Results for 'FOMC'
35 articles with this tag name
Updated Jan 19, 2012 4:30:00 PM
EUR/USD is in the process of correcting higher as excessive short EUR positioning is cut on signs of stabilizing Eurozone debt markets. Recent EU debt auctions have been successful in spite of the recent ratings downgrades, but with growth stagnant to negative growth prospects, we don’t think much of the underlying fundamental outlook has changed. Negotiations over the Greek debt swap are nearing a potentially successful conclusion, and this also appears to be bolstering short-term
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Updated May 1, 2013 3:30:00 AM
This cross is approaching a key support level at 0.9300, the 200-day sma. This comes after a sharp dollar sell off in recent days, which has seen USDCHF fall towards the bottom of its recent range. The market is pausing for breath as we lead up to the FOMC meeting later that will determine the medium-term direction of the USD (in our view). Watch out for a shallow pullback for the rest of the
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Updated Feb 12, 2013 6:55:00 PM
At the end of January the U.S. 10-year yield achieved both 2.00%, which saw the 61.8% retracement (using 2012 high & low), as well as 2.035%, whereby Wave C was equidistant to Wave A. Since then treasuries have largely been consolidating, with 10’s finding comfort just below the psychological 2% level. During this time we saw the 55-day sma break above the 200-day and then this was followed by the 100-day – Thus, 55>100>200-day sma’s
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Updated Apr 17, 2013 4:00:00 PM
Since the Euro reached 1.3075 and 1.3120 over the past week or two, it satisfied two important things that technicians will look for during a correction – Closing a gap (from 3/15-18 weekend) & achieving the 38.2% retracement (of the 2013 decline). Price action shortly thereafter began to stagnate between the 100-day sma (1.3145/55) and the daily 144 & 169 EMA’s around 1.3030/40 for a few days. Finally, yesterday EURUSD saw a break above the
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Updated Apr 10, 2013 6:55:00 PM
Towards the end of March we saw AUDUSD break above our highlighted 1.0400/25 zone, however it ended up having difficulty with the 1.0500 level – 78.6% retracement January-March decline (also heard talk of a significant barrier just ahead of the figure), consequently the ensuing week or so saw Aussie retrace part of the March advance. Sure enough, this past Sunday AUDUSD ended up finding support into the 38.2% Fibonacci support level around 1.0350 and this
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Updated Dec 11, 2012 7:20:00 PM
With the U.S. FOMC interest rate announcement due out within 24-hours, we felt it was pertinent to highlight many of the key technical levels in various markets as there could be an extreme amount of volatility depending upon their decision. FX MAJORS: EMERGING FX: COMMODITIES: EQUITIES & YIELDS: 1 Reference is for informational purposes only and is not offered to US clients Follow us on Twitter for more TECHNICAL UPDATES throughout the day!
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Updated Oct 11, 2011 3:15:00 PM
Research Note: FOMC Minutes Wednesday, Oct. 12 Summary Outlook: On Wednesday at 1400EDT/1800GMT, the Fed will release the minutes of the Sept.20-21 FOMC meeting, at which the Fed unveiled ‘Operation Twist,’ its program of lengthening the maturities of Treasury debt in its portfolio to suppress long-term market interest rates. We think the crucial issue will be to what extent the FOMC discussed a third round of asset purchases, known as QE3. At this point, based
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Updated Nov 1, 2011 3:45:00 PM
Research Note: Nov. 2011 FOMC Meeting Summary Outlook: On Wednesday, November 2 at 1230EDT/1630GMT, the FOMC is expected to announce a mostly steady policy decision, but the focus will be on whether the Fed engages in a third-round of asset purchases or QE3. Bernanke will hold his quarterly press briefing later at 1415EDT/1815GMT, where he will also present the latest revisions to Fed GDP and CPI forecasts. In recent weeks, three voting members of the
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Updated Apr 30, 2013 3:45:00 PM
On Wednesday, May 1st at 14:00ET/18:00GMT, the FOMC will conclude their 2-day meeting and we do not anticipate any major changes to monetary policy or the Fed’s current $85B a month pace of Quantitative Easing – $45B of Treasuries and $40B of Mortgage-backed securities (MBS). Under this scenario, the markets will likely focus on the tone of the FOMC statement and for any potential indication on what may cause a change in the size, pace
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Updated Mar 19, 2013 3:25:00 PM
On Wednesday, March 20th, the FOMC will conclude their 2-day meeting. In an effort to better facilitate information and reduce market volatility the Federal Reserve decided to cut the time in between the FOMC statement and the beginning of the Chairman’s press conference. Accordingly, they will release their March statement in conjunction with the summary of economic projections at 14:00ET/18:00GMT, followed by Bernanke’s news conference at 14:30ET/18:30GMT. Ideally, this may improve transparency as it will allow the
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