FX Daily

 

FX Daily
October 31, 2014 Posted by
The JPY fell sharply, off by 2.5%, to a 6 year low after the Bank of Japan increased its monetary stimulus targets. The Bank intends to increase annual holdings of government securities to 80 trillion JPY (roughly $723 billion), from 60 to 70 trillion yen, further adding to their unprecedented stimulus.
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FX Daily
October 29, 2014 Posted by
The markets are quiet this morning in advance of today’s Fed announcement. Most market participants expect the Fed to end its quantitative easing program, which currently stands at $15 billion per month, while leaving rates unchanged near zero.
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FX Daily
October 28, 2014 Posted by
Global equity markets are higher on stronger corporate earnings while treasuries sold off on the back of better than expected consumer confidence. Approximately 80% of S&P 500 companies have reported earnings, with 61% of those reporting beating sales targets.
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FX Daily
October 27, 2014 Posted by
The major event of the week will be the FOMC policy announcement on Wednesday in which the Fed may announce the end of its quantitative easing program; which given Bullard’s recent dovish comments is not a foregone conclusion. The program currently calls for $15 billion of security purchases per month.
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FX Daily
October 24, 2014 Posted by

The week closes with the USD slightly weaker across the board via confirmation of an Ebola diagnosis in New York o/n.  The FOMC meets next week to discuss monetary policy, and is expected to maintain its current .25% o/n rates.

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FX Daily
October 22, 2014 Posted by
The USD is benefitting from a positive inflation report this morning (up 0.1% in Sept) vs. the negative report in August (-0.2%).  The firmer than expected CPI announcement offsets the fear of s/t deflation setting into the economy going into the last quarter of the year.
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FX Daily
October 21, 2014 Posted by
The USD is stronger again today via speculation the ECB will further expand its stimulus program to bolster growth in the Euroland bloc.  The ECB was seen purchasing bonds for a second day as part of President Draghi’s plan to boost lending, and Reuters also reported the central bank is now considering corporate debt purchases.
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FX Daily
October 20, 2014 Posted by
The week opens on a quiet note, with the USD slightly stronger vs. the EUR (adding to the biggest weekly gain since April). The market continues to speculate the Fed’ pace for interest-rate increases despite the appearance of slowing global growth.
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FX Daily
October 10, 2014 Posted by
The dollar is closing the week on a high note, rallying strongly against all its counterparts on fears that global growth will underperform next year.
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FX Daily
October 09, 2014 Posted by
The dollar is trading a little lower today, after the FOMC minutes released yesterday commented that slowing global growth and a stronger currency were potential risks to the U.S. economy.
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