DailyMarkets.com - SP500 Short Term Cycle Review

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• SP500 Short Term Cycle Review
• Monetary Policy Week In Review – 13 Nov 2011
• Bank Of Jamaica Reduces Policy Rate By 50bps To 6.25%
• Peru Central Bank Keeps Interest Rate At 4.25%
• National Bank Of Serbia Cuts Rate 75bps To 10.00%
• Bank Negara Malaysia Holds Interest Rate At 3.00%
• National Bank Of Poland Holds Rate At 4.50%
• Bank Of Korea Keeps Repo Rate At 3.25%

SP500 Short Term Cycle Review Posted: 12 Nov 2011 06:02 PM PST The SP500 psycho market has continued to be crazy. Stocks are very correlated to the EURUSD currency. There are still dominant cycles that require watching within the SP500 and nimble OEX options traders could easily buy a new house with these cycle turns. The SP500 normally has cycles periods: 13, 21, 36, 80 Over time and changes in conditions each cycle has its hay day. We use the CycleOnCycle display to monitor changes if … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monetary Policy Week In Review – 13 Nov 2011 Posted: 12 Nov 2011 01:53 PM PST The past week in monetary policy saw interest rate decisions announced by 9 central banks around the world.  Of those that changed interest rates (all dropping rates) were: Indonesia -50bps to 6.00%, Serbia -75bps to 10.00%, and Jamaica -50bps to 6.25%.  Meanwhile those that held interest rates unchanged were: The UK 0.50%, South Africa 5.50%, South Korea 3.25%, Poland 4.50%, Malaysia 3.00%, and Peru 4.25%. Some of the key themes and trends emerging through the week included an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Jamaica Reduces Policy Rate By 50bps To 6.25% Posted: 12 Nov 2011 01:15 PM PST The Bank of Jamaica reduced its policy rate by a cumulative 50 basis points to 6.25% in the September quarter. The Bank said in it’s quarterly report: “The Bank’s policy rate, the interest rate payable on 30-day certificates of deposit, was reduced on two occasions by a cumulative 50 basis points. Accordingly, at the end of September the policy rate was 6.25 per cent. The Bank’s action was informed by an improved outlook for inflation for the rest of the fiscal year, a protracted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Peru Central Bank Keeps Interest Rate At 4.25% Posted: 12 Nov 2011 12:46 PM PST The Central Reserve Bank of Peru held its monetary policy reference rate unchanged at 4.25%.  The Bank said: “This decision takes into account the lower growth being recorded by some components of expenditure, as well as the intensification of international financial risks. Should these trends continue, the Central Bank will change its monetary policy stance.” Peru’s central bank also held the interest rate at 4.25% at its September meeting, while the bank last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Serbia Cuts Rate 75bps To 10.00% Posted: 12 Nov 2011 12:41 PM PST The National Bank of Serbia cut its 2-week repo rate by 75 basis points to 10.00% from 10.75% previously.  The Bank said: ”Inflation continued down, in accordance with the NBS projection from the August Inflation Report. It is expected to decline further in the coming period. The key disinflationary factors will be weaker cost-push pressure on food prices, low aggregate demand and slower growth in administered prices. The process of disinflation will also be aided by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Negara Malaysia Holds Interest Rate At 3.00% Posted: 12 Nov 2011 12:07 PM PST The Bank Negara Malaysia held its Overnight Policy Rate (OPR) unchanged at 3.00%, and held the floor and ceiling rates of the corridor for the OPR at 2.75 percent and 3.25 percent respectively.  The Bank said: “The domestic economy improved in the third quarter, due primarily to stronger domestic demand. Export performance also improved, reflecting firm regional demand and the normalisation of trade flows from supply chain disruptions. Looking ahead, the weaker external … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Poland Holds Rate At 4.50% Posted: 12 Nov 2011 12:00 PM PST The Narodowy Bank Polski’s Monetary Policy Council kept the benchmark 7-day interest rate unchanged at 4.50%.  The Bank said: “the medium term inflation will be curbed by somewhat lower domestic economic growth amidst fiscal tightening, including reduced public investment spending, and interest rate increases implemented in the first half of 2011, as well as the expected global economic slowdown. Such an assessment is also supported by the November projection of inflation and GDP. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Korea Keeps Repo Rate At 3.25% Posted: 12 Nov 2011 11:54 AM PST The Bank of Korea maintained its 7-day repurchase rate unchanged at 3.25%.  The Bank said: “domestic demand has faltered but exports have continued to grow strongly. The trend of improvement in employment conditions has been sustained, led by the private sector. The Committee anticipates that the domestic economy will keep up its long-term trend of growth going forward, but recognizes the situation to be one in which downside risks to growth remain high due to the impact of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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