Thursday, September 6, 2012

DailyMarkets.com - ECB Makes It Easier For Banks To Access Funds

DailyMarkets.com - ECB Makes It Easier For Banks To Access Funds

ECB Makes It Easier For Banks To Access Funds

Posted: 06 Sep 2012 06:56 AM PDT

    The European Central Bank (ECB) has made it easier for banks to access liquid funds from the ECB, suspending a minimum credit rating threshold on bonds that are issued by member states.
    The ECB is also allowing banks to use bonds they hold that are issued in U.S. dollars, pound sterling and yen as collateral to access funds from the ECB.
   
    The ECB issued following press release on the collateral measures:

6 September 2012 – Measures to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

ECB Launches OMT Program To Buy Sovereign Bonds

Posted: 06 Sep 2012 06:43 AM PDT

    The European Central Bank (ECB) has launched a new program to purchase sovereign bonds in the secondary markets that are issued by members of the 17-nation euro zone.
    The ECB issued the following press release on the technical features of the Outright Monetary Transactions (OMTs) program, which also terminates the previous bond purchase program, the Securities Markets Program (SMP):

6 September 2012 – Technical features of Outright Monetary Transactions
As announced … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Today’s Employment Reports

Posted: 06 Sep 2012 06:03 AM PDT

1. Global outplacement consultancy Challenger, Gray & Christmas announced today that:

“Employers announced plans to shed 32,239 workers from their payrolls in August. It was the fewest number of monthly job cuts by US-based firms since December 2010, when layoffs totaled 32,004.& August job cuts were down 12.5% from a July total of 36,855, making it the third consecutive decline in monthly job cuts. Last month was 37% lower than August 2011, when employers announced plans to eliminate … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Serbia Holds Rate As Change Has Little Inflation Impact

Posted: 06 Sep 2012 05:58 AM PDT

    The central bank of Serbia kept its policy rate unchanged at 10.50 percent, saying a change to its tight policy stance right now would have little effect on the inflation rate.
    The National Bank of Serbia said inflation was being driven by higher domestic and international food prices caused by a bad harvest, an expected rise in administered and import prices and the waning effect of past depreciation of the dinar currency.
   ”The Executive Board decided … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Following The Breakout In Gold Into Key Level

Posted: 06 Sep 2012 05:45 AM PDT

We've been anticipating a breakout in gold prices, and the last few weeks have delivered the likely upside break into the initial target.
Let's update the Daily and Weekly chart and note the key level that price may be breaking again to the upside.
Here's the bigger picture Weekly Update:

On the Weekly Structure, price has been consolidating or retracing in the form of a Descending Triangle or Flag with a Horizontal Base at $1,550.
After months of clear support off the $1,525/$1,550 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Malaysia Holds Rate, Says Low Enough To Help Economy

Posted: 06 Sep 2012 05:29 AM PDT

    The central bank of Malaysia held its benchmark Overnight Policy Rate (OPR) unchanged at 3.0 percent, as expected, saying it considers this rate to be low enough to support the economy during the current global economic uncertainty.
    Bank Negara Malaysia, which has held the OPR unchanged since June 2011, said in a statement after a meeting of its Monetary Policy Committee that domestic demand should o continue to support growth despite a moderation in global economy, … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

ECB Keeps Interest Rate On Hold At 0.75%

Posted: 06 Sep 2012 05:03 AM PDT

    The European Central Bank (ECB) kept its benchmark refinancing rate unchanged at 0.75 percent, a decision that will surprise those in financial markets that had expected the bank to trim its rates.
    The ECB said in a statement that it would issue further comments on its decision later today. The ECB is widely expected to provide details of its plan to purchase government bonds to push down the rates that some of the countries in the 17-nation area, such as Spain and … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Who Does Raleigh Real Estate Market Favor In September 2012?

Posted: 06 Sep 2012 04:47 AM PDT

… [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Bank Of England Maintains 0.5% Rate, QE Target

Posted: 06 Sep 2012 04:18 AM PDT

    The Bank of England (BoE) kept its official bank rate unchanged at 0.5 percent, as widely expected, and maintained its current target of purchasing assets worth a total of 375 billion pounds.
    The BoE said in a statement following a two-day meeting of its Monetary Policy Committee that it expected to complete its asset purchases, also known as quantitative easing (QE),  in two months.
    The British economy is currently in recession, with gross … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Forex Trading: Euro Rallies As Details Of ECB Plan Released

Posted: 06 Sep 2012 12:20 AM PDT

Euro Rallies as Details of ECB Plan Released
The euro rallied against virtually all of its main currency rivals during European trading yesterday, as details regarding the ECB’s plan to lower borrowing costs in Italy and Spain began to surface. Today, in addition to the ECB Press Conference, where final plans to boost the euro-zone economy are expected to be unveiled, traders will also want to pay attention to a batch of US news. The ADP Non-Farm Employment Change and ISM Non-Manufacturing … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
at

No comments:

Post a Comment