Foreign Exchange Insights and Next Week
Next Week
December 19, 2014
Holiday closures dominate the week ahead. Japan will be closed for the Emperor’s birthday on Tuesday but then one of the few markets open for the remainder of the week. Most markets will be Thursday for Christmas, and many stay shut Friday for Boxing Day or Saint Stephen’s Day. Among key central banks, only Turkey […] More
Central Bank Watch
Bank of Japan Board Keeps Settings and Upgrades Assessment
December 19, 2014
After meeting for five hours 51 minutes on Thursday and Friday, the BOJ retained the augmented quantitative stimulus guidelines agreed by an 8-1 vote at its October 31 meeting. Takahide Kiuchi dissented again, as he favors reverting back to the less aggressive stimulus settings before October 31. Somewhat surprisingly, the Board’s economic assessment was upgraded, […] More
New Overnight Developments Abroad - Daily Update
Weaker Yen and European Stocks, Stronger Asian Equities, and Firmer Oil
December 19, 2014
A volatile week in the marketplace has seen more swings on Friday, but dollar movement against the majors has been less than 0.3% except for a 0.4% drop in the yen. Share prices in the Pacific Basin advanced by 2.5% in Australia, 2.4% in Japan, 1.7% in South Korea, 1.3% in Hong Kong, 1.1% in […] More
