Tuesday, January 22, 2013

DailyMarkets.com - Malawi Holds Rate Steady To Let Past Policy Tightening Work

DailyMarkets.com - Malawi Holds Rate Steady To Let Past Policy Tightening Work

Malawi Holds Rate Steady To Let Past Policy Tightening Work

Posted: 22 Jan 2013 01:42 AM PST

    Malawi’s central bank kept its benchmark bank rate unchanged at 25.0 percent, saying inflation was in line with recent forecast and it wanted to allow more time for the recent monetary tightening to work its way through the economy.
   But the Reserve Bank of Malawi (RBM) said the “risks in the financial system remained elevated due to the high inflation and interest rates” with the ratio of non-performing loans rising to 8.2 percent in November from 7.8 percent in the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Jan. 22, 2013: Bank Of Canada To Deliver One-two Punch Of Policy Decisions

Posted: 22 Jan 2013 12:40 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.

Bank of Canada to deliver one-two punch of policy decisions Wednesday (financial post)
King confronts triple-dip risk as snow freezes U.K. economy (Bloomberg)
Prasern says capital flows remain key … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Forex Trading: EU, US News Forecasted To Create Market Volatility Today

Posted: 21 Jan 2013 11:54 PM PST

EU, US News Forecasted to Create Market Volatility Today
The yen came off a recent 2 ½ year low against the US dollar yesterday, as investors spent the day speculating about the possible steps the Bank of Japan was willing to take to increase inflation. Meanwhile, a lack of significant international economic news led to relatively little movement for most other currencies and commodities over the course of day. Today, traders can anticipate significantly more volatility in the marketplace … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BOJ Sets 2% Inflation Target, Open-ended Asset Purchases

Posted: 21 Jan 2013 10:33 PM PST

    The Bank of Japan (BOJ) has adopted a 2 percent inflation target and an open-ended asset purchase program in its latest effort to boost economic growth and wrest the country from almost two decades of a deflationary slump.
    The BOJ’s additional monetary easing, along with a joint statement with the government, was widely expected following intense pressure from the new government under Prime Minister Shinzo Abe which has approved fresh stimulus spending of more than … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

E-Mini NASDAQ Poised For A Breakout

Posted: 21 Jan 2013 07:10 PM PST

After a few weeks of range bound activity, the E-Mini NASDAQ 100 seems poised for a major breakout opportunity. Here's why…
Major Compression

The daily chart shows the E-Mini NASDAQ 100 is trading within the boundaries of a highly compressed price range. As it turns out, this price range actually encompasses the year's trading thus far.
The fact that markets ebb and flow between compression and expansion phases, leads me to believe we'll likely see a breakout from this trading range … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Is Chinese Re-balancing Bullish?

Posted: 18 Jan 2013 12:25 AM PST

With China’s Q4 GDP up 7.9%, which was ahead of consensus expectations of 7.8%, I thought it would be a good time to look at China’s likely growth path yet one more time. The Bonddad Blog had an excellent post entitled “Will China Save Us — Again?” The blog post reviews the (pre-Q4 GDP) data showing a rebound in the growth of China’s economy and closes with an indication that growth is re-balancing toward the consumer.

Is re-balancing good news?
There is no question that an over-reliance on … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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