Results for 'Fed'
44 articles with this tag name
Updated Apr 30, 2013 1:40:00 PM
The failure of USD/JPY to reach the 100.00 level and doubts that the Bank of Japan policy action is sufficient to reach its 2% inflation target within a 2-year time frame have resulted in a near term correction lower in the pair. Net speculative yen positioning as reported by the CFTC’s Commitment of Traders report showed that net shorts were trimmed by 13,681 to -79,730 with a reduction in gross shorts of 14,187. For now,
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Updated Mar 29, 2013 2:30:00 PM
FX trading has nearly grinded to a halt as most global markets are closed today for Good Friday. That being said, the one currency which has strengthen more than any other today, the Mexico Peso, also happens to be the strongest so far in 2013, gaining +4.39% in Q1. It was just a few weeks ago that we made the case for further MXN appreciation versus the USD (see original update below). Since our previous
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Updated Dec 6, 2012 3:20:00 PM
Summary Outlook: On Friday, December 7th, at 0830ET/1330GMT the United States is forecast to report a change in Non-farm Payrolls (NFP) of +86K (prior +171K; range +15/+145K), a change in private payrolls of +90K (prior +184K; range +20K/+155K), and a steady unemployment rate of 7.9% (range 8.1/7.9%), according to Bloomberg market surveys. The recent downtick in many employment indicators of late has market participants looking for a rather uninspiring November payrolls number – ADP
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Updated Apr 4, 2013 1:30:00 PM
On Friday, April 5, at 0830ET/1330GMT the US is forecasted to report a change in non-farm payrolls (NFP) of +195K (prior +236K; range +366/100K), a change in private payrolls of +200K (prior +246K; range +115K/+260K), and a steady unemployment rate of 7.7% (prior 7.7%; range 7.6/7.8%), according to Bloomberg market surveys. Our forecast model indicates a March headline NFP number of +194K jobs, which is in line with consensus forecasts. We expect most of the
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Updated May 31, 2012 3:00:00 PM
Summary Outlook: On Friday, June 1 at 0830ET/1330GMT the US is forecast to report a change in non-farm payrolls (NFP) of +150K (prior +115K; range +225/+75K), a change in private payrolls of +160K (prior +130K; range +190K/+80K) and a steady unemployment rate of 8.1% (range 8.2/8.0%), according to Bloomberg market surveys. Recent employment data has been relatively mixed, however it broadly suggests continued softness in the labor market. While weekly initial jobless claims rose
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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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Updated Jun 19, 2012 9:00:00 AM
On Wednesday, June 20, at 1230ET/1630GMT, the FOMC is expected to announce a steady interest rate policy of between zero-0.25% and deliver a more subdued economic outlook in its accompanying statement due to recent deterioration in economic data leading to a loss of momentum in the US recovery. The economic projections of the Federal Reserve Board Members and Presidents which include forecasts for GDP, unemployment and inflation will be released just prior to the 1415ET/1815GMT
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