OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: The Fed is tilted toward the hawkish side - Nomura

Nomura Economists note that the minutes for the January 29-30 FOMC meeting revealed that many FOMC participants were concerned about potential costs of quantitative easing and that there was difficulty in setting numerical thresholds for tapering/ending QE3.

They note that although most participants believed that QE3 had been effective in helping the economic recovery, the chances of ending/tapering asset purchases before the outlook for the labor market improves substantially has risen materially. They write, “Looking ahead, there is an increased possibility that the Fed could show a more detailed cost-benefit assessment of QE3 in the policy statement and introduce a framework to flexibly adjust the pace of asset purchases as early as the March meeting.”

Forex Flash: US dollar strengthens following FOMC minutes - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that USD has continued to strengthen in the Asian trading session following the release of the latest less dovish than expected FOMC minutes, with the dollar index rising above its 200-day moving average.
Read more Previous

UK: PSNB posts a deficit of £9.861B in January

UK Public Sector Net Borrowing was at £-9.861B, following £12.416B in December, National Statistics reported on Thursday. This the largest deficit since April 2012, but nevertheless a more positive result than market consensus of £-11.200B.
Read more Next
Start livechat