Archive for December 19th, 2014

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