Wednesday, March 6, 2013

DailyMarkets.com - Poland Slashes Rate By 50 Bps In Third Cut This Year

DailyMarkets.com - Poland Slashes Rate By 50 Bps In Third Cut This Year

Poland Slashes Rate By 50 Bps In Third Cut This Year

Posted: 06 Mar 2013 06:33 AM PST

    Poland’s central bank cut its reference policy rate by a deeper-than-expected 50 basis points to 3.25 percent and said it would explain the reason for its third rate cut this year at a press conference later today.
    The National Bank of Poland (NBP), which has cut rates by 100 basis points this year following a reduction of 50 basis points in 2012, also cut its lombard rate to 4.75 percent, the deposit rate to 1.75 percent and the rediscount rate to 3.50 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Mar 6, 2013: Brazil Yields Rise Before Rate Decision

Posted: 06 Mar 2013 06:33 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.

Brazil yields rise before rate decision (Reuters)
Bank of Japan nominees mix bold policies with caution (Reuters)
China central bank eyes reform, more flexible yuan in 2013 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Is The Bank Of Canada Turning Dovish Towards Its Interest Rate Outlook?

Posted: 06 Mar 2013 06:18 AM PST

Wednesday, March 6, 2013
The most recent Commitment of Traders report shows that institutional traders and commodity funds have moved to a net-short position in Canadian Dollar futures as of the end of February. This corresponds with the timeframe where the value of the CAD futures fell by over 250 pips. Should the Bank of Canada not remove its tightening bias from its statement, we could see a potentially significant short-covering rally if the non-commercial short position starts to be … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Here Come Da Feds: New Trick To Manipulate Market

Posted: 06 Mar 2013 04:20 AM PST


I recently received a message from friends in the market apprising me of the newest "trick" being used by those who like to move/manipulate markets. What are the wizards up to?

Let's get the inside scoop on what is really going on within our equity markets from our Sense on Cents Hall of Famers Joe Saluzzi and Sal Arnuk at Themis Trading. They recently sent out the following:

From Themis Trading: A new phenomenon is sweeping the equity market. It's called the Fake Tweet Mini Flash Crash. Recently, two separate twitter accounts posing as research firms have posted negative news tweets. In both situations the stocks of the targeted companies (ADNC) immediately experienced a mini flash crash and plummeted . Within seconds, after realizing the tweet was fake, the stocks recovered all of their losses. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil, Gold May Push Higher On Upbeat Fed Beige Book

Posted: 06 Mar 2013 04:20 AM PST

Crude oil and gold may rise on improving risk appetite and swelling inflation expectations if a supportive Fed Beige Book survey boosts US recovery hopes.
Talking Points

Crude Oil and Copper to Follow Stocks Higher on Upbeat Fed Beige Book Survey
Gold, Silver to Rise as US Recovery Hopes Coupled with QE Boost Inflation Bets

Commodities are in consolidation mode in European trade as traders wait for a clear catalyst to spark directional momentum. The trigger may come from the Federal … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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