Edit

ECB and the Future of QE

December 07, 2016
The ECB meets tomorrow.  The meeting is live in the sense that the central bank is widely expected to take fresh actions, ostensibly backed by new staff forecasts.  There are three broad areas that the ECB is expected to address.   
First, the current buying program has a soft end date as of the end of March 2017.  It is a soft deadline because ECB…
ECB and the Future of QE ECB and the Future of QE Reviewed by Marc Chandler on December 07, 2016 Rating: 5
Edit

Greenback is Broadly Steady While Sterling Slides

December 07, 2016
The US dollar is little changed against most of the major currencies.  Sterling is the notable exception, losing about 0.75% to trade at three-day lows.  It was on the defensive in early European turnover but got the run pulled from beneath by the unexpectedly poor data.  
UK industrial output fell by 1.3% in October.  The median forecast was for a…
Greenback is Broadly Steady While Sterling Slides Greenback is Broadly Steady While Sterling Slides Reviewed by Marc Chandler on December 07, 2016 Rating: 5
Edit

Greek Bonds may Soon be Included in ECB Purchases

December 06, 2016
The ECB does not include Greek bonds in its sovereign bond purchase operation.  However, the progress is being made, and it is possible that starting early next year, the ECB will buy Greek bonds.  
Greece Deputy Finance Minister Chouliarakis told the EU Parliament that a staff-level agreement is possible before the end of the year.  There are two …
Greek Bonds may Soon be Included in ECB Purchases Greek Bonds may Soon be Included in ECB Purchases Reviewed by Marc Chandler on December 06, 2016 Rating: 5
Edit

You Can Almost Hear a Pin Drop

December 06, 2016
The foreign exchange market is quiet.  Ranges are narrow, with the US dollar mostly consolidating against the major currencies.  Given the push lower yesterday, the shallowness of its recovery warns of the greenback's downside correction after strong gains last month may not be complete.
The news stream lends itself to consolidation.  The immed…
You Can Almost Hear a Pin Drop You Can Almost Hear a Pin Drop Reviewed by Marc Chandler on December 06, 2016 Rating: 5
Edit

Great Graphic: Dollar Index Update

December 05, 2016
We took a closer look at the US Dollar Index last week.  In our write up, we noted highlighted the importance of the 100.60 area.  We warned that a break of that support could signal the start of a deeper correction as opposed to a shallow consolidation.  Two targets were offered, 99.70 and 99.00. 
Before the weekend the Dollar Index briefly slippe…
Great Graphic: Dollar Index Update Great Graphic:  Dollar Index Update Reviewed by Marc Chandler on December 05, 2016 Rating: 5
Powered by Blogger.