Wednesday, January 23, 2013

DailyMarkets.com - Central Bank News Link List – Jan. 23, 2013: Japan PM Sets Inflation Goal; Next On List A New BOJ Governor

DailyMarkets.com - Central Bank News Link List – Jan. 23, 2013: Japan PM Sets Inflation Goal; Next On List A New BOJ Governor

Central Bank News Link List – Jan. 23, 2013: Japan PM Sets Inflation Goal; Next On List A New BOJ Governor

Posted: 23 Jan 2013 01:15 AM PST

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.

Japan PM sets inflation goal; next on list a new Bank of Japan governor (Reuters)
Carney seen keeping Bank of Canada’s tightening bias (Bloomberg)
Yuan approaches 19-year high after central bank … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Forex Trading: Yen Sees Significant Gains Following BOJ Decision

Posted: 23 Jan 2013 12:12 AM PST

Yen Sees Significant Gains Following BOJ Decision
The yen saw significant gains against both the euro and US dollar throughout yesterday’s trading session, after the Bank of Japan announced that their measures to increase inflation were not quite as strong as forecasted. Meanwhile, crude oil saw gains following better than expected German news which led to risk taking in the marketplace. Today, the main piece of economic news is likely to be the British Claimant Count Change at 9:30 GMT. A … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Why I Am Worried

Posted: 22 Jan 2013 12:06 AM PST

I suppose that I should be happy and bullish. US equities staged a significant upside breakout last week, indicating positive price momentum.

Mid and small cap stocks have staged upside breakouts some time ago to all-time highs, which is a bullish confirmation of the trend.

As for the current Earnings Season, Bespoke reports that preliminary indications show that the beat rate is consistent with the historical average.

Buy the breakout?
My inner trader has turned more bullish … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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