Japan's central bank injected 20 trillion yen ($245 billion) into the money markets Tuesday in an effort to help calm financial markets, according to reports. The move was designed to ensure that banks have enough liquidity to meet a surge in demand from companies and households seeking to raise funds. The same-day funds injection came as Japan's unfolding nuclear crisis deepened on Tues
I was inspired to write this post by a recent article published by Counting Pips, entitled “The Problem with Forex Fundamental Analysis.” While the author, Warren Seah, delivers a stinging critique of fundamental analysis, I think most of his points are pretty hollow. For the sake of debate, I’d like to present my rebuttal. Seah’s thesis can essentially be boiled
The Federal Reserve provided $70 million of liquidity to the European Central Bank in the latest week via its swap lines for foreign central banks, the New York Fed said on Thursday.
The ECB was the sole institution to tap the swap lines in the week ended Feb. 23, swapping the full amount.
The terms for the ECB swap were seven days at 1.16 p
- Ben Bernanke Testifies: Wednesday, 15:00. Federal Reserve Chairman Ben Bernanke testifies on economy before the House Budget Committee on economic, employment and budgetary issues, in Washington DC where he will talk about the second round of quantitative easing
- Australian Employment Data: Thursday, 0:30. Fewer workers were added to the
US Nonfarm Payrolls to climb higher
While we are seeing improvements in most sectors of the US economy, the labour market has reacted with extreme sluggishness to the pick-up in activity. The unemployment rate still hovers around 9.5 percent and the monthly gains in employment are still only just about enough to keep unemployment steady. We do look for an improveme
Today US ADP Non-Farm Employment Change is the major event on calendar . Here is an outlook on the market movers awaiting us.
In the US, ADP Non-Farm Employment Change measuring the estimated change in the number of employed people during the previous month, excluding the farming industry and government grew more than expected with 297,000 additio
As expected, the central bank‚Äôs Monetary Policy Committee captivated its blaze at its account affair on Thursday. But growing apropos about an bread-and-butter downturn, which could accompany
The ECB‚Äôs Governing Council affair in Frankfurt set the criterion lending amount at 1 percent for an 18th month, as predicted by all 52 economists in a Bloomberg News survey. President Jean-Claude Trichet will authority a columnist appointment at 2:30 p
In one week, New York Fed President William Dudley, the Boston Fed‚Äôs Eric Rosengren and Chicago‚Äôs Charles Evans advocated added Fed action. Bernanke himself said Oct. 4 that restarting all-embracing asset purchases would apparently activation growth, a
The abrupt accommodation by the Japanese axial coffer bygone to bead its absorption amount to ‚Äúvirtually zero‚ÄĚ and aggrandize its antithesis area follows the U.S. Federal Reserve‚Äôs move against added anarchistic easing. Coffer of England admiral wil
Although the Federal Reserve, U.S. Treasury and European Central Bank did not animadversion on the intervention, several added admiral did, incl
The coffer cut the brief alarm amount ambition to a ambit of 0 percent to 0.1 percent, the everyman akin back 2006, from 0.1 percent, it said in a account in Tokyo. Policy makers wi
The Federal Reserve pledged on Wednesday to start a controversial new billion bond-buying spree to rescue the economy from its current doldrums.
The Fed said it would buy up to $600 billion in long-term Treasurys until the end of June 2011, about $75 billion this month, in a strategy called quantitative easing
This is the second time the Fed has engaged in quantitative easi
The Federal Reserve may be underestimating the aggrandizement angle for the additional time in beneath than a decade as it prepares to pump added money into the U.S. economy.
The Fed today will apparently restart purchases of bonds to activation the abridgement alike as advance is acceptable to advance at a 2.6 percent anniversary clip in the additional division of abutting year fro