European Central Bank President Mario Draghi said Wednesday the ECB is obliged to return Eurozone inflation to close to 2%, and urged governments to do their part to restore confidence. Speaking the eve of the ECB’s monthly policy meeting, Draghi said, “As policymakers in Italy and in the euro ar…
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ECB’s Draghi: Monetary Policy Alone Can’t Restore Confidence
Nabiullina on the wires; limits on capital flows would push Russia back years; no lmits on capital flows is key achievement; Russia has reserves to ensure stability; easing monetary policy would only boost CPI; sees some cyclical factors in GDP slowdown; Russia must f…
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Russian central bank chief says rumours of capital controls are baseless
The European Central Bank’s (ECB) monetary announcement is today’s main event and everyone will be eager to learn if the central bank’s ready, or not, to roll out a robust policy of quantitative easing (QE) to reverse or at least stabilise the Eurozone’s economic decline. Keep in mind that today’s…
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3 Numbers: QE revelations for Europe, US jobless, UK construction
UK is almost robust enough to return to normal; Would that be the “new” normal or the old normal Ben? BOE dep gov in an interview to be shown later in ITV’s Tonight programme; GBPUSD down to 1.6214 on the headline.. Altogether now, keep calm, sell rallies. lol
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BOE’s Broadbent says UK is still not ready for rate hike
The year 2013/14 was one of relative stability in terms of monetary policy. The Reserve Bank Board changed the cash rate only once (in August 2013), the lowest number of changes for eight years. With interest rates at a five-decade low, the Board judged monetary policy to be appropriately configur…
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RBA Annual Report 2014
The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation. The ECB plans to buy asset-backed securities (ABS) – packages of reparcelled loans – with a view to spurring th…
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ECB to flesh out asset-purchase plan it hopes will buoy euro zone
Like the Scots, the Catalans want a referendum on independence. Unlike the British, the Spaniards aren’t inclined to let them have it. This is a mistake, and Spain’s leaders need to show some unwonted statesmanship by making a vote possible — even as they campaign for union. Catalonia’s local g…
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First Scotland, Now Spain
TABLE
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Auction Result of 10-Year JGBs on October 2, 2014
The U.S. dollar rose to its highest level against the Japanese yen since August 2008 on Wednesday, but analysts don’t expect the rally to last. …
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Why the dollar-yen rally will fizzle soon
This is stop loss triggering ladies and gentlemen. EUR, GBP, NZD all big movers. yen and AUD less so but nevertheless joiningg in… CAD, CHF … its USD weakness so everything is having a party today 9excpet the USD … d’uh) Gold higher too. Oil relatively flat on the session. No fresh news hitting.
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Stop loss buying as the USD weakens – big gains in NZD, GBP… across the board
The weakening yen is starting to squeeze Japanese consumers as prices rise for everything from Burgundy wine to instant noodles, threatening Prime Minister Shinzo Abe’s plans to revive the country’s economy. The currency slid to 110 yen to the dollar yesterday, the lowest level in six years, maki…
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What 110 Yen to the Dollar Means for Japan’s Consumers
Gold added to small gains from the day before on Thursday, buoyed by risk-averse sentiment as weak global manufacturing data in the United States unnerved equity markets. FUNDAMENTALS * Spot gold had edged up 0.1 percent to $1,215.02 an ounce by 0038 GMT. The metal gained 0.4 per…
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Gold gets boost from safe-haven bids as equities slide
At the ECB press conference following its October meting on Thursday, Mario Draghi will likely remove concerns over the potential balance sheet increase by arguing that TLTROs should be assessed together with the purchases of private assets, that these measures will help achieve the ECB’s mandate,…
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What Will Draghi Say? How Will The EUR React? – BofA Merrill
Investors loading up on some of the euro zone’s riskiest government bonds on expectations that the European Central Bank will buy them are making a mistake, BlackRock’s head of European and global bonds said on Wednesday. Market expectations that the ECB will be forced to resort to sovereign bond…
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BlackRock bond head says speculators on ECB QE making "mistake"
The ANZ Commodity Price Index declined for the seventh consecutive month, easing 1.3% in September. Nine commodity prices declined in September, three increased and five were unchanged. Dairy products led the decline, with skim milk powder prices falling 14% from the previous month, to its l…
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ANZ Commodity Price Index – The good, the bad and the udderly
The ANZ Commodity Price Index declined for the seventh consecutive month, easing 1.3% in September. Nine commodity prices declined in September, three increased and five were unchanged. Dairy products led the decline, with skim milk powder prices falling 14% from the previous month, to its l…
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ANZ Commodity Price Index – The good, the bad and the udderly
It is October, which in the geeky world of academic economics means it is Nobel Prize month, or actually in the case of the economics field, Sveriges-Riksbank-Prize-in-Economic-Sciences-in-Memory-of-Alfred-Nobel month. The prizes start getting announced next week, and as is the custom for this time…
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Does Bernanke Deserve a Nobel Prize?
It is October, which in the geeky world of academic economics means it is Nobel Prize month, or actually in the case of the economics field, Sveriges-Riksbank-Prize-in-Economic-Sciences-in-Memory-of-Alfred-Nobel month. The prizes start getting announced next week, and as is the custom for this time…
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Does Bernanke Deserve a Nobel Prize?
Stock markets didn’t crash last night but they were certainly under pressure and remain so at the moment as sentiment changes and fear is on the rise. The fact that USDJPY solid off more than a big figure from the high above 110 and US 10 year Treasuries rallied more 10 basis points for a more th…
Stock markets didn’t crash last night but they were certainly under pressure and remain so at the moment as sentiment changes and fear is on the rise. The fact that USDJPY solid off more than a big figure from the high above 110 and US 10 year Treasuries rallied more 10 basis points for a more th…
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Stocks fall again taking the US dollar with them
