Tag Archives: foreign exchange

Fed Decision – A Minority Report

The analogy sort of fits; and what put me in mind of it was the news this week that the FBI has commenced a project to create a hi-tech facial recognition database. We of course, are concerned about a different … Continue reading

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ECB Bullets To Shoot Down High Hopes [Sorry]

The views below are based on my soundings, readings and common sense. Responsibility my own: ESM banking licence: crisis would need to deteriorate significantly (threaten the core) before such a politically contentious and legally complex policy change is considered. Bear … Continue reading

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ECB Will Still=’Extremely Cautious Behemoth’ In January

At this point, the ECB seems unlikely to produce any material changes in policy with its announcements on Thursday. ======================================================== T&C reminders: please see disclaimer at head of this blog. please note the peculiarities of my discursive style: I try … Continue reading

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Why More From Operation [Oliver] Twist May Not Be Enough

http://youtu.be/sZrgxHvNNUc The problem is, ‘more’ has been given, and yet ‘more’ still, and it has not proved to be enough, for markets or the real economy. What you will not find this afternoon, is an economist or anyone attentive and … Continue reading

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JPY can go OTP ahead of DPJ Contest

QuickJPYbullets: scope for USD/JPY to plumb/set historic lows with the most recent being 76.37. Overnight the pair reversed from a peak around 76.88 and is now at a weakly looking 76.53 triangle on hourly chart suggests 73.50 target! More sensible targets are 76.37 and … Continue reading

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The Great SNB / NY Fed USD Swap Mystery

The Swiss National Bank has a USD swaps facility with The Federal Reserve Bank of New York.On behalf of a Swiss investment bank following a request, the SNB effectively applied for $200M-worth of dollars on Aug. 10 and the amount … Continue reading

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Expect short-term tumble, but no long-term USD collapse

What a weekend. I sense that many have been reluctant to get involved in the necessary task of trying to work out what the two almost seismic bits of financial news over the weekend mean. However many did get involved. … Continue reading

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