Thursday, September 27, 2012

DailyMarkets.com - Romania Holds Policy Rate Steady At 5.25%

DailyMarkets.com - Romania Holds Policy Rate Steady At 5.25%


Romania Holds Policy Rate Steady At 5.25%

Posted: 27 Sep 2012 03:06 AM PDT

    The central bank of Romania held its monetary policy rate unchanged at 5.25 percent, as expected by economists, and said it would also ensure adequate liquidity in the banking system and maintain existing levels of minimum reserve requirements.
    The National Bank of Romania said  details about its decision would be presented later today.
    Romania’s central bank cut its policy rate in February and March for a total reduction this year of 50 basis … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Albania Keeps Key Interest Rate Unchanged At 4%

Posted: 27 Sep 2012 02:06 AM PDT

    The central bank of Albania kept its benchmark refinancing rate unchanged at 4.0 percent, saying monetary conditions were appropriate to ensure that it would meet its inflation target and still provide enough stimulus to support domestic demand and growth.
    The Bank of Albania said foreign demand had supported economic growth in the second quarter with increased exports and lower imports and data show that this positive momentum continued in July.
    But … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Central Bank News Link List – Sept 27, 2012: Chicago Fed President Defends Central Bank Moves

Posted: 27 Sep 2012 01:25 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Chicago Fed president defends central bank moves (AP)
Euro zone split over how to interpret debt deal (Reuters)
BOJ’s Sato says ready to ease policy again (Reuters)
Russia central bank said to lift … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


RTTTrendStatus Continues To Work Well

Posted: 27 Sep 2012 01:24 AM PDT

Rinse and repeat is what you like to see with an indicator. RTTTrendstatus answers many questions of the trend and its current status.

Once again when the SP500 reached extremes and RTTTrendstatus went BLUE, warning the reader the market is prone to profit taking, and once again the index sold off.

A must have in anyone’s charting toolbox. Works best on consolidated indexes and … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


$TLT – Why Gold Is A Sure Long-Term Bet

Posted: 27 Sep 2012 01:17 AM PDT

By Porter Stansberry

What a spectacle…

In an utter and complete repudiation of its founding principles, the European Union’s central bank (ECB) has decided to copy the U.S. Federal Reserve’s 2008-2009 strategy of “papering over” Europe’s massive debt problems. The ECB will provide nearly unlimited credit to Europe’s sovereign borrowers, while also buying troubled assets from Europe’s largest banks.

This latest development has caused a significant change in what I call “the most important … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Forex Trading: EUR/USD Hits 2-Week Low Amid Spanish Debt Concerns

Posted: 27 Sep 2012 01:09 AM PDT

EUR/USD Hits 2-Week Low amid Spanish Debt Concerns
Investor concerns regarding Spain’s ability to handle its debt issues once again weighed down on the euro, which hit a two-week low against the US dollar during trading yesterday. The news also resulted in bearish movement for commodities, like crude oil which fell below the psychologically significant $90 a barrel level. Today, traders will want to pay attention to several economic indicators out of both the euro-zone and US. An Italian … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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