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Trading Ideas - Boe Inflation, Zew Survey, Fed Interest Rate Decision, Consumer Price Index - Sept 16th
Hello, Yesterday EUR USD has moved 400 pips between high and low. We should have a lot of volatility today... It's a great configuration for scalping strategy but it's hard for trend follower as I am! Don't forget your stop loss if you follow my forecasts.Many news in the economic calendar. Today: BoE Inflation Letter. The Inflation
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Commodity Currencies Could Benefit from Less Gloomy Fed Outlook
Positive comments from the Fed could help to support commodity currencies, according to strategists.The FOMC interest rate decision was relatively in line with expectations. However, some currency strategists said the Fed presented a less gloomy outlook on the economy.In the monetary policy statement, the central bank said there are some signs that the economic outlook is improving, with the stabilization in consumer spending and a slower pace of economic contraction.Although the economic outlook has improved modestly since
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US Apr Reuters/Michigan Consumer Sentiment Index increase to 65.1
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US Reuters/Michigan Consumer Sentiment Index rises to 67.9 in May
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Germany ZEW Economic Sentiment Survey improves to 13 in Apr, far better than expected
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BOE Cuts Rates to 0.50%; Will Buy £75 Billion in Assets Using its Balance Sheet
As widely expected, the Bank of England cuts its benchmark interest rate by 50 bps to a new record low of 0.50% and pledged to begin purchasing Gilts by using its balance sheet.The BOE pledged to purchase £75 billion at its Asset Purchase Facility by using the central bank's balance sheet rather than the original plan to finance the APF by using short debt term from the Treasury, adding that It is likely that the majority of
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U.S. Government Must Balance Short and Long-Term Budget Needs, Says Bernanke
The U.S. government will have to balance short term programs to help stabilize the U.S. financial system while entering longer term fiscal sustainability to help the U.S. economy, on a sustainable path to recovery, Fed Chairman Ben Bernanke said on Tuesday.Testifying before the Senate Budget Committee, Bernanke said both the government and the Federal Reserve have taken strong measure to counter the financial crisis, but warned that the need for further funding to the financial system would
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Les perspectives économiques inquiètent les consommateurs américains
L’opinion des consommateurs américains sur l’économie s’est détériorée plus que prévu en février, les deux tiers des répondants s’attendant à ce que le ralentissement économique dure encore cinq ans.Selon un rapport préliminaire de Reuters et l’Université du Michigan, publié vendredi matin, l’indice global de l’opinion des consommateurs (« consumer sentiment ») a chuté à 56,2 de 61,2 en janvier, malgré les attentes des économistes qui tablaient sur un résultat de 60,2.Les répondants sont néanmoins plus positif quant
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