Tuesday, October 30, 2012

DailyMarkets.com - Forex Trading: US, Euro-Zone News Set To Generate Volatility Today

DailyMarkets.com - Forex Trading: US, Euro-Zone News Set To Generate Volatility Today

Forex Trading: US, Euro-Zone News Set To Generate Volatility Today

Posted: 30 Oct 2012 01:05 AM PDT

US, Euro-Zone News Set to Generate Volatility Today
A lack of significant international news yesterday, combined with concerns regarding a hurricane set to hit the United States resulted in low volatility in the marketplace. Crude oil reversed earlier gains during the second half of the day, as the threat posed by Hurricane Sandy to US refining capabilities led to supply side fears among investors. Today, traders can anticipate market volatility following an Italian bond auction and US CB … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Oct. 30, 2012: Spain’s Bad Bank Lures Investors With Steep Discounts

Posted: 30 Oct 2012 12:04 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.

Spain’s bad bank lures investors with steep discounts (Reuters)
UBS set to exit fixed income, fire 10,000 bankers (Reuters)
U.S. markets to be closed on Tuesday ( NYT)
Hungary set for third rate cut … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Japan Boosts Asset Purchase Program To 91 Trillion Yen

Posted: 29 Oct 2012 11:11 PM PDT

    The Bank of Japan (BOJ) expanded its asset purchase program by another 11 trillion yen to 91 trillion, slightly more than expected by many economists, and set up a new framework, with unlimited funds, in an attempt to stimulate bank lending.
    The BOJ also kept its overnight call rate unchanged at zero to 0.1 percent, the level it has been at since December 2008,
    Under the increased asset purchase program, the BOJ will purchase some 10 trillion yen … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

India Holds Rate, Cuts CCR By 25 Bps, Sees Further Easing

Posted: 29 Oct 2012 10:53 PM PDT

    India’s central bank held its benchmark repurchase rate steady at 8.0 percent but cut its Cash Reserve Ratio (CCR) by 25 basis points to 4.25 percent, and held out the promise of further policy easing in the fourth quarter of the 2012/13 year.
   The Reserve Bank of India (RBI), which also cut its CCR by 25 basis points last month, said in a statement that the reduction in CCR would inject some 175 billion rupees into the banking system, and was “intended to pre-empt a … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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