Larry's Blog
Another Useful FX Resource
September 4, 2008
I also recommend http://global-view.com, a company like XE that has been around for more than ten years and stood the test of time. Global-View’s special strengths are its forums, where a worldwide base of currency market participants share very specific trading strategy suggestions. The interactive nature of this web site lends itself to being a […] More
Larry's Blog
Using Information Gleaned From CurrencyThoughts
September 4, 2008
The broad field of currency analysis encompasses a symbiotic array of cottage industries. For Investors and short-term traders, who actually participate in the foreign exchange market, a place is needed to get accurate price information and to engage in electronic market activity. Before any actions are taken, people go through an information-gathering process to decide […] More
Central Bank Watch
Sweden Lifts Key Rate But Signals Likely Peak
September 4, 2008
A 25-basis point rate hike to 4.75% had been widely analysts and essentially pre-announced by Riksbank officials. However, a statement released today cut the central bank’s inflation and growth forecasts. More importantly, projected future levels of the repo rate no longer show any further rate increases and instead embody the start of an easing cycle […] More
Central Bank Watch
Trichet Retains Hawkish Tone
September 4, 2008
The ECB’s balancing act goes on. However, whereas the August press conference dwelled on the weakness of growth more than had been anticipated, today’s press conference and statement returned the source of greatest concern to the unacceptably poor inflation outlook. A restoration of price stability, that is below but close to 2.0%, is not expected […] More
Central Bank Watch
ECB Lifts Inflation Forecasts, Cuts Projected Growth
September 4, 2008
Click here for text of ECB statement. More
Central Bank Watch
Bank of England Keeps 5.0% Key Rate as Expected
September 4, 2008
For a fifth straight meeting, the Monetary Policy Committee of the Bank of England decided not to change its Bank Rate. Britain has entered a recession, but inflation is more than twice as high as the inflation target of 2.0%. The CPI’s 12-month rate of advance climbed from 2.5% as recently as March to 4.4% […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Central Banks in Spotlight
September 4, 2008
Asian stocks suffered losses. Nikkei and Hang Seng both down 1.0%. Indonesia -1.9%. Singapore -3.0%. India -1.0%. In Europe, the Dax (-1.2%) and Cac40 (-0.8%) are also trading lower, but the Ftse is 0.3% higher. Sovereign bond yields rose. The 10-year JGB yield jumped 6.5 basis points to 1.52%, for instance. Such had bottomed at […] More
