasized the low rates of resource utilization (read unemployment rate) and subdued inflation trends (both current and expected) as the conditions that warrant keeping unchanged the current policy stance. It is worth noting that the press release continued to allude to the close link between business investment
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Preview: BOE rate/QE decision
Rates are currently 0.5% (all analysts going for unchanged) QE currently stands at GBP 175bln (consensus for GBP +50bln, ranging from unchanged to GBP +50bln) King(dom) of QE Despite widespread disparity concerning the accuracy of the -0.4% Q3 GDP data, there is a growing agreement between finance professionals that the BoE will vote to expand the size of its QE program. However this time it seem that the decision will be mainly driven by the mounting political pressure from the UK government
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Preview: ECB November rate decision and press conference
Rates currently at 1.00% with all analysts look for no change today at 1245GMT Focus will be on press conference at 1330GMT Latest non-event from the ECB In today’s meeting the ECB is expected to keep interest rates unchanged at 1% and signal that financial armageddon has been avoided but the path towards recovery is yet to find firm footing. As such, the press conference will be scrutinised for potential changes in the stance regarding the monetary policy given latest improvements in economic
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FOMC: low rate of resources utilization warrant zero-interest rate policy
FOMC: low rate of resources utilization warrant zero-interest rate policy As expected, the FOMC opted to keep interest rates unchanged. With respect to the assessment of current and future economic activity, the FOMC showed increased optimism. Over the course of past three meetings, its assessment of current conditions has changed from a “levelling out” to a “continued pick-up” in activity with the support of household spending. Despite the improving economic backdrop, however, the central
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Czech Republic: Czech central bank keeps interest rates on hold
The Czech central bank (CNB) has left its key policy rate unchanged at 1.25%, in linewith consensus expectations. We had expected a further 25bp rate cut. The marketreaction was fairly strong with the Czech koruna firming around 0.7% and Czechrates up (the two-year swap rate is up 10bp). The press conference scheduled for 15:30 CEST should provide more detail about the decision. The decision to leave the key policy rate unchanged at 1.25% was in line with consensus, but against our expectation
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Czech Republic: Czech central bank keeps interest rates on hold
The Czech central bank (CNB) has left its key policy rate unchanged at 1.25%, in linewith consensus expectations. We had expected a further 25bp rate cut. The marketreaction was fairly strong with the Czech koruna firming around 0.7% and Czechrates up (the two-year swap rate is up 10bp). The press conference scheduled for 15:30 CEST should provide more detail about the decision. The decision to leave the key policy rate unchanged at 1.25% was in line with consensus, but against our expectation
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They can… what about me? Forex opportunities
Today everyone is trying to earn as much money as they can and most of them do forget all the other things that matter in life. Even though some of them succeed by becoming millionaires, greed acts an important role on their life. How do we cope with greed, our emotions depend on our personal characteristics. Nowadays the popular way to try to grab a big piece immediately is at Forex Market where all the emotions are gathered from all the world. Forex involves greed, emotions, fair and more
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They can… what about me? Forex opportunities
Today everyone is trying to earn as much money as they can and most of them do forget all the other things that matter in life. Even though some of them succeed by becoming millionaires, greed acts an important role on their life. How do we cope with greed, our emotions depend on our personal characteristics. Nowadays the popular way to try to grab a big piece immediately is at Forex Market where all the emotions are gathered from all the world. Forex involves greed, emotions, fair and more
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