OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Fed to slow asset purchases pending unemployment – Deutsche Bank

The Fed's Bullard reiterated that it made sense for the Fed to slow asset purchases as data improved, rather than to suddenly bring the purchases to a halt, and said this could even be done in a formulaic manner where for every one-tenth decrease in the unemployment rate, the pace of purchases could be brought down by $15B per month.

In a touch of irony, Moody's downgraded McGraw-Hill, parent of Standard & Poor's overnight from A3 to Baa2. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “The outlook remains negative as Moody's cited the recent civil lawsuits filed against McGraw-Hill in relation to its ratings on mortgage securities as one of the reasons for the downgrade.”

Forex: EUR/GBP hovering over 0.8600

The demand for the pair remains subdued on Friday, following the generalized weakness in the single currency – around 1.33 vs. the USD - and the sterling – navigating in sub 1.55 levels against...
Read more Previous

Forex Flash: Fed Bullard open to scaling back QE if conditions match - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that yesterday, St. Louis Fed President Bullard gave a speech and emphasised the more powerful monetary stance this year compared to last year.
Read more Next
Start livechat