The
degree of dovishness in the latest Fed minutes released late in the day
surprised the markets, although some hastened to add that data released
since that meeting have been better than expected.
A
sharp decline in Japanese exports was taken as indicative of a weaker
Chinese economy. U.S. housing data were a bit shy of estimates
and Canadian Retail Sales were weak.
Markets
now expect the ECB to consider maintaining some sort of limit on EZ
sovereign bond yields. Some are skeptical.
The market
is awaiting the Bernanke speech at Jackson Hole on August 31. ECB President Draghi speaks on
Sat September 1.
The key EURUSD 20-day average
is 1.2332. The 10-yr bund is 1.53%,
-3bp Key European bourses are down. The
U.S.10-yr is 1.72%, -9 bp. U.S. shares are about
steady.
Key Asian bourses ended lower. The 10-yr JGB was
0.83%, 0 bp. The key
USDJPY 20-day average is 78.49. EURJPY 20-day average is 96.96.
Japanese officials continue to threaten JPY intervention.
Japan should will see a leadership change now that the hike in the
national consumption tax was approved.
dc CB 20:29:27 GMT - 08/22/2012
Headline reading Algos see "decelerating, slow or falling, QE, more QE, new QE, more easing" and go batshite. In late NY trading, computers bought Bonds and Note, and metals, run stocks back to unchanged.
*FOMC PARTICIPANTS SAW ECONOMY DECELERATING AFTER JUNE MEETING
*MANY FOMC PARTICIPANTS SAID MANUFACTURING WAS SLOW OR FALLING
*FOMC PARTICIPANTS DISCUSSED QE, EXTENDING 2014 FORECAST ON RATE
*FED STAFF SAID MARKETS HAVE LARGE CAPACITY TO HANDLE MORE QE
*MANY FOMC PARTICIPANTS SAW NEW QE AS BOLSTERING U.S. RECOVERY
*MANY ON FOMC FAVORED EASING SOON IF NO SUSTAINED GROWTH PICKUP
UPDATED. Global-View Free
FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel
spreadsheet format.
GVI Forex D.O.G. Index 19:23:42 GMT - 08/22/2012
19:25 GMT (Global-View.com) August 22- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index
is closing Wednesday in North America at .5308, -0.41% from its Tuesday close (-1.33% vs. end-2010).
As for its key subcomponents, the USD forex purchasing power index is .7918, -0.50% (+1.75% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is worth .1742, -0.79% (-14.13% end-2010).
Against crude, it is at .4613, +0.32% (-5.41% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against
levels from the start of 1999, as of the initial launch of the euro (currency).
-- ALERT --
U.S. EIA Weekly Energy Inventories (mln)
Crude Oil: -5.410 vs. +0.200 exp vs. -3.700 prev.
Gasoline: -0.900 vs. -0.800 exp. vs. -2.370 prev.
Distillates: +1.000 vs. +1.300 exp vs. +0.675 prev.
Cap/Util: 91.2% vs. 92.6% exp. vs. 92.6% prev.
Market sentiment is tapering off ahead of the FOMC Minutes as the central bank continues to endorse a wait-and-see approach, and the statement may continue to sap risk-taking behavior should the Fed talk down speculation for another round of quantitative easing
LDN dt 12:45:20 GMT - 08/22/2012
Any news in eur/$ ?
GVI Forex john bland 12:31:35 GMT - 08/22/2012
-- ALERT --
Canada: Retail Sales June 2012
Headline: -0.4% vs. +0.10% exp. vs. +0.20%r prev.
X-Autos:-0.4 % vs. +0.20% exp. vs. -0.40%r prev.
A
sharp decline in Japanese exports was taken as indicative of a weaker
Chinese economy. U.S. housing data will be closely watched today
Canadian Retail Sales are due as well. Thursday will see August flash
EZ PMI data.
There
was further word yesterday that ECB will consider a program to maintain a fixed limit on the spread between EZ
sovereign bond yields and bunds at its next meeting. Some are skeptical.
Traders
have been trickling back to the markets. The market also is waiting for the Bernanke speech at Jackson Hole on August 31. QE3
is unlikely. ECB President Draghi speaks on Saturday September 1.
The key EURUSD 20-day average
is 1.2314. The 10-yr bund is 1.53%,
-3bp Key European bourses are down. The
U.S.10-yr is 1.79%, -2 bp. U.S. share futures are about
steady.
Key Asian bourses ended lower. The 10-yr JGB was
0.83%, 0 bp. The key
USDJPY 20-day average is 78.61. EURJPY 20-day average is 96.81.
Japanese officials continue to threaten JPY intervention.
Japan should will see a leadership change now that the hike in the
national consumption tax was approved.
GVI Forex john bland 09:40:52 GMT - 08/22/2012
09:35 GMT (Global-View.com) August 22- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index
is opening Wednesday in North America at .5335, +0.07% from its Tuesday close (-0.05% vs. end-2010).
As for its key subcomponents, the USD forex purchasing power index is .7961, +0.05% (+2.30% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is worth .1755, -0.06% (-13.50% end-2010).
Against crude, it is at .4613, +0.32% (-5.41% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against
levels from the start of 1999, as of the initial launch of the euro (currency).
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As for its key subcomponents, the USD forex purchasing power index is .7918, -0.50% (+1.75% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
As for its key subcomponents, the USD forex purchasing power index is .7961, +0.05% (+2.30% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
