SUNDAY INTEL UPDATE
Posted by EXOGEN on October 5, 2014 at 10:38am
We GO NEXT!
NEXT IMPLIES SOMEONE HAS GONE FIRST. WHO WAS IT?
Hale Ali'i > knight rider:
As long as we're next!!
There are touch downs being made in Reno and Atlanta exchanges are being made..
Activity pivots from Reno to ATL. TDs being scored at will on those audibles last night. We got our tickets and are at the turn style poised to move on thru!
Let's watch Shanghai's open..... see what the SGE says G & S are worth. Some are expecting an earth shaking fall. (Dr Copper too).
Prosperity pkgs 100% funded.
Vaughn > EXOGEN:
Global Prosperity Packages being released on the 7th, 100% Funded
oso_mama It's done and it's flying! Be patient Get ready Keep calm this road is ending and a new road is ready to be traveled.... ;)
Eloisa Looking for Shanghai to open
October 5, 2014 at 11:12am
The GCR is stretching over the goal line.
Much work going on in Atlanta behind the scenes.
The public exchange is next
Watching for Shanghai to open.
It appears that prosperity packages will be delivered around 10/7...and are 100% funded.
It's snowing again.
Watch for word from Janet Yellen this week after Fed meetings.
October 5, 2014 at 11:02am
Central Banks Watch: BoE, RBA and BoJ to Set Rates; FOMC Minutes to Be Released
By Boby Michael
October 5, 2014 10:40 BST
Many currencies are down because of the dollar rally.Reuters
Rate decisions by the Bank of Japan, Bank of England and the Reserve Bank of Australia and the release of minutes of the last FOMC meeting are the major G10 central bank events in the upcoming week, while rate setting meetings in Indonesia and Poland will also be keenly watched.
None of the developed market economies in the list are likely to alter the key rates this time and so are the emerging market ones.
The FOMC minutes and the policy statements by the G10 apex banks will be the most watched in the forex market for interest rate cues and exchange rate outlook.
The dollar rally in recent months will most likely be a common topic of discussion for almost all the central banks scheduled to announce their credit policies this week.
The big jump in the dollar will affect emerging markets as the cost of local assets will increase for a foreigner who makes payment in dollars, triggering imported inflation in most such countries.
At the same time, the fall in currencies like the Australian dollar is likely to help offset the impact of the drop in the prices of commodities, traders say.
The BoJ will decide the rates at 3:00pm on Tuesday and the RBA half an hour later. The BoJ rate now is 0.1% and that of the RBA 2.5%.
Both the announcements will follow press conferences by the heads of the banks.
The fact that the yen is trading at a six-year low and the Aussie dollar at an eight-month low will provide the respective central banks some cushion as a stronger domestic currency could weaken their export outlook.
The BoE will set rates on 9 October and the consensus is for keeping the rate at 0.5%.
Indonesia is expected to keep the main rate at 7.5% on Tuesday while Poland may leave it at 2.5% on Wednesday.
If the FOMC minutes due on 8 October add up to the jobs data on Friday, the greenback will move up further.
Speeches by former Fed Chair Ben Bernanke at various events from 7 September to 9
September in and around Bangalore will also be watched.
The ECB monthly report on Thursday and the Bank of Canada business outlook survey for the third quarter scheduled the next day will be among the key releases after the rate decisions.