Tuesday, January 29, 2013

DailyMarkets.com - Dovish Talk From BOC Brings Down The “Loonie”

DailyMarkets.com - Dovish Talk From BOC Brings Down The “Loonie”

Dovish Talk From BOC Brings Down The “Loonie”

Posted: 29 Jan 2013 07:17 AM PST

Friday, January 25, 2013
The bullish flight of the Canadian Dollar, i.e the “Loonie”, has been grounded, as slower than expected growth of the Canadian economy has extended the expected timeframe for interest rate increases from the Bank of Canada.
Fundamentals
Canadian Dollar futures fell sharply following a cut in the growth forecast from the Bank of Canada (BOC), which some market participants saw as a sign that interest rates may not be raised this year. On Wednesday, the BOC kept its … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sugar Struggling To Find Support Off Of 29-Month Lows

Posted: 29 Jan 2013 07:17 AM PST

Monday, January 28, 2013
Sugar bulls have a tough road ahead, as prices continue to hover near 2 ½ year lows and production continues to outstrip demand. The International Sugar Organization (ISO) expects a Sugar surplus of 6.2 million metric tons for the 2012-13 season. It appears that current oversold conditions and some moderate support near the 18.00 level in the March futures may have spurred some short-covering buying by weak bears. However, unless we begin to see some significant … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

David Vs Goliath: The Case For Community Banks

Posted: 29 Jan 2013 06:19 AM PST

While the mega-banks on Wall Street flex their oligopolistic muscles (price controls, imperfect information, not sharing data), I want to take this opportunity to throw some support to the Davids of the banking world.
Who are these Davids? The community banks. Do you feel like you get a lot of personal touch and proper attention from Goliath? Really? How about from David?
Let's navigate and review a compellingly detailed analysis recently released by the Dallas Fed. 
A Lender for Tough … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Jan. 29, 2013: Bernanke Seen Buying $1.14 Trillion In Assets In 2014

Posted: 29 Jan 2013 06:06 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.

Bernanke seen buying $1.14 trillion in assets in 2014 (Bloomberg)
Praet: ECB’s tools can still relax borrowing conditions if necessary (dow jones)
TSC to ask Carney: Can UK monetary policy framework … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hungary Cuts Base Rate Another 25 Bps To 5.50 Pct

Posted: 29 Jan 2013 05:24 AM PST

    Hungary’s central bank cut its benchmark base rate by another 25 basis points to 5.50 percent, as expected, and said it would provide details of its decision later.
    The National Bank of Hungary cut its rate by 125 basis points in 2012 and said last month that it would consider further rate cuts but only if sentiment in financial markets continued to improve and there was evidence that the inflation target was achievable.
    In December … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

India Cuts Rate, CRR On Easing Inflation, Subdued Growth

Posted: 29 Jan 2013 04:57 AM PST

    India’s central bank cut its policy repo rate by 25 basis points to 7.75 percent and reduced the cash reserve ratio (CRR) for banks by the same amount to 4.0 percent, citing tight liquidity conditions, saying inflationary pressures appear to have peaked and economic activity remains subdued.
    The Reserve Bank of India (RBI), which cut its benchmark repurchase rate by 50 basis points in 2012, said it was likely that inflation would remain range-bound around the current … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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