Posts Tagged ‘Quantitative Easing’
Currency Articles - November 2, 2010 19:16
Global Stock markets have continued to rally today amid expectations of stimulus packages. Benchmark US Stock indices have reached 6 month highs. Risk appetite is firmly back in place in the markets with speculators contemplating the measures that will be brought into the market place to stimulate the US economy and the upcoming election results […]
The world’s largest economy has today posted Manufacturing activity gains at the fastest pace in five months. The ISM Index has advanced from 54.4 last month to 56.9 this month. This release represents a significantly better than expected growth in this sector amid forecasts for 54.0. Economists are arguing that Manufacturing is at the head […]
All eyes are focused on GDP for the US and the UK this week. We have (Q3) Preliminary GDP from the UK tomorrow morning with the figure forecasted at just 0.4%. If this is the case, this represents a significant slowing in the economic recovery and will weigh on the pound with concern over additional […]
The pound has slumped to a daily low of 1.1226 against the Euro. This break through technical resistance could see further declines from here towards the next level of support between 1.10 and 1.0950. It is remarkable how quickly the Euro has strengthened against both the pound and the USD and it looks set to […]
Today we have seen some respite for the USD. The Dollar has made gains against most currencies today as US Treasury Secretary, Timothy Geithner has said that the US will work to preserve confidence in a strong currency and will not work to devalue their currency.
US monetary policy is proving to be the key focus in the markets at the moment. Most Traders are paying particular attention to Wednesday’s release of the Fed’s latest beige book. This will provide the basis for discussion at the November FOMC meeting when markets expect fresh quantitative easing measures.
Global stock markets have declined today, the USD has come off its highs and is trending back towards support. The fed is releasing its minutes from the 21st September meeting this evening at 1900. The market will be looking to these minutes to establish how the Fed intend to ease monetary policy and undergo QE2.