• Saltar a la navegación principal
  • Saltar al contenido principal
  • Saltar a la barra lateral principal
  • Saltar al pie de página

Mundotrading

Revista de análisis de los mercados financieros

  • Inicio
  • Análisis técnico
    • Acciones e índices
    • Forex
    • Materias primas
  • Análisis fundamental
  • Economía
    • Mercados
    • Tecnología y social media
    • Reportajes y opinión
  • Otros
    • Psicotrading
    • Sistemas Automáticos
    • Crowlending y Microfinanzas
    • Fondos de inversión

QE in the US comes to standstill as Janet Yellen gets in line to fill Bernanke’s shoes

Por Mundotrading. 15 octubre, 2013 Deja un comentario

The result of last week’s FOMC Minutes in the US was largely centered on Janet Yellen’s nomination as the next Chairwoman of the Federal Reserve. Whilst estimates foretold that QE tapering was in the cards to be announced at last week’s Minutes – as was an imminent end to QE altogether by mid-2014 – neither topic came up seeing as the mere anticipation of Yellen coming to power in January made Bernanke put the QE subject on pause until she adopts the strategic decision making role. The outcome of the minutes boosted the US dollar, with the EUR/USD trading at 1.3460 and the USD/JPY at 98.30 on the day. US weekly jobless claims brought heavy disappointment when they climbed unexpectedly to 374K, as predictions had pointed towards a significantly lower 307K. The increase was the highest in almost a year, leaving many to ponder upon the underlying reason. Two sources of cause could be the government shutdown which has left many out of a job and computing problems in California following on from last month’s technical errors and the backlog of reports that ensued as a result. The most important fundamental news due this week in the US are the Initial Jobless Claims and the Philadelphia Fed Manufacturing Survey, both out on Thursday 17th and predicted at 357K and 15.4 respectively, with the CB Leading Indicator following on Friday 18th and forecast at 0.40%.
At the ECB press conference last week, it was once more decided that all rates would be left unchanged, with President Mario Draghi expressing that he is not too worried about inflation drifting further away from the central bank’s 2% target seeing as this is what they had anticipated. During the press conference the EUR/USD rose above 1.3540 and ever so briefly above 1.3600 but didn’t manage to hold the latter figure for very long. In Germany, the Trade Balance improved to 15.6B in September, higher than the 15.1B expected, but unfortunately the encouraging figure failed to boost the euro, the single currency in fact declining following the positive data. Statistics released according to the Harmonized Index of Consumer Prices revealed that German inflation increased 1.4% in September as analysts had predicted, whilst the annual CPI did not change from the previous month. The eurozone this week awaits the release of the ZEW Economic Sentiment Survey on Tuesday 15th and the Core Consumer Price Index on Wednesday 16th.
In the United Kingdom, the Bank of England interest rate decision on October 10th revealed absolutely no change, with the interest rate remaining at 0.50% – the level it has been since 2009. In addition, the BoE Asset Purchase Facility, otherwise known as the country’s QE program, was also left intact remaining at 375 billion pounds. There has generally been no substantial change recorded neither in Governor Carney’s policy nor in the UK economy as a whole this month. Data released on Wednesday by the National Institute of Economic and Social Research indicated that the British economy expanded by 0.8% in Q3, thanks in large to the outstanding performance witnessed in the industrial sector over the past few months, despite the 1.1% drop recorded in August. This coming Tuesday, October 15th, the UK is holding its breath for key fundamental news such as the Core Consumer Price Index and the PPI Core Output. Wednesday the 16th is to reveal the Claimant Count Change, while the 17th of the month holds UK Retail Sales figures in store.
What has been called a ‘moderate recovery’ will continue in Japan according to the meeting minutes released last week by the country’s central bank, as it moves forward with the money market operations planned in order to increase Japan’s monetary base by 60-70 trillion yen a year and also with the buying of government bonds and ETFs. The Bank of Japan is also intent on using quantitative easing until Japan reaches the desired price stability target of 2%, as all measures decided on by the Bank of Japan always revolve around a much-longed-for end to over a decade of deflation. This week in the cards for Japan are the figures on foreign investment in Japanese stocks due out on Thursday 17th, and the much anticipated speech of Governor Kuroda on Friday 18th. 

What to watch this week!

EUR/USD: the major currency pair appears to be calming down following its latest uptrend, with the next levels to watch out for being the support levels of 1.3640, 1.3726 and 1.3898, and the resistance levels of 1.3472, 1.339 and 1.3304.
Informe elaborado por los expertos de FOREX TIME 
  • Acerca de
  • Últimas entradas
Mundotrading
Últimas entradas de Mundotrading (ver todo)
  • La importancia de invertir para la jubilación - 25 enero, 2023
  • ¿Es el sueño chino el gran salto hacia atrás? - 24 noviembre, 2022
  • ¿Se dirige el Big Tech hacia un gran problema? - 9 noviembre, 2022

Publicado en: Forex

Entradas recientes

  • Sacyr enfrenta a una dura resistencia pero con gran potencial, por Daniel Santacreu 17 febrero, 2023
  • La temporada de resultados pincha, por Alba Puerro 12 febrero, 2023
  • ¿Qué está pasando en el petróleo y Repsol?, por Daniel Santacreu 10 febrero, 2023
  • Las acciones de AMD caen tras la rebaja de Bernstein 25 enero, 2023
  • La importancia de invertir para la jubilación 25 enero, 2023

Interacciones con los lectores

Deja una respuesta Cancelar la respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Barra lateral principal

  • Correo electrónico
  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Archivos

Categorías

Charts en Tiempo Real


Cotizaciones proporcionadas por Investing.com España.

Footer

Calendario

octubre 2013
L M X J V S D
 123456
78910111213
14151617181920
21222324252627
28293031  
« Sep   Nov »

Etiquetas

análisis técnico ascendente BBVA Blue Braces bolsa bolsa española ciclos Daniel Pernas daniel santacreu dax descendente divisas dow jones elliott Eurostoxx50 fase fase cíclica forex iag iberdrola ibex ibex35 IBEX 35 Inditex Jorge Labarta José Carlos Estévez libros de bolsa libros de trading los mejores libros de bolsa Mario de Angeles Maxglo Maximiano Martín mundotrading oportunidad de la semana Pablo Anido psicología del trading psicotrading REPSOL s&p500 santander telefónica trading wall street XAR Álvaro Berrueta

Buscar

Megabolsa Network



Copyright © 2012 - 2022   |   Megabolsa Network · Todos los derechos reservados

Acerca de Mundotrading · ¿Quiere colaborar? · Contacte con nosotros · Anúnciese en Mundotrading · Política de cookies · Aviso legal

sponsored