Archive for March 11th, 2016

Foreign Exchange Insights and Next Week

Next Week

March 11, 2016

U.S. Clocks Spring One Hour Forward to Daylight Savings Time:  Time in New York shifts to a 13-hour difference with Tokyo, a 4-hour difference with London and a 5-hour spread with Paris, Brussels, and Frankfurt. British Annual Budget: Presentation on Wednesday. Central Bank Beat:  Interest rate policy meetings scheduled in the United States, Japan, the […] More

Central Bank Watch

National Bank of Poland Keeps Key 1.5% Interest Rate and Adopts New Macroeconomic Forecasts

March 11, 2016

Poland’s monetary policy interest rate was cut from 4.75% to 2.5% between November 2012 and July 2013, reduced by a further 100 bps in two increments during the first quarter of 2015, but not changed subsequently.  The statement released after the latest policy meeting said this about inflation: Price growth will remain negative in the […] More

New Overnight Developments Abroad - Daily Update

Fresh Appreciation for Latest ECB Actions Spurs Market Rally

March 11, 2016

Share prices in Europe have rallied 3.1% in Germany, 4.4% in Italy, 3.3% in Spain, and 1.6% in Great Britain. Stock markets in the Pacific Rim closed up 0.3% in Australia, 0.5% in Japan, 0.2% in China and 0.4% in India. The Dow shows a current daily advance of 1.2%. West Texas Intermediate crude oil […] More