All Blogs
BOJ governor turns his attention to FX rates 16 June 2016 will monitor moves carefull yen gains that don't reflect economy undesirable various ways to respond to surge in dollar cost always checking dollar funding costs for Japanese banks...
Bank of Japan governor still at the press conference 16 June 2016 Brexit affecting drop in bond yields The Brexit-blame card now appearing, not for the first time today I'm sure with SNB and BOE to follow. BOJ in close contact with CBs including BOE Oh to be fly on the wall...
US ratings agency out with their post-BOJ verdict 16 June 2016 Fitch Ratings has today revised the rating Outlooks for Mitsubishi UFJ Financial Group, Inc. (MUFG) and its subsidiaries, Sumitomo Mitsui Financial Group, Inc. (SMFG) and its subsidiaries, Mizuho Financial Group, Inc...
Soft tones again for European equities as the Nikkei posts big losses 16 June 2016 DAX futures -1.7% CAC40 -1.1% FTSE -1.1% Expect yen safe-haven demand to continue if equities continue to wobble, perverse as it may be...
A soggy session for Japanese equities after the BOJ left policy on hold 16 June 2016 -485.44 open 15871.22 high 15913.08 low 15395.98...
Latest economic forecasts now out from Swiss government 15 June 2016 2017 GDP unchanged at +1.8% 2016 CPI -0.4% vs -0.6% prev 2017 CPI +0.3% vs +0.2% 2016 unemployment unchanged at 3.5...
Your economic data/events calendar for today 16 June 2016 Greetings one and all as the fun n games continue. Plenty of releases today plus the BOJ presser/SNB/BOE decisions. Should be a quiet one. lol As always I wish you a good session...
Japan's northerly island Hakkaido hit by earthquake 16 June 2016 no danger of tsunami no immediate report of injuries or major damage no irregularities at Higasihdori or Tomari nuclear plants The latest quake comes two months after the major event that killed 49 people in Japan's most southerly i...
USDCHF: Having the pair rejected higher prices to weaken further on Wednesday, further downside pressure is expected in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
99.2% Probability Gold Will Reverse From Bullish to Bearish According to the Theory of Runs that I explained in a previous blog (HERE) their is a 99.2% probability that tomorrow Gold will end Bearish with a black falling candle. Here is the Daily chart...
How Fed estimates changed 2016 growth downgraded to 2.0% from 2.2% in the March projection 2017 growth downgraded to 2.0% from 2.1% It's officially a 2% economy (and the Fed has a history of overestimating) Unemployment forecasts for 2016 and 2017 unchanged...
Highlights of the FOMC interest rate decision June 15, 2016 Rates left unchanged in 0.25% to 0.50% range Labor market slowed since April meeting despite economic pickup Expects labor market indicators 'will strengthen' Repeats that economy to warrant only gradual hikes...
No chance of a hike today but the odds rise in the year ahead The Fed doesn't like those numbers so low. My best guess is that the Fed is a bit hawkish to preserve the possibility of a June hike. The non-farm payrolls report looks like an outlier...
Where the Fed stands "Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative...
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European stock market close 15 June 2016 FTSE +0.7% Cac +1.0% Dax +0.9% Ibex +1.5...
ECB's Jens Weidmann speaks in Frankfurt We must give agreed stimulus time to show effects Doesn't see any signs that ECB's credibility has been hurt by low inflation Inflation target is appropriate Expansive policy is needed for the foreseeable future...
If there's one thing that's featured heavily over the past few years, it is Fed excuses not to do something Weather, housing, jobs, international markets, dog ate the dot plot, you name it and they've used it...
