If you look at the BOE Meeting Minutes, the list is more dovish than hawkish (see http://www.forexlive.com/blog/2014/09/17/boe-mpc-minutes-insufficient-price-pressure-to-justify-rate-rise/ ). Yes, Weale and McCafferty kept their vote for 0.25% rate hike again. So there was that element which is hawkish. However, the other stuff was … Continue reading
Goldman Sachs does almost nothing to keep ‘client’ economic research from appearing everywhere. Keep that in mind when you read Goldman Sachs’ preview of today’s FOMC meeting.
Fedex are out with their Q1 2014 earnings and they are shipping some good news to the market. EPS $2.10 vs $1.96 exp Revenue $11.70bn vs $11.47bn exp Express shipping rev +4.0% Ground shipping rev +8.0%, Average daily volume +6.0% … Continue reading
Forex headlines for September 16, 2014: PBOC pumping 500bn yuan through SLF to top 5 banks Opposing headlines on ICM referendum poll send the pound for a ride Scottish independence poll shows No side leading 52-48% Rumor that the latest … Continue reading
A few minutes ago an ICM poll for the Scotsman also showed the pro-UK side leading 52-48%. There are also rumors that the Survation poll due later will have the exact same margin. The twitter post on the ICM poll … Continue reading
The first headlines showed ICM poll indicating the pro-independence side taking the lead in Scottish referendum and the pound dropped. A poll from ICM shows the Yes side ahead 52-48%. The initial headline was wrong and the No side is … Continue reading
Word on twitter is that the No side polled at 52% compared to 53.5% in Survation’s previous poll. I’m skeptical of the source but Bloomberg and some others picked up the chatter so it’s out there. The pound isn’t reacting … Continue reading
The AUDUSD has bounced higher on back of a liquidity infusion into banks by the Peoples Bank of China. The move higher saw the price move above topside channel trend line resistance, and the 100 hour moving average (currently at 0.9069). … Continue reading
In its preview for the FOMC meeting on Wednesday at 2 pm ET, Goldman Sachs says the Fed won’t remove or substantially modify its forward guidance that the funds rate will stay at its current level for a “considerable time” … Continue reading
Polling is an inexact science. Not only does ‘random’ sampling offer some challenges but models try to predict which type of voters will turn out. In a general election there is lots of historical data to draw upon but a … Continue reading
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