Archive for April 27th, 2018

Foreign Exchange Insights and Next Week

Next Week

April 27, 2018

Many Holiday Closures: Japan observes Showa Day on Monday, Constitution Day on Thursday and Greenery Day on Friday. China has Labor Day on Monday and Tuesday. Some of the markets observing May Day on Tuesday are France, Germany, Switzerland, Norway, Spain, Hong Kong, South Korea,Brazil, Italy, Mexico, Norway, Indonesia, India, Singapore, South Africa. Numerous Purchasing […] More

Central Bank Watch

Bank of Japan

April 27, 2018

After a two-day discussion lasting four hours 17 minutes, members of the Bank of Japan left their settings on their QQE policy with Yield Curve Control unchanged. A -0.10% short-term Policy Rate on current account balances of financial institutions held with it. Annual purchases of JGBs totaling about 80 trillion yen. The amount has recently […] More

Central Bank Watch

Central Bank of the Russian Federation Leaves Policy as Is

April 27, 2018

Breaking a streak of five straight reductions of the key central bank between last September and March and totaling 175 basis points, the Bank of Russia Board of Directors agreed to leave such unchanged at 7.25% at today’s review. A released statement said that CPI inflation of 2.4% last month was still low but that […] More

New Overnight Developments Abroad - Daily Update

Plenty of News to Focus Upon

April 27, 2018

The meeting between the presidents of South Korea and North Korea agreed to end their multi-decade war and to deescalate nuclear armament. Share prices in the Pacific Rim climbed 1.3% in New Zealand, 1.0% in Hong Kong, and 0.7% in Japan, South Korea, India and Australia. British GDP growth slowed more than forecast last quarter, […] More

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