by Henry Liu on February 16, 2010
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD N/A
MPC, Monetary Policy Committee, from Bank of England (BOE) is releasing their meeting minutes over the Rate Decision meeting held about two weeks ago along with the actual vote count over the rate decision and the Asset Purchasing Facility program. If you recall, MPC decided leave both interested rate and APF unchanged and they are undecided on whether or not the APF (quantitative easing program) should expire or extended for the time being. But without a concrete answer on the APF program, market took that as a bearish message and sold off GBP.
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by Henry Liu on January 19, 2010
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD N/A
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and the APF program. If you recall, MPC decided leave both interested rate and APF unchanged but BOE Official Sentance was particularly bullish during the last week and brought about expectations of the end of QE (Quantitative Easing) program. This action provided an immediate short-term bullish rally for the British Pound as traders and speculators both are expecting a much more bullish stance from BOE.
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by Henry Liu on November 17, 2009
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD N/A
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and the vote count over the increase in its APF program. If you recall, MPC decided leave the interested rate unchanged but surprised the market by only increasing its QE program by 25 Billion Pound against analysts estimate of 50 Billion Pound Increase. This action provided an immediate short-term rally for the British Pound as traders and speculators both wonder the reasons to this surprisingly strong outlook for the GBP from BOE.
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by Henry Liu on October 26, 2009
Hello Everyone:
For those who are in my Weekly Outlook Report, you must be happy by now, because my calls on SELL GBP must have made you good money today; but for those who are not on my Weekly Outlook Membership (paid service), here is what I wrote on Sunday for the Sterling:
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by Henry Liu on October 21, 2009
4:30am (NY Time) UK Retail Sales Forecast 0.6% Previous 0.0%
ACTION: GBP/USD BUY 1.2% SELL -0.1%
Today we’ll once again focus on the UK Retail Sales, a high impact news released monthly, which is measurement of activities at the retail level. A higher Retail sales number usually reflects better consumer consumption, which leads to better economy, and of course better for its currency.
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by Henry Liu on October 20, 2009
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and possibly the Qquantitative Easing measures (QE). Last rate decision MPC decided to leave both rates and their QE unchanged, which provided an immediate short-term (and short-lived) support for the British Pound. This meeting minutes, however, will probably have more profound effect on the British Pound than its predecessors because of the sharp gain in GBP last week, which was attributed to none other than the rumor to the possible termination of the QE program, and solid proof will be provided by official sources today.
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by Henry Liu on October 18, 2009
[flv:http://www.newsprofiteer.com/101909-rbaminutes/101909-rbaminutes.mp4 480 360]
RBA(Reserve Bank of Australia) is expected to release its Meeting Minutes for the rate decision 2 weeks ago; and if you remember, it was a surprise to the currency market as a whole as RBA hiked it’s Cash Rate by 25 basis points, from 3.00% to 3.25%. As with most analysts, I didn’t expect RBA to hike rates until 2010, and I was genuinely surprised by this decision, and of course, market responded with a frenzied demand for AUD and pushed AUD/USD pair to new 2009 highs.
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