Chairman Bernanke highlighted a patient, thoughtful approach to policy if the economy weakens and we get further disinflation we will ease. Certainly, this is disappointing to those who expected more today, but the approach is consistent with thoughtful policy. The Fed does not appear to be panicked into action
Posted in rellini.com di .
ago 10
27
Chart of the Day – EUR/USD
Price action on EUR/USD (a 4-hour chart of which is shown) as of Friday (8/27/2010) has begun once again to lean towards a resumption of the bearish trend that originated in early August. This occurs after price hit a low just below 1.2600 earlier in the week and then made
Posted in rellini.com di .
ago 10
27
FX Strategy Weekly
Selling rallies in pro-risk and carry trade strategies is favoured in G10 currency markets and should translate into steady demand for safe haven harbours. We look ahead to next Tuesday when Japanese PM Kan will announce a plan to support the economy and tackle the JPY. With the SNB not
Posted in rellini.com di .
ago 10
27
U.S. Economic Outlook and the Federal Reserve’s Policy Response at the Jackson Hole Symposium
Fed Chairman Bernanke provided a fulsome discussion of the options open to the Fed to provide additional support to the economy, if required, but provided no substantive guidance regarding the trigger for such actions to be implemented. The Chairman reiterated that the recovery has disappointed the Fed in recent months
Posted in rellini.com di .
Despite intra-day marginal fall to 1.0220 (previous low was 1.0222), as the greenback has rebounded from there, suggesting a minor low has been formed and consolidation above this level would take place but break of resistance at 1.0319 is needed to bring retracement of recent fall to the Ichimoku cloud
Posted in rellini.com di .
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