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MPC Meeting Minutes

Written October 20, 2010 at 4:47 AM EST by Frank Cahill 

  • Posen voted to increase bond plan by 50 billion pounds.
  • Recent data hasn’t altered near term outlook.
  • Sees weaker recovery in 2H compared to 1H.
  • Evidence “not compelling enough” to change policy now.
  • Earnings and money growth had remained weak.
  • Sentance voted to raise key rate by .25%.
  • CPI to fall back toward target.
Archived in Forex News, Forex Trading

Comfirmed :Japan intervenes in usd/jpy

Written September 24, 2010 at 12:33 AM EST by Frank Cahill 

BOJ buys usd/jpy from 84.60 to 85.20

Archived in Forex Trading

Rumor: BOJ intervened in USD/JPY

Written September 24, 2010 at 12:28 AM EST by Frank Cahill 

Unable to confirm intervention

Archived in Forex Trading

Australian Unemployment Rate

Written September 8, 2010 at 9:33 PM EST by Frank Cahill 

Unemployment Rate forecast 5.2 pct comes in at 5.1 pct .
Employment Change 30.9k forecasted 27.2k
Better then expected Aud/usd trades up to .9220 from .9185
Archived in Forex Trading

ECB WELLINK UPDATE

Written September 3, 2010 at 2:57 AM EST by Frank Cahill 

ECB WELLINK

 *Yen strength helpful but not totally positive
*Don’t see a ‘double dip’ recession in europe
*Germany, north EMU countries doing well, should spread
*Greece is ‘on track’ with deficit reduction program
*EU growth back on track, shouldn’t continue stimulus
*At certain moment’ should normalize monetary policy
*Should normalize or are building probs for 2-3 years time
*3Q should be okay for europe; some slowing on inventories
*The U.S. is the weak spot in the global picture
*Some china slowdown welcome versus overheating risk

Archived in Forex Trading

Japan Automakers want weaker Yen

Written July 7, 2010 at 12:41 AM EST by Frank Cahill 

Japan Automaker Group Says It Wants Govt to Take steps on Yen .

USD/JPY trades to 88.55 on the Headline

Archived in Forex Trading

UK GDP and Index of Services

Written July 24, 2009 at 4:31 AM EST by Frank Cahill 

UK GDP QoQ -0.8 v -0.3 e.Prior -2.4

UK GDP YoY -5.6 v-5.2e. Prior -4.9

Index of Services (3mth) -1.0 v -0.8e. Prior -1.2

GBP trades lower from 1.6505 to 1.6470

Archived in Forex Trading

Eurozone PMI

Written July 24, 2009 at 4:05 AM EST by Frank Cahill 

PMI Manufacturing 46.0 v 43.5e .Prior 42.6

PMI Services 45.6 v 45.2e. Prior 44.7

PMI composite 46.8 v 45.3e. Prior 44.6

Archived in Forex Trading

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