Philip Chua Business Blog » statement

CAD Climbs On Oil And Stock Rebound

Fundamental Analysis — Wed, 21 Jul 2010 02:41:22 +0000

The Canadian dollar was soft after the Bank of Canada today raised the benchmark interest rate by a quarter percentage to 0.75% as expected but warned of a slow down in domestic and global economic recovery. This relatively dovish statement, however, was not able to play down the market expectation

Collapse into the Close

Fundamental Analysis — Sat, 05 Jun 2010 05:39:53 +0000

We have fiddled around in recent days with key inflection points in risk, including the 200-day moving average in the US S&P500 and the Ichimoku cloud level in USDJPY, not to mention the 200-day moving average in risk trades like USDCAD, but today seemed to offer a rather definitive statement

US Economic Indicators Preview

News Feed — Sun, 04 Apr 2010 07:20:00 +0000

At the March meeting, the FOMC voted to keep the fed funds rate at a range of 0 to 0.25%, and the phrase that interest rates were likely to remain low “for an extended period” remained part of the statement. Thomas Hoenig voted against the policy decision again, as he…

US Economic Indicators Preview

News Feed — Fri, 19 Mar 2010 13:45:43 +0000

The FOMC is very likely to maintain the target range for the fed funds rate at 0 to 0.25% at this week’s meeting. It will be interesting to see what changes are made to the statement, especially to the phrase “exceptionally low levels of the fed funds rate are warranted…

BoE MPC to Provide Further Detail Behind Decision to Halt QE

News Feed — Wed, 10 Feb 2010 11:04:45 +0000

Following on from last week’s decision by the MPC to halt its programme of quantitative easing, attention will shift to the detail of its quarterly Inflation Report (published on Wednesday), which would have been a key input into the MPC’s deliberations. Key themes arising from the statement accompanying the policy…

USD Mixed, EU May not Bailout Greece

News Feed — Sun, 10 Jan 2010 08:44:57 +0000

The USD is trading mixed gaining versus the JPY and Europe and weakening versus the commodity currencies, the Euro was pressured by a statement from the ECB’s Stark that the EU may not bail Greece out of its deficit problems and GBP pressured by report of unexpected decline in UK…