Archive for October 4th, 2013

Foreign Exchange Insights and Next Week

Next Week

October 4, 2013

Central bank meetings next week are scheduled in the U.K., Indonesia, South Korea and Brazil.  The ECB monthly Bulletin and minutes from the Bank of Japan meeting in early September will be published.  Both BOJ Governor Kuroda and ECB President Draghi have planned speeches.  So do several Federal Reserve officials including Pianalto, Bullard, Plosser, Evans, […] More

Central Bank Watch

Bank of Japan Stays the Course with no Modification

October 4, 2013

Policymakers released a statement following a five hour 40 minute meeting over two days.  It reads almost identically to the one in September except that assessments of business fixed investment was upgraded to “has been picking up” from “is starting to pick up” and of housing investment to “has also increased” from “has become evident.”  […] More

New Overnight Developments Abroad - Daily Update

No U.S. Jobs Report on this First Friday of the Month

October 4, 2013

Like each first Friday of the month, today’s market action was to have be dictated by the Labor Department jobs report, whose release instead has been indefinitely postponed due to the partial U.S. government shutdown. No breakthroughs have been reported in the budget talks. The Bank of Japan left its policy stance unchanged as expected.  […] More