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Bernanke Press Conference Leaves Me with an Unsettled Feeling

larrygreenberg @ June 19, 2013 # Comments Off

I’m a fan of the Fed Chairman.  Under extraordinarily difficult circumstances, his policy instincts contributed critically to the United States weathering the past decade in better shape than other developed economies, meaning faster growth,…

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EUR/USD Sinks After FOMC Meeting

ForexBlogger @ June 19, 2013 # Comments Off

The Federal Open Market Committee ended its two-day policy meeting today. FOMC did not change its monetary policy, but said that it looks like the economy is improving. Such view suggests that the Federal Reserve may reduce its stimulus …

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An Eagerly Awaited FOMC Message

larrygreenberg @ June 19, 2013 # Comments Off

The FOMC statement will be released in less than two hours, along with new forecasts.  The previous statement on May 1 caught the market’s attention with the addition of a sentence saying, “The Committee is prepared to increase or redu…

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Mostly Marking Time Ahead of FOMC Revelations

larrygreenberg @ June 19, 2013 # Comments Off

The recent trend toward a firmer yen got a boost from Japanese trade data.  The yen touched overnight highs of 94.82 per dollar and 127.04 per yen, but the net appreciation against the U.S. currency from Tuesday’s close was only 0.2%.  …

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All Eyes on the FOMC

larrygreenberg @ June 18, 2013 # Comments Off

Whether, when, and by how much to taper quantitative stimulus is the question of the day, as the FOMC meets on the first day of a 2-day meeting.  Creating even more uncertainty, President Obama while attending the G8 summit indicated that Chairman…

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Shifting Expectations about the Fed Support Equities

larrygreenberg @ June 17, 2013 # Comments Off

All the market talk over the past month about the Fed tapering quantitative easing had seemed premature, and as the FOMC meeting on Wednesday now draws near, investors are dumbing down their expectations for such a signal.  Share prices as a resul…

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Next Week

larrygreenberg @ June 16, 2013 # Comments Off

The most significant central bank policy event of the coming week will be the FOMC statement on Wednesday, which will be accompanied by new forecasts and followed by a Bernanke press conference.  There are also scheduled interest rate meetings at …

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EUR/USD Fluctuates on Bernanke’s Comments

ForexBlogger @ May 22, 2013 # Comments Off

EUR/USD was swinging back and forth today as Federal Reserve Chairman Ben Bernanke sent mixed signals about the future monetary policy. At first, he warned about the danger of a premature ending to quantitative e…

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FOMC

larrygreenberg @ May 22, 2013 # Comments Off

Part I: Bernanke Testimony before the Joint Economic Congressional Committee Chairman Bernanke didn’t say anything startling or out of character, but world financial markets swayed to and fro depending on then nuances of the language of his answe…

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EUR/USD Up After FOMC Meeting, Poor US Data

ForexBlogger @ May 1, 2013 # Comments Off

Today’s session was a busy one as there were quite a few economic reports from the United States as well as the monetary decision of the Federal Reserve. As was expected, the Fed maintained q…

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