News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Notice

RBNZ maintains benchmark interest rate at 0.25% with bond purhcase program at NZD100b

Real Time News
  • $NZDUSD just a touch lower after the #RBNZ rate announcement after policy settings were left unchanged https://t.co/i2BolXsSrE https://t.co/dxWNxNJ076
  • RBNZ: Less government bond issuance placing less pressure on yields, weekly changes in LSAP don't represent policy shift -BBG
  • RBNZ: Growth outlook remains highly uncertain, committee saw risks to economic outlook as remaining balanced -BBG
  • RBNZ: Meeting requirements will take time and patience, assessments of remit change to be included in May FSR -BBG
  • RBNZ: Prepared to lower rate if required, will maintain stimulatory settings until CPI at midpoint -BBG
  • RBNZ maintains benchmark interest rate at 0.25% and bond purchase program at NZD100b -BBG $NZDUSD #NZD
  • 🇳🇿 Interest Rate Decision Actual: 0.25% Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-04-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.67%, while traders in France 40 are at opposite extremes with 80.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vGd2alrTJx
  • Heads Up:🇳🇿 Interest Rate Decision due at 02:00 GMT (15min) Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-04-14
  • S&P 500 Index Hits Record Highs as Bond Yields Drop, Nikkei 225 Falls as Machine Orders Contract https://www.dailyfx.com/forex/market_alert/2021/04/14/SP-500-Index-Hits-Record-Highs-as-Yields-Drop-Nikkei-225-Falls-as-Machinery-Order-Contracts.html https://t.co/OuLYfGRzZJ
Bank Research Consensus Weekly 02.13.12

Bank Research Consensus Weekly 02.13.12

David Song, Strategist
Bank_Research_Consensus_Weekly_02.13.12_body_BankResearch.png, Bank Research Consensus Weekly 02.13.12

QE: What's Different This Time?

Manoj Pradhan, Morgan Stanley

QE was introduced because the transmission mechanisms of traditional monetary policy were broken, and was designed to best take advantage of the parts that still worked. At the risk of oversimplifying things, we would argue that passive QE (where private institutions call the shots) is better equipped to deal with tail risks while active QE (where the central bank dictates terms and hence delivers a clear policy signal) is better placed to deal with the base case, though an overlap between the two clearly exists. Seen through this lens, the ECB's LTROs (passive QE) have reduced tail risks, but more needs to be done to stimulate the euro area economy, as Joachim Fels and Elga Bartsch have argued. ‘QE à la Fed' - active QE-mandated purchases of assets - remains the gold standard, in our view. The arrival of its latest edition in the US (particularly if it is pre-emptive in that it arrives before growth weakens) and also in Europe could help to push global growth closer to a sustainable trajectory. Both the timing and the design of these packages are important, and the key players - investors and emerging markets - are readying themselves.

Full Story

FX: GBP Weakens Again

Kasper Kirkegaard, Senior Analyst, Danske Bank

There is much to suggest that GBP/DKK has topped out for now – and we do not expect the peak of just over 9.00 reached in early January to be seen again anytime soon. However, like so much else, whether it is depends on how the euro crisis develops and the pound is still closely correlated to the dollar.

Full Story

Cyclical Recovery and Continued Low Interest Rates thru 2014? An Uneasy Truce

John E. Silvia, Chief Economist, Wells Fargo

Winning a battle does not mean winning a war in the battle of supply and demand in the credit market. In the short term, the Fed’s provision of liquidity may keep interest rates low for now, but we are skeptical of the ability of the Fed to keep both short and long-term rates this low through 2014. Economics will dominate policy and the bias, certainly for long rates, will be on the upside. Investors should be skeptical of policy intentions in the face of real-world developments.

Full Story

United States – Moving Forward, Slowly But Surely

Martin Schwerdtfeger, Senior Economist,TD Bank Financial Group

Greek debt talks dominated headlines once again this week. Negotiations between Greek political leaders and EU/IMF officials led to a tentative agreement on further austerity measures that would enable the latter to sign off on the second Greek bailout program. The initial positive reaction faded late on Thursday when European officials made clear the program will not be finalized until the Greek parliament passes the new austerity measures. The vote is scheduled on Sunday. At the time of writing, the S&P 500 was down 0.8% on the week, and European stocks were in the red by an even larger margin.

Full Story

Compiled by David Song, Currency Analyst

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES