ForexBlogger @ June 13, 2013 # Comments Off
EUR/USD climbed to the highest level since February today, but retreated later. The drop was caused by good reports from the United States that supported the outlook for an end to Federal Reserve’s qua…
ForexBlogger @ June 5, 2013 # Comments Off
EUR/USD rose today as the ADP employment report showed smaller increase than traders have hoped for. Such data suggests that the Federal Reserve may postpone withdrawal of monetary stimulus. Yet it is important to remember that…
ForexBlogger @ June 3, 2013 # Comments Off
EUR/USD climbed today as macroeconomic reports were worse than expected, sparking talks that the Federal Reserve may maintain its stimulus program for a prolonged time. Meanwhile, European data was better than expected. The eur…
ForexBlogger @ May 28, 2013 # Comments Off
EUR/USD dropped today amid speculations that the Federal Reserve will reduce its quantitative easing program as the US economy recovers. Today’s reports supported such outlook, showing an improvement of economic condition…
ForexBlogger @ May 23, 2013 # Comments Off
EUR/USD edged higher today as manufacturing in the eurozone contracted with slower pace in May than in April. (Event A on the chart.) The data from the United States was good too, fueling speculations t…
Kathy Lien @ January 8, 2013 # Comments Off
The Federal Reserve’s Open Market Committee changes every year and for 2013 in particular, the new makeup of the FOMC will be extremely important because this group will decide whether asset purchases should end in 2013. Gone are Lacker (the most hawkish member of the FOMC), Pianalto (a dove), Williams and Lockhart. Three doves [...]
larrygreenberg @ December 12, 2012 # Comments Off
Several questions were directed at the fiscal cliff, a term first suggested by Bernanke. He felt the metaphor was still good and didn’t support the position of some that if a deal can be reached a couple of weeks into 2013 that the damaging…
larrygreenberg @ July 30, 2012 # Comments Off
Share price gains overnight continue to reflect optimism that the ECB will take forceful action Thursday to preserve the euro. Stocks are up 1.9% in Spain, 1.0% in Germany, 0.8% in France and 0.6% in Britain. In the Pacific Rim, equities cl…
CalculatedRisk @ December 11, 2011 # Comments Off
From Professor Hamilton: More on those secret Federal Reserve loans to banksThe claim that the Federal Reserve extended trillions of dollars in secret loans to banks continues to be spread. Here at Econbrowser we will continue to try to correct some of…
CalculatedRisk @ December 6, 2011 # Comments Off
There was a Bloomberg article last week that I ignored (it appeared inaccurate to me).
Fed Chairman Ben Bernanke has responded today. This includes a staff memo. (Click on the link for the entire memo).
A excerpt: [O]ne article incorrectly asserted …