Livingston nh 22:07 GMT April 10, 2016
jp - the indictment of the Fed would be long because of the numerous transgressions it has committed -- like any bureaucracy it has attempted to expand well beyond the original remit BUT usually the political powers that be step in after serious harm occurs
The moaning about a "Strong dollar" in a meeting should not be a basis for policy a non-elected body - moaning about a crisis that has long since passed - maintaining 2.5 trillion dollars in treasurys is interference in fiscal policy
Every little wart and worry should not rise to the level of a Congressional mandate -- the Fed over the last 3 years has been a major stumbling block in the recovery and given this year's political climate the new king may decide the Fed needs more than an audit
GVI Forex john bland 21:29 GMT April 10, 2016
BOJ's former Shirai:
-- little room to cut negative rates further.
-- limit of bond purchase effectiveness within 2 yrs
GVI Forex john bland 21:26 GMT April 10, 2016
EURUSD 1.1408 +13
GBPUSD 1.1420 -4
USDJPY 108.84 +3
USDCHF .9524 -7
USDCAD 1.2988 0
AUDUSD .7545 -10
Antwerp 18:43 GMT April 10, 2016
EURUSD - trading strategy at the levels above 1.1320
The economic and interest rates politic as a major factor for the markets this week is expecting. There are couples of events that will send signals for the situation in USA and Euro Zone. The first key event for the week is on Tuesday Germany CPI at 6:00 GMT. On Wednesday is the very important Fed's Beige Book at 18:00 GMT also at the same day at 12:30 GMT expects PPI, Core PPI and Retail Sales.
On Thursday focus in the morning Euro Zone CPI at 9:00 GMT and U.S. CPI and Core CPI at 12:30 GMT.
In the last business day of the week pay attention over China's GDP for first quarter at 2:00 GMT. China's report is a signal for the total economic growth. Later expects Euro Zone Trade Balance at 9:00 GMT and Industrial Production for United States at 13:15 GMT.
The technical analysis shows two important support levels at 1.1320 and 1.1345. If EURUSD breaks below 1.1320 predict the end of the uptrend. Otherwise use the levels between 1.1320 and 1.1345 to open long positions with target 1.1495.
The major resistance levels are 1.1453 and 1.1495.
Mtl JP 13:04 GMT April 10, 2016
Markets Accept Yellen Policy Change
john re you Saturday April 9, 2016 blogue:
in addition to the minutes Janet staged a little theater piece with her predecessors designed to re-affirm Janet's FED gang's actions have , do and will be the correct ones as is to be expected of "experts".
Between world CBs the US FED still seems to command "top dog" position perception as the most influential on financial markets.
As a collective world CBs appear to be attracting more attention than traditionally. There also appears to be a growing "rebellion" to swallow their codswallop without question in full trust.
With respect to Janet's FED it seems like players got her by the short-hairs when it comes to expectations of the FED committing to backstopping US equity market. That would appear to be SnP 500 2044 level which was Dec 31 2016 close.
Price action around that line should give an idea whether Janet submits to or pi$$es on the market in a game of submission and dominance.